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Washington DC-Baltimore Housing Market Overview

Washington DC-Baltimore Housing Market Overview. Washington DC • March 1, 2007. Victor Furnells National Director, Builder Accounts HANLEY WOOD MARKET INTELLIGENCE 202-729-3590. www.hanleywood.com www.builderinfostore.com.

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Washington DC-Baltimore Housing Market Overview

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  1. Washington DC-Baltimore Housing Market Overview Washington DC • March 1, 2007 Victor Furnells National Director, Builder Accounts HANLEY WOOD MARKET INTELLIGENCE 202-729-3590 www.hanleywood.comwww.builderinfostore.com

  2. Hanley Wood – A Network Unlike Any OtherLargest business-to-business media network serving North America's residential and commercial construction industries. 1 Print & electronic media publications including Builder and Big Builder Business Media 2 Exhibitions 14 Tradeshows and events annually 3 Marketing Custom publications and brand communications 4 Leading provider of information and analysis to homebuilders, lenders & manufacturers Market Intelligence

  3. The Power of Hanley Wood • The Presidential Seminar by Hanley Wood • The building industry’s premier learning forum. • The oldest educational seminar devoted to home building presidents and CEOs. • For more information… • www.presem.com

  4. Market Intelligence Division • Provide data, analysis, published research, software, and consulting services to the residential home building and development industry • Products designed to meet the needs of today’s residential real estate and building professional including: • Information Products • Published Research • Custom Consulting Services • Cover top 75 markets across United States

  5. Some Products…. • Proposed Project Data • Active Project Data • GIS Mapping w/Aerials • Demographics • Digital Parcel Data Layer • Resale Data • Export Custom Reports

  6. Washington-DC Baltimore Housing Market Overview

  7. Consumer Confidence Currently United States 110.0 South Atlantic 122.5 Source: The Conference Board

  8. In-Migration Flows Washington DC Source: Economy.com, 2006

  9. In-Migration Flows Baltimore Source: Economy.com, 2006

  10. Job Growth Washington DC-Baltimore 2007* Washington DC: 29,500 Baltimore: 16,200 Note: 2007* is projection Note: Data is year over year change. Source: U.S. Bureau of Labor Statistics

  11. Total Permits Washington DC-Baltimore 2007* Washington DC: 27,468 Baltimore: 9,090 Note: 2007* is projection Source: Hanley Wood Market Intelligence Market Monitor

  12. New Home Sales Washington DC-Baltimore 4Q06Washington DC – 3,906 Baltimore – 973 Source: Hanley Wood Market Intelligence Market Monitor

  13. Months of Standing Inventory Washington DC-Baltimore 4Q06 Washington DC – 2.2 Baltimore – 1.3 Source: Hanley Wood Market Intelligence Market Monitor

  14. Single Family Detached Median Price: Nothing Below $590K Washington DC-Baltimore 4Q06 Washington DC $590,490 Baltimore $610,900 Source: Hanley Wood Market Intelligence Market Monitor

  15. Attached Median Price: Nothing Below $333K Washington DC-Baltimore 4Q06 Washington DC $395,990 Baltimore $333,900 Source: Hanley Wood Market Intelligence Market Monitor

  16. New Home Affordability Ratio Washington DC-Baltimore 2006 Affordability Ratio Washington DC – 14.8% Baltimore – 8.3% Note: Data is for 30-Year Fixed Rate Mortgage. Source: Hanley Wood Market Intelligence Market Monitor

  17. Sales Rates Washington DC-Baltimore 4Q06 Sales Rates Washington DC 1.26 Baltimore 1.11 Source: Hanley Wood Market Intelligence Market Monitor

  18. Top Homebuilders January – December 2006 Washington DC-Baltimore Source: Hanley Wood Market Intelligence Web Report

  19. Construction Lenders By Builder Washington DC-Baltimore Source: Hanley Wood Market Intelligence Builder Info Tools

  20. Top Preferred Mortgage Lenders Washington DC-Baltimore Source: Hanley Wood Market Intelligence Builder Info Tools

  21. 2007 Projections Washington DC • Employment Growth – 71,000 • Unemployment Rate – 3.2% • Population Growth – 58,785 • Affordability Ratio – 31.4% • Single Family Permits – 19,500 • Multi Family Permits – 9,000 • Housing Growth Ratio – 5.3 Note: Housing Growth Ratio measures rate of growth of a market based on the number of permits per thousand people in the metro area

  22. 2007 Projections Baltimore • Employment Growth – 21,500 • Unemployment Rate – 4.1% • Population Growth – 10,541 • Affordability Ratio – 34.6% • Single Family Permits – 6,400 • Multi Family Permits – 1,800 • Housing Growth Ratio – 3.1 Note: Housing Growth Ratio measures rate of growth of a market based on the number of permits per thousand people in the metro area

  23. Things To Keep an Eye On • BRAC Realignment – Fort Meade base, MD • 45,000 – 55,000 new jobs • They will need affordable homes that the military cannot provide. • $20 Billion in Mortgage loans will reset in 2007. • Greater competition from Resales • More so with attached homes • Look for “Multi-Generational” homes • Addressing the growth in minority population • “Jewelry Box” homes • Active Adult population • 5 million people will turn 55 each year until 2017 • More collaboration between builders and commercial developers

  24. Builder InfoTools active and proposed projects data solution 02.2006 HANLEY WOOD MARKET INTELLIGENCE

  25. Research Methodology Data Collection and Revisits • 110+ Research Associates Staff • Collecting and verifying >400 project variables including plan level pricing & size, sales, inventory, standard features, amenities & options Up to four quality checks - two internal, two external. • 1,100,000 Annual Miles Driven • Monthly on-site surveys of new, actively-selling new home production subdivisions, condos or town homes • Monthly on-site surveys to update the database • Quarterly visits to county/municipal planners to research projects in the pipeline for future construction • 200,000 Survey Calls • Direct reconciliations with sales agents as well as builders' corporate offices contacting every agent and every builder project in every county • Phone surveys with developers, engineers and/or applicants to verify information obtained from the county/municipal planner • 47,400 Projects Physically Surveyed in 2006 Quality Checks and Compile Publish into Information Products

  26. Hanley Wood, LLCWe’re getting Bigger, Better & Faster • Bigger • Top 75 markets • Expanding coverage in current markets • Better • Digital Parcel Data Layer • Resale Data Layer • Consumer & Business Demographic Data Layer • Hazard, Crime and School District Data Layer • Faster • Reducing monthly data delivery timeline by 40% • Online, monthly updates to every user • Faster customer service – online communication through Builder InfoTools

  27. Reports! • Sales Rate Report • Proposed Project Report • Demographic data • Proposed Project Summary • Much more!

  28. Washington DC-Baltimore Housing Market Overview Washington DC • March 1, 2007 Victor Furnells National Director, Builder Accounts HANLEY WOOD MARKET INTELLIGENCE 202-729-3590 Questions ? www.hanleywood.comwww.builderinfostore.com

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