Business Edge

By Sarah Webb, Equipment Leasing & Finance Foundation Equipment and software investment growth slowed in early 2023, resulting in the Equipment Leasing & Finance Foundation lowering its

Source: Economics Group of Wells Fargo Bank, N.A.The EquipmentWatch Q1 Rental Update is available now. For most types of equipment, the market was stable with rental rates

Source: Economics Group of Wells Fargo Bank, N.A.Summary Our forecast anticipates a resilient consumer eventually losing steam later this year, helping to drive the economy into

Source: Economics Group of Wells Fargo Bank, N.A.Summary The sharp drop in the March LEI adds to a string of declines that marks the sharpest reversal

By Jordanne Waldschmidt | www.equipmentworld.com Could a looming recession be another arrow in the back for the construction industry’s already critical labor shortage? Construction is estimated to

By Ryan Whisner | www.equipmentworld.com Most equipment rental companies anticipate 2023 to continue the strength shown in 2022, amid the market volatility. According to the American Rental

Multifamily Drop Offsets Single-Family Strength Source: Economics Group of Wells Fargo Bank, N.A. Summary Strong Start to Spring Selling Season Bolsters Single-Family Construction Total housing starts

Source: Economics Group of Wells Fargo Bank, N.A.Summary The 0.4% rise in March industrial production was due entirely to a jump in utilities production after weather-related

Source: www.rbauction.com Ritchie Bros. April report, takes a deep dive into Q1 2023 results, including pricing & volume trends for most major construction, aerial, and transportation

By Ryan Whisner | www.equipmentworld.com Construction contractors are maintaining a strong sense of good profitability and growth in 2023 based on a current slate of seemingly full

Source: Economics Group of Wells Fargo Bank, N.A.Summary Macroeconomic Uncertainty Keeps the Pressure on CRE Valuations READ FULL ARTICLE>>

RALEIGH, N.C. | PRNewswire First-Citizens Bank & Trust Company (“First Citizens Bank”), a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc. (“First Citizens”) (Nasdaq: FCNCA), announced today that

Source: Economics Group of Wells Fargo Bank, N.A.Summary For the inflation optimists out there, the March CPI report delivered good news with total prices rising by

By Gigi Wood | Dodge Data & AnalyticsThe Dodge Construction Network today released its Momentum Index report for March 2023 The Dodge Construction Network today released its Momentum Index

Source: Economics Group of Wells Fargo Bank, N.A.Summary While some parts of the service sector demonstrate resilience to the fastest rate hikes in a generation, the

Source: Economics Group of Wells Fargo Bank, N.A.Summary Trade flows reversed in February, and a larger drop in exports than imports caused the U.S. trade deficit

Source: Economics Group of Wells Fargo Bank, N.A.Summary READ FULL ARTICLE>>

Another Drop in Residential Outlays Weighs on Total Spending Source: Economics Group of Wells Fargo Bank, N.A. Summary Single-Family Construction Drags Down Overall Construction Total construction

But Downward Revisions Take Some Shine Out of Prior Strength Source: Economics Group of Wells Fargo Bank, N.A. Summary Builders Continue to Find Success with Incentives

Source: Economics Group of Wells Fargo Bank, N.A.Summary Consumers may not love the present conditions, but a slightly more upbeat take on where things are headed

Source: Economics Group of Wells Fargo Bank, N.A.Summary Durable goods orders slipped again in February, and the trend in core capital goods orders is growing less

Manufacturing starts surge; single family, offsetting losses elsewhere By Garry Bartecki, GB Financial Services, LLC HAMILTON, NJ | March 21, 2023 — Total construction starts rose 6% in February

Source: Economics Group of Wells Fargo Bank, N.A.Summary Buyers Jump on Lower Mortgage Rates in February READ FULL ARTICLE>>

Summary Consumer price inflation did not show many signs of cooling in the February CPI. There were only a few positive developments in the data. Prices

Source: Economics Group of Wells Fargo Bank, N.A.Summary Exports increased in January for the first time in five months, but a resilient domestic economy helped power

By Garry Bartecki, GB Financial Services, LLC If you do not have the time to update financials monthly, outsource the process to a consultant. Time flies,

Source: Economics Group of Wells Fargo Bank, N.A.Summary Consumers’ confidence continued to wane in February. A tight labor market is keeping consumers feeling secure about their

Source: Economics Group of Wells Fargo Bank, N.A.Summary The ISM manufacturing index continues to flash contraction. Despite weaker activity, low demand and an increase in input

By Ryan Whisner EquipmentWatch’s latest Market Report states that the average full market value (FMV) for construction equipment in December 2022 was 0.8% lower compared to

Source: Economics Group of Wells Fargo Bank, N.A.Summary The drop in January durable goods was due entirely to a reversal in aircraft orders, and core capital