Sales may be slowing for distributors of HVAC products.
10 months of strong growth, average sales among Heating, Airconditioning and Refrigeration Distributors International
member companies in April were up less than 1 percent from year-ago levels,
according to the group’s Targeted and Regional Economic News for Distribution
in the association’s eight North American territories were widely varied, with some companies reporting
sales increases up to 8.6 percent and others declines of 11.7 percent.
levels were also generally higher than 2010 figures, the association reported.
“The construction markets for
commercial and single-unit housing have failed to make substantial gains so far
in 2011, and this is no doubt having a negative effect on member sales,” said
HARDI’s chief economist, Alan Beaulieu of the Institute for Trend Research. “After
five consecutive months of same-month sales growth versus last year, sales in
April were flat. It has been traditionally difficult for member sales to
improve when the market for new single-family homes is stagnant, but some
opportunities for growth can be found in the smaller, but booming, multiunit
housing market, up 39 percent from last year and growing.”
HARDI: April member sales flat
June 6, 2011