Key facts
- U.S. construction spending increased in April.
- Rental demand in the construction sector remains strong.
- The construction season has begun.
- A UBS survey indicates robust rental demand.
- Inventories of used construction equipment declined in May.
- Crawler excavators and wheel loaders led the decline in used equipment inventories.
- Concrete feed mixing platforms at Silver Creek Angus Ranch have lasted over five years.
- These platforms were treated with PENETRON ADMIX.
U.S. construction spending increased in April, indicating a positive trend for the sector. Concurrently, a UBS survey reveals that rental demand remains robust as the construction season commences, suggesting persistent strength in the rental market alongside increased construction activity. This strength in rentals contrasts with a decline in inventories of used construction equipment observed in May. Crawler excavators and wheel loaders were among the equipment types experiencing the most significant drops in inventory. This situation points to a bifurcated market where rental demand is high, but the market for used equipment sales may be cooling.
In a separate development highlighting durability in agricultural infrastructure, concrete feed mixing platforms at Silver Creek Angus Ranch have demonstrated an extended service life. These platforms, treated with PENETRON ADMIX, have lasted over five years, showcasing enhanced durability and sustainability in agricultural operations. This longevity suggests the effectiveness of specific treatments in extending the lifespan of critical infrastructure components within the construction and agricultural sectors.