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Tradewinds


Nick Tanos joins Vitro Architectural Glass as a Commercial Account Manager

Nick Tanos joins Vitro Architectural Glass as a Commercial Account Manager

Posted: February 3, 2023 | Tradewinds

Vitro Architectural Glass (formerly PPG Glass) announced that Nick Tanos has been appointed as a commercial account manager for Southern California, Southern Nevada, New Mexico and Arizona.

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Monthly Leasing and Finance Index December New Business Volume Up 9 Percent Year-over-year, 50 Percent Month-to-month, 6 Percent at Year-end

Monthly Leasing and Finance Index December New Business Volume Up 9 Percent Year-over-year, 50 Percent Month-to-month, 6 Percent at Year-end

Posted: January 27, 2023 | Tradewinds

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for December was $12.9 billion, up 9 percent year-over-year from new business volume in December 2021. Volume was up 50 percent from $8.6 billion in November in a typical end-of-quarter, end-of-year spike. Cumulative new business volume for 2022 was up 6 percent compared to 2021.

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Total Construction Starts Increase in December

Total Construction Starts Increase in December

Posted: January 27, 2023 | Tradewinds

“December starts revealed where the current strength in the construction lies: manufacturing and infrastructure,” said Richard Branch, chief economist for Dodge Construction Network. “It is those segments that will provide insulation for the sector as the economy softens in 2023. Recession or not, higher interest rates will weigh on the economy and restrain construction starts in 2023. However, it’s encouraging to know that the new year is starting with a great deal of positive momentum.”

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Architecture billings continue to decline

Architecture billings continue to decline

Posted: January 27, 2023 | Tradewinds

“Despite strong revenue growth last year, architecture firms have modest expectations regarding business conditions this coming year,” said AIA Chief Economist Kermit Baker, PhD, Hon. AIA. “With ABI scores for the entire fourth quarter of 2022 in negative territory, a slowdown in construction activity is expected later this year, though the depth of the downturn remains unclear.”

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New Home Sales Inch Higher in December but Market Weakness Remains

New Home Sales Inch Higher in December but Market Weakness Remains

Posted: January 27, 2023 | Tradewinds

“Builder incentives and declining mortgage rates during the month of December helped push new home sales up for the month,” said Jerry Konter, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Savannah, Ga. “However, because of higher construction costs and decreasing affordability, sales are down more than 25% compared to a year ago.”

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