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AROUND THE U.S. ANALYTICS Getting Permission Giving industry pros statistical insight into the 2012 new construction climate for residential properties, recent data from the National Association of Home Builders provides a year-over-year comparison of building permit totals that indicate continued growth for the multifamily sector. Notes: All numbers recorded and shown here represent the percentage of change year-over-year between December 2011 and December 2010. The top percentage shown is for single-family building permits; the bottom percentage is for multifamily. Regional MIDWEST WEST -8% single-family +30% multifamily KS -7% single-family NORTHEAST +24% multifamily MO KY SOUTH -4% single-family +40% multifamily About the Survey: Source: National Home Builders Association via the Census Bureau. "Building Permits: States and Metro Areas" was released on February 13, 2012. Statistics: Percent changes are computed from unrounded data. Data evaluated through December 31, 2011. -23% single-family +30% multifamily State-By-State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiania Iowa Kansas 68 | THE M REPORT SINGLE FAMILY -2 -6 -3 -15 -11 +3 -16 -7 +91 +5 -10 -15 -13 -9 -4 -3 -16 MULTIFAMILY +30 +5 +45 -3 +27 +66 -12 +23 +694 +33 +66 -19 -20 +35 -3 +25 +128 Louisiana Kentucky Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York Nevada North Carolina SINGLE FAMILY -8 -17 -27 -6 -18 -41 -7 -5 -9 -8 -8 -17 -12 -15 -23 -12 -7 MULTIFAMILY +108 +45 -19 +13 +38 +868 -33 -27 +26 -5 +52 -21 +10 +142 +39 +33 +5 North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming SINGLE FAMILY +17 -12 --9 -10 -29 -23 -3 -6 -4 -2 -6 -35 -5 -10 -6 -15 -4 MULTIFAMILY +51 +69 +50 +77 -14 -43 +113 +28 -42 +59 +36 +27 +40 +33 +41 +12 -17 SECONDARY MARKET ANALYTICS SERVICING ORIGINATION