Downstream Products
January 9, 2026
AHRI: Equipment shipments tumbled to nine-year low in November
Written by Brett Linton
Shipments of heating and cooling equipment fell for the sixth straight month in November, reaching the lowest rate seen since October 2016, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). November is typically one of the weaker shipping months of the year, but this November came in much softer than usual.
November shipments totaled 1.33 million units, down 5% from October and 21% less than the same month last year (Figure 1, left). Shipments of water heaters, warm-air furnaces, and air conditioners/heat pumps all declined month over month (m/m).
