Contractors started out 2017 feeling positive about short-term growth, according to ACCA, which reported its January 2017 Contractor Comfort Index (CCI) scored a 78 — up two points from its January 2016 rating.
Sales of HVAC equipment ticked upward in 2016, according to Air-Conditioning, Heating, and Refrigeration Institute (AHRI), which reported that 2016 year-to-date combined U.S. shipments of central air conditioners and air-source heat pumps increased 7.6 percent over 2015 and shipments of gas warm-air furnaces increased 4.6 percent for the same time period.
According to the most recent report from Heating, Air-conditioning, and Refrigeration Distributors International (HARDI), average sales for its distributor members increased by by 12.2 percent in January 2017, and the average annualized growth fort he 12 months through January 2016 was 9.2 percent.
Trump has already gained national headlines for his work within the HVACR industry after he and Carrier Corp. signed an agreement that is intended to preserve several jobs in Indiana.
Growth will continue to be led by privately financed projects, with commercial construction continuing to lead the way. Energy-related construction will become less of a drag in 2017, while public spending will continue to be lackluster.
At the recent ACCA Conference in Charlotte, North Carolina, The NEWS had the opportunity to speak with three HVAC manufacturing executives about the issues facing the industry.
HVAC contractors seem to be feeling cautiously optimistic about short-term growth, at least according to ACCA, whose Contractor Comfort Index (CCI) scored a 76 in January 2016. But, there is still concern about the U.S. economy and conditions around the world, in general.
The latest report from HARDI shows that average sales for HARDI distributor members increased by 8.2 percent in December 2015, but annualized growth for all of 2015 registered a bit lower at 5.7 percent. This compares to the 6.1 percent gain in 2014, the second consecutive year of slower growth since a 7.3 percent increase was reported in 2013.
Sales of HVAC equipment were somewhat flat in 2015, according to AHRI, which reported year-to-date combined U.S. shipments of central air conditioners and air-source heat pumps decreased by 0.6 percent, and shipments of gas warm air furnaces increased 2.9 percent.