TheMReport

November 2012

TheMReport — News and strategies for the evolving mortgage marketplace.

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AROUND THE U.S. ANALYTICS Asking Permission Recent findings from Housing Economics' nationwide survey on building permits, as published by the National Association of Home Builders, revealed rising numbers across most state and metropolitan statistical areas. Alaska RESIDENTIAL, YTD CHANGE: 11% MULTIFAMILY, YTD CHANGE: -30% TOTAL, YTD CHANGE: 3% Alabama RESIDENTIAL, YTD CHANGE: 2% MULTIFAMILY, YTD CHANGE: 100% TOTAL, YTD CHANGE: 20% Arkansas RESIDENTIAL, YTD CHANGE: 32% MULTIFAMILY, YTD CHANGE: -29% TOTAL, YTD CHANGE: 6% Arizona RESIDENTIAL, YTD CHANGE: 61% MULTIFAMILY, YTD CHANGE: 74% TOTAL, YTD CHANGE: 63% California RESIDENTIAL, YTD CHANGE: 16% MULTIFAMILY, YTD CHANGE: 40% TOTAL, YTD CHANGE: 28% Colorado RESIDENTIAL, YTD CHANGE: 33% MULTIFAMILY, YTD CHANGE: 148% TOTAL, YTD CHANGE: 66% Connecticut RESIDENTIAL, YTD CHANGE: 8% MULTIFAMILY, YTD CHANGE: 215% TOTAL, YTD CHANGE: 69% District of Columbia RESIDENTIAL, YTD CHANGE: 2% MULTIFAMILY, YTD CHANGE: -26% TOTAL, YTD CHANGE: -24% Delaware RESIDENTIAL, YTD CHANGE: 9% MULTIFAMILY, YTD CHANGE: 172% TOTAL, YTD CHANGE: 36% Florida RESIDENTIAL, YTD CHANGE: 24% MULTIFAMILY, YTD CHANGE: 80% TOTAL, YTD CHANGE: 38% Georgia RESIDENTIAL, YTD CHANGE: 23% MULTIFAMILY, YTD CHANGE: 56% TOTAL, YTD CHANGE: 31% Hawaii RESIDENTIAL, YTD CHANGE: 22% MULTIFAMILY, YTD CHANGE: 127% TOTAL, YTD CHANGE: 44% Iowa RESIDENTIAL, YTD CHANGE: 21% MULTIFAMILY, YTD CHANGE: 22% TOTAL, YTD CHANGE: 21% Idaho RESIDENTIAL, YTD CHANGE: 66% MULTIFAMILY, YTD CHANGE: 136% TOTAL, YTD CHANGE: 76% Illinois RESIDENTIAL, YTD CHANGE: 24% MULTIFAMILY, YTD CHANGE: -2% TOTAL, YTD CHANGE: 15% Indiana RESIDENTIAL, YTD CHANGE: 12% MULTIFAMILY, YTD CHANGE: 3% TOTAL, YTD CHANGE: 10% Kansas RESIDENTIAL, YTD CHANGE: 6% MULTIFAMILY, YTD CHANGE: 31% TOTAL, YTD CHANGE: 14% Kentucky RESIDENTIAL, YTD CHANGE: 9% MULTIFAMILY, YTD CHANGE: 99% TOTAL, YTD CHANGE: 34% Louisiana RESIDENTIAL, YTD CHANGE: 9% MULTIFAMILY, YTD CHANGE: -46% TOTAL, YTD CHANGE: -1% Massachusetts RESIDENTIAL, YTD CHANGE: 19% MULTIFAMILY, YTD CHANGE: 145% TOTAL, YTD CHANGE: 59% Maryland RESIDENTIAL, YTD CHANGE: 16% MULTIFAMILY, YTD CHANGE: 52% TOTAL, YTD CHANGE: 27% Maine RESIDENTIAL, YTD CHANGE: 18% MULTIFAMILY, YTD CHANGE: 36% TOTAL, YTD CHANGE: 21% Michigan RESIDENTIAL, YTD CHANGE: 32% MULTIFAMILY, YTD CHANGE: -16% TOTAL, YTD CHANGE: 25% Minnesota RESIDENTIAL, YTD CHANGE: 33% MULTIFAMILY, YTD CHANGE: 217% TOTAL, YTD CHANGE: 64% Missouri RESIDENTIAL, YTD CHANGE: 28%- MULTIFAMILY, YTD CHANGE: -15% TOTAL, YTD CHANGE: 12% Mississippi RESIDENTIAL, YTD