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Ferguson residential plumbing sales stay flat as broader business grows

Ferguson residential plumbing sales stay flat as broader business grows

"New residential construction activity has been weak, and repair, maintenance and improvement (‘RMI’) work remains soft," the company said Monday

AC, heat pump unit volumes split by efficiency rating: HARDI

AC, heat pump unit volumes split by efficiency rating: HARDI

HARDI distributors’ combined unit volumes for air conditioners, heat pumps, and furnaces fell 8.2 percent over the 12 months through May 2026, compared to the prior 12-month period. But that decline isn’t uniform

Former HVAC school named in report of $300 million trade school fraud

Former HVAC school named in report of $300 million trade school fraud

Retail Ready Career Center in Garland, Texas, charged around $20,000 for a six-week “boot camp” that trained veterans to become HVAC technicians

Roto-Rooter residential revenue edges up — but lead costs bite

Roto-Rooter residential revenue edges up — but lead costs bite

The company’s adjusted EBITDA margin declined slightly in the second quarter, driven by “increased internet marketing costs”

Economy

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Ferguson residential plumbing sales stay flat as broader business grows

Ferguson residential plumbing sales stay flat as broader business grows

"New residential construction activity has been weak, and repair, maintenance and improvement (‘RMI’) work remains soft," the company said Monday

Lennox posts 12% drop in residential unit volume, cuts full-year outlook

Lennox posts 12% drop in residential unit volume, cuts full-year outlook

While the result was weaker than expected, the pace of decline eased compared to earlier this year

Carrier tops residential sales expectations, raises full-year outlook

Carrier tops residential sales expectations, raises full-year outlook

“Fundamentally, it feels to us like we’re getting back to basics, and we’re heading back to it being a replacement market,” CEO Dave Gitlin said Tuesday

Lowe’s skilled trades investment tops $60 million

Lowe’s skilled trades investment tops $60 million

The Lowe’s Foundation on Monday announced nearly $8 million in grants to 10 community and technical colleges across the U.S.

AC, heat pump unit volumes split by efficiency rating: HARDI

AC, heat pump unit volumes split by efficiency rating: HARDI

HARDI distributors’ combined unit volumes for air conditioners, heat pumps, and furnaces fell 8.2 percent over the 12 months through May 2026, compared to the prior 12-month period. But that decline isn’t uniform

BlackRock, Carhartt, Ford, Google launch skilled trades alliance

BlackRock, Carhartt, Ford, Google launch skilled trades alliance

“No single company or industry can prepare a country for this opportunity on its own,” executives from the four companies wrote Tuesday

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New bill would cement DOE appliance standard overhaul

New bill would cement DOE appliance standard overhaul

Utah Senator Mike Lee has introduced a bill that would overhaul how the Department of Energy sets energy efficiency standards for home appliances, including ACs and water heaters

Former HVAC school named in report of $300 million trade school fraud

Former HVAC school named in report of $300 million trade school fraud

Retail Ready Career Center in Garland, Texas, charged around $20,000 for a six-week “boot camp” that trained veterans to become HVAC technicians

Senators urge DOE to withdraw proposed appliance standards rule

Senators urge DOE to withdraw proposed appliance standards rule

The proposal would update the agency’s “Process Rule” used to establish energy conservation standards for household appliances and equipment, including air conditioners and water heaters

U.S. states sue EPA over refrigerant rule change

U.S. states sue EPA over refrigerant rule change

As the AIM Act phases down total HFC supply, some argue a late-May EPA rule will “artificially” inflate demand, putting upward pressure on refrigerant prices, including in residential HVAC

Bay Area proposes delaying first-of-its-kind gas water heater ban

Bay Area proposes delaying first-of-its-kind gas water heater ban

“We heard from homeowners that the cost and logistics of switching to cleaner appliances can be real barriers, and we have responded by proposing common sense solutions,” said Philip Fine, executive officer of the Bay Area Air District

Natural gas heating could become a constitutional right in Colorado 

Natural gas heating could become a constitutional right in Colorado 

The initiative reflects an ongoing push-pull over the banning of natural gas appliances, including HVAC equipment, in newly constructed homes across the U.S.

