New US home construction plunges to slowest pace since June 2020
New home construction in the US slumped in May to the slowest pace in four years, as higher-for-longer interest rates...
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Construction
Used construction inventory rises to pre-pandemic levels
Used construction inventory continued to surge in May, rising for the fifth consecutive month with track skid steers and wheel...
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US housing starts, permits fall short as mortgage rates rise
New US home construction rose by less than forecast in April and permits for new activity dropped, suggesting the recent...
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Lease returns push construction inventory higher
An influx of lease returns from financing agreements signed during the pandemic pushed elevated inventory levels of used construction equipment...
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CNH Industrial Capital originations rise 11%
CNH Industrial Capital originations grew in the first quarter as appetite increased for the captive’s offerings, while delinquencies rose, parent...
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Komatsu retail finance revenue slides more than 20% in 2023
Japanese equipment manufacturer Komatsu posted a decline in retail finance profits for fiscal 2023, in part because it used its allowance...
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Higher new business originations boost Cat Financial’s earnings
Caterpillar’s equipment financing arm, Cat Financial, posted increased revenues in the first quarter of 2024, following strong profit margins in...
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Electrification hesitation as haulers evaluate hydrogen
Orders for Volvo-manufactured electric trucks and construction equipment declined in the first quarter as the industry hesitates to adopt battery...
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