Fall Regulatory Summit

Internal Use Only

US Housing Permits: SF and Total

1000 1200 1400 1600 1800 2000 2200 2400

Total SF

200 400 600 800

Jul-04

Jul-17

Oct-07

Oct-20

Jan-98

Apr-01

Jan-11

Apr-14

Jun-03

Jun-16

Feb-99

Mar-00

Feb-12

Mar-13

Sep-06

Dec-09

Sep-19

Dec-22

Nov-08

Nov-21

May-02

Aug-05

May-15

Aug-18

FALL REGULATORY SUMMIT Denver, CO – September 25, 2023

Internal Use Only

US Housing Permits: Multi-family

100 200 300 400 500 600 700 800

Jan-98

Jan-99

Jan-00

Jan-01

Jan-02

Jan-03

Jan-04

Jan-05

Jan-06

Jan-07

Jan-08

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan-20

Jan-21

Jan-22

FALL REGULATORY SUMMIT Denver, CO – September 25, 2023