Wells Fargo Construction

Wellsfargo 108933721 10893412

1540 West Fountainhead Parkway

Tempe, AZ 85306

USA

https://www.wellsfargo.com/

Phone:480-784-2363

Editorial Contact: Greg Giauque
greg.p.giauque@wellsfargo.com

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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

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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

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

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

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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

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

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

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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

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.

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

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

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

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?

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.

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

2016 Construction Industry Forecast from Wells Fargo Equipment Finance

Wells Fargo releases its 2016 Construction Industry Forecast

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

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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

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

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

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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

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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

"Dump Hunger" Campaign to Celebrate Fifth Year by Filling Five Dump Trucks with Food

Western States CAT, Albertsons and Wells Fargo seek to raise 375,000 lbs. of food for local food banks

Initial jobless claims remained stuck around the 365,000 level, suggesting that the current slow pace of job gains is here to stay. Durable goods orders rose a solid 4.2 percent in July. With that data, Wells Fargo left its GDP forecast unchanged for the week (August 24, 2012).

Wells Fargo Reads Encouragement in July Housing Numbers

Regional control of foreclosed inventory spurs July sales growth, continuing the housing market's slow recovery