1/5/2016

1

Regional Housing Outlook: East

JANUARY 20, 2016 || 1:00-2:00 PM

North 264

Moderator:Brad Hunter || Metrostudy, Palm Beach Gardens, FL

Panel:

Mark Boud || Metrostudy/REE, Laguna Niguel, CA

Todd Britsch || Metrostudy, Bothell, WA

David Cobb || Metrostudy, Palm Beach, FL

Scott Davis || Metrostudy, Houston, TX

Quita Syhapanya ||Metrostudy, Philiadelphia, PA

Session Description

All housing is local, and this session will focus on the state of housingin the eastern half of the U.S. and forecast activity for 2016. Localexperts will provide analysis of the economic trends impactinghousing, starts and lot supply, sales activity and consumer pricingtrends shaping demand in their markets. They will also share localchallenges and how builders are responding to pressures andcapitalizing on opportunities in 2016.

1/5/2016

2

0

500

1,000

1,500

2,000

2,500

Housing Starts 2000-2016 (in 000s)

Housing Starts Single Family Projection Multi-Family Projection

2005 Peak2,068,000

2009Trough554k

2014Total1,006k

2015Total

1,105k

Source: U.S. Commerce Dept., Metrostudy

2016Total

1,235k

Multi-Family

SingleFamily(820k)

Quarterly Starts Change by Market -- 3Q15

-40.0%

-30.0%

-20.0%

-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

Qtr-to-Qtr Year-over-Year

1/5/2016

3

Vacant Developed Lots Change by Market – 3Q15

-25.0%

-15.0%

-5.0%

5.0%

15.0%

25.0%

Qtr-to-Qtr Year-over-Year

Vacant Developed Lots Months of Supply

0.0

20.0

40.0

60.0

80.0

100.0

120.0

1/5/2016

4

Finished Vacant New Home Months of Supply

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

Moderator:Brad HunterMetrostudyPalm Beach Gardens(561) 573-8351@bradleyhunter

Speaker Contacts: Quita SyhapanyaMetrostudyPhiladelphia(215) 893-9890

David CobbMetrostudyPalm Beach Gardens(561) 228-8001

Scott DavisMetrostudyStafford, TX(713) 622-9909

Todd BritschMetrostudyBothell, WA(425) 953-4714

Mark BoudMetrostudySan Clemente(949) 502-5151