Weak Residential HVAC Market Commentary

Regal Beloit reports that the residential HVAC market experienced a record year-over-year decline driven by the weak housing market and a comparison to strong 2006 performance following 13 SEER legislation.

“The residential HVAC market experienced record year-over-year decline driven by the weak housing market and a comparison to a strong 2006 industry performance which was the result of the 13 SEER legislation that went into effect in January of 2006.”

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