SMU Data and Models
AHRI: Shipments Up in February
Written by Becca Moczygemba
April 14, 2023
US heating and cooling equipment shipments were up in February, according to recently released data from the Air Conditioning, Heating, and Refrigeration Institute (AHRI).
Total shipments in February were 1.69 million units, compared to 1.65 million in January. While shipments were up month-over-month (MoM), they were down 8% year-over-year (YoY).
On a 12-month moving average (12MMA) basis, shipments were modestly lower at 1.91 million units per month vs. 1.92 million units in February 2022.
As shown in the chart below, total heating and cooling shipments on a three-month moving average (3MMA) basis through February were down 9% compared with the same period last year. All told, shipments were down nearly 20% in the first two months of 2023.
Residential and commercial storage water heater shipments decreased 1% YoY to a combined 803,673 units in February, but increased MoM from 784,174 units.
February shipments of warm air furnaces totaled 233,469 units, a decrease of 10% compared to January.
Central air conditioners and air-source heat pump shipments were up 7% MoM but dropped by 11% YoY. Units shipped in February totaled 649,856. When broken down by product, 342,814 air conditioners and 307,042 heat pumps were shipped.
The full press release from which this data comes from is available on the AHRI website.
An interactive history of heating and cooling equipment shipment data is available on our website. If you need assistance logging in to or navigating the website, please contact us at info@steelmarketupdate.com.
By Becca Moczygemba, becca@steelmarketupdate.com
Becca Moczygemba
Read more from Becca MoczygembaLatest in SMU Data and Models
Survey says: Tariff whiplash replay activated
If you’re feeling a sudden jerk and a case of tariff whiplash coming on, you’re not alone.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
SMU Survey: Steel Buyers’ Sentiment sinks to near pandemic levels
SMU’s Steel Buyers’ Sentiment Indices moved in opposing directions this week. Our Current Steel Buyers’ Sentiment Index sharply fell to one of the lowest levels recorded in five years, while Future Buyers’ Sentiment marginally improved.
SMU Survey: Mill lead times tick higher after late-May lows
All five of the averages for sheet and plate mill lead times tracked by SMU extended moderately this week, according to buyers responding to our latest market survey.
SMU Survey: Mills less negotiable on sheet prices, buyers say
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet products than they were in recent weeks, but remain open to bargain on plate prices.