Honeywell’s Economic Outlook includes an examination of the residential central heating market. After hitting a peak in 1999, heating is expected to ease down a bit.
Residential heating equipment shipments increased to 5.72 million units last year, a 5% increase. This was the third record shipment year in the last four. A strong housing market buoyed the heating industry through the first quarter of 2000. As the pace of housing construction decelerated, heating equipment slowed down as well.