The Business Case for Construction Equipment Finance: Factors Driving Construction Forward Against Other Economic Headwinds
Thanks to a plethora of government initiatives and legislation, spending on construction projects has been steadily rising despite other economic challenges, opening up opportunities for equipment financiers.
A massive increase in interest rates, a rise in asset values driven by inflation and a dramatic fall in home purchasing activity normally would be all the evidence needed to pull back on portfolio concentration in construction. But these are not normal times.
Since 2020, government spending has been on the rise, with several major pieces of legislation fueling construction growth, including: