Wells Fargo Construction

Tempe, AZ 85306

Company Details
Years in business:Since: 1852
Number of employees:10001+
1540 West Fountainhead Parkway
Tempe, AZ 85306
US
https//www.wellsfargo.com/
Phone:480-784-2363
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 8,050 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the US. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Articles & News
June 2021 Us Housing Starts Permits
Home Building Regains Momentum as Building Permits Fall to Eight-Month Low
June new-home construction and apartment development exceeded expectations, after May results were revised lower, with single family growth centered in the South and Northeast
July 20, 2021
Wf Pandemic General Influence A
Why a V-Shape Services Recovery from Coronavirus is Vital to Main Street
Small businesses of the service sector were disproportionately crushed by COVID protection efforts, and underserved by key PPP federal support spending
May 28, 2020
Us Housing Starts Permits March 2020
March US Housing Starts Fall Most Since 1984, in Line with Pandemic Expectations
The number of multifamily units currently under construction -- overwhelmingly rental apartments -- will create an avalanche of new supply later this year and in early 2021
April 16, 2020
Dec Us Single Multi Family Housing Starts 012020
Mild December Launches US Housing Starts to 13-year High
Single-family starts jumped 11.2% to more than a 1M-unit annual pace and multifamily starts surged 32.0% to a 33-year high
January 20, 2020
U.S. public construction spending rose 4.8% in April to a record high of $344.6 billion to to balance the steepest drop in private construction outlays in six years.
Government Spending Spree Still Counterbalancing Housing Slide
The value of construction put in place held fast in April, with a 4.8% surge in public spending managing to match falling private residential and nonresidential sectors
June 3, 2019
Rental
Wells Fargo: Rentals on the Rise
Among the survey’s findings, 63% of distributors and rental companies are renting out more construction equipment in 2019 than a year ago
April 9, 2019
Products & Press Releases
Aug2021 Us Housing Starts Detail
Surging Multifamily Housing Starts Propel August to Beat Forecasts
The second month of sliding single-family home starts is attributed not to cooling demand, but uncertain supply of materials and labor
September 21, 2021
Wells Fargo1
Jobless Claims Point to Further U.S. Employment Declines in May
The rate that weekly initial jobless claims are shrinking may be leveling off at a substantial level, but continuing claims just barely rose
May 14, 2020
While starts fell 3.6%, January’s 1.57 million-unit pace was the second strongest pace of the expansion.
January US Housing Starts Fall to a Lofty Spot
US housing starts in January fell 3.6%, but their 1.57 million-unit annual pace easily beat consensus expectations and is the second strongest of this expansion
February 19, 2020
U.S. real GDP grew at an annualized rate of 3.2% in Q1 2019, relative to the previous quarter, but unintentional inventory build, temporarily depressed imports and weak final sales to private domestic purchasers suggest future headwinds.
US GDP Growth Not Quite as Strong in Q1 as Headline Suggests
Wells Fargo expects stable interest rates as economic components such as a 6-year low in growth of final domestic sales suggest underlying details weaker than overall GDP growth
April 26, 2019
Through the third quarter of 2018, demand for apartments has already eclipsed the demand registered in 2017 in its entirety, and effective rents have risen at the fastest pace since 2016.
Fundamentals Support Hot Commercial Real Estate
Climbing commercial property prices are not dissuading investors, as low vacancy rates suggest ongoing demand
November 28, 2018
Home Affordability
Disappointing US Home Sales Tamp Down 2018 Recovery Hopes
While home affordability is high nationally, it’s perilously low in regions that are holding up national job growth
April 6, 2018
Videos & Resources
2016 Construction Industry Forecast from Wells Fargo Equipment Finance
Wells Fargo releases its 2016 Construction Industry Forecast
January 19, 2016
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Video: Wells Fargo 2014 Construction Industry Forecast Results
Wells Fargo Equipment Finance's John Crum recaps the highlights from the 2014 Construction Industry Forecast
February 26, 2014
Wells Fargo Equipment Finance 2014 Construction Industry Forecast
Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in compared to the prior year
February 26, 2014
03132013 Wells Fargo2013 Outlook
2013 Wells Fargo Construction Industry Forecast
Wells Fargo's survey of 347 construction-industry executives from all levels of the U.S. construction industry measures expectations for many aspects of the year's construction activity
March 13, 2013
Wells Fargo Securities Weekly Economic & Financial Commentary, August 24, 2012
Wells Fargo confirms that the housing recovery endures, with sales growing in regions where foreclosed inventories have fallen
August 29, 2012
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More from Wells Fargo Construction
Aug2021 Us Housing Starts Detail
Surging Multifamily Housing Starts Propel August to Beat Forecasts
The second month of sliding single-family home starts is attributed not to cooling demand, but uncertain supply of materials and labor
September 21, 2021
June 2021 Us Housing Starts Permits
Home Building Regains Momentum as Building Permits Fall to Eight-Month Low
June new-home construction and apartment development exceeded expectations, after May results were revised lower, with single family growth centered in the South and Northeast
July 20, 2021
Wf Pandemic General Influence A
Why a V-Shape Services Recovery from Coronavirus is Vital to Main Street
Small businesses of the service sector were disproportionately crushed by COVID protection efforts, and underserved by key PPP federal support spending
May 28, 2020
Wells Fargo1
Jobless Claims Point to Further U.S. Employment Declines in May
The rate that weekly initial jobless claims are shrinking may be leveling off at a substantial level, but continuing claims just barely rose
May 14, 2020
Us Housing Starts Permits March 2020
March US Housing Starts Fall Most Since 1984, in Line with Pandemic Expectations
The number of multifamily units currently under construction -- overwhelmingly rental apartments -- will create an avalanche of new supply later this year and in early 2021
April 16, 2020
While starts fell 3.6%, January’s 1.57 million-unit pace was the second strongest pace of the expansion.
