• Industry Updates

    Dec. 1, 2009
    NEW RESIDENTIAL CONSTRUCTION IN SEPTEMBER 2009 Building Permits573,000 Privately owned housing units were at a seasonally adjusted annual rate of 573,000.

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

    HEATING AND COOLING EQUIPMENT SHIPMENT REPORTAugust 2009Change from August 2008Year to DateChange from Same Period Last YearCentral 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. 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 spread10/8 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