Abba Equipment Leasing, a leader in innovative, custom lease and finance packages, shares the enthusiasm of economic forecasters who anticipate continued high demand in the construction industry. The expert consensus is that the industry will experience rising demand through this year and the next. To that end, Abba Equipment Leasing is well positioned to connect government and private contractors with the equipment they need to get work done, no matter how much or how rapidly demand increases.
“We expect a rise in lease and finance requests from both new and established clients for the remainder of 2016,” explains Abba Equipment Leasing Founder Richard Reichmann. “Despite stock market ups and downs, the economy as a whole is in good shape, and we’re pleased to help companies take full advantages of good opportunities.”
According to market research firm Dodge Data & Analytics, construction in the U.S. is set to trend up by 6% in 2016. Every sector of the construction industry is anticipated to contribute to this growth. Some particular areas to note include natural gas and petroleum extraction projects, along with construction of new power plants. With such a robust market, upstart companies have an opportunity to capitalize – and Abba Equipment Leasing has the options and service to make that possible.
Looking beyond heavy construction, residential building also looks primed to continue its strong performance through 2016. The residential construction sector witnessed an 18% surge in 2015, which spurred growth in every associated industry and trade. In addition, a strong housing market is often a bellwether for the economy as a whole.
The broader economic outlook is one of cautious optimism. One especially positive note is that long-term interest rates are forecast to climb relatively slowly, which should maintain a healthy lending environment for both lenders and borrowers.
With a combined 65 years of experience in heavy equipment leasing and financing, Abba Equipment Leasing’s team has built relationships with thousands of clients across the nation. The company leases and finances heavy equipment for warehouses, material handlers and construction contractors, large and small.
Abba Equipment Leasing makes every effort to ensure the equipment financing process is as streamlined as possible. Rather than trusting to automation, Abba delivers personalized service to each and every client. Experienced agents get to know their clients’ needs, and then connect them to funding opportunities that match their respective situations.
“A steadily recovering economy will mean continued growth for Abba Equipment Leasing,” concludes Reichmann, “but we’re more than ready to meet the demand and help clients scale. We have worked hard to become one of the largest and most recognized equipment finance and lease companies in the nation. Today, we serve all 50 states and provide expertise and service for clients interested in leasing nearly any type of equipment.”