NEW RESIDENTIAL CONSTRUCTION IN JULY 2009

Building Permits

Privately owned housing units were at a seasonally adjusted rate of 560,000.

This is 1.8 percent (±1.4%) below the revised June rate of 570,000 and is 39.4% (±1.8%) below the July 2008 estimate of 924,000.

Housing Starts

Privately owned housing starts were at a seasonally adjusted rate of 581,000.

This is 1.0% percent (±8.5%) below the revised June estimate of 587,000, and is 37.7 percent (±5.1%) below the July 2008 rate of 933,000.

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 -23.3% -10.4% 51.55
Mid-Atlantic -17.8% -10.7% 51.71
Southeast -20.5% -13.1% 53.90
Great Lakes -16.4% -8.6% 49.15
Central -20.0% -8.3% 47.60
Southwest -3.3% -9.8% 43.28
West -14.6% -17.6% 52.85
Canada -5.6% -1.8% 45.37
July 2009 Median HARDI Member Sales Volume: $2,465,000
Source: Median Sales, HARDI TRENDS Report, July 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

July 1 to August 31, 2009

Top 5 Testing Organizations (Regional Testing) No. of Tests
1. S. G. Torrice Company, Wilmington, MA 39
2. Gensco, Tacoma, WA 26
3. Young Supply Company, New Baltimore, MI 23
4. Airefco Inc., Fife, WA 20
5. Mar-Hy Distributors, Milwaukie, OR 18
Top 5 Testing Locations (Local Testing) No. of Tests
1. MSI HVAC, Fontana, CA 30
2. CFM Distributors, Kansas City, MO 20
3. Johnstone Supply, Bloomington, MN 16
4. Johnstone Supply, Denver, CO 8
5. Johnstone Supply, Oakland, CA 7

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
June 2009 Change from June 2008 Year to Date Change from Same Period Last Year
Central Air Conditioners and Air-Source Heat Pumps 788,825 -17% 2,785,134 -18%
Heat Pumps 229,716 -15% 917,460 -13%
Gas-Fired Warm Air Furnaces 203,937 -12.5% 895,614 -15%
Oil-Fired Warm Air Furnaces 4,027 -5% 18,469 -21.6%
Residential Electric Water Heaters 328,330 -24.6% 1,900,000 -13.2%
Residential Gas Water Heaters 310,495 -27.5% 1,900,000 -11.4%
Source: June 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
8/13 5.29 0.7 4.68 0.7 4.75 0.6 2.74 4.72 0.4 2.74 0.57
8/20 5.12 0.7 4.56 0.7 4.57 0.6 2.74 4.69 0.5 2.75 0.43
8/27 5.14 0.7 4.58 0.7 4.67 0.6 2.74 4.69 0.6 2.73 0.45
9/3 5.08 0.7 4.54 0.6 4.59 0.6 2.74 4.62 0.6 2.76 0.46
9/10 5.07 0.7 4.50 0.7 4.51 0.5 2.74 4.64 0.6 2.75 0.43
Source: Freddie Mac, August 6, 2009