Watters Campaigns for Sustainable Water Infrastructure Investment Act

Tim Watters, 2014 Chairman of the Associated Equipment Distributors (AED) and President of Hoffman Equipment, is working hard to educate people about the importance of infrastructure investment. Watters is doing everything he can to encourage elected officials to take action and address long term needs for infrastructure funding across the country.
One of these measures is the proposed Sustainable Water Infrastructure Investment Act.

The act would eliminate the volume cap on private activity bonds for water and sewage projects, which would be expected to increase private investments in the construction segment. It is anticipated that the passage of this act could generate as much as $6 billion in demand and could produce up to 1,000 jobs over the next 10 years.

“We are excited about this bi-partisan effort to address aging water infrastructure,” says Watters. “This bill will bring economic growth to the nation, create jobs in the construction industry and improve services around the country.”
The Sustainable Water Infrastructure Investment Act would bring small changes to the tax code in order to bring water infrastructure regulations in line with other infrastructure spending. An AED commissioned study shows that every dollar invested in water infrastructure generates $2.03 in tax savings over 20 years.

Another infrastructure crisis facing the country is the projected budget shortage of the Highway Trust Fund (HTF). The Congressional Budget Office originally projected the HTF would have ran out of money this summer, causing significant delays and work stoppages during the busy construction season. Congress recently passed a short-term package that would fund the HTF through next May, but a long-term solution is still needed.

At a recent press conference, organized by Senate Environment and Public Works Committee Chairman Barbara Boxer (D-California), Watters said the looming crisis threatens 4,000 jobs at construction equipment dealerships across the country and 700,000 jobs in the broader construction industry.

“Every morning hundreds of thousands of hard-working men and women in the construction industry get up, go to work and build America’s transportation infrastructure. If they didn’t do their jobs, this country would come to a grinding halt,” Watters said.

Watters says that Boxer is someone who is working to address the problem, but he encourages people across the country to get in touch with their representatives to demand action. Watters demanded of legislators, “Do what we sent you here to do. Legislate. Govern. Give us a highway bill. And give us the infrastructure the U.S. economy needs to function.”

Public Works Committee Chairman Barbara Boxer (D-California) and Tim Watters (to the right of Boxer) at a recent conference in Washington D.C.

Public Works Committee Chairman Barbara Boxer (D-California) and Tim Watters (to the right of Boxer) at a recent conference in Washington D.C.

Tim Watters, 2014 Chairman of AED and President of Hoffman Equipment, speaking at a press conference in Cliffside Park, New Jersey.

Tim Watters, 2014 Chairman of AED and
President of Hoffman Equipment, speaking at a press conference in Cliffside Park, New Jersey.

Wells Fargo Reports: Existing Home Sales Bounce Back in September

Wells_Fargo_Securities_logoExisting home sales perked up to a seasonally adjusted annual rate of 5.17 million, the highest in 2014. Gains were made in the single-family and condo market, but total sales are still lower than a year ago.

 

Sales in the South Reach a New High

  •  Sales of existing single-family homes gained 2.0 percent in September, although they remain 1.9 percent lower than a year earlier. Condo sales, however, rebounded by 5.2 percent and now match their year-ago number.
  •  Monthly gains were seen in the West (7.1 percent), the South (5.0 percent) and the Northeast (1.5 percent). The South is the only region where sales are above year-ago levels.

More Distressed Sales Over the Month

  • The number of distressed sales increased in the month to 10 percent of total purchases. Investors and all-cash buyers also accounted for more existing home sales in September relative to August. When comparing these types of sales to a year ago, the share of distressed, all cash and investor purchases are notably lower, showing that the broad trend is one where the housing market is becoming healthier.

Source: National Association of Realtors and Wells Fargo Securities, LLC

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J. Gross Equipment, Aberdeen SD to Carry Hyundai’s Full Line of Construction Equipment

vcsPRAsset_2790566_65667_03d16357-4820-40be-a65e-1e812863fa51_0Hyundai Construction Equipment Americas, Inc., an earth moving and material handling equipment manufacturer is pleased to announce the appointment of J. Gross Equipment to their rapidly growing dealer network.  J. Gross Equipment will provide sales and service of Hyundai equipment from their dealership location in Aberdeen, South Dakota.

“J. Gross Equipment is a well-established equipment dealership with an obvious passion for the industry,” states Kirk Gillette, General Manager of Hyundai Construction Equipment. “With their exceptional customer service and proven business practices, I’m confident they will be a top notch Hyundai dealer.

J.Gross Equipment will now carry Hyundai’s full line of quality construction equipment, which includes wheel loaders, crawler and wheeled excavators and mini-excavators. The full stock of Hyundai equipment will be readily available for sale or rent.

“Over the past 25 years, we’ve committed to becoming the best equipment company for our customers and the community we serve,” states Josh Gross, CEO of J. Gross Equipment, Inc. “The Hyundai brand has a strong reputation for its durable, feature-rich products and perfectly complements our equipment offerings.  We are excited to partner with Hyundai and provide our customers with a world leading brand of heavy construction equipment.

J. Gross Equipment sales staff has been fully trained in the application, sales, parts and service of Hyundai Construction Equipment products and offers prompt and professional parts and service support to its customers.

For more information or a demonstration of Hyundai products, please contact J. Gross Equipment at 605-229-4037 or visit www.jgeinc.com.

Dire States – A Transportation Vote in Wisconsin

The Dire States team interviews Craig Thompson, the executive director of the Transportation Development Association of Wisconsin. Thompson details a constitutional amendment in Wisconsin that, if approved by voters, will dedicate funds generated by transportation for road and bridge maintenance and construction in the state.

For more on the ballot initiative, visit: ‪http://bit.ly/1y85g4y

For more on Dire States, visit: ‪http://bit.ly/19eJ2AM

 

Dire States – Texas and Proposition 1

CASE, ASCO Equipment and the Dire States team joined forces with Texas Good Roads to tour the state and raise awareness to Proposition 1 – a ballot initiative in Texas that will direct approximately $1.7 Billion annually into road and bridge highway improvements.