Intro and Markets 1 through 5

Markets 11 through 15

Markets 16 through 20

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
Diverse array of housing product ... strong high-tech and bio-tech presence ... steady in-migration of businesses and households from California ... on pace for record-level residential construction activity ... good cost of living.

Downside
Unemployment rate remains higher than 5.0 percent ... weak employment growth and strong construction activity causing excess in new-home inventories

Upside
Highly affordable housing market ... strong residential construction activity ... low cost of doing business ...home prices appreciating ... solid core of companies, facilities, and logistics ... steady, but reduced, population growth.

Downside
Commercial vacancy rates indicate relocation has slowed ... increase in personal bankruptcies ... large net migration loss of residents ... weak employment conditions ... rising mortgage rates could push affordability ratio down.

Upside
Affordable housing ... second largest financial center in the nation ... broadening industrial base ... strong single-family presence ... steady, but slow, home appreciation ... healthy supply of affordable homes.

Downside
Population growth taxing local infrastructure ... declining textile industry ... increase in personal bankruptcies ... weak economy ... negative job growth ... manufacturing slump continues.

Upside
Strong population growth ... improving economy ... rebounding commercial real-estate market ... high affordability ratio ... minority buying power increasing ... job-driven and demand/supply ratios expected to improve.

Downside
Increasing traffic congestion ... heightened anti-growth sentiment ... struggling local economy ... permits expected to decline ... big falloff in multifamily permits ... housing market remains mixed.

Upside
High per-capita income ... highly skilled and educated workforce ... trade and information sectors showing turnaround ... single-family permits up ... housing market remains active ... diverse local economy.

Downside
High business tax burden ... increasing business and household out-migration ... rising personal bankruptcy rates ... multifamily permits continue to decline ... continued job cuts and downsizing.

Intro and Markets 1 through 5

Markets 11 through 15

Markets 16 through 20

Next 30 Biggest Markets