1. Population Change: 2005 versus 2004 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.94%

2. Population Change: 2006 versus 2005 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.90%

3. Population Change: 2007 versus 2006 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.90%

4. Forces driving regional housing demand Interplay between employment growth and population growth

5. Employment Growth: 2005 versus 2004 More than 2% 1% to 2% 0% to 1% Less than 0% US: 1.55%

6. Employment Growth: 2006 versus 2005 More than 2% 1% to 2% 0% to 1% Less than 0% US: 1.38%

7. Employment Growth: 2007 versus 2006 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.96%

8. Employment Growth: Y/Y Jan-Aug 2006 vs. 2005 More than 2% 1% to 2% 0% to 1% Less than 0% US: 1.32%

9. Forces driving regional housing demand Higher home prices are dampening demand But different states have experienced different rates of price increases

10. Change in Existing Home Prices in Y/Y Q2, 2004 20% or more 10% to 20% 5% to 10% 5% or less US: 9.84%

11. Change in Existing Home Prices in Y/Y Q2, 2005 20% or more 10% to 20% 5% to 10% 5% or less US: 14.04%

12. Change in Existing Home Prices in Y/Y Q2, 2006 20% or more 10% to 20% 5% to 10% 5% or less US: 10.06%

13. Forces driving regional housing demand Demand for second homes

14. Second Homes: Share of Housing Stock 2000 10% or more 5% to 10% 3% to 5% 3% or less US: 3.1%

15. Forces driving regional housing demand Demand for apartments and condos

16. Multifamily Housing: Not everyone lives in a single-family house

17. Rental Vacancy Rates 2004 0% to 8% 8.1% to 11% 11.1% to 13% 13.1% to 18% US: 10.2%

18. Rental Vacancy Rates 2005 0% to 8% 8.1% to 11% 11.1% to 13% 13.1% to 15% US: 9.8%

19. Multifamily Share of Housing Starts 2000-2005 0% to 15% 15% to 20% 20% to 25% 25% or more US: 19.2%

20. Want to Get More Information? Look for full reports, updates and detailed data at www.HousingEconomics.com