Newsline

Home hvac replacement, service spending dipped 10%

April 20, 2000
/ Print / Reprints /
ShareMore
/ Text Size+
WASHINGTON, DC — How big is the residential hvac service/ replacement market?

Plenty big, according to the Census Bureau, which charts expenditures made on behalf of U.S. homes. The report refers mainly to single-family detached structures, but extends to buildings with up to four housing units.

Through 1998, the most recent year measured, expenditures totaled $9.763 billion.

This includes three categories of activity: alterations, major replacements, and maintenance and repairs.

This 10% decline from the previous year is not explained by the Bureau, which just charts the numbers.

Since 1993, each year has exceeded expenditures in the previous year until 1998.

Trades collateral to hvac also showed a dip in 1998. Plumbing, at $7.306 billion, was off 24%. Electrical, at $1.644 billion, was off 28%.

The heating-cooling activity is about 11% of the total expenditures ($90.2 billion) for such things as additions of decks and porches, remodeling, roofing, flooring, fences, and other activities.

In addition to repairs and replacements to the hvac equipment in existing buildings, the new housing sector, which is at 1 million-plus units a year, also represents about $1.5 billion in sales of new hvac equipment, according to Bob Schjerven, president of Lennox Industries. The company is expanding its attack on this market, he said.

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con