1. New Housing Market Review

2. THE COMPANY 28 year history and experience Serving 31 markets nationwide Leading provider of primary and secondary market information to the homebuilding and related industries

3. METROSTUDY PRIMARY RESEARCH METHODOLOGY COMPREHENSIVE - We drive the streets of every active AND planned subdivision using a copy of the plat. Visually inspect and record data on every lot. TIMELY – Years of execution ensure a highly managed timeline for rapid delivery of our survey results. Complete survey during last 2 weeks of calendar quarter. ACCURATE – With laser focus on the information that is most important, we train our field research personnel to follow strict research rules to insure consistency and accuracy.

4. METROSTUDY TIMELINE Research begins at Planning & Zoning Our field personnel use Recorded Plats Researchers drive every platted new home subdivision of 4 lots or more every 90 days We drive every street of every active project Deliver finished research to clients within thirty days of end of quarter Accurate information on future and vacant lots, starts, closings, absorption, products, and pricing.

5. Salt Lake No. Cal. So. Cal. Denver Phoenix Tucson DFW Austin San Antonio Houston South Fla. North Fla. Tampa Bay Naples Chicago DC-MD-NVA Raleigh Charlotte Atlanta

6. ATLANTA HOUSING MARKET

7. HOUSING AFFORDABILITY $60K Household Income

8. North Atlanta Housing Market

9. NORTH ATLANTA HOUSING MARKET

13. South Atlanta Housing Market

14. SOUTH ATLANTA HOUSING MARKET

18. ATLANTA HOUSING MARKET

21. Atlanta Townhouse Market

22. ATLANTA TOWNHOUSE MARKET

28. ATLANTA RESALE MARKET JUNE 2003

29. …now you know