Residential and non-residential construction are headed in two different directions due to the coronavirus pandemic. New home construction is booming, especially in some areas of the country. Commercial projects are more of a mixed bag. This creates challenges for HVAC contractors in both segments.
Both sectors saw major declines in the late winter/early spring as states shut down most construction projects. They bounced back going into the summer as those restrictions were lifted. Then in the mid-summer, they started to diverge.