Items Tagged with 'industry outlook'

Plumbing and HVAC contractors navigated a year of challenges and opportunities, with rising demand for energy-efficient systems amid labor shortages. As we look to 2025, growth is expected in commercial sectors like data centers and healthcare, alongside increased home repairs. The focus on sustainability and technology will drive innovation in the industry.

Finding, training, and retaining employees will continue to be a challenge moving into next year. With many homeowners still feeling the pinch of inflation, contractors will notice that more potential customers are price-shopping.

These results highlight survey responses from more than 1,000 residential service contractors around the U.S.

Dodge Data & Analytics released its 2020 Dodge Construction Outlook. The report predicts that total U.S. construction starts will slip to $776 billion in 2020, a decline of 4% from the 2019 estimated level of activity.

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing the average sales performance by HARDI distributors was a decline of 2.8% during June 2019.