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2019 — a year of continued optimism.

The Optimism Quotient (OQ) for 2019 is a very strong 122.

The Construction Industry Forecast summarizes the findings from a nationwide survey of construction executives, and the results show that contractors and equipment distributors have a very positive outlook for construction activity in 2019.

Hear from the experts. Replay the webcast.

A panel of economic and financing specialists share highlights of the 2019 survey.

Watch a replay of the webcast led by John Crum, national sales manager for Wells Fargo Equipment Finance Construction Group. Learn what contractors and distributors are expecting this year.

Where we’ve been. And where we are.

For the third consecutive year, the OQ remains very high. According to the survey, executives feel industry expansion is more likely than contraction.

To see how the OQ measures alongside common economic indicators, download the full PDF report.

Availability of qualified workers is a top concern in 2019

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The #1 concern in two categories
is the ability to hire qualified workers. 47% of contractor respondents cited this as their #1 cost concern, and 36% of overall respondents said this is the top risk to their business.
47%
CONTRACTOR RESPONDENTS
36%
OVERALL RESPONDENTS

Equipment purchases in 2019 look strong

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A large majority,
96%, of contractor respondents plan to purchase new or used equipment in 2019. Of those, 76% plan to maintain or increase their purchases of new equipment compared to 2018, and 75% say they will increase or maintain their level of buying used equipment in 2019.
96%
CONTRACTOR
RESPONDENTS
76%
NEW
75%
USED

Expect rental activity to remain the same or increase for 2019

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92% of contractors
said they plan to maintain or increase their level of rental activity, and 46% said flexibility is the primary reason they rent.
92%
RENTAL ACTIVITY
46%
FLEXIBILITY

Tariffs and interest rates may impact businesses

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62% of construction executives
believe that changing tariffs, and 85% of respondents expect that changing interest rates, could somewhat or greatly impact their business in 2019. In both categories, distributors expect to see a higher level of impact than contractors.
In spite of concerns, 90% of survey respondents are expecting net profits to remain the same or rise in 2019.
62%
TARIFFS
85%
INTEREST RATES

Building custom financing for you.

Construction Scenes

Wells Fargo Equipment Finance (WFEF) provides businesses nationwide with competitive fixed- and floating-rate loans and leases that cover a full range of commercial equipment, floor planning, and inventory financing. We have industry financing specialists dedicated to construction, energy, commercial and specialty vehicles, marine, rail, aircraft, and vendor financing programs.

We offer a broad range of direct and vendor finance programs for equipment end-users, distributors, and manufacturers in the United States and Canada. Wells Fargo Equipment Finance is a leading bank-affiliated equipment leasing and finance provider in the U.S. and Canada, with more than $48.9 billion in assets under management,1, 2 more than 314,000 customers, and 2,500 team members.3

Construction equipment financing

We have deep expertise in the construction industry and offer tailored financing and leasing solutions. Our nationwide coverage allows us...

We have deep expertise in the construction industry and offer tailored financing and leasing solutions. Our nationwide coverage allows us to connect our customers with the correct products to meet their financial needs and WFEF is a leading provider that offers complete, creative financial solutions for the entire industry. With end-user leases and loans, dealer retail referral programs, dealer rental fleet and floorplan financing, and manufacturer subsidized retail and inventory programs, we have products suited to your particular needs.

Contact us at 1-866-726-4714 or visit Wells Fargo Equipment Finance.

For more information and assistance, please contact your local representative.

U.S. construction contacts

U.S. inventory contacts

Vendor Financial Services contacts

See past survey results.

Forecast 2018

Forecast 2017

Forecast 2016

  1. 1. 2018 Monitor 100
  2. 2. Equipment financing transactions are provided in Canada by Wells Fargo Equipment Finance Company.
  3. 3. Company data as of June 2018.