The construction industry is beginning to make its long awaited comeback, but is this long term growth or is it simply a bubble?
Those in the insurance business, whose job it is to assess risk, are optimistic that the construction industry will continue to grow but not to the heights of its former glory. However, residential construction is seeing steady growth, as well as habitational. According to the US Commerce Department, private residential spending has risen to an annual rate of $334.58 billion, its highest level since 2008.
Many are proceeding with caution in the face of this new growth. Part of adapting a cautious strategy could mean leasing your equipment. Leasing equipment provides more flexibility than paying upfront. You also preserve your cash flow, which will give the freedom of more liquidity, especially in the event of an emergency.