Skip to main content

Construction Executives Give Future Thumbs-Up

Phil Hall
Mar 07, 2017

Construction industry executives are extremely optimistic on the state of their industry, according to the 2017 Construction Industry Forecast of contractors and equipment distributors released from Wells Fargo Equipment Finance.
 
The survey’s Optimism Quotient (OQ) for measuring industry sentiment reached 123 for 2017, its third-highest reading in 20 years. Contractors and distributors reported similar cost concerns: contractors were focused primarily on employee wages and other benefits (24 percent), taxes (21 percent) and healthcare costs (19 percent), while contractors were concentrating on distributors were concentrating on equipment costs (31 percent) and healthcare costs (22 percent).
 
“An OQ reading at this level leads us to believe that the industry will continue to build on the momentum generated over the last few years,” said John Crum, senior vice president and national sales manager of the Construction Group at Wells Fargo Equipment Finance. “Contractors have increasingly improved their businesses and this year looks to provide more opportunities to do that again.”
Published
Mar 07, 2017
400 Mortgage Loan Originators Caught Trying To Skip School

400 mortgage loan originators nationwide deceptively claimed to have completed their annual continuing education as required by state and federal law.

Industry News
Jan 19, 2022
Infamous Better.com CEO Is Back And Employees Are Upset

After a month-long hiatus or “break” as Garg likes to call it, the CEO is back at the helm of the company.

Industry News
Jan 19, 2022
Capacity Closes $38M In Series C Funding, Surpasses $62M In Total Capital Raised

AI-powered automation platform, Capacity, announced an additional $27 million in Series C funding, closing out the round at more than $38 million.

Tech
Jan 19, 2022
Millennials Are Still Powering The Housing Market

First American Financial Corporation's Potential Home Sales Model for Dec. 2021 revealed that millennial demand is propelling the housing market, thanks to low rates and increased geographic flexibility.

Analysis and Data
Jan 19, 2022
Open Mortgage Adds A Chief Revenue Officer

Scott Harkless will spearhead all wholesale and retail sales functions for the national multi-channel mortgage lender.

Industry News
Jan 19, 2022
Home Builder Confidence Dips Due To Inflation And Supply Chain Concerns

Home builder confidence in the market for newly built, single-family homes fell by one point to 83 in January 2022, according to the National Association of Home Builders and Wells Fargo's Housing Market Index report.

Construction
Jan 18, 2022