NEW RESIDENTIAL CONSTRUCTION IN SEPTEMBER 2009

Building Permits
573,000

Privately owned housing units were at a seasonally adjusted annual rate of 573,000.

This is 1.2 percent (±1.8%) below the revised August rate of 580,000 and is 28.9% (±2.2%) below the September 2008 estimate of 806,000.

Housing Starts
590,000

Privately owned housing starts were at a seasonally adjusted annual rate of 590,000.

This is 0.5 percent (±9.9%) above the revised August estimate of 587,000, but is 28.2 percent (±6.7%) below the September 2008 rate of 822,000.

Source: U.S. Census Bureau News/HUD

HARDI HVACR SALES TRENDS
Region This Month vs. Same Month Previous Year Percent Change (Median) 12-Month Moving Total Sales Percent Change (Median) Days Outstanding Sales
Northeast -19.8% -13.3% 50.50
Mid-Atlantic -13.8% -12.5% 51.20
Southeast -22.9% -14.2% 49.27
Great Lakes -13.2% -9.7% 48.00
Central -18.5% -12.7% 46.20
Southwest -10.4% -10.7% 44.96
West -15.7% -14.3% 47.82
Canada -3.5% -4.6% 47.27
September 2009 Median HARDI Member Sales Volume: $1,689,032

Source: Median Sales, HARDI TRENDS Report, September 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

SEPTEMBER 1 TO OCTOBER 31, 2009

Top 5 Testing Organizations (Regional Testing) No. of Tests
1. Ferguson Trane, Pomona, CA 70
2. Mingledorff's, Norcross, GA 59
3. Airefco Inc., Fife, WA 35
4. O'Connor Company, Omaha, NE 33
5. Slakey Brothers, Elk Grove, CA 31
Top 5 Testing Locations (Local Testing) No. of Tests
1. Johnstone Supply, Denver, CO 29
2. APR Supply, Lebanon, PA 23
3. Behler Young Company, Warren, MI 21
4. Gustave A. Larson Company, Green Bay, WI 21
5. Johnstone Supply, Bloomington, MN 14

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
August 2009 Change from August 2008 Year to Date Change from Same Period Last Year
Central Air-Conditioners and Air-Source Heat Pumps 466,770 -14.20% 3,820,101 -17.30%
Heat Pumps 130,303 -16.20% 1,204,227 -14.80%
Gas-Fired Warm Air Furnaces 171,539 -10.60% 1,228,454 -14.30%
Oil-Fired Warm Air Furnaces 4,611 -32.10% 26,137 -21.00%
Residential Electric Water Heaters 284,079 -18.80% 2,493,811 -14.50%
Residential Gas Water Heaters 275,048 -18.70% 2,458,848 -12.20%
Source: August 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
10/8 4.87 0.7 4.33 0.7 4.35 0.5 2.75 4.53 0.5 2.77 0.34
10/15 4.92 0.7 4.37 0.7 4.38 0.6 2.74 4.60 0.5 2.76 0.32
10/22 5.00 0.7 4.43 0.6 4.40 0.6 2.74 4.54 0.6 2.77 0.46
10/29 5.03 0.7 4.46 0.6 4.42 0.6 2.73 4.57 0.6 2.74 0.46
11/5 4.98 0.7 4.40 0.6 4.35 0.6 2.74 4.47 0.5 2.75 0.51

Source: Freddie Mac, November 12, 2009