Several HVACR manufacturers announced price increases taking effect in July, with adjustments ranging from item-specific changes to increases as high as 10%.
The Supreme Court’s refusal to hear a challenge to Section 301 tariffs leaves Chinese import duties in place and HVACR supply-chain costs under continued pressure.
Manufacturers announced June HVACR price increases ranging from modest adjustments to double-digit hikes, with flexible duct, insulation, valves, filtration products, motors, and water heaters among the affected categories.
New HVAC manufacturers are focusing on reducing installation time and costs through simpler systems, offering more affordable alternatives to traditional, labor-intensive equipment.
Carrier reported a 12% drop in Q1 residential sales, but commercial growth and pricing actions helped offset weakness amid ongoing lawsuits and market uncertainty.
Lennox weighs in on price-fixing allegations as Q1 results reveal a 10% residential drop, with pricing and commercial growth resulting in overall growth.
Two new federal complaints filed April 20 and April 22 claim major HVAC manufacturers coordinated pricing and restricted output since 2020, driving equipment costs well above inflation.