• Industry Updates

    Jan. 1, 2010
    NEW RESIDENTIAL CONSTRUCTION IN OCTOBER 2009 Building Permits552,000 Privately owned housing units were at a seasonally adjusted annual rate of 552,000.

    NEW RESIDENTIAL CONSTRUCTION IN OCTOBER 2009

    Building Permits
    552,000

    Privately owned housing units were at a seasonally adjusted annual rate of 552,000.

    This is 4.0 percent (±1.9%) below the revised September rate of 575,000 and is 24.3 percent (±1.9%) below the October 2008 estimate of 729,000.

    Housing Starts
    529,000

    Privately owned housing starts were at a seasonally adjusted annual rate of 529,000.

    This is 10.6 percent (±8.7%) below the revised September estimate of 592,000 and is 30.7 percent (±8.3%) below the October 2008 rate of 763,000.

    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 -11.4% -13.0% 50.90 Mid-Atlantic -10.2% -15.4% 52.20 Southeast -12.7% -12.9% 50.74 Great Lakes -6.3% -11.7% 48.00 Central -12.5% -13.3% 49.58 Southwest -21.4% -6.4% 42.61 West -14.4% -19.0% 47.71 Canada -1.4% -5.2% 46.64 October 2009 Median HARDI Member Sales Volume: $2,102,999

    Source: Median Sales, HARDI TRENDS Report, October 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

    NOVEMBER 1-30, 2009

    Top 5 Testing Organizations (Regional Testing)No. of Tests1. Refrigeration Sales, Valley View, OH 54 2. US Airconditioning Distributors, City of Industry, CA 51 3. Carrier Southeast, Raleigh, NC 48 4. Mingledorff's, Norcross, GA 45 5. Carrier Florida, Orlando, FL 16 Top 5 Testing Locations (Local Testing)No. of Tests1. Habbegger Corporation, Cincinnati, OH 53 2. Habbegger Corporation, Indianapolis, IN 33 3. Johnstone Supply, Alexandria, VA 19 4. Johnstone Supply, Las Vegas, NV 19 5. Famous Supply, Akron, OH 12

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

    HEATING AND COOLING EQUIPMENT SHIPMENT REPORTOctober 2009Change from October 2008Year to DateChange from Same Period Last YearCentral Air-Conditioners and Air-Source Heat Pumps 325,787 -17% 5,363,199 -6% Heat Pumps 123,170 5% 1,673,307 0.7% Gas-Fired Warm Air Furnaces 217,914 -20.4% 1,900,000 -17.7% Oil-Fired Warm Air Furnaces 7,116 -31.2% 48,019 -28.1% Residential Electric Water Heaters 332,468 -1.1% 3,400,000 -5.8% Residential Gas Water Heaters 287,976 -8.7% 3,600,000 -2.2% Source: October 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 spread11/5 4.98 0.7 4.40 0.6 4.35 0.6 2.74 4.47 0.5 2.75 0.51 11/12 4.91 0.7 4.36 0.6 4.29 0.6 2.74 4.46 0.6 2.75 0.45 11/19 4.83 0.7 4.32 0.6 4.25 0.6 2.74 4.35 0.6 2.75 0.48 11/25 4.78 0.7 4.29 0.6 4.18 0.6 2.74 4.35 0.7 2.75 0.43 12/3 4.71 0.7 4.27 0.6 4.19 0.6 2.75 4.25 0.6 2.75 0.46

    Source: Freddie Mac, December 3, 2009