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

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WASHINGTON, D.C. — The Equipment Leasing and Finance Association's Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $903-billion equipment finance sector, showed their overall new business volume for January was $6.7 billion, up 12 percent from new business volume in January 2014. Volume was down 48 percent from December, following the typical end-of-quarter, end-of-year spike in new business activity.   Receivables over 30 days were 1.1 percent, up slightly from 1 percent the previous month and from 1 percent the same period in 2014.   Charge-offs were unchanged for the … Read more

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Integrated Builders Completes Construction of New Senior Center

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ROCKLAND, Mass. — Integrated Builders has completed construction on the new Cohasset Senior Center on behalf of The Social Service League of Cohasset. Located at 91 Sohier St., the $3.7-million, 11,340-square-foot center was funded entirely through a private-public partnership and offers a multitude of programs and activities for the local senior community. Integrated Builders Superintendent John Grace worked alongside architects Bargmann Hendrie + Archetype, Inc. and The Social Service League of Cohasset throughout the development. “The new Cohasset Senior Center provides much needed and dedicated gathering space for the local elderly population in a centralized location,” commented Jay Dacey, president … Read more

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ELFA Confidence in February Remains at Three-Year High

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WASHINGTON, D.C. — The Equipment Leasing & Finance Foundation recently released the February 2015 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903-billion equipment finance sector. Overall, confidence in the equipment finance market is 66.3, a slight increase from the three-year high level reached by the January index of 66.1. When asked about the outlook for the future, MCI-EFI survey respondent William Verhelle, CEO, First American Equipment Finance, a City National … Read more

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Tocci Building Companies Enters Partnership with NERCC

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WOBURN, Mass. — Tocci Building Companies has entered into a collective bargaining agreement with The New England Regional Council of Carpenters. The agreement represents a mutual understanding of the demand for enhanced technology in the evolving building, design and construction industries, along with superior levels of safety training and practices. Tocci and the NERCC share a mutual respect not only for technology in the building industry, but also for in-depth safety training and practices in the workplace. In 2014, Tocci was recognized by the Associated General Contractors of America for their 21st annual National Safety Award. The NERCC also promotes … Read more

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FMI Reports Rising Nonresidential Construction Index Comes with Struggles

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RALEIGH, N.C. — The Nonresidential Construction Index from FMI rose two points in Q1. This normally is a positive economic sign. However, construction companies are facing the challenge of having enough people to keep up with increasing backlogs, warns Phil Warner, researcher for FMI. The engineering and construction executives that comprise the NRCI panel are strongly optimistic about both the economy and their businesses. The diffusion indexes for the overall economy and the geographic economies where individual panelists do business rose more than six points, reaching 78. The report discusses owners” views on expectations for 2015 construction put in place, … Read more

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