New construction in the residential, commercial, and industrial sectors has increased demand
December 21, 2015
The global HVAC market is forecast to grow steadily at a compound annual growth rate (CAGR) of 7 percent from 2016 to 2020, according to a new report available from ReportsnReports. Rapid growth in the construction and real estate markets worldwide is having a positive impact on the HVAC market.
US construction market to grow faster than China over next 15 years
December 2, 2015
A new report, “Global Construction 2030,” forecasts that the volume of construction output will grow by 85 percent to $15.5 trillion worldwide by 2030, with three countries — China, the U.S., and India — leading the way and accounting for 57 percent of all global growth.
Leading Markets Index shows nationwide average running at 93 percent of normal activity
November 11, 2015
Markets in 79 of the approximately 360 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2015, according to the latest National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI).
Program aims to increase geothermal heating and cooling adoption in new construction
October 22, 2015
A new, national program from Carrier and Orca Energy, a leading geothermal utility provider, is designed to makes geothermal heating and cooling more accessible in new construction homes. Orca Energy will provide financing for geothermal earth loops in new residential developments with the purchase of a Carrier geothermal system.
Minnesota-based mechanical contractor adds executive to its leadership team
September 17, 2015
Harris Companies, a leading national mechanical contractor with several locations across the country, has announced the appointment of Michel Michno as the company’s new president of construction. Michno has more than 30 years of construction industry experience.
Goodrich and team restructure Sonoran Air, saving 124 jobs
August 28, 2015
Kenneth Goodrich, CEO of US Peach LLC, a provider of HVAC and plumbing services under multiple brands, has announced the turnaround and sale of one of its portfolio companies, Phoenix-based Sonoran Air, to Mauro Calderon.
The $680 million tower currently has 442 units for sale with prices starting at $850,000
August 21, 2015
The Millennium Tower, a luxurious condo-and-retailer tower in Boston, will incorporate Schöck Isokorb® structural thermal breaks in the terraces at the penthouse levels to ensure thermal comfort in the city’s tallest and most expensive residential building.
Looking for information on ‘high-performance energy efficiency measures’
August 18, 2015
The U.S. Department of Energy’s (DOE’s) Building Technologies Office has released a request for information seeking stakeholder input on the design and construction of tenant spaces that achieve high levels of energy efficiency in commercial buildings.
After years of growth, multifamily housing sector showing signs of slowing
August 10, 2015
Paced by continued demand for projects such as new education and health care facilities, public safety, and government buildings, the Architecture Billings Index (ABI) increased in June following fluctuations earlier this year.
Stars are aligning for the residential HVAC market, while the commercial market is seeing a steady recovery
August 10, 2015
The global HVAC equipment market is positioned for another year of above-average growth, with the fundamentals in place for the United States that are the best in over 10 years, according to a report from Chisult Insight Co. Ltd.