AD reports that member sales in the first three months of 2024 hit a record $19.5 billion, a 7 percent increase across AD’s 14 divisions and three countries.
The Marcum Commercial Construction Index for the first quarter of 2023 reports that the construction industry retains momentum despite still-elevated inflation and ongoing labor shortages.
AD is reporting that member sales in the first three months of 2023 reached a new Q1 record of $18.3 billion, an increase of 6 percent across 14 divisions and three countries.
FMI Corp. released its quarterly construction services outlook, titled “2023 M&A Outlook for Construction Services.” The outlook includes the company’s research on current trends that could affect how 2023 will look for construction services.
Last month, Ritchie Bros. conducted its largest-ever December auction in Texas, selling $86+ million of equipment and trucks for 800+ consignors in three days.
The Marcum Commercial Construction Index for the third quarter of 2022 reports that the construction industry remains constrained by labor shortages and elevated materials prices, but now also faces a rapidly deteriorating economic outlook and severely elevated borrowing costs. While some construction segments retain momentum, there are signs that broader economic weakness have begun to drag on the industry.
On Oct. 27, the Equipment Leasing & Finance Foundation released the Q4 update to its 2022 Equipment Leasing & Finance U.S. Economic Outlook, forecasting 5.9 percent growth in equipment and software investment and 1.8 percent growth in GDP this year.
GMS Inc., a North American specialty distributor of interior building products, today reported financial results for the fourth quarter and fiscal year ended April 30, 2019.