ELFF Study Indicates a Bright Near-Term Future in Construction Industry



The Equipment Leasing & Finance Foundation released a study examining the construction industry which says the future is bright for general contractors working in commercial and residential construction.

The study provides an outlook on U.S. construction market sector confidence, anticipated spending and key developments and trends impacting the sector over the next one to two years. It is the first release of the foundation’s new vertical market series designed to help readers recognize and understand key trends that may affect their businesses.

The study, commissioned by the foundation and prepared by ORC International, indicates that the all-time high in construction spending in 2017 will carry through in 2018, with predicted U.S. construction industry growth of 5%. It examines issues impacting the sector, including labor shortages, trade tariffs, corporate tax rate reductions, equipment acquisitions and technological developments.

“The new foundation construction study is comprehensive, yet concise, making it an ideal information resource for construction industry managers and business owners,” said Tom Ware, ELFF research committee chair. “We look forward in the coming months to delivering additional vertical market studies that leverage industry research, subject matter expertise and analyses for business decision-making.”

Related

A Return to Normalcy: Construction Industry Optimism Remains High


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com