Not es

Speakers’
23
San Antonio Housing Forecast
annual
J anuar y 7, 2008
The Greater San Antonio Builders Association and the San Antonio Board of REALTORS® present the
This Event Made Possible by:
The Greater San Antonio Builders Association 3625 Paesanos Parkway San Antonio, TX 78249
(210) 696-3800, (210) 692-3459 fax
The San Antonio Board of REALTORS® 9110 IH 10 W, Ste. 1 San Antonio, TX 78230
(210) 593-1200, (210) 593-1251 fax
Adver t i si ng
Par t ner s
Thank You
COMMERCIAL PROPERTY GROUP
www.Di r t Deal er s .c om
Leaders in San Antonio
Land and Lot Sales.
(210) 496-7775
18618 Tuscany Stone, #210
San Antonio, TX 78258
At 1604 & Stone Oak
Give your homebuyers
the right connections.
You give your homeowners
the very best in quality and
style—make sure you’re giving
them the best in technology
and convenience with Time
Warner Cable Total Digital
Home. We’ll pre-wire your
community with HDTV digital
cable, Internet and home
phone so your homeowners
are ready to enjoy their new
lifestyle the moment they step
through the door.
To become a Total Digital Home Partner today,
please log onto www.twc-sa.com/tdh
or call (210) 582-9585
MERITAGE HOMES | LEGACY HOMES | DAVIS CUSTOM HOMES | DIAMANTE CUSTOM HOMES
STONE CREEK CUSTOM HOMES | J.O. CUSTOM HOMES | DAVID WEEKLY HOMES | MERCEDES HOMES
MISSION CUSTOM HOMES | MIKE HOLLAWAY CUSTOM HOMES | RIDGEFIELD HOMES
Thanks to our current TDH partners
BobLeonard,2008ChairmanoftheBoard
SanAntonioBoardofREALTORS®
The 2008 San Antonio The 2008 San Antonio
Housing Forecast Housing Forecast
RealEstateisLocal. RealEstateisLocal.
January7,2008 January7,2008
2007was
comparable
toour“second
bestyear” for
resalesingle
familyhome
salesinSanAntonio.
Real Estate Market =
Cyclical
“History does not repeat
itself – at
best it sometimes rhymes”
-Mark
2007 2007 Challenges Challenges
• Housingpricedeclines(not
SanAntonioorTexas)
• LowerHomeSales
• LowerNewHomeConstruction
• JobCutsinConstructionandLending
• Subprime Loanproblems
• RisingForeclosures
Subprime Subprime Loan Exposure Loan Exposure
Prime
50%
FHA+
VA
6% Sub-
prime
9%
Free +
Clear
Homes
35%
Source:NAREstimate
Earof
0.0
2.0
4.0
6.0
8.0
10.0
Prime VA FHA Sub-prime
Fixed
Sub-prime
ARM
0.0
2.0
4.0
6.0
8.0
10.0
Prime VA FHA Sub-prime
Fixed
Sub-prime
ARM
Data:MBA Data:MBA
ForeclosureRatesbyLoanType
2007Q2
ForeclosureRatesbyLoanType
2007Q2
B
i
g
g
e
s
t
B
i
g
g
e
s
t
C
h
a
l
l
e
n
g
e
o
f
C
h
a
l
l
e
n
g
e
o
f
2
0
0
7
2
0
0
7
TheMedia’sNegative
SpinonALLReal
Estate
2008 = The Year of Opportunity 2008 = The Year of Opportunity
All
Real
Estateis
LOCAL
• Jobgrowth
• Affordable
InterestRates
• PriceAppreciation
• PlentifulMortgage
Funding
2008 = The Year of Opportunity 2008 = The Year of Opportunity
All
Real
Estateis
LOCAL
2006 2007 2008
6.48 million 5.67 million 5.69 million
1.05 million 0.80 million 0.69 million
1.80 million 1.35 million 1.14 million
6.4% 6.4% 6.5%
5.5% 5.6% 5.1%
1.0% -1.7% 0.0%
2006 2007 2008
Existing-Home Sales 6.48 million
5.67
million
5.69
million
New Home Sales 1.05 million
0.80
million
0.69
million
Housing Starts 1.80 million
1.35
million
1.14
million
30-Year FRM 6.4% 6.4% 6.5%
1-Year ARM 5.5% 5.6% 5.1%
National Housing Outlook National Housing Outlook
.
