✖ Construction Reporter

Show Password Forgot Password?

Not a Member? Start a free-trial today!
Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy

Equipment Leasing Activity Shows Slight End-of-Year Increase

2/4/2021

0 Comments

 
Picture
Construction equipment leasing and sales are expected to increase for the duration of 2021, despite the presence of the Covid pandemic.

So says a new report issued by the Washington-based Equipment Leasing and Finance Association, noting that the “propensity to finance equipment is higher than it is has been over the last two to three years,” fueled in part by declining long-term interest rates.

The report also says that construction equipment investment will be aided in the coming months by an “increased demand for single-family homes.”

Forecasting an overall nearly 8% growth in equipment leasing activity for the year, the ELFA report is also bullish about the nation’s Gross Domestic Product growth for 2021, which it pegs at 4.7%.

That GDP growth, adds the report, “will be weighted toward the second half of the year once vaccines are widely available.”

A separate report issued by the group showed that for the month of December new business volume in equipment leasing was equal to $12.1 billion, significantly up from November’s $7.3 billion.

But last year’s overall business volume was down by almost 6% compared to 2019.
​
For the duration of 2021 different types of equipment will be in demand for different kinds of businesses and services, largely framed by Covid-19. Technology upgrades for those who are working virtually, “will be among the wide-ranging impacts in the wake of the pandemic.”

​By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy