Report: 2019 record year for supertall construction
Construction Dive
DECEMBER 13, 2019
At 1,739 feet, the Tianjin CTF Finance Centre in China was the tallest building completed in 2019.
Equipment Finance Group Reports Boost in Construction Equipment Financing
Construction Equipment
SEPTEMBER 11, 2019
The Equipment Leasing and Finance Association (ELFA) has released its 2019 Survey of Equipment Finance Activity reporting overall new business volume grew 4.4 percent in the equipment finance industry in 2018. Also in the report, in 2018: Construction equipment represented 13.9 percent of…
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Register now for the 2019 Digital Construction Roadshow!
Viewpoint Construction Technology
JANUARY 30, 2019
The 2019 Product Roadshow visits 4 cities to present our Viewpoint One strategy in a series of interactive, educational, and networking sessions – Read on to see why you should attend. We highly recommend that at least one, or more representatives from your finance and project teams attend this informative event. Why Attend?
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Finance Industry Grows for 10th Year; Then Covid
Construction Equipment
SEPTEMBER 16, 2020
The Equipment Leasing and Finance Association, while recognizing the recent effects of the coronavirus pandemic, reported growth in new business for 2019 of 10.5 percent, the 10th consecutive year that “businesses increased their spending on capital equipment,” it said. The data, part of ELFA’s …
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Leasing, Finance Volume Up in October
Construction Equipment
NOVEMBER 23, 2020
Overall new business volume for leasing and financing equipment was up in October compared to September, but down for the year compared to 2019, according to the Monthly Leasing and Finance Index (MLFI-25). The Equipment Leasing and Finance Association publishes the Index, which reports on the…
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Mortgage Rates Highest Since October 2019
Pro Builder
FEBRUARY 7, 2022
Mortgage Rates Highest Since October 2019. Following strong employment in January, the most prevalent 30-year fixed mortgage rate is steadily rising toward 4.0%, the highest since October 2019, Bill McBride reports in the CalculatedRisk Newsletter. Housing Policy + Finance. Housing Policy + Finance. Affordability.
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First-Time Buyers Are Choosing Conventional Over FHA Financing
Pro Builder
MARCH 1, 2021
First-Time Buyers Are Choosing Conventional Over FHA Financing. Just 24% of first-time buyers went with an FHA loan in January while 59% of first-time buyers obtained conventional financing, reports the National Association of Realtors. In 2020, 57% of first-time buyers chose conventional financing—a 5% jump from 2019.
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Top new skyscrapers for 2019: Salesforce Tower named best worldwide, Ping An Finance Center best 'supertall'
BD+C
APRIL 11, 2019
Fifteen skyscraper projects were honored this week with design and innovation awards from the Council on Tall Buildings and Urban Habitat (CTBUH) at the group's 2019 Tall + Urban Innovation Conference in Shenzhen, China. This is the 17th year CTBUH has formally recognized the world's top new tall buildings. .
New Leasing Index Down in November
Construction Equipment
DECEMBER 21, 2020
Business was down 7 percent compared to November 2019, and cumulative volume is off 6 percent to 2109. The numbers are part of the Equipment Leasing and Finance Association’s (ELFA)… Overall new leasing business was down 21 percent in November to $7.3 billion, after posting $9.3 billion in October.
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Leasing Activity Continues Down
Construction Equipment
JUNE 25, 2020
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed new business volume for May was $6.7 billion, down 26 percent year-over-year from May 2019. Volume was down 18 percent month-to-month from $8.2 billion in April. Year-to-date, cumulative new…
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Leasing Volume Up 28 Percent over 2019
Construction Equipment
FEBRUARY 26, 2020
January new business volume was up 28 percent over January 2019, according to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25). Using numbers reported by 25 companies across the $900 billion equipment finance sector, the index showed their overall new…
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Software Technology for Construction Firms
Construction Marketing
SEPTEMBER 25, 2019
Software technology is evolving rapidly and construction firms are embracing Cloud Adoption, Accounting/Finance, CRM and mobile technologies. The C-Suite Software Sentiment Study was recently conducted (May 2019) and surveyed over 500 executives in construction and other industries, and all geographic locations.
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VIDEO: ELFA Announces 2019 Top 10 Equipment Acquisition Trends
Construction Equipment
JANUARY 30, 2019
The Equipment Leasing and Finance Association (ELFA) revealed its Top 10 Equipment Acquisition Trends for 2019. ELFA used the Equipment Leasing & Finance Foundation’s research, along with member input… According to the association, these trends impact a significant portion of the U.S.
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Maryland Schools will No Longer be LEED Certified
Green Building Law Update
DECEMBER 8, 2019
Existing State Finance and Procurement Code Section 4-809(f) was amended adding new section (6), providing in relevant part, the Maryland Green Building Council shall: “(6) develop guidelines for new public school buildings to achieve the equivalent of the current version of the U.S. But no longer.
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Leasing Business Jumps 24% in September
Construction Equipment
OCTOBER 23, 2020
Overall new business volume in the equipment-finance sector rose 24 percent in September to $8.7 Compared to September 2019, volume was down 13 percent. billion, compared to $7.0 billion in August. Additionally, credit approvals totaled 72.9 percent, up from 71.0 percent in August. The data comes…
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3 Keys for Contractors to Navigate New Revenue Recognition Standards
Viewpoint Construction Technology
JUNE 5, 2018
Nonpublic entities must begin doing so in 2019. Now that even closer tracking of projects is required, finance and operations need to be closely connected. First, contractors need to know the timeline of the new changes and what the standard includes. The end of the year might sound far off, but the time to begin adjusting is now.
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Equipment Leasing & Finance Foundation Elects Officers and Trustees, Presents Research Award
Construction Equipment
DECEMBER 5, 2018
The Equipment Leasing & Finance Foundation announced its 2019 Board of Trustees. Board Officers serving are: Jeffry Elliott, Senior Managing Director, Huntington Equipment Finance, as Chairman Scott Thacker, Chief Executive Officer, Ivory Consulting Corporation as Vice Chairman Nancy…
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EPA Announces New WIFIA Funding for Water Infrastructure
Contractor Magazine
APRIL 2, 2019
EPA Administrator Andrew Wheeler announced an estimated $6 billion in Water Infrastructure Finance and Innovation Act (WIFIA) loans in 2019.
As More Women Enter the Construction Industry, Just 3% Work on Jobsites
Pro Builder
DECEMBER 8, 2020
The top three most common jobs for women to have in the construction industry are administrative positions, sales, and management, business, and finance, according to numbers from the Bureau of Labor Statistics. Still, men make up the majority of sales and management, business, and finance positions. Construction Dive says roughly 1.2
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How Down Payment Loans Affect the Housing Market
Pro Builder
OCTOBER 15, 2021
Many first time buyers depend on mortgage loans financed by the Federal Housing Administration, whereas sellers in a tight market are looking for home shoppers with the “highest down payment, a near perfect credit score, and the ability to outbid others,” according to Zonda Chief Economist Ali Wolf. . New-Home Marketing. Housing Markets.
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Making Sense of the Construction Tax Landscape
Viewpoint Construction Technology
FEBRUARY 14, 2019
One of the biggest challenges that contractors’ finance and accounting departments face is keeping up with all of the ever-changing tax regulations, incentives and procedures. Staying on top of tax issues is a full-time job, but one that can ensure your company stays compliant with the law, and maximizes benefits and incentives. A Tax Review.
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5 Ways to Prepare for New Revenue Recognition Standards
Viewpoint Construction Technology
APRIL 17, 2018
Although nonpublic entities must begin implementing the new standards for the 2019 calendar reporting year, less than 25 percent of companies are ready to do so. An integrated, construction-specific ERP connects finance, accounting and operations, making it much easier to share data between teams and effectively collaborate on projects.
