Texas Infrastructure Council to Present at National P3 Conference in Denver

AUSTIN, Texas — Texas Infrastructure Council will present on developing a Texas P3 Center of Excellence at the July 30 National Council for Public-Private Partnerships" summer conference in Denver, Colorado. Tim Merriweather, president of the newly formed Texas Infrastructure Council said, “We look forward to discussing the state of P3s in Texas and how this promising public infrastructure delivery tool can be further advanced at the state and local level to help meet growing infrastructure needs. The Texas economy is thriving but many local units of government are pressed to maintain pace with the growth. Our primary focus is to … Read more

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June Construction Jumps 6%

NEW YORK, N.Y. — New construction starts in June advanced 6 percent to a seasonally adjusted annual rate of $549.7 billion, the highest level so far in 2014, according to McGraw Hill Construction, a division of McGraw Hill Financial.   Nonresidential building strengthened after pulling back in May, with the lift coming from the start of several large manufacturing plant projects.   Modest gains in June were also reported for housing and nonbuilding construction (public works and electric utilities). During the first six months of 2014, total construction starts on an unadjusted basis were $254.1 billion, up 1 percent from … Read more

Filed under: Economic News, News

Equipment Leasing and Finance Association's Survey of Economic Activity: MLFI-25

  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 $827-billion equipment finance sector, showed their overall new business volume for June was $9 billion, up 5 percent from new business volume in June 2013. Month over month, new business volume was up 30 percent from May. Year to date, cumulative new business volume increased 3 percent compared to 2013.   Receivables over 30 days decreased from the previous month at 1.6 percent, and were up from 1.4 percent in the same … Read more

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Equipment Leasing and Finance Industry Confidence Remains Steady in July

WASHINGTON, D.C. — The Equipment Leasing & Finance Foundation releases the July 2014 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 $827-billion equipment finance sector. Overall, confidence in the equipment finance market is 61.4, unchanged from the June MCI-EFI.   When asked about the outlook for the future, MCI-EFI survey respondent Adam D. Warner, president, key equipment finance and chairman of the Equipment Leasing and Finance Association, said, “I don’t believe … Read more

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Momentum Increasing for Architecture Billings Index

WASHINGTON, D.C. — The Architecture Billings Index is signaling improving conditions for the overall design and construction industry. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lead time between architecture billings and construction spending. The American Institute of Architects reported the June ABI score was 53.5, up from a mark of 52.6 in May. This score reflects an increase in design activity (any score above 50 indicates an increase in billings). The new projects inquiry index was 66.4, up noticeably from the reading of 63.2 the previous month and its highest level … Read more

Filed under: Economic News, News