NEW RESIDENTIAL CONSTRUCTION IN MARCH 2009

Building Permits

Privately owned housing units were at a seasonally adjusted annual rate of 513,000.

This is 45.0 percent (±4.1%) below the March 2008 estimate of 932,000.

Housing Starts

Privately owned housing starts were at a seasonally adjusted annual rate of 510,000.

This is 48.4 percent (±5.9%) below the March 2008 rate of 988,000.

Source: U.S. Census Bureau News/HUD

HARDI HVACR SALES
Region This Month vs. Same Month Previous Year Percent Change (Median) 12-Month Moving Total Sales Percent Change (Median) Days Outstanding Sales
Northeast -3.8% -1.2% 52.00
Mid-Atlantic -17.7% -4.8% 55.63
Southeast -10.8% -7.3% 54.31
Great Lakes 3.6% -3.6% 50.00
Central -13.9% -0.5% 47.65
Southwest 15.7% -2.7% 46.28
West -32.7% -13.6% 56.00
Canada 0.6% 5.1% 46.60
March 2009 Median HARDI Member Sales Volume: $1,538,710

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

NATE CORNER

Top HARDI Members Vie for Testing Honors

MARCH 1 TO APRIL 30, 2009

Top 5 Testing Organizations (Regional Testing) No. of Tests
1. Carrier South Central, Houston, TX 128
2. Mingledorff's Inc., Norcross, GA 116
3. US Airconditioning Distributors, City of Industry, CA 99
4. Carrier Mid-Atlantic, Hanover, MD 82
5. Carrier, Orlando, FL 70
Top 5 Testing Locations (Local Testing) No. of Tests
1. Johnstone Supply, Denver, CO 91
2. Johnstone Supply, Las Vegas, NV 70
3. The Habegger Corp., Indianapolis, IN 47
4. Behler Young Company, Warren, MI 46
5. Johnstone Supply, Bloomington, MN 42

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
Feb. 2009 Change from Feb. 2008 Year to Date Change from Same Period Last Year
Central Air Conditioners and Air-Source Heat Pumps 267,444 -21% 489,863 -27%
Heat Pumps 104,260 -18% 195,620 -23%
Gas-Fired Warm Air Furnaces 123,629 -20% 257,999 -21.2%
Oil-Fired Warm Air Furnaces 3,494 -5.4% 6,810 -28.5%
Residential Electric Water Heaters 321,055 -11.2% 634,232 -9.4%
Residential Gas Water Heaters 327,591 -6.4% 643,452 -4%
Source: February 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
4/2 4.78 0.7 4.52 0.7 4.92 0.7 2.74 4.75 0.6 2.76 0.03
4/9 4.87 0.7 4.54 0.7 4.93 0.7 2.73 4.83 0.5 2.76 0.04
4/16 4.82 0.6 4.48 0.6 4.88 0.6 2.74 4.91 0.7 2.75 -0.09
4/23 4.80 0.7 4.48 0.7 4.85 0.6 2.75 4.82 0.4 2.76 -0.02
4/30 4.78 0.7 4.48 0.7 4.80 0.6 2.74 4.77 0.7 2.76 0.01

Source: freddie Mac, May 7, 2009