According to the Wells Fargo's 2017 Construction Industry Forecast, their Optimism Quotient (OQ), derived from the opinions of 10,000 construction industry executives, is the third highest it's been in 20 years. Additionally, 84% of the executives expect expansion in the coming year, up 35% from last year.
With a "business Friendly" regulatory environment, the looming possibilities of an infrastructure spending boom and a tightening of capital sources, asset financing and rental opportunities should remain solid for the foreseeable future. According to John Crum, National Sales Managers, Construction at Wells Fargo Equipment Finance, "industry players are looking out two years, and many believe that while 2017 will be a good year, 2018 will be even better, and this two year positive outlook is impacting the OQ significantly."*
The information provided above is general in nature and is not intended to represent specific investment or professional advice.
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