Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

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The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index showed its overall new business volume for March was $10.6 billion, up 14% year-over-year from new business volume in March 2021. Volume was up 49% month-to-month from $7.1 billion in February. Year-to-date, cumulative new business volume was up 5% compared to 2021. Receivables over 30 days were 1.5%, down from 1.7% the previous month and down from 1.9% in the same period in 2021. Charge-offs were 0.10%, up from 0.09% the previous month and down from 0.43% in the year-earlier period. Credit approvals totaled 78.3%, up from 78.2% in … Read more

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AISC Celebrates Earth Day with Updated EPDs

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To help celebrate Earth Day, the domestic structural steel industry has issued updated environmental product declarations to help designers and building owners design more environmentally friendly buildings and bridges. The American Institute of Steel Construction develops industry-average EPDs for three products: fabricated hot-rolled structural sections, fabricated steel plate, and fabricated hollow structural sections, with the latter developed in conjunction with the Steel Tube Institute. These documents are designed to facilitate an accurate, apples-to-apples comparison of the structural materials on the market today. The EPDs illustrate what the industry has achieved through decades of innovation. “Many people associate steel with old … Read more

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El Paso’s Veliz Construction Wins Diverse Business of the Year Award from National Construction Association  

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El Paso, Texas’ Veliz Construction was named as the 2022 Diverse Business of the Year award winner by the Associated General Contractors of America. “These awards recognize firms that are doing an outstanding job recruiting, retaining and engaging workers of all backgrounds,” said Bob Lanham, the association’s former president and president of Williams Brothers Construction Co., Inc. in Houston, Texas. Veliz Construction, Inc. is a Hispanic-owned and operated general contractor offering general contracting services across Texas and New Mexico. Veliz Construction has adopted a culture of continuous improvement that focuses on teamwork, open communication, and constant feedback. Association officials noted that the … Read more

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New Advanced Energy Design Guide for Multifamily Buildings 

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Advanced Energy Design Guide for Multifamily Buildings-Achieving Zero Energy is the third in the AEDG zero energy guide series. The design guide outlines strategies for achieving energy targets such as setting measurable goals, hiring design teams committed to those goals, using simulation throughout the design and construction processes and being aware of how process decisions affect energy usage. In this edition, content has been included on renovation and resiliency along with expanded guidance on hot water and high load in multifamily buildings. Valuable chapters and sections include: Chapter 2 – “Principles for Success” – Describes the important decision points and … Read more

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Groundbreaking for San Mateo County’s First Navigation Center for the Homeless

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Groundbreaking ceremonies for San Mateo County, California’s first “navigation center,” designed to provide temporary living units and intensive onsite support services for individuals and couples experiencing homelessness, were held in mid-April. For optimal time and cost efficiency, all the 102 sleeping modules, 27 support modules, bathroom units and two modular elevators will be prefabricated. Onsite construction is expected to take approximately eight months, with the entire project team’s goal to have clients off the street and enjoying their new space before the end of the year. XL Construction will lead the construction of the 240-bed facility which will be operated … Read more

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