Americas Construction Building Products AHRI April Read-Throughs

The report details April 2026 shipment data for the North American construction sector, noting a 3% decline in residential water heaters and a 2% decline in commercial water heaters. Conversely, HVAC segments showed year-over-year growth of 5% in residential and 14% in commercial units.

Key Takeaways

• 1.Residential water heater units declined 3% year-over-year in April, while commercial shipments fell 2%.
• 2.HVAC shipments showed growth with residential up 5% and commercial up 14% year-over-year in April.
• 3.Industry pricing remains a focal point as manufacturers prepare for price increases and adjust to shifting regulatory mandates.

Table of Contents

• Water Heaters
• HVAC
• Residential HVAC: +5%
• Commercial HVAC: +14%
• Implications for HVAC-Exposed Multis:
• Disclosure Appendix