• Industry Updates

    Oct. 1, 2009
    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

    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 SALESRegionThis Month vs. Same Month Previous Year Percent Change (Median)12-Month Moving Total Sales Percent Change (Median)Days Outstanding SalesNortheast -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 Tests1. 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 Tests1. 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 [email protected].

    HEATING AND COOLING EQUIPMENT SHIPMENT REPORTJune 2009Change from June 2008Year to DateChange from Same Period Last YearCentral 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. AVERAGESWeekU.S. 30-yr FRM30-yr fees & pointsU.S. 15-yr FRM15-yr fees & pointsU.S. 5/1 ARM5/1 ARM fees & pointsU.S. 5/1 ARM marginU.S. 1-yr ARM1-yr ARM fees & pointsU.S.1-yr ARM margin30-yr FRM/1-yr ARM spread8/13 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