Saturday , 23 January 2021

Construction Industry Optimism at 20-year High

By Jann Swanson

Posted To: MND NewsWire

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…(read more)

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