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Economy

Mapped: The economic impact of the U.S. plumbing industry
Plumbing

Mapped: The economic impact of the U.S. plumbing industry

New research highlights the total economic impact of residential and commercial plumbers by state

Meet Josh Cecil, who’s throwing a music festival to celebrate the trades
HVACPlumbing

Meet Josh Cecil, who’s throwing a music festival to celebrate the trades

His upcoming TradeUp Fest will highlight the industry with music and storytelling

Most of U.S. set for above-normal temps in September: Outlook
HVAC

Most of U.S. set for above-normal temps in September: Outlook

Roughly two-thirds of the United States is predicted to face above-normal temperatures to kick off the fall

Lowe’s earnings reaffirm ‘cautious’ consumer trend
HVACPlumbing

Lowe’s earnings reaffirm ‘cautious’ consumer trend

The company’s CEO says the homeowner “remains under pressure” in an uncertain economy

Homeowners remain ‘hesitant’ on big-ticket projects: Home Depot
HVACPlumbing

Homeowners remain ‘hesitant’ on big-ticket projects: Home Depot

They're "worried about inflation, about fuel costs, and about general uncertainty," CFO Richard McPhail said Tuesday

Residential gas, electric water heater shipments cool through June
Plumbing

Residential gas, electric water heater shipments cool through June

U.S. shipments of gas and electric residential storage water heaters from January to June are down 3.6 and 5.4 percent year-over-year, respectively, per AHRI

HVAC shipments jump in June, extending recovery streak
HVAC

HVAC shipments jump in June, extending recovery streak

Shipments of air conditioners drove the month’s trend, growing 26.8 percent year-over-year, while heat pump shipments increased by 15.1 percent

Ferguson residential plumbing sales stay flat as broader business grows
HVACPlumbing

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
HVAC

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
HVAC

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