January US Housing Starts Fall to a Lofty Spot
US housing starts in January fell 3.6%, but their 1.57 million-unit annual pace easily beat consensus expectations and is the second strongest of this expansion
February 19, 2020
Dec Us Single Multi Family Housing Starts 012020
Mild December Launches US Housing Starts to 13-year High
Single-family starts jumped 11.2% to more than a 1M-unit annual pace and multifamily starts surged 32.0% to a 33-year high
January 20, 2020
U.S. public construction spending rose 4.8% in April to a record high of $344.6 billion to to balance the steepest drop in private construction outlays in six years.
Government Spending Spree Still Counterbalancing Housing Slide
The value of construction put in place held fast in April, with a 4.8% surge in public spending managing to match falling private residential and nonresidential sectors
June 3, 2019
U.S. real GDP grew at an annualized rate of 3.2% in Q1 2019, relative to the previous quarter, but unintentional inventory build, temporarily depressed imports and weak final sales to private domestic purchasers suggest future headwinds.
US GDP Growth Not Quite as Strong in Q1 as Headline Suggests
Wells Fargo expects stable interest rates as economic components such as a 6-year low in growth of final domestic sales suggest underlying details weaker than overall GDP growth
April 26, 2019
Rental
Wells Fargo: Rentals on the Rise
Among the survey’s findings, 63% of distributors and rental companies are renting out more construction equipment in 2019 than a year ago
April 9, 2019
Rental Remains Strong Amid Slowing Construction and GDP
Equipment rental market observers have for some time been bracing for a correction in the current growth trajectory, but so far, it has yet to come. In fact, the latest predictions are for still more industry expansion, albeit at a slightly slower pace.
March 26, 2019
Through the third quarter of 2018, demand for apartments has already eclipsed the demand registered in 2017 in its entirety, and effective rents have risen at the fastest pace since 2016.
Fundamentals Support Hot Commercial Real Estate
Climbing commercial property prices are not dissuading investors, as low vacancy rates suggest ongoing demand
November 28, 2018
Home Affordability
Disappointing US Home Sales Tamp Down 2018 Recovery Hopes
While home affordability is high nationally, it’s perilously low in regions that are holding up national job growth
April 6, 2018
February 2018 Us Housing Starts
US Housing Starts Slip In February
The 7.0% drop was all caused by the volatile multifamily sector’s 26.1% plunge, counterbalanced by a 2.9% rise in single-family starts
March 22, 2018
Most forecasts anticipate another year of modest U.S. housing recovery. Sales of new and existing homes are expected to rise modestly, and new home construction should post gains similar to 2016.
Five Questions Critical to US Housing Market Growth in 2017
Recent job and income growth lifted consumer confidence and nudged some into buying homes but how might affordability and first-time buyer reluctance impinge on 2017 growth?
January 5, 2017
Wells Fargo Extends Financing Relationship with Doosan Businesses
Doosan’s agreement with Wells Fargo Vendor Financial Services strengthens its financing program and provides competitive, comprehensive financing solutions for more than 500 dealers and thousands of their customers across the United States and Canada.
September 12, 2016
Contractors' and equipment dealers' optimism for 2016 business remains very strong (an Optimism Quotient of more than 100 represents strong optimism for increased local construction activity), but has slipped from 2015's 18-year peak. Scores of 75 to 99 represent cautious optimism. A score below 75 signals that fewer executives say local construction activity will increase than say it will decrease.
Optimism Softens Among Construction Industry Executives Despite Bullish Outlook
Wells Fargo's 2016 Construction Industry Forecast sees Optimism Quotient weaken despite upbeat views about local construction, profits, two-year outlook
January 19, 2016
2016 Construction Industry Forecast from Wells Fargo Equipment Finance
Wells Fargo releases its 2016 Construction Industry Forecast
January 19, 2016
55% of respondents to Wells Fargo's construction survey believe non-residential activity will increase compared to 2013.
Optimism for 2014 Construction Activity Growth Hits Record High
Wells Fargo survey of construction professionals registers highest Optimism Quotient off all time, with 55% of respondents expecting more nonresidential and residential construction
February 26, 2014
Sddefault 11319175 jpg
Video: Wells Fargo 2014 Construction Industry Forecast Results
Wells Fargo Equipment Finance's John Crum recaps the highlights from the 2014 Construction Industry Forecast
February 26, 2014
Wells Fargo Equipment Finance 2014 Construction Industry Forecast
Construction contractors and equipment distributors are optimistic that local non-residential construction activity will improve in compared to the prior year
February 26, 2014
Rental Factors
Over 90% of Contractors Plan to Rent in 2014
According to the 2014 Construction Industry Forecast by Wells Fargo Equipment Finance, equipment rental will remain strong in 2014, with 91.2% of surveyed contractors indicating they intend to rent equipment this year
February 26, 2014
03132013 Wells Fargo2013 Outlook
2013 Wells Fargo Construction Industry Forecast
Wells Fargo's survey of 347 construction-industry executives from all levels of the U.S. construction industry measures expectations for many aspects of the year's construction activity
March 13, 2013
Wellsfargo 10893372
Wells Fargo Releases Optimistic Construction Industry Forecast for 2013
Construction Optimism Quotient is at 106, marking a second year of industry optimism, and most contractors expect residential activity to increase
March 13, 2013