Wells Fargo Construction Quarterly

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This has been an interesting and fruitful year in the construction business. By most measurements, the industry, and by default, it’s participants, are seeing increased activity in all the major segments. Contractors have seen strong levels of work, rental company revenues are up, equipment dealers are reporting good results, and manufacturers continue to report strong sales.

When we started the year, there were three things that we felt were going to be significant for the overall level of the U.S. economy, and the construction space in particular: tariffs, tax reform, and interest rates. In the second quarter edition of Construction Quarterly, Steve Nenn provided insight into the tariff situation. In the third quarter edition, Tom Reilly discussed tax reform. In this edition, Peter Gregory gives an overview of the impact of increasing interest rates. If you missed any of the previous overview, the material and content provided are still relevant and available. Let us know if you need a copy.

In the fourth quarter of every year, many of our clients ask us a similar question: “What advice would you give me as I head into year end?” Our answers tend to be similar regardless of the year, but this year the advice is particularly relevant given all of the changes that have taken place, as well as new lease accounting standards that begin for public companies in 2018, and private companies in 2019.

For the full report please click here. 

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