Residential construction is the second main driver of CE sales, especially for smaller equipment such as mini excavators, skid-steer loaders, and backhoe loaders. Housing starts - the number of new residential construction projects that begin during any particular month - serve as a key indicator for growth in this sector. A housing start is counted when construction begins on the footers or foundations of a residential structure. This metric offers a good estimate of construction-machinery use, which is a strong indicator of both replacement and new machine demand.
May 6, 2021
Top 10 issues facing construction OEMs
Importance of residential housing