Nonresidential Sector Carries Market

September 17, 2007
/ Print / Reprints /
/ Text Size+

ARLINGTON, Va. - According to the Air-Conditioning and Refrigeration Institute (ARI), combined U.S. factory shipments of central air conditioners and air-source heat pumps for July totaled 637,606. This number, down 3 percent from July 2006 shipments, adds to the year-to-date combined total of 4.2 million, down 11 percent from 2006. Heat pump shipments were down 7 percent, totaling 169,417 as compared to July 2006. These shipments year-to-date were also down 11 percent, totaling approximately 1.2 million.

In spite of struggling residential construction and credit markets, the nonresidential construction market continued to show no ill effect.

“Nonresidential construction shrugged off the turmoil in homebuilding and the credit markets in July to post another solid gain,” said Ken Simonson, chief economist for the Associated General Contractors of America (AGC). “Although total construction spending slipped 0.4 percent in July, seasonally adjusted, and residential fell 1.4 percent, nonresidential spending climbed 0.6 percent, the 10th consecutive monthly gain.”

According to Simonson, private nonresidential construction, “the type that might seem most vulnerable to a credit pullback, showed no sign of contagion.” It rose 0.4 percent in July and 17 percent year-to-date.

“The three most speculative components - commercial, office, and lodging - all advanced. Commercial construction was up 0.6 percent for the month and 15 percent year-to-date,” noted Simonson. “The two biggest commercial subcomponents - multi-retail (big box and other general merchandise stores, shopping centers, and malls) and warehouses - both leaped 4 percent in July and 28 percent year-to-date. Private office construction climbed 0.6 percent and 22 percent, and lodging shot up 0.8 percent and 60 percent.”

Publication date: 09/17/2007

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

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



Image Galleries

2014 ACI Home Performance Conference

The 2014 ACI National Home Performance Conference & Trade Show was held in Detroit.


Jeff Hutchinson, Energy Solutions Manager for mechanical contractor Bruner Corp., talks about the ductless market and how it can be profitable for a commercial contractor.

More Podcasts


NEWS 07-21-14 cover

2014 July 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive


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.


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


facebook icontwitter iconyoutube iconLinkedIn i con