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How Rent Control May Actually Be Hurting Cost-Burdened Tenants
Pro Builder
JUNE 12, 2023
Most concerning is the Housing Stability and Tenant Protection Act (HSTPA) of 2019, which introduced additional regulations for rent stabilized apartments. Read more Affordability Housing Policy + Finance Government + Policy Housing Policy + Finance
How Rent Control May Actually Be Hurting Cost-Burdened Tenants
Pro Builder
JUNE 12, 2023
Most concerning is the Housing Stability and Tenant Protection Act (HSTPA) of 2019, which introduced additional regulations for rent stabilized apartments. Read more Affordability Housing Policy + Finance Build to Rent Housing Policy + Finance
Contractor sought for CA$1.4B British Columbia bridge
Construction Dive
SEPTEMBER 6, 2018
The procurement process is underway as the province's search for a firm to design, build and partially finance the Vancouver-area Pattullo Bridge replacement continues in hopes of a summer 2019 start.
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67 Maryland Reverting to Certifiable In Lieu of Certified Green Building
Green Building Law Update
JUNE 9, 2019
Existing State Finance and Procurement Section 4-809(f) was amended adding new section (6), providing in relevant part, the Maryland Green Building Council shall: (6) Develop guidelines for new public school buildings to achieve the equivalent of the current version of. Comments are being accepted online through June 18, 2019 at [link].
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168 ESG Disclosure Simplification Act Passes Committee But Will Fail
Green Building Law Update
OCTOBER 13, 2019
On September 20, 2019, the Financial Services Committee in the U.S. 4329, the ESG Disclosure Simplification Act of 2019. 4329, the ESG Disclosure Simplification Act of 2019 , is not only all but certain, but is not a bad thing. House of Representatives passed H.R. The failure of H.R.4329,
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Increasing Number of Prospective Buyers Are Turning Active
Pro Builder
FEBRUARY 10, 2021
Between the fourth quarters of 2019 and 2020, significantly larger shares of Millennials (46% to 65%) and Gen X’ers (43% to 57%) planning to buy a home have become engaged and are actively searching for a home. During the fourth quarter of 2020, 15% of adults were considering a move in the next 12 months, according to a NAHB survey.
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The Housing Market Is Hitting a Turning Point, but Where Will It Go From Here?
Pro Builder
JUNE 2, 2022
The number of new listings rose 8% in May, the first gain since June 2019, though inventory remains at a historic low nationwide, Realtor.com reports. Combined with rising mortgage rates (now over 5%), the cost of financing a home is up 50% over a year ago. Thu, 06/02/2022 - 10:41.
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Bidding Wars Wane as First-Time Buyers Stop Looking
Pro Builder
SEPTEMBER 27, 2021
During the first eight months of 2021, the first-time buyer share averaged just 31% compared to 33% in 2020 and 32% in 2019 (pre-pandemic). Among buyers, 25% also waived the appraisal contract contingency, which indicates that these buyers are not obtaining mortgage financing. in 2019. . in 2019. . in 2020 and 5.2%
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ELFF May Confidence Index Improves
Construction Equipment
MAY 17, 2019
The Equipment Leasing & Finance Foundation released the May 2019 Monthly Confidence Index for the Equipment Finance Industry, reporting an improvement in May to 59.2, up from the April index of 58.3. When asked to assess business conditions over the next four months, 16.1 percent of executives…
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Fall Conferences 2019: Top Takeaways
Stok
OCTOBER 30, 2019
s Director of Planning, Capital One’s SVP of Multifamily Finance, and JBG SMITH’s EVP of Social Impact Investing explored how the regional tech influx has exacerbated the local housing crisis and what innovative solutions there may be, as explored in ULI’s recent Housing Supply and Attainability report. Net Zero 2019 | Los Angeles, CA. #9:
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Norway to Build World's First Ship Tunnel
Construction Equipment
APRIL 10, 2017
Last week, Norwegian Transportation Minister Ketil Solvik-Olsen announced financing for the long discussed Stad Ship Tunnel is in place and will begin construction in early 2019.
