Economic outlook - Articles - Page 3

State of the HVAC Industry 2024: Manufacturers

HVAC Industry Gears Up For Challenges in 2024

Inflation and higher interest rates may dampen demand, but IRA could provide opportunities

February 8, 2024

The HVAC industry faces challenges in 2024 from inflation, higher interest rates, and HFC production cuts. However, regulatory support for eco-friendly systems could provide growth opportunities, leading manufacturers to be optimistic about the year ahead.

State of the HVAC Industry 2024: Contractors

Contractors Navigate Shifts in HVAC Residential, Commercial Markets

Workforce, price increases, and increased consumer knowledge among top trends for 2024

Hannah Belloli-Oster

February 7, 2024

Industry experts examine the current outlook of the commercial and residential HVAC market and forecasts of what the next five years will bring.

The Economy’s Impact on the Construction Industry in 2024

Dr. Anirban Basu, Chief Economist for SMACNA, shares some predictions for the upcoming year

Stacey Winconek

December 14, 2023

“It’s not time for complacency. It’s not time for the status quo. It’s time to embrace the risk and deal with it aggressively," Basu said.

Five Strategies to Wake Up Growth in the Face of a Slowdown

It’s been hot, but the calls aren’t coming in like they were last year

Chris Hunter

August 29, 2023

The expectations were high after coming off of the COVID-era growth rates, but the reality is many contractors are finding themselves confronting an unanticipated slumber to summer.

HVAC, Plumbing, and Electrical Market Perspectives — Summer 2023

The back half of 2023 should remain active but at volume levels below those seen over the last couple of years

Will Schryver

July 7, 2023

Contractors focused primarily on service, maintenance, and repair should continue to see steady, healthy growth, even in a slowing economic environment.

Majestic Steel Releases June 30 Steel Market Report

Steel production comes in higher, but at 4.8% less than this time last year

Austin Keating

July 3, 2023

Majestic Steel analysts investigate a wide range of economic indicators like iron ore, steel production and the U.S. economy.

5 Reasons to be Positive About the HVAC Industry

Recent history shows HVAC contractors can expect a resilient industry

Kyle Gargaro

June 26, 2023

Here are five reasons HVAC contractors should be positive about the short- and long-term future of the industry.

Majestic Steel Releases May 30 Steel Market Report

Steel production is up for the year, with inputs like zinc and coal down significantly owing to less demand from China

Austin Keating

May 30, 2023

Majestic Steel analysts investigate a wide range of economic indicators like coking coal and steel production in their recent market report.

HVAC Contractors Should Stick to the Fundamentals in Tough Times

Despite all the outside noise, contractors shouldn’t panic

Matt Jachman

May 17, 2023

The economy might be on shaky ground right now, but HVAC contractors can come out the other side by not panicking, being deliberate, and taking advantage of the opportunities that are there.