M&A

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Owens Corning hit with unsolicited acquisition offers, WSJ says

Owens Corning hit with unsolicited acquisition offers, WSJ says

Carlisle — which owns several roofing material brands, including Versico and WeatherBond — has made the offers in recent months

Lennox to buy Comfort-Aire, Century parent

Lennox to buy Comfort-Aire, Century parent

The deal comes less than a year after Lennox paid $550 million for the HVAC division of NSI Industries, home to several parts and accessories brands

Q&A: The roofing M&A landscape
Exclusive

Q&A: The roofing M&A landscape

In conversation with Aaron Toomey, Managing Director at home services-focused investment bank Anchor Peabody

May’s most popular stories

May’s most popular stories

Some big-money action, an EPA rule change, and ChatGPT's local business ads

Apex Service Partners to receive minority investment at $10 billion valuation 

Apex Service Partners to receive minority investment at $10 billion valuation 

Founded in 2019 with backing from California-based Alpine Investors, Apex is the largest private equity-backed residential HVAC, plumbing, and electrical platform in the U.S.

USA Hometown Experts exploring sale, reports say

USA Hometown Experts exploring sale, reports say

While the reported process is in the early stages, it follows a string of private equity-backed platform activity this year

Management

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Roto-Rooter residential revenue edges up — but lead costs bite

Roto-Rooter residential revenue edges up — but lead costs bite

The company’s adjusted EBITDA margin declined slightly in the second quarter, driven by “increased internet marketing costs”

NWS issues final August temperature outlook

NWS issues final August temperature outlook

The final outlook widened the zone forecast to experience above-normal temperatures during the month to much of the lower 48 states

Meet the Contractor: Amber DeLong, DeLong & Sons HVAC

Meet the Contractor: Amber DeLong, DeLong & Sons HVAC

"When I grew up, my dad ran a local dealership, and I worked there for years. I think that background really prepared me as a business owner in this world"

Texas roofing operator cites storm chasers, rising material costs as market pressure points

Texas roofing operator cites storm chasers, rising material costs as market pressure points

In conversation with Matt Werling, owner of Cedar Park-based Regenesis Roofing

Former NFL quarterback joins Florida roofing company

Former NFL quarterback joins Florida roofing company

The former Jaguars star is joining NEXGEN Roofing in an open-ended role that will be chronicled in a six-part video series

No debt, no shortcuts: How a veteran-owned roofing company is doing business with purpose
Exclusive

No debt, no shortcuts: How a veteran-owned roofing company is doing business with purpose

In conversation with Georgia-based Bravo Roofing owner Wes McClure

Technology

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Apple shuts home service contractors out of upcoming Maps ads

Apple shuts home service contractors out of upcoming Maps ads

The decision “sets Apple apart from Google, where Local Services Ads are one of the company’s largest local advertising categories”

Nest adds compressor alerts

Nest adds compressor alerts

As part of Nest’s six-year-old System Health Monitor feature, thermostats can now detect potential issues with compressors, in particular

ChatGPT ads to go performance-based

ChatGPT ads to go performance-based

Advertisers would reportedly pay only when certain actions are taken, including appointment bookings

Avoca co-founders on a $1 billion valuation, tomorrow’s CSRs, and AI’s trust dilemma 
Exclusive

Avoca co-founders on a $1 billion valuation, tomorrow’s CSRs, and AI’s trust dilemma 

In late April, the home services-focused AI company announced that it has raised over $125 million in funding since its 2022 inception, most recently clinching a $1 billion valuation

NYC program deploys plug-in power banks for window AC units

NYC program deploys plug-in power banks for window AC units

CEO Andrew Wang told Homepros that the program launched last summer with 100 units and has expanded to roughly 1,000 this month

ChatGPT ads now open to local service businesses

ChatGPT ads now open to local service businesses

Through a new self-serve Ads Manager, businesses can create and manage their own ad campaigns on a cost-per-click (CPC) basis