The latest quarterly forecast of equipment rental industry revenues from the American Rental Association (ARA) has predicted stronger growth in the sector than the previous update. While it will moderate over the year, it will support significant rental potential,” Hazelton says. ARA's report on Tuesday said that rents for new and existing homes rose by an average of 5 percent over the past 12 months, compared to a year earlier. Tax reform and infrastructure spending are two issues that could throw a spanner in the ARA's works. " Good [policy] decisions could improve the outlook while poor ones could substantially diminish it," said Scott Hazelton, the managing director of IHS Markit.
The latest quarterly forecast of equipment rental industry revenues from the American Rental Association (ARA) has predicted stronger growth in the sector than the previous update. ARA's report on Tuesday said that rents for new and existing homes rose by an average of 5 percent over the past 12 months, compared to a year earlier. Tax reform and infrastructure spending are two issues that could throw a spanner in the ARA's works. " Good [policy] decisions could improve the outlook while poor ones could substantially diminish it," said Scott Hazelton, the managing director of IHS Markit.