article thumbnail

ARA Forecasts 2021 Rental, Const. Revenue

Construction Equipment

The American Rental Association (ARA) is forecasting a 13 percent decline in equipment and event rental revenue this year compared to 2019, dropping to $48.7 Construction and industrial rental revenue also is forecast to finish 2020 with a significant hit in revenue,… billion in the United States.

article thumbnail

Common Construction Business Pitfalls And How To Overcome Them

Contractor Bookkeeping

Construction Company owners like you have probably experienced life-changing events in the past few years, as many of our clients did. To avoid this, you should create a cash flow forecast and regularly update it. Are you struggling to keep your construction business afloat?

Cash Flow 101
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In the Event of a Recession, These Overvalued Markets Could See Double-Digit Price Drops

Pro Builder

In the Event of a Recession, These Overvalued Markets Could See Double-Digit Price Drops. While housing economists like Moody’s Analytics’ Mark Zandi predict that national home prices could decline between 5% and 10% in the event of a recession, overvalued markets are expected to see even more substantial declines, Fortune reports. .

article thumbnail

16 design trends from Gensler’s 2017 Design Forecast

BD+C

The process of anticipating what the future will hold and then designing and developing methods to minimize the effects of future events is known as future-proofing. Gensler’s 2017 Design Forecast deals with this concept and how the firm is implementing design strategies to create functional spaces for the future.

article thumbnail

Construction Company Budget Vs. Cash Flow

Contractor Bookkeeping

While the future remains a mystery, budgeting and cash flow forecasting tools can significantly reduce uncertainty, allowing you to anticipate challenges, learn from past events, and enhance your ability to navigate your business. Finding some certainty can make all the difference in the unpredictable construction business world.

Cash Flow 100
article thumbnail

Accelerated Growth in the Rental Market

Construction Business Owner

In May, the American Rental Association (ARA) launched ARA Rentalytics, a new subscription service available to ARA members that provides exclusive market intelligence for the equipment and event rental industry.

article thumbnail

ARA Predicts Positive Growth for 2021 and Beyond

Construction Equipment

For the first time since the Covid-19 pandemic adversely impacted the equipment and event rental industry last year, the latest ARA forecast calls for more positive growth in 2021 and beyond. The previous forecast, released on Nov. percent in equipment and event… 12, projected a modest uptick of 0.3