• Industry Updates

    March 1, 2010
    NEW RESIDENTIAL CONSTRUCTION IN DECEMBER 2009 Building Permits653,000 Privately owned housing units were at a seasonally adjusted annual rate of 653,000.

    NEW RESIDENTIAL CONSTRUCTION IN DECEMBER 2009

    Building Permits
    653,000

    Privately owned housing units were at a seasonally adjusted annual rate of 653,000.

    This is 10.9 percent (±2.4%) above the revised November rate of 589,000 and is 15.8 percent (±2.9%) above the December 2008 estimate of 564,000.

    Housing Starts
    557,000

    Privately owned housing starts were at a seasonally adjusted annual rate of 557,000.

    This is 4.0 percent (±9.3%) below the revised November estimate of 580,000, but is 0.2 percent (±11.5%) above the December 2008 rate of 556,000.

    Source: U.S. Census Bureau News/HUD

    HARDI HVACR SALES TRENDSRegionThis Month vs. Same Month Previous Year Percent Change (Median)12-Month Moving Total Sales Percent Change (Median)Days Outstanding SalesNortheast 3.00% -13.90% 45.46 Mid-Atlantic 7.90% -12.00% 46.9 Southeast -6.10% -14.80% 49.6 Great Lakes 11.70% -8.40% 44.9 Central -1.80% -15.70% 45.68 Southwest 4.90% -6.30% 48.23 West 10.90% -10.70% 49.06 Canada 12.50% -5.20% 46.17 December 2009 Median HARDI Member Sales Volume: $1,736,569

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

    NATE CORNER

    NUMBER OF HARDI TESTS SOLD BY REGION LAST YEAR AND GOALS FOR 2010

    Region2009 Total Tests2010 Goal Tests% IncreaseCentral 1,254 1,500 20% Great Lakes 896 1,165 30% Mid-Atlantic 497 750 51% Northeastern 275 500 82% Southeastern 1,420 1,700 20% Southwestern 212 500 136% Western 1,113 1,335 20% Grand Total 5,667 7,450 31% Increase Goals:2009 Greater than 1,000 tests: 20% 2009 500-1,000 tests: 30% 2009 Less than 500 tests: Varies

    If you want more information about sponsoring NATE testing, contact Kathy Corr at 703/276-7247 or [email protected].

    HEATING AND COOLING EQUIPMENT SHIPMENT REPORTNovember 2009November 2008Year to DateChange from Same Period Last YearCentral Air Conditioners and Air-Source Heat Pumps 283,360 231,995 564,6559 22.0% Heat Pumps 100,816 95,506 223,986 5.5% Gas-Fired Warm Air Furnaces 231,108 200,502 1,940,077 15.0% Oil-Fired Warm Air Furnaces 7,704 4,979 48,571 55.0% Residential Electric Water Heaters 290,691 280,019 3,415,924 4.0% Residential Gas Water Heaters 313,524 260,443 3,403,025 20.0%

    Source: November 2009 Heating and Cooling Equipment Shipment, AHRI.

    2010 PRIMARY MORTGAGE MARKET SURVEY® | SUMMARY PAGE WITH ALL RATE TYPES — U.S. AVERAGESWeek 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 1/7 5.09 0.7 4.50 0.7 4.44 0.6 2.74 4.31 0.6 2.75 0.78 1/14 5.06 0.7 4.45 0.6 4.32 0.6 2.74 4.39 0.5 2.75 0.67 1/21 4.99 0.7 4.40 0.6 4.27 0.6 2.74 4.32 0.6 2.74 0.67 1/28 4.98 0.6 4.39 0.6 4.25 0.6 2.74 4.29 0.5 2.75 0.69 2/4 5.01 0.7 4.40 0.7 4.27 0.6 2.74 4.22 0.5 2.75 0.79

    Source: Freddie Mac, February 4, 2010