Wells Fargo Issues Q3-2012 Construction Quarterly Report

Survey shows steadily but slowly improving construction market with another year of recovery ahead. 

In Wells Fargo's Q3-2012 Construction Executive Survey, contractors and equipment distributors confirm that construction activity has picked up compared to a year ago.

"The survey reveals a distinct sentiment that construction activity has been rising compared to a year ago," said John Crum, national Sales Manager for Wells Fargo Equipment Finance. "However, about six out of every ten respondents (61%) said they felt that the downturn in the construction industry would not be over for at least another year. A year ago, that number was 82%. So construction executives are seeing some improvement in the industry, but the level of activity is evidently not where they might like it to be."

Click here to download the full report.