In research contained in a recent whitepaper by distribution software solutions provider DDI System , 87% of products stocked by plumbing and HVAC distributors that DDI System studied should be classified as sporadic. 2.8 million The NKBA Size of the Industry Report also shows annual new-home construction adds roughly 1.2 millio n kitchens and 2.8 millio n bathrooms to the marketplace. 2020 The same DDI System whitepaper references Deloitte’s 2016 Global Manufacturing Competitiveness Index (a survey of more than 500 CEOs and senior executives of the world’s leading manufacturers) that shows the U.S. is expected to take over the top spot as the most competitive manufacturing nation in the world by 2020 (it ranks No. 2 currently behind China). 3.6% Sales for ASA members climbed 3.6% in July compared to the same month last year. This growth rate is toward the lower bound of the forecast range, according to the latest installment of the ASA Advisor from IT R Economics (full report available to all ASA members). Also from the report, sales likely will trend toward the lower bound of the forecast range for the rest of 2016, finishing the year 4.9% ahead of 2015. $ 31 billion New research from the National Kitchen & Bath Association shows remodeling of American kitchens and bathrooms represents a $31 billion annual industry, or 25% of the overall $125 billion US. Remodeling market OIL 7 Baker Hughes Inc.. reported the U.S.rig count at 447 as of mid-July, an increase of seven from the prior week, but a decrease of 410 dating back to July 17, 2015. The average U.S. rig count for Ju n e was 417 , up nine from the 408 counted in May 2016 and down 444 from the 861 counted in June 2015. 13.6% From AHRI’s U.S. heating and cooling equipment shipment data, U.S. shipments of residential gas storage water heaters for May 2016 decreased 13.6% to 340,984 units, down from 394,780 units shipped in May 2015. Residential electric storage water heater shipments decreased 5.5% in May, while commercial gas storage water heater shipments increased 8.3% in May. U.S. shipments of central air conditioners and air-source heat pumps totaled 748,236 units in May, up 1.5% from May 2015 totals.
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