Industry Updates

NEW RESIDENTIAL CONSTRUCTION IN NOVEMBER 2009

Building Permits
584,000

Privately owned housing units were at a seasonally adjusted annual rate of 584,000.

This is 6.0 percent (±1.6%) above the revised October rate of 551,000, but is 7.3 percent (±1.8%) below the November 2008 estimate of 630,000.

Housing Starts
574,000

Privately owned housing starts were at a seasonally adjusted annual rate of 574,000.

This is 8.9 percent (±10.2%) above the revised October estimate of 527,000, but is 12.4 percent (±9.1%) below the November 2008 rate of 655,000.

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	-4.80%	-12.10%	47.15
Mid-Atlantic	-9.10%	-15.50%	51.97
Southeast	-14.40%	-14.00%	49.14
Great Lakes	-2.60%	-10.40%	47.00
Central	-10.60%	-11.30%	48.21
Southwest	-9.80%	-9.10%	49.38
West	-10.10%	-14.80%	53.22
Canada	-4.20%	-3.80%	46.47
November 2009 Median HARDI Member Sales Volume: $2,108,367

Source: Median Sales, HARDI TRENDS Report, November 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

DECEMBER 1-31, 2009

Top 5 Testing Organizations (Regional Testing)		No. of Tests
1.	Carrier Florida, Orlando, FL	78
2.	Mingledorff's, Norcross, GA	48
3.	Virginia Air Distributors, Midlothian, VA	35
4.	Carrier Mid-Atlantic, Hanover, MD	27
5.	O'Connor Company, Omaha, NE	14
Top 5 Testing Locations (Local Testing)		No. of Tests
1.	Johnstone Supply, Denver, CO	53
2.	Johnstone Supply, Las Vegas, NV	18
3.	Behler Young Company, Wyoming, MI	13
4.	Slakey Brothers, Redding, CA	12
5.	Johnstone Supply, Bloomington, MN	10

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.

2009/2010 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
12/10	4.81	0.7	4.32	0.6	4.26	0.5	2.74	4.24	0.7	2.76	0.57
12/17	4.94	0.7	4.38	0.6	4.37	0.6	2.74	4.34	0.5	2.75	0.60
12/24	5.05	0.7	4.45	0.6	4.40	0.6	2.74	4.38	0.6	2.75	0.67
12/31	5.14	0.7	4.54	0.7	4.44	0.6	2.75	4.33	0.6	2.76	0.81
1/7	5.09	0.7	4.50	0.7	4.44	0.6	2.74	4.31	0.6	2.75	0.78

Source: Freddie Mac, January 7, 2010