The HVAC market likely faces changes following the economic disruption caused by the coronavirus outbreak. How that will impact HVAC contractors remains unknown. One concern comes from a slowdown in new-home construction. The outlook there seems better than a month ago, with the latest study from the National Association of Home Builders (NAHB) showing increased confidence in a rebound.
Growth will likely prove uneven, however. The NAHB projects increased growth in smaller markets as people and companies relocate from large cities. At the same time, NAHB expects a slowdown in home construction for retirement areas as people stay on the job to make up for losses caused by the stock market downturn.