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 email@example.com.
By Becca Moczygemba, firstname.lastname@example.org
Becca MoczygembaRead more from Becca Moczygemba
Latest in SMU Data and Models
SMU market survey results now available
The latest SMU 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.” Historical survey results are also available under that selection. If you need help accessing the survey results, […]
SMU survey: Buyers Sentiment Indices slip
SMU’s Current and Future Steel Buyers Sentiment Indices both fell during the week of Dec. 6, based on our most recent survey data.
SMU survey: Mills more willing to talk price on sheet, less on plate
The percentage of steel buyers saying mills were willing to budge on spot pricing has risen for all sheet products SMU surveys, according to our most recent survey data.
SMU survey: Direction of mill lead times mixed on holiday season lull
Movements in lead times were mixed in SMU’s check of the market this week – a reflection of the seasonal dip in ordering that is typically seen during the winter holiday season.
SMU price ranges: Sheet surge continues on limited spot availability
Sheet prices shot higher again this week on the heels of another round of mill price increases as well as on reports of production and supply chain issues at certain domestic producers.