ELFA Fact Sheet: Equipment Finance in the Construction Industry

The Equipment Leasing and Finance Association's fact sheet takes an overview look at construction equipment financing for 2011 and 2012

Sales by major category for the construction rental industry in June 2012 shows aerial work platforms at the highest amount of sales.
Sales by major category for the construction rental industry in June 2012 shows aerial work platforms at the highest amount of sales.

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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