Shipments of tractors and combines continued to rebound in March, however that is mainly due to seasonality. March tractor and combine shipments (U.S. and Canada) totaled 18,066 units, up 68.1% from February, but was still down 11.0% from March last year.
After a slow start to the year, new home sales rebounded in February. February new home sales came in at a 676,000 unit rate, up 1.8% from January and up 5.1% from February 2024.
New residential construction rebounded in February after starting off the year on a slow note. February new housing starts came in at a 1.501 million unit rate, up 11.2% from January, but still down 2.9% compared to the 1.546 million unit rate in February 2024.
Shipments of HVAC equipment started the year on a stronger note after sliding the previous two months. HVAC equipment shipments totaled 1.669 million units, up 8.6% from December, but were down 0.6% from the 1.678 million unit total in January 2024.
