1. Components of the Housing Stock 20022003200420052006 Total Stock119,297120,834122,187123,925126,012 Occupied104,965105,560106,588108,231109,575 Owner71,27872,05473,57574,55375,380 Renter33,68733,50633,01333,67834,195 Vacant14,33215,27415,59915,69416,437 For Sale1,2201,3081,3071,4511,836 For Rent3,3473,6763,8023,7213,737 2nd Homes6,3756,6266,7506,7907,034 Other3,3903,6643,7403,7323,830 Source: Census Bureau Housing Vacancy Survey

2. Live Births 1979- Echo Boom 1965-78 Baby Bust 1946-64 Baby Boom Data in Millions Source: HHS National Center for Health Statistics

3. Population Change by Age Sources: Census Bureau and NAHB Long Term Forecast Thousands

4. Foreign-born Share of Population by Age 2005 Current Population Survey (Census Bureau)

5. Mobility by Age: Moved in Previous 12 Months Source: Current Population Survey March 2004

6. Households With Second Homes by Age Survey of Consumer Finances (Federal Reserve Board)

7. Long Term Demand and Supply Demand: 1976- 1985 1986- 1995 1996- 2005 2006- 2015 ∆ Households 1,398 1,211 1,182 1,502 ∆ Vacancies 199 256 347 75 Net Removals 172 166 306 438 1,768 1,633 1,835 2,014 Production: Single Family 1,030 1,042 1,273 1,447 Multifamily 477 358 307 399 Manufactured 261 233 255 168 1,768 1,633 1,835 2,014 Source: Census Bureau, NAHB Forecast

8. New Homes Started/Shipped 2005200620072008 ’06- ’15 Single Family1,7191,478 1,1631,230 1,447 Multifamily354339 292298 399 Total Starts2,0731,817 1,4551,528 1,846 Manf Homes148118 93105 168 New Housing2,2211,9361,5471,6332,014

9. Median Age of Housing Stock Years

10. 2006: Chg in Employment v Starts/Pop Excluding Louisiana

11. 2006: Chg in Population v Starts/Pop

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

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

15. Rental Vacancy Rates 2006 0% to 8% 8.1% to 11% 11.1% to 13% 13.1% to 18% US: 9.7%

16. Starts per Capita 2004 6.7 to 10.0 5.0 to 6.7 Less than 5.0 10.0 or more US: 6.6

17. Starts per Capita 2005 6.7 to 10.0 5.0 to 6.7 Less than 5.0 10.0 or more US: 7.0

18. Starts per Capita 2006 6.7 to 10.0 5.0 to 6.7 Less than 5.0 10.0 or more US: 6.1

19. Starts per Capita 2007 6.7 to 10.0 5.0 to 6.7 Less than 5.0 10.0 or more US: 4.8

20. Starts per Capita 2008 6.7 to 10.0 5.0 to 6.7 Less than 5.0 10.0 or more US: 5.0

21. For more Housing Forecasts and In- Depth Analysis go to HousingEconomics.com