Post-Hurricane Floyd HVAC Market Impact

Hurricane Floyd created a massive forced market for HVAC replacement and repair across the Eastern Seaboard, from Florida to Maryland. Thousands of condensing units, furnaces, and other equipment were destroyed, extending the service season for contractors but at a terrible cost. Many small contractors face weeks of recovery before they can begin servicing customers, complicated by widespread lack of flood insurance and customer inability to pay.

“The region’s hvac dealers, from Florida to Maryland, face a huge, forced market: the tens of thousands of condensing units, furnaces, and other equipment. And it will be weeks before they can get their own operations functioning before they can start dispatching service techs to their customers’ buildings.”

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