ALEXANDRIA, Va. (May 23, 2014) — Using the doctrine of equitable subrogation to establish lender priority over mechanic’s liens would “completely defeat” the legislative intent behind mechanic’s liens statutes and “improperly shift the known and assumed risks” from construction project owners and lenders to contractors and subcontractors, the American Subcontractors Association (ASA) and ASA of Arizona told the Supreme Court of Arizona.

ELFA's Monthly Leasing and Finance Index shows continued growth in the equipment leasing and finance industry.

WASHINGTON (May 22, 2014) — The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $827 billion equipment finance sector, showed their overall new business volume for April was $8 billion, up 7 percent from new business volume in April 2013. Month over month, new business volume was up 14 percent from March.

WASHINGTON (May 22, 2014) – The American Institute of Architects (AIA) lauded the inclusion of an amendment to the National Defense Authorization Act (NDAA) by Rep. Mick Mulvaney (R-SC) that is based on H.R. 2750, the Design-Building Efficiency and Jobs Act.

Rep. Mulvaney introduced the amendment on the House floor Wednesday as debate on the NDAA commenced, and it was successfully incorporated into the NDAA.

New survey results emphasize the need to increase investment in the nation's aging infrastructure.

LANHAM, Md. (May 21, 2014) — Ahead of the summer driving season, a new survey from the Asphalt Pavement Alliance (APA) finds U.S. drivers increasingly frustrated with the state of U.S. roads. The national survey found that drivers prefer well-maintained, safe and smooth roadways; moreover, they understand these qualities require periodic maintenance and financial investment.

WASHINGTON (May 20, 2014) – The Equipment Leasing & Finance Foundation (the Foundation) has released the May 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $827 billion equipment finance sector.

Despite spending declines in first quarter, the Marcum Commercial Construction Index predicts that the industry is poised for expansion for the remainder of the year.

NEW YORK (May 20, 2014) – The Marcum Commercial Construction Index reported that extreme winter weather conditions suppressed nonresidential construction activity in the first quarter of 2014, with spending declines in all three months of the period. The index predicts a return to expansion during the remainder of the year, however.

The Marcum Commercial Construction index is compiled by the Construction Services Practice of Marcum LLP, a national accounting and advisory firm.

KOHLER, Wis. (May 20, 2014) – Kohler Power Systems, a manufacturer of generators, transfer switches, paralleling switchgear and related accessories, announced that the U.S. Court of Appeals for the Federal Circuit upheld an earlier U.S. District Court decision that a Generac patent was invalid.