More 2008 Opportunities More 2008 Opportunities
• Safer&AffordableMortgageProducts
– PrimeBorrowers:LowFavorableConformingRate
Loans
– JumboBorrowers:ratescomingdown
– NonͲPrimeBorrowers:movingawayfromrisky
subprime loans
• TemporaryTaxBreak
At a Glance: At a Glance:
Price Changes Price Changes
from October from October
2006 to October 2006 to October
2007 2007
Source:FirstAmericanCorporation’s
LoanPerformanceHomePriceIndex
SalesPerYear
22,700
25,069
23,043
19,527
Resale/Existing Family Home Sales
Source:MLS
2004
2005
2006
2007
Inventory: Resale Market
%ofHomeson
Mktvs.Sales
Occurring
Source:MLS
Inventory: Resale Market
SingleFamilyInventoryLevel:
12,000listings(yearend2007)
9,300listings(yearend2006)
Thisshowsanincreaseinthelisting
inventoryofexisting/resalehomesof
approximately29%.
2007 Prices of Existing/Resale Homes 2007 Prices of Existing/Resale Homes
Source:MLS
SingleLargest
Subsetinthe
PriceDistribution
Chart:
$120,000Ͳ $139,999
at12.8%ofSales!
2007 Prices of Existing/Resale Homes 2007 Prices of Existing/Resale Homes
Source:MLS
• AverageSalesPricefor2007Single
FamilyHomes=$183,080
Ͳ AnIncreasefrom$171,650in2006
• Median2007SalesPrice:$150,100
Ͳ AnIncreasefrom$142,200in2006
Average Sales Price
from 2002-2007
131,200
138,600
144,000
157,583
183,080
171,650
Source:MLS
Highest Average Sales Price by
Area: Resale Market
25
Area
10
Area
25
Area
18
$369,018
$341,155
$283,369
Source:MLS
Largest Number of Sales by
Area: (Resale Market)
2,361
1,616
1,453 1,399 1,396
Source:MLS
7
Strength of the
Market:
The Price
Appreciation
experienced in
2007
San Antonio Subdivisions
Subdivision Yr2005 $/SqFt YR2006 $/SqFt YTD2007 $/SqFt
AlamoHeights $347,806 $164.00 $436,149 $181.00 $419,011 $190.00
Bluffview $417,058 $105.00 $445,066 $116.00 $481,571 $125.00
BraunStation $135,382 $73.00 $144,130 $80.00 $158,773 $82.00
CaminoBandera $185,072 $74.00 $193,476 $78.00 $214,012 $81.00
CastleHills $238,512 $83.00 $251,094 $94.00 $281,784 $98.00
ChurchillEstates $196,060 $81.00 $217,168 $91.00 $215,480 $95.00
ColoniesNorth $133,851 $74.00 $131,905 $81.00 $141,740 $87.00
Deerfield $256,159 $92.00 $294,792 $101.00 $317,809 $105.00
Dellview $78,934 $67.00 $87,893 $75.00 $92,076 $77.00
ElmCreek $410,905 $116.00 $458,819 $131.00 $490,666 $132.00
Source:MLS
San Antonio Subdivisions (cont.)
Subdivision Yr2005 $/SqFt YR2006 $/SqFt YTD2007 $/SqFt
EncinoPark $182,585 $75.00 $189,405 $82.00 $207,541 $88.00
FairOaksRanch $379,460 $120.00 $414,922 $132.00 $435,169 133.00
HarmonyHills $142,431 $75.00 $145,770 $85.00 $161.587 $87.00
HiddenForest $177,285 $80.00 $189,884 $86.00 $211,625 $91.00
HuntersCreek $233,027 $88.00 $261,430 $101.00 $280.674 $103.00
LongsCreek $119,346 $63.00 $138,957 $66.00 $143,439 $74.00
MonteVista $377,941 $177.00 $385,882 $149.00 $419,937 $161.00
Northwest
Crossing
$107,652 $63.00 $119,877 $71.00 $129,088 $72.00
OakwellFarms $314,514 $113.00 $339,276 $125.00 $383,190 $139.00
OlmosPark $484,763 $169.00 $510,773 $170.00 $656,875 $208.00
Source:MLS
San Antonio Subdivisions (cont.)
