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Survey: HVAC Sales Strong in First Half of 2010

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.

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.

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