Warmly Yours Reports on Q2's Growth in Major Markets

Lake Zurich, IL, August 23, 2017-According to a recent industry report, sales of electric radiant heating products are expected to grow in several major metropolitan markets across the country in Q3 2017.

WarmlyYours Radiant Heating released its “2017 Second Quarter Industry Report” earlier this week. One of the most significant findings in the report was the substantial sales growth in several major metro markets, including Chicago, Illinois (12.7%); Los Angeles, California (19.1%); Seattle, Washington (66.8%); and Minneapolis, Minnesota (20.1%) in Q2 2017. The growth in these markets was largely fueled by sales of electric floor heating systems.

According to the report, “[WarmlyYours was] able to identify that all of these markets showed median home value increase of nearly 10% between June 2016 and June 2017, with each projecting varying degrees of growth in Q3 of this year. This tells us that these markets have not yet reached a point of price saturation (which could stall sales of existing homes). Because of this, we expect to see these markets continue to provide growth, particularly in floor heating sales.”

The projections in the report estimate continued growth in these metro markets. WarmlyYours expects to see Q3 in radiant heating sales of 10% in Seattle, 7% in Minneapolis, and 5% in both Chicago and Los Angeles.