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How Excessive Design Standards Hurt Home Affordability
Pro Builder
OCTOBER 1, 2020
billion in building products in 2019. NAHB analysis of government data indicates new single-family and multifamily construction used about $94.9 Although the vast majority of that amount was produced domestically, supporting jobs in the U.S. manufacturing sector, roughly $6.1 billion was imported from other countries. Codes + Standards.
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ReportL 2020 Sees Dip in Tall Building Completions
Construction Junkie
JANUARY 21, 2021
While 2019 broke the record for most supertall buildings , defined as 300 meters or more in height, it saw a 13.7% 2020 continued the trend of less tall buildings, with a 20% decline versus 2019, but that shouldn’t be all that surprising given the year we had last year. 133 in 2019), with 21 of those being supertall buildings.
What an Increase in All-Cash Sales Says About These Markets
Pro Builder
DECEMBER 14, 2020
All-cash sales make up 36% of the total market, only a slight increase from 2019. While the rise of overall all-cash sales are not greatly higher than a year ago, some markets are experiencing more dramatic increases. In the Northeast and West, all-cash sales increased by 3% and 2% respectively. Read More. . Market Data + Trends.
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The Fed Just Paused Interest Rate Hikes—What Does That Mean for Home Prices?
Pro Builder
JUNE 20, 2023
There were just 392,000 homes listed for sale in April 2023, down from 498,000 in April 2022 and well below the 552,000 recorded in April 2019. Read more Market Data + Trends Financing Affordability Market Data + Trends Buoyancy in the national average home prices is largely due to record-low inventory levels.
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Covid Looms Over Leasing Outlook
Construction Equipment
MARCH 24, 2020
Although the Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) was up over 2019 numbers in February, association leaders caution that Covid will “put a damper” on growth in coming months. Separately, the Equipment Leasing & Finance Foundation’s…
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NAHB New Chair to Tackle Regulation and Promote Trades
Pro Builder
AUGUST 3, 2020
The TBBA has twice named him Builder of the Year, and in 2019 the FHBA inducted him into the Florida Housing Hall of Fame. higher through May compared with the first five months of 2019—metrics consistent with NAHB’s forecast that housing will be a leading sector in an emerging economic recovery. . New Single-Family Home Inventory.
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If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages
Pro Builder
APRIL 5, 2021
This is a 9% increase from 2019. Realtor.com says borrowers with credit qualifications outside of the stellar category are finding fewer lenders willing to approve their applications. In 2020, 70% of issued mortgages were given to those with credit scores of at least 760. Read More. . Market Data + Trends. Market Data + Trends.
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New NIBS report evaluates natural disaster mitigation strategies
BD+C
MAY 8, 2020
The National Institute of Building Sciences has released: “ Mitigation Saves 2019 Report.”. Its goal is to help communities, building owners, and representatives in the private finance, insurance, and real estate industries initiate a greater mitigation dialogue.
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Where Were the Homeownership Gains?
Pro Builder
OCTOBER 13, 2021
Households under 35 years old experienced the fastest growth in homeownership than any other age group during 2019. Households under 35 years old experienced the fastest growth in homeownership than any other age group during 2019, according to the Federal Reserve Board.
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A Quarter of Existing Homes Sold in April Went to All-Cash Buyers
Pro Builder
MAY 25, 2021
According to data from the National Association of Realtors, the share of all-cash offers reached 25% last month, compared to 15% in 2020 and 20% in 2019. With low mortgage rates, homebuyers who intend to rent out the property are taking advantage of low mortgage rates to finance the acquisition of the property. Read More. .
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Moody's Analytics: 210 Regional Housing Markets Were Overvalued by More Than 25% in the 2nd Quarter of 2022
Pro Builder
SEPTEMBER 27, 2022
Back in the second quarter of 2019, just three major regional housing markets were considered significantly "overvalued.". Housing Policy + Finance. Housing Policy + Finance. Simply put: In just under three years, the U.S. Housing Markets.
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