US construction spending up 0.8 percent in October

As reported by Josh Boaz December 2013 U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects. But spending on home construction and commercial projects both fell. Overall construction spending increased 0.8 percent in October to a seasonally adjusted annual rate of…

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EHE Auctions Incorporates Research-Proven Strategy of Low Opening Bids

There’s an old adage that says numbers don’t lie, and representatives with EHE Auctions, say that based on statistics, the company is now incorporating the researched proven strategy of low starting opening bids. “Often you see auctions that will have an opening bid of 50 percent or 70 percent of the market value of the equipment,”…

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FInd Out Why EHE Auctions to Focus Solely On Reserve Auctions

Representatives with EHE Auctions announced today that it will now focus solely on reserve auctions rather than absolute auctions. Milissa Wise, Director of Operations for Expert Heavy Equipment, the parent company of EHE Auctions, which provides a marketplace for buying and selling used heavy construction and farm equipment, explained that the company made the decision to shift toward…

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Expert Heavy Equipment to Create Partnership with Dealers in the Middle East

Representatives with Expert Heavy Equipment today announced an initiative it has started in order to create strategic partnerships with heavy equipment dealers in the Middle East. Milissa Wise, Director of Operations for Expert Heavy Equipment, whose company’s priority is to provide the best equipment at the absolute best pricing, explained that the Middle East is currently a…

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Expert Heavy Equipment Now a Resource for Heavy Equipment Market Pricing

Representatives with Expert Heavy Equipment announced today that it is now a resource in which buyers and sellers of heavy construction or farm equipment can use to determine the fair market value. “We are a resource to get general market pricing whether they are buying and or selling,” said Milissa Wise, Director of Operations for…

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How is the Malaysian Market Affecting the Backhoe Demand?

The Wall Street Journal reported that Malaysia’s downward trend on exports is finally correcting itself; however, there is still a great deal of concern over the strained capital market. The Malaysian ringgit has steadily declined his past quarter.  The current-account surplus is still healthy but there is still concern over the pace of it’s decline.…

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CONSTRUCTION SPENDING TRENDS 2013 – 2014

Reed Construction Data is a leading construction information source that provides accurate and reliable project leads and marketing intelligence.  Early this year, they provided an extremely valuable outlook for the construction segment.  This outlook analyzed construction spending from 2005 – 2012, including future projections.  In the analysis, there were distinct changes in the total amount…

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Q2 2013 MARKET TRENDS – EXCAVATOR SEGMENT

Equipment Watch released their 2nd QTR 2013 Auction Results on Crawler Mounted Hydraulic Excavators.  During these last few months, there was an interesting shift in the pricing when Komatsu upset Caterpillar as the manufacturer with the HIGHEST average unit sale price.  Caterpillar has maintained this position for nearly two years previous to the change.  Contributors…

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