Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in 2014, according to a recent survey by Wells Fargo Equipment Finance, a subsidiary of Wells Fargo & Company.
As part of its 2014 Construction Industry Forecast, Wells Fargo’s construction Optimism Quotient– the survey’s primary benchmark for measuring contractor and equipment distributor sentiment – is at a historic high of 124, up 18 points from 106 in 2013 and up from the survey low of 42 in 2009.
The strong sense of optimism about construction activity is a natural contributor to the upward trends in construction equipment acquisition and rental we expect to see in 2014, the study revealed.
In fact, unit counts of light and heavy construction equipment sold in the U.S. correspond quite well with the curve of the Optimism Quotient over the last 10 years.”
Here at Expert Heavy Equipment (EHE), we pride ourselves in being able to provide the best used heavy construction equipment available on the market.
This survey marks the 38th year in which Wells Fargo Equipment Finance and its predecessors have published primary research findings for the infrastructure construction industry.
The survey includes responses from 522 construction industry executives from across the U.S.
This year’s increase in the OQ marks the third consecutive year with an optimistic reading.
An Optimism Quotient over 100 is considered optimistic sentiment towards year-over-year improvement in local non-residential construction activity.
Now that you have proof that optimism is high, EHE is the right place to get what you need.
As a matter of fact, when it comes to getting a great deal on used heavy equipment, EHE is the most competitive wholesaler of used heavy construction equipment, meaning we offer “true” wholesale pricing on all of our heavy equipment.
For more information, contact us direct, www.experthe.com
