Distributor Center

November Sales Indicate Strong Finish to 2010, Possible 2011 Challenges

February 14, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

COLUMBUS, Ohio - Heating, Airconditioning, and Refrigeration Distributors International (HARDI) announced North American HVACR average distributor sales as back on track after regressing in October. HARDI’s Monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) report showed average growth for November 2010 of more than 20 percent versus November 2009. The running 12-month sales improved for the fourth consecutive month nearing the top end of HARDI’s projections for 2010 growth of 5 to 10 percent. Canada maintained its top spot for the highest level of running 12-month growth among all HARDI regions.

“While I’m extremely proud of the significant role HARDI played in securing an extension of the 25C tax credits for HVAC and other residential improvements, their extension was only possible with a significant reduction in the credit amount,” said Talbot H. Gee, HARDI executive vice president and COO. “This combined with the long delay in Congress’ extension certainly seems to be creating a ‘tax credit bubble’ in which 2011 demand has been pulled into 2010. This is great for our members last year, but does not bode well for our industry the first quarter of this year.”

“The latest numbers from HARDI distributors are very encouraging; however, a word of caution is worthwhile given the outlook for housing, end of the tax credit, and the outlook for the commercial industry,” said HARDI chief economist, Alan Beaulieu of the Institute for Trend Research.

“Banks are beginning to lend more commercially but housing will be an ongoing lending issue. We would suggest that too much not be read into the numbers. A straight-line projection at this point could be disastrous.”

Publication date: 02/14/2011

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 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Rajan Rajendran

Rajan Rajendran, newly appointed director of the Emerson Innovation Center, talks about the new $35 million facility and how it will function on the University of Dayton campus. Posted on Aug. 29.

More Podcasts

ACHRNEWS

NEWS 08-25-14 cover

2014 August 25

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
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