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The Suburban Chicago Residential Market -- An Overview --

The Suburban Chicago Residential Market -- An Overview --. Presented by G. Tracy Cross President, Tracy Cross & Associates, Inc. September 20, 2012. New Home Sales. U.S. (1) Chicago. 2004 1,203,000 31,843 Year-Over-Year +10.6% +13.1% 2005 1,283,000 33,287

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The Suburban Chicago Residential Market -- An Overview --

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  1. The Suburban Chicago Residential Market-- An Overview -- Presented by G. Tracy Cross President, Tracy Cross & Associates, Inc. September 20, 2012

  2. New Home Sales U.S.(1)Chicago 2004 1,203,000 31,843 Year-Over-Year +10.6% +13.1% 2005 1,283,000 33,287 Year-Over-Year +6.7% +4.5% 2006 1,052,000 25,105 Year-Over-Year -18.0% -24.6% 2007 776,000 15,377 Year-Over-Year -26.2% -38.7% 2008485,000 6,361 Year-Over-Year -37.5% -58.6% 2009374,000 3,552 Year-Over-Year -22.9% -44.2% 2010 322,000 3,101 Year-Over-Year -14.1% -12.7% Variance From 2005 -74.9% -90.7% 2011305,0002,932 Year-Over-Year -5.3% -5.4% Variance From 2005 -76.2% -91.2% 2012 358,000(2) 3,196 Year-Over-Year +17.3% +9.0% Variance From 2005 -72.1% -90.4% (1) Single family home sales. (2) Seasonally adjusted, annualized rate YTD June. Source: Tracy Cross & Associates, Inc.

  3. Trends in Production New Home Sales by Product Type Total Sales (SAAR) Note: DeKalb County, IL and Kenosha County, WI included starting 2nd Quarter 2003. Source: Tracy Cross & Associates, Inc.

  4. New Home Sales Chicago Region -- Suburban Area --

  5. New Home Sales Chicago Region -- Suburban Area -- Total Sales (1) (1) Seasonally adjusted, annualized rate YTD June. Source: Tracy Cross & Associates, Inc.

  6. Northern Corridor Northwestern Corridor Western Corridor Southwestern Corridor Southern Corridor City of Chicago DeKalb County, IL Kenosha County, WI The Chicago Region’s 17 Representative Submarkets Kenosha County, WI Arlington Heights/Palatine/Wheeling Northern Lake County McHenry County Schaumburg/Hoffman Estates/Streamwood/Elk Grove Village South CentralLake County NorthShore Northern Fox Valley Near North Northern DuPage County DeKalbCounty St. Charles/Batavia/Geneva EasternDuPage County/WesternCook County City ofChicago SouthwesternDuPage County/Aurora/Kendall County Southern Corridor Southwestern Corridor Source: Tracy Cross & Associates, Inc.

  7. Single Family Sales Trends by Area 2005, 2011, and 2012

  8. Per Project Sales Rates – The Single Family Sector -- Suburban Chicago -- Average Annual Sales by Development (1) (1) Seasonally adjusted, annualized rate YTD June. Source: Tracy Cross & Associates, Inc.

  9. Suburban Single Family Sales Leaders -- YTD June 2012 --

  10. Townhome/Condominium Sales Trends by Area 2005, 2011, and 2012

  11. Townhome/Condominium Sales Trends-- The New Construction Sector – Suburban Chicago -- Total Sales (1)

  12. Moderate Density Condominium Sales Trends-- The New Construction Sector – Suburban Chicago -- Total Sales (1)

  13. Suburban Attached Sales Leaders -- YTD June 2012 --

  14. New Construction Home Sales By Public And Private Companies Percent Capture Public Builders (Line) Total Sales Region (Bar) (1)

  15. The Suburban Rental Market-- An Overview -- “Not all households like these choose to live in the city.”

  16. Rental Apartment Vacancy Trends-- Suburban Chicago --All Communities Percent Vacant (1) (1) As of June. Source: Tracy Cross & Associates, Inc.

  17. Monthly Rent Trends-- Suburban Chicago --Post 1985 Rental Communities Average Monthly Rent (Bar) Rent Per Sq. Ft. (Line) (1) (1) As of June 2012. Source: Tracy Cross & Associates, Inc.

  18. Rent/Value Analysis – A Composite Summary-- Suburban Chicago Apartment Communities --

  19. Rental Apartment Absorption Trends-- Suburban Chicago -- Net Absorption in Units (1) (1) Annualized pace for the first six months of the year. Source: Tracy Cross & Associates, Inc.

  20. Some Final Comments

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