ELFA Fact Sheet: Equipment Finance in the Construction Industry

According to the U.S. Census Bureau:

  • During the first five months of 2012, construction spending amounted to $310.5 billion, 9.4% above the $283.8 billion for the same period in 2011.
  • New construction equipment orders totaled $49.9 billion in 2011, an improvement of 38.2% over 2010 levels.

According to information from the Equipment Leasing and Finance Association:

  • In 2011 the construction industry represented 5.9% of equipment financing new business volume reported by ELFA member companies, down from 6.1% in 2010.
  • In 2011 construction equipment represented 9.4% of equipment financing new business volume reported by ELFA member companies, up from 7.7% in 2010.

(More on equipment finance activity for 2011…)

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