New Construction Market

Mid-Year 2011 Business Report Card: HVAC’s Passing Grades

By John R. Hall
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The results are in and the news is good — the post-recession era for HVAC contractors has been a bright spot, at least for the first half of 2011.
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HVAC Contractors and the Recession Part One: Its Effect on Business

By John R. Hall
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The heating and cooling trade was not immune to the woes of the recent economic recession. The HVAC trade had to learn to deal with the reality of possible loss of profits from falling revenues, a shift in the market from replacement to repair, and an influx of new business owners bent on lowering prices and lowering credibility of the trade.
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Contractor Supplies Cupcakes to Celebrate 65th Anniversary

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Lake Mechanical Contractors, an HVAC and plumbing contractor, recently donated 6,500 patriotically decorated cupcakes to GeorgeFest in celebration of its own 65th anniversary. GeorgeFest, now in its 109th year, is one of the nation’s longest-running festivals celebrating George Washington’s birthday.
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Contractors Anticipate Modest Recovery

By Joanna R. Turpin
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The economic conditions of the last few years have been tough for HVAC contractors. While some economic indicators point to a modest recovery underway, contractors may need a little more convincing, as evidenced by the Contractor Comfort Index (CCI), which decreased in the months of December and January before rising a bit in February.
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Execs Handle Hot Topics at ACCA

By Joanna R. Turpin
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Contractors attending this year’s Air Conditioning Contractors of America (ACCA) conference had a lot of burning issues on their minds concerning the HVAC industry. Thanks to the much-anticipated CEO Forum that is held at the conference every year, attendees had the opportunity to ask manufacturing leaders about those issues that directly affect their livelihoods.
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Materials Costs Rise, Contractors' Profits Don't

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Prices for construction materials increased in January 2011 by 0.9 percent, and have risen by 4.9 percent from January 2010, according to the February 16 Producer Price Index. Iron and steel prices rose 4.7 percent in January and are up 16.4 percent between January 2010 and January 2011.
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HVAC Contractors Are Bullish on 2011

By John R. Hall
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The HVAC trade has sounded off on its 2011 predictions - and it is overwhelmingly good. That is, according to 140 respondents to a recent poll at Linkedin.com, who were asked what they saw in their crystal ball for 2011. The HVAC trade - in particular, contractors - are very keen on a business uptick in 2011.
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Housing Starts Decline, but Building Permits Rise in December

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Housing starts declined 4.3 percent to a seasonally adjusted annual rate of 529,000 units in the final month of 2010, according to figures released by the U.S. Department of Commerce. However, the year-end data indicate that production of new homes improved 6.1 percent in 2010 over 2009. On another positive note, permit issuance for construction of new homes and apartments rose 16.7 percent in December.
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HVAC Contractors Predict Solid First Quarter for 2011

By Angela D. Harris
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The Congressional Budget Office (CBO) is predicting continued recovery for 2011. So is Ben Bernanke, chairman of the board of governors of the Federal Reserve System, and so are many of the contractors with whom The NEWS discussed 2011 predictions late last year. These contractors offer economic and industry predictions, as well as business tips for first quarter 2011.
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