NEW RESIDENTIAL CONSTRUCTION IN MAY 2009

Building Permits
518,000

Privately owned housing units were at a seasonally adjusted rate of 518,000.

This is 4.0 percent (±1.7%) above the revised April rate of 498,000 but is 47.0% (±2.1%) below the May 2008 estimate of 978,000.

Housing Starts
532,000

Privately owned housing starts were at a seasonally adjusted rate of 532,000.

This is 17.2 percent (±14.4%) above the revised April estimate of 454,000, but is 45.2 percent (±5.8%) below the May 2008 rate of 971,000.


Source: U.S. Census Bureau News/HUD

HARDI HVACR SALES
Region This Month vs. Same Month Previous Year Percent Change (Median) 12-Month Moving Total Sales Percent Change (Median) Days Outstanding Sales
Northeast -16.5% -8.0% 52.10
Mid-Atlantic -6.8% -4.6% 57.75
Southeast -17.1% -7.2% 52.93
Great Lakes -3.0% -5.6% 51.25
Central -14.2% -2.0% 52.81
Southwest -7.6% -11.9% 51.83
West -22.5% -17.4% 56.55
Canada -8.0% 1.5% 48.26
May 2009 Median HARDI Member Sales Volume: $2,245,253

Source: Median Sales, HARDI TRENDS Report, May 2009; HARDI's monthly Trends Report is a voluntary survey of distributor members administered by The Institute for Trends Research.

NATE CORNER

Top HARDI Members Vie for Testing Honors

MAY 1 TO JUNE 30, 2009
Top 5 Testing Organizations (Regional Testing) No. of Tests
1. Comfort Air Distributing Inc., Denver, CO 96
2. US Air Conditioning Distributors, City of Industry, CA 73
3. Temperature Equipment Corporation, Lansing, MI 62
4. Mingledorff's Inc., Norcross, GA 49
5. Carrier South Carolina, Columbia, SC 47
Top 5 Testing Locations (Local Testing) No. of Tests
1. Johnstone Supply, Denver, CO 75
2. APR Supply, Lebanon, PA 32
3. Johnstone Supply, Bloomington, MN 23
4. Gustave A. Larson Company, Green Bay WI 23
5. Habbegger Corporation, Indianapolis, IN 19
If you want more information about sponsoring NATE testing, contact Kathy Corr at 703/276-7247 or kcorr@natex.org.

HEATING AND COOLING EQUIPMENT SHIPMENT REPORT

April 2009 Change from April 2008 Year to Date Change from Same Period Last Year
Central Air Conditioners and Air-Source Heat Pumps 410,932 -23% 1,366,249 -24%
Heat Pumps 129,264 -16% 484,867 -19%
Gas-Fired Warm Air Furnaces 125,000 -8.5% 543,338 -18.3%
Oil-Fired Warm Air Furnaces 2,368 -13.5% 12,356 -25%
Residential Electric Water Heaters 318,073 -8.8% 1,284,056 -10.1%
Residential Gas Water Heaters 313,653 -8.3% 1,304,957 -6.6%
Source: April 2009 Heating and Cooling Equipment Shipment, AHRI.

2009 PRIMARY MORTGAGE MARKET SURVEY® | SUMMARY PAGE WITH ALL RATE TYPES — U.S. AVERAGES

Week U.S. 30-yr FRM 30-yr fees & points U.S. 15-yr FRM 15-yr fees & points U.S. 5/1 ARM 5/1 ARM fees & points U.S. 5/1 ARM margin U.S. 1-yr ARM 1-yr ARM fees & points U.S. 1-yr ARM margin 30-yr FRM/1-yr ARM spread
6/4 5.29 0.7 4.79 0.7 4.85 0.6 2.75 4.81 0.6 2.75 0.48
6/11 5.59 0.7 5.06 0.7 5.17 0.6 2.75 5.04 0.7 2.74 0.55
6/18 5.38 0.7 4.89 0.7 4.97 0.6 2.74 4.95 0.6 2.74 0.43
6/25 5.42 0.7 4.87 0.7 4.99 0.7 2.74 4.93 0.7 2.76 0.49
7/2 5.32 0.7 4.77 0.7 4.88 0.7 2.74 4.94 0.6 2.75 0.38
Source: Freddie Mac, July 2, 2009