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HVAC equipment distributors report a strong 2010 so far, driven largely by weather, momentum from residential tax credits and pent-up demand from delayed replacement sales, according to the second annual Mid-Season HVAC Distributor Survey.
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The survey, completed by Heating, Airconditioning and Refrigeration Distributors International (HARDI) in partnership with JP Morgan Equity Research, compiled results from more than 100 HARDI HVAC equipment distributors.
Concerns about a still-sluggish commercial recovery, continued lack of consumer and commercial credit, and price pressures weigh down otherwise generally-optimistic outlooks for 2010.
While over 90% of respondents considered the residential tax credits positive for business, over half shared concerns that a failure to extend the tax credits beyond this year could have a negative effect on 2011 by pulling through some demand.