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New Home Sales Rebound in June but Affordability Concerns Persist

Sales of newly built, single-family homes increased 7 percent to a seasonally adjusted annual rate of 646,000 units in June from a downwardly revised reading in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 2.2 percent higher than the same period in 2018. “Though there is a clear demand for new homes, builders… Read More

AHRI Releases May 2019 U.S. Heating and Cooling Equipment Shipment Data

Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for May 2019 decreased 15.1 percent, to 357,513 units, down from 421,140 units shipped in May 2018. Residential electric storage water heater shipments decreased 8.8 percent in May 2019 to 343,390 units, down from 376,621 units shipped in May 2018. Year-to-date U.S. shipments of residential gas storage water heaters decreased 5 percent, to 1,902,313, compared to 2,001,410 shipped during that same period… Read More

AHRI Releases April 2019 U.S. Heating and Cooling Equipment Shipment Data

Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for April 2019 decreased 8.2 percent, to 367,028 units, down from 399,822 units shipped in April 2018. Residential electric storage water heater shipments decreased 6.1 percent in April 2019 to 341,834 units, down from 363,953 units shipped in April 2018. Year-to-date U.S. shipments of residential gas storage water heaters decreased 2.2 percent, to 1,544,800, compared to 1,580,270 shipped during that same period… Read More

AHRI Releases March 2019 U.S. Heating and Cooling Equipment Shipment Data

Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for March 2019 decreased 6.6 percent, to 387,118 units, down from 414,458 units shipped in March 2018. Residential electric storage water heater shipments decreased 8.1 percent in March 2019 to 358,666 units, down from 390,281 units shipped in March 2018. Year-to-date U.S. shipments of residential gas storage water heaters decreased 0.2 percent, to 1,177,772, compared to 1,180,448 shipped during that same period in… Read More

AHRI Releases February 2019 U.S. Heating and Cooling Equipment Shipment Data

Residential Storage Water Heaters U.S. shipments of residential gas storage water heaters for February 2019 decreased 5.5 percent, to 357,390 units, down from 378,045 units shipped in February 2018. Residential electric storage water heater shipments decreased 5.7 percent in February 2019 to 335,993 units, down from 356,416 units shipped in February 2018. Year-to-date U.S. shipments of residential gas storage water heaters increased 3.2 percent, 790,654, compared to 765,990 shipped during that same period in 2018. Read More

HARDI Distributors Report 4.4 Percent Revenue Increase in January

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing average sales growth for HARDI distributor members increased by 4.4 percent in January 2019. The average annualized growth for the 12 months through January 2019 is 10.4 percent. “January and February are the slowest months of the year for HARDI distributors,” said HARDI Market Research & Benchmarking Analyst Brian Loftus. “This year got off to a 4.4 percent start which looks pretty… Read More