Measure’s modest amount of funding for infrastructure projects and clarification that PPP loans may not be taxed will help offset some of the challenges facing the construction industry. The Associated General Contractors of America’s chief executive officer, Stephen E. Sandherr, issued the following statement in reaction to the release of compromise coronavirus relief legislation: “The new [...]
Season's Greetings from all of us at IronTek. Here's hoping Santa brings a great 2021.
Weakness in residential and nonbuilding activity overwhelmed nonresidential building strength NEW JERSEY — December 16, 2020 — Total construction starts fell 2% in November to a seasonally adjusted annual rate of $797.5 billion following a strong gain in October. Residential starts fell 7% during the month, while nonbuilding starts dropped 14%. Nonresidential building construction starts, however, [...]
Pricing for excavators held steady in 2020 according to the latest Richie Bros. Used Equipment Market Trends Summary. In the first three quarters of 2020, median prices on excavator sales ranged from $50,000 in the first quarter to $47,000 in the third quarter. Top selling excavator brands: Caterpillar, Komatsu, John Deere, Volvo Top selling excavator makes: [...]
Lifting and material handling equipment sales show steady, but lower pricing through the first three quarters of 2020 according to the Decmeber Richie Bros. Used Equipment Market Trends Summary, available here. Looking at three year trends, from 2017 - 2020, and model years of 2010 and newer, Richie Bros. shows the following sales data for Boom [...]
Rental rates have held up better than expected, with rental rate data holding strong through November 15th, according to research from M Science, as shared on For Construction Pros. M Science tracks general rental rates for over 600 equipment SKUs at over 1,000 United Rentals’, Sunbelt Rentals’, and Herc Rentals’ branch locations to understand how rental [...]
Houston-The Woodlands-Sugar Land and Brockton-Bridgewater-Easton, Mass. Have Worst 12-Month Losses, While Dallas-Plano-Irving, Texas and Walla Walla, Wash. Lead in Construction Job Increases According to the Associated General Contractors of America, Only 30 percent of the nation’s metro areas added construction jobs in the past year, according to an analysis of new government data that the Associated [...]
Demand For Most Types of Nonresidential Projects Remains Flat Amid COVID-Uncertainty, Dwindling State and Local Budgets and the Lack of New Federal Coronavirus Relief Measures, Putting Jobs at Risk The construction industry’s fortunes continued to diverge in October, as residential construction expanded again while nonresidential construction remained largely unchanged from a month ago and is down [...]
Lifts for Artists, created by IronTek Solutions, was designed to provide artists with affordable equipment rentals that are needed for the installation of art projects. The program allows visual and performing artists, and the organizations that hire them to receive deeply discounted rental rates during the production of local art. From murals and sculptures to local [...]
The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 billion in the United States. However, the latest forecast released by the association on Nov. 12 calls for modest overall growth in 2021, ticking up 0.3 percent to $48.9 billion, before [...]
