Used construction-equipment values are creeping up after bottoming out last summer, a sign that credit is looser and fewer firms are ditching their fleets. Values rose for the fifth month straight in February, posting a 1.9% monthly gain and a 6.2% six-month increase, according to Beverly Hills, Calif.-based appraiser Rouse Asset Services. Monthly gains of 13.1% for straight-boom lifts, 7.2% for articulating-boom lifts, 3.5% for telehandlers and others propped up values, while prices declined 1.4% for dozers and 0.8% for compactors. However, values still are 26.6% below April 2007’s market peak. Source: Rouse Value Index. Average Orderly Liquidation Value for
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.