"The big jump in shipments of central air conditioners and heat pumps could have something to do with October's sales of new homes," said William Sutton, ARI president.
"According to the Commerce Department's latest statistics, sales of new homes shot up 13 percent from September, the biggest one month gain in more than 12 years. The increase pushed sales to an all-time high seasonally adjusted annual rate of 1.42 million units."
"It's also possible that the replacement market, due to hurricane damage in the Gulf States and Florida, is contributing to the surge in shipments, but we don't have that data yet," said Sutton.
Publication date: 12/12/2005