U.S. cooling demand rises 12% in 2024

U.S. cooling demand rises 12% in 2024

The number of nationwide Cooling Degree Days jumped 12 percent compared to 2023, according to data from the National Weather Service

The FTC banned fake, deceptive reviews. Here’s what it means for contractors

The FTC banned fake, deceptive reviews. Here’s what it means for contractors

As of October 2024, "purchasing" fake reviews by offering customers discounts is banned, along with a few similar practices

Economy

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U.S. cooling demand rises 12% in 2024

U.S. cooling demand rises 12% in 2024

The number of nationwide Cooling Degree Days jumped 12 percent compared to 2023, according to data from the National Weather Service

Housing indicators paint mixed picture for 2025 HVAC demand

Housing indicators paint mixed picture for 2025 HVAC demand

U.S. existing home sales, a leading indicator of replacement demand, have stabilized, but mortgage rates remain elevated

HVAC Wrapped: 2024 in Review

HVAC Wrapped: 2024 in Review

A lot happened in 2024, so we rounded up some highlights, by quarter, as the year winds down

October HVAC shipments grow at highest rate in three years

October HVAC shipments grow at highest rate in three years

The industry has staged a comeback from 2023, with a promising replacement backdrop heading into the next two years

Legal

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AHRI calls on industry to protect HVAC tax credit

AHRI calls on industry to protect HVAC tax credit

The incoming Congress is considering eliminating certain tax credits, including the industry-favored 25C credit, to pay for a tax bill

Court suspends reporting requirements for small businesses

Court suspends reporting requirements for small businesses

The law, known as the Corporate Transparency Act (CTA), would have affected 32 million businesses nationwide

What Trump’s EPA pick could mean for contractors amid HFC phasedown

What Trump’s EPA pick could mean for contractors amid HFC phasedown

There’s a new wildcard in the mix of the HFC phasedown: Donald Trump’s November 11 nomination of Lee Zeldin to run the Environmental Protection Agency

DOE’s gas furnace rule challenged in court

DOE’s gas furnace rule challenged in court

The rule, per the American Gas Association, "effectively bans the sale of non-condensing natural gas furnaces"

M&A

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Rheem parent to buy Fujitsu’s HVAC business for $1.6 billion

Rheem parent to buy Fujitsu’s HVAC business for $1.6 billion

The deal marks the third major OEM acquisition announced in the past six months

Our most-read stories of December

Our most-read stories of December

M&A, international expansion, and what’s next for the HFC phasedown

Apex Service Partners acquires technology company

Apex Service Partners acquires technology company

The nation's largest residential HVAC consolidator has acquired three-year-old tech company HomeBreeze

“As long as we were hitting our numbers, they left us alone,” says contractor on private equity

“As long as we were hitting our numbers, they left us alone,” says contractor on private equity

Post Close is a monthly series anonymously highlighting the thoughts of HVAC contractors who have sold their businesses to a private-equity-backed platform

Management

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The FTC banned fake, deceptive reviews. Here’s what it means for contractors

The FTC banned fake, deceptive reviews. Here’s what it means for contractors

As of October 2024, "purchasing" fake reviews by offering customers discounts is banned, along with a few similar practices

Our 2025 Plan

Our 2025 Plan

A peek at some of our plans for the new year

Our most-read stories of November

Our most-read stories of November

M&A, going public, and what's to come in 2025

Q&A: Capital HVAC owner on call-by-call management

Q&A: Capital HVAC owner on call-by-call management

By supporting technicians in real time on every service call, the company's generating more revenue out of fewer calls

Technology

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ServiceTitan is now a public company

ServiceTitan is now a public company

After more than a decade as a private company, ServiceTitan brought the trades to Wall Street — and made its public debut

Yelp makes updates to boost contractor advertising

Yelp makes updates to boost contractor advertising

Yelp rolled out over 20 product updates as part of a larger initiative to improve its advertising offerings

Inside ServiceTitan’s pitch to the public

Inside ServiceTitan’s pitch to the public

ServiceTitan published a 300-page document outlining its industry outlook, financial performance, and future plans

ServiceTitan mulling IPO before year-end

ServiceTitan mulling IPO before year-end

The company has been waiting for "favorable market conditions," according to an investor