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After enduring a unique set of challenges through 2020 and 2021, industry experts are excited to move forward into another high-demand year. The excitement is coupled with caution, as supply chain constraints, material pricing and labor shortages are not expected to resolve themselves in the near future.
On a trailing 12-month basis, respondents reported average sales 11.1% in May of 2021 as compared to 7.3% in April 2021, when compared to the 2020 data.
In yet another recent conversation centered around the pandemic, I was truly impressed with a Philadelphia-based rep agency and its immediate ability to adapt.
Dodge Data & Analytics released its 2020 Dodge Construction Outlook. The report predicts that total U.S. construction starts will slip to $776 billion in 2020, a decline of 4% from the 2019 estimated level of activity.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing the average sales performance by HARDI distributors was a decline of 2.8% during June 2019.