Leaseq Comments On How The Increase In Home Construction Permits Will Impact The Construction Equipment Industry

We have continued to see a strong growth in all sectors of our construction equipment leasing business. It may be a rising tide, but it also may be due to the leasing platform here at LeaseQ. In the past few months, housing has become one of the strongest foundational supports for the current economic recovery despite the fact that mortgage rates have slowly been on the rise. This is good news for the equipment industry as well as construction equipment suppliers as rising new construction means rising demand for the equipment to fuel that construction. According to Tirey, Many contractors are turning towards equipment leasing because it involves lower payments over time. Contractors can upgrade from old obsolete equipment models to more advanced ones and less capital is required upfront. Tirey also added, You need to keep in mind that the increase in home construction permits is not necessarily a prediction of the extent to which construction equipment leasing will grow. Regardless, equipment suppliers should expect to see more activity than they did in previous years. How LeaseQ Works As the technology leader in online leasing, LeaseQs One Touch Platform runs real time, accurate personal and business credit scores with zero impact on credit rating. LeaseQs advances in technology allows construction businesses greater flexibility and control when shopping for the equipment their businesses rely on every day.
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