Intro and Markets 1 through 5

Markets 6 through 10

Markets 11 through 15

Next 30 Biggest Markets

Notes:

*All data and upside/downside commentary courtesy the Meyer's Group

*Demand/Supply Ratio (1.0 plus -- Job-growth-driven-demand exceeds permit supply; 0 to .99 -- Supply exceeds demand; less than 0 -- Negative job growth)

*Illustrations by John Mattos

Upside
Strong labor pool ... good population growth ... home price appreciation remains strong ... in-migration consistent ... government job cuts complete ... demand for residential product expected to remain strong.

Downside
Manufacturing base deteriorating ... single-family permits to remain steady ... multifamily permits to drop off ... overall economy is stalled ... job cuts expected.

Upside
Single-family permit issuance strong ... price appreciation steady, but slow ... tourist activity consistent ... no major land and environmental barriers to growth.

Downside
Possible drop in appreciation rates ... high levels of single-family permits may lead to oversupply ... highly sensitive to national economy ... multifamily permits waning.

Upside
Affordable housing and low cost of doing business ... favorable migration and population trends ... bio-tech capital of Texas ... single-family permit issuance remains steady.

Downside
Burgeoning remodeling market ... stiff competition from the Austin and Dallas economies ... low industrial diversity.

Upside
Strong price appreciation ... low housing inventory ... high housing equity build-up ... healthy population growth ... permit issuance remains strong.

Downside
Weak employment growth ... limited supply of developable land ... rapid price appreciation erodes affordability ... weak commercial markets.

Upside
Strong employment growth expected ... increasing baby boomer demand for second homes and retirement housing ... rising rates should fuel demand for multifamily product.

Downside
Rapid price appreciation negatively affecting affordable housing ... declining supply of developable land ... tourism sector weak ... supply/demand ratio not expected to increase.

Intro and Markets 1 through 5

Markets 6 through 10

Markets 11 through 15

Next 30 Biggest Markets