HARDI announced North American HVACR average
distributor sales for December closed out 2010 in line with the association’s
forecast; but failed short of most manufacturer and analyst projections going
into the year.
Overall
nonresidential construction spending is expected to decrease by two percent in
2011, with 2012 seeing an increase of five percent in inflation adjusted terms.
A year-end business
conditions survey by the North Central Wholesalers Association (NCWA) reveals that
positive sales continued for the year for distributors in the region.
According to the Fourth Quarter U.S.
Construction Briefing by IHS Global Insight’s Construction Service, U.S. construction spending will be
flat in 2011, pushed higher by positive second half gains in the residential
and commercial sectors.
HD Supply reported net sales for the 2010
fiscal 3rd quarter ended October 31, 2010, of $2.0 billion, an increase of $61
million, or 3.2%, compared to the 3rd quarter of FY 2009.
According to the Canadian Institute Of Plumbing
& Heating (CIPH), PHCP wholesalers’ October sales were up 1.5% or up $7
million compared to October 2009.