Total Construction Spend is holding near cycle highs with some slumps in Non-Residential and Manufacturing. Alta Equip Group(ALTG), a construction equipment rental company, saw a sudden increase in business in December 2025. InTest(INTT), a manufacturing equipment company, saw a similar sudden burst in sales for December. Both management teams saw rising backorders and forecasted decently improved 2026 financials having experienced a near 2yr inventory destocking period by customers.