CHANGE: 12% MULTIFAMILY, YTD CHANGE: 88% TOTAL, YTD CHANGE: 21% Montana RESIDENTIAL, YTD CHANGE: 19% MULTIFAMILY, YTD CHANGE: 170% TOTAL, YTD CHANGE: 53% North Carolina RESIDENTIAL, YTD CHANGE: 20% MULTIFAMILY, YTD CHANGE: 118% TOTAL, YTD CHANGE: 45% North Dakota RESIDENTIAL, YTD CHANGE: 49% MULTIFAMILY, YTD CHANGE: 47% TOTAL, YTD CHANGE: 48% Nebraska RESIDENTIAL, YTD CHANGE: 14% MULTIFAMILY, YTD CHANGE: 106% TOTAL, YTD CHANGE: 31% New Hampshire RESIDENTIAL, YTD CHANGE: 26% MULTIFAMILY, YTD CHANGE: -5% TOTAL, YTD CHANGE: 17% New Jersey RESIDENTIAL, YTD CHANGE: 9% MULTIFAMILY, YTD CHANGE: 62% TOTAL, YTD CHANGE: 35% New Mexico RESIDENTIAL, YTD CHANGE: 5% MULTIFAMILY, YTD CHANGE: 49% TOTAL, YTD CHANGE: 12% New York RESIDENTIAL, YTD CHANGE: 15% MULTIFAMILY, YTD CHANGE: 3% TOTAL, YTD CHANGE: 7% Nevada RESIDENTIAL, YTD CHANGE: 53% MULTIFAMILY, YTD CHANGE: -15% TOTAL, YTD CHANGE: 34% Ohio RESIDENTIAL, YTD CHANGE: 10% MULTIFAMILY, YTD CHANGE: 59% TOTAL, YTD CHANGE: 23% Oklahoma RESIDENTIAL, YTD CHANGE: 44% MULTIFAMILY, YTD CHANGE: -6% TOTAL, YTD CHANGE: 33% Oregon RESIDENTIAL, YTD CHANGE: MULTIFAMILY, YTD CHANGE: TOTAL, YTD CHANGE: Pennsylvania RESIDENTIAL, YTD CHANGE: 12% MULTIFAMILY, YTD CHANGE: 38% TOTAL, YTD CHANGE: 17% Rhode Island RESIDENTIAL, YTD CHANGE: 20% MULTIFAMILY, YTD CHANGE: -41% TOTAL, YTD CHANGE: 9% South Carolina RESIDENTIAL, YTD CHANGE: 16% MULTIFAMILY, YTD CHANGE: 79% TOTAL, YTD CHANGE: 24% South Dakota RESIDENTIAL, YTD CHANGE: 34% MULTIFAMILY, YTD CHANGE: 52% TOTAL, YTD CHANGE: 38% Tennessee RESIDENTIAL, YTD CHANGE: 16% MULTIFAMILY, YTD CHANGE: 311% TOTAL, YTD CHANGE: 49% Texas RESIDENTIAL, YTD CHANGE: 23% MULTIFAMILY, YTD CHANGE: 86% TOTAL, YTD CHANGE: 42% Utah RESIDENTIAL, YTD CHANGE: 36% MULTIFAMILY, YTD CHANGE: 4% TOTAL, YTD CHANGE: 28% Virginia RESIDENTIAL, YTD CHANGE: 12% MULTIFAMILY, YTD CHANGE: 23% TOTAL, YTD CHANGE: 16% Vermont RESIDENTIAL, YTD CHANGE: 12% MULTIFAMILY, YTD CHANGE: -24% TOTAL, YTD CHANGE: 3% Washington RESIDENTIAL, YTD CHANGE: 22% MULTIFAMILY, YTD CHANGE: 38% TOTAL, YTD CHANGE: 28% Wisconsin RESIDENTIAL, YTD CHANGE: 13% MULTIFAMILY, YTD CHANGE: -31% TOTAL, YTD CHANGE: -5% West Virginia RESIDENTIAL, YTD CHANGE: 15% MULTIFAMILY, YTD CHANGE: 33% TOTAL, YTD CHANGE: 17% Wyoming RESIDENTIAL, YTD CHANGE: 15% About the Survey: Statistics sourced from Bureau of Census; building permits by state and metro areas survey prepared by the National Association of Home Builders' Economics Department. Percent changes are computed from unrounded data. MULTIFAMILY, YTD CHANGE: 0% TOTAL, YTD CHANGE: 12% 66 | THE M REPORT SECONDARY MARKET ANALYTICS SERVICING ORIGINATION

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