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Tag: Wells Fargo
Business
Contractors’ optimism about 2020 drops but still strong, Wells Fargo reports
Though contractor optimism is down, 2020 should still be a strong year for nonresidential construction activity. Learn more here on Equipment World.
March 10, 2020
Dealers
Strong construction market to continue with rising equipment sales, no recession, reports Wells Fargo
Wells Fargo is predicting another strong year for the heavy equipment and construction industries. Get more information on the report here on Equipment World.
March 1, 2019
Business
Home starts fall 6.5% in May as apartment construction and permits slow
May represented a down month for residential construction in the U.S. as both home starts and permits decreased. U.S. home construction starts fell 6.5 percent in May as new construction on both single-family homes and apartments saw sizable declines. Builders started new homes at a seasonally adjusted annual rate of 1.001 million, down from April’s […]
June 17, 2014
Business
Contractors skeptical of Tier 4 resale value, say lack of consistent work will continue driving equipment rentals
Skepticism around Tier 4 equipment and a continued lack of consistent work will contribute to continued momentum in the rental market, based on data collected by a Wells Fargo Equipment Finance survey in January. Nearly 30 percent of contractors surveyed said they feel Tier 4 equipment will have a worse resale value than previous generations. […]
February 27, 2014
Business
Building permits up in October, but government delays housing starts data for second month due to shutdown
Though the Commerce Department won’t release data on housing starts and completions until next month, it reports that building permits saw a sizable gain in October. Placing blame on the 16-day partial shutdown of the federal government during October, the Commerce Department says it won’t have the data for home starts and completions for the […]
November 26, 2013
Business
Housing starts up 0.9% as decreases in apartment starts, permits detract from single-family performance
Following a few months of ups and downs, U.S. construction starts on new homes are showing signs of stabilizing a bit with a second consecutive month of gains in August. New home starts rose 0.9 percent in August to a seasonally adjusted annual rate of 891,000, according to preliminary data from the Commerce Department on […]
September 18, 2013
Business
Builder confidence reaches highest level since 2006
For the first time since April 2006, more U.S. home builders say they view the market  as “good” rather than “poor.” The sentiment comes through the June edition of the National Association of Home Builders/Wells Fargo Housing Market Index. The Index’s rating of builder confidence rose eight points in June to a 52. The NAHB says […]
June 20, 2013
Business
Contractors, equipment dealers optimistic about construction activity, rental fleet growth
The latest round of the Wells Fargo Equipment Finance Construction Optimism Quotient registered at a 106, indicating that contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2013. The Optimism Quotient is a piece of the Wells Fargo 2013 Construction Industry forecast used to gauge contractors and equipment distributors’ feeling […]
March 11, 2013
Business
Builder confidence in housing market dips 1 point in February
After stalling completely in January, builder confidence in new single-family homes was was virtually unchanged in February with a one-point decline to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index’s tipping point is 50. Once higher than 50, that indicates more builders have a good feeling about the […]
February 21, 2013
Business
Builder confidence in housing market stalls in January
After eight consecutive months of increase, rising to a six-year high in December, builder confidence for new single-family homes stalled at a level of 47 this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the improving conditions the housing market and an expected bright future for home sales […]
January 17, 2013
Construction Equipment
Is the construction industry recovering?
Construction employment increased by 14,000 in April. But, at 554 million jobs, construction industry employment was 9 percent lower than a year ago, according to U.S. Census Bureau reports. June 2010 construction spending was estimated at a SAAR of $836 billion, 0.1 percent above the May estimate but 7.9 percent below the June 2009 estimate. […]
September 7, 2010
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