In Canada: Equipment Up, Housing Down
Commercial air conditioning jumped 19%, residential air conditioning was up 12%, and chillers increased 18%.
Residential furnace shipments, on the other hand, declined by 11% for the quarter.
The Canada Mortgage and Housing Corporation (CMHC) reported that the annual rate of housing starts in the country decreased by 5.4% to 158,300 units in April compared to 167,300 in March.
Urban single-unit starts dropped 12.7% vs. March, while multiple units grew 4.9%.
— Greg Mazurkiewicz