3 charts for contractors to watch
With one month down in a pivotal year for the HVAC industry, here are a few charts worth keeping an eye on
Economy
U.S. standby generator demand pops in 2024
The U.S. saw 1.2 billion power outage hours during the first nine months of 2024, the most since 2010, says Generac's CEO
Home services spending slows, but outlook stays strong
U.S. homeowners, on average, spent 12 percent less on improvements, maintenance, and emergency repairs in 2024 than in 2023
U.S. vocational schools see second year of double-digit growth
Enrollment at public two-year schools with a “high vocational focus” grew 13.6 percent in Fall 2024, the second year of double-digit growth
HVAC distributor sales dip in November
HARDI distributors saw a slight decrease in November revenue, compared to the previous year, according to a new report
U.S. heating demand climbs 12% in December
The number of December Heating Degree Days jumped 12 percent compared to 2023, according to data from the National Weather Service
Carrier to train 100,000 technicians
Carrier on Monday announced a new initiative to hire 1,000 service technicians and train an additional 100,000
HVAC shipments soar 55% in November
The increase marks eight consecutive months of growth and puts year-to-date shipments 11 percent above 2023
$13 billion HVAC disruption averted in port deal
An agreement was reached on Wednesday, preventing a port strike that could have impacted roughly $13 billion worth of HVAC goods
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