Home

Construction Industry Optimism at 20-year High

While its ultimate focus is the future
of the construction equipment business, Wells Fargo’s Equipment Finance
division has some predictions for residential construction as well.  The company’s 2015 Construction Industry Forecast, presents results of a survey it
has conducted for the last 19 years of industry executives representing large
and small contractors as well as equipment distributorships and equipment rental
companies. 

Wells Fargo’s survey attempts to track
industry optimism
using what it calls the Optimism Quotient (OQ).  John Crum, National Sales Manager for the
Equipment Finance Construction Group said that, after tumbling to an all-time
low of 42 in January 2009, the OQ has climbed steadily, reaching new highs in
three of the last four years and landing this year at 130, up six points from
2014.   

 

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Comments are closed.