Industry Updates

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 TRENDS

Region	This Month vs. Same Month Previous Year Percent Change (Median)	12-Month Moving Total Sales Percent Change (Median)	Days Outstanding Sales
Northeast	-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 Tests
1.	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 Tests
1.	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 kcorr@natex.org.

HEATING AND COOLING EQUIPMENT SHIPMENT REPORT

	October 2009	Change from October 2008	Year to Date	Change from Same Period Last Year
Central 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. 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
11/5	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