Subdivision Yr2005 $/SqFt YR2006 $/SqFt YTD2007 $/SqFt
Olympia $175,487 $78.00 $189,364 $82.00 $206,941 $88.00
RogersRanch $337,414 $98.00 $363,517 $108.00 $386,279 $113.00
SanPedroHills $133,604 $71.00 $147,618 $79.00 $168,689 $84.00
ShavanoPark $435,537 $120.00 $489,087 $129.00 $593,389 $164.00
StoneOak $192,440 $77.00 $187,396 $85.00 $194,325 $82.00
TerrellHills $411,665 $139.00 $399,514 $150.00 $527,166 $176.00
TheDominion $611,197 $197.00 $714,047 $157.00 $820,019 $184.00
TheVineyards $269,729 $91.00 $267,418 $94.00 $276,229 $99.00
Timberwood
Park
$234,108 $93.00 $267,262 $105.00 $289,406 $109.00
Westcreek $143,885 $64.00 $157,325 $69.00 $158,412 $74.00
Source:MLS
So what does all of this mean?
• Salesaredownfrom2006;numbersare
comparableto2005(approx.8%)
• SanAntonioexperiencedhealthyprice
appreciationofhomesalesin2007
(approx.7%)
• NARpredictsdeclineinexistinghomesales
forfirsthalfof2008;potentialincreasesby
midͲ2008
So what does all of this mean?
• All“RealEstateisLOCAL”
–Approx.85,400newjobsoverthenext5
years(Source:EconomistRayPerryman)
–Affordableinterestrates(6.5%orless)
–PriceAppreciation(SanAntoniocontinues
toseesteadypriceappreciation)
What What 2008 2008 Buyers Buyers
Want Want
Upscale/Fancy Bathrooms
Pet Showers Pet Showers – –
Ideal for Keeping Ideal for Keeping
the Water In the Water In
Bringing the Bringing the
Indoors Out Indoors Out
Remote Remote
Access Access
FormalLivingRooms FormalLivingRooms
– – Notsolivable Notsolivable
anymore anymore
Not so Not so
trendy trendy
anymore anymore… …
As beautiful As beautiful
as high as high
ceilings can ceilings can
be, be, 9 9- -11 11 ft ft
ceilings are ceilings are
now now
preferred. preferred.
Mosaic Mosaic
Tile Tile… …
Not as desired as Not as desired as
it once was. it once was.
And Rounding out the “out ”
List…
Adjustable Rate Mortgages
BobLeonard,2008ChairmanoftheBoard
SanAntonioBoardofREALTORS®
The 2008 San Antonio The 2008 San Antonio
Housing Forecast Housing Forecast
RealEstateisLocal. RealEstateisLocal.
January7,2008 January7,2008
|\||\ ëJ ||||l|', ||Jl||| |JW· |||J||
|||||\ |J\|' ||lJ | ||ll|| ||||| lJ ||\|,
W|l| l|| |||| J| ||l|||||'|.
Enlerprise is o leoding resource lor thc
dcvclopmcnt capital and cxpcrtisc it takcs to
crcatc dcccnt, allordablc homcs and to rcbuild
communitics. Vc'rc invcsting 81 billion a ycar with
countlcss partncrs who sharc our vision and our
will to makc a dillcrcncc in thc livcs ol lowincomc
Amcricans.
O.er the past 25 years, Enterprise has raised and
in.ested more than S8 billion to produce 225,000
affordable homes in communities across the nation.
For morc inlormation, log on to:
www.enlerprisecommunily.org
One Source,
One Firm
SM
San Antonio 210.494.0088
Offices Nationwide www.c-b.com
Planning Engineering Environmental
Transportation Architecture Management
18198_Sulphur Springs_08 Housing Forecast Booklet_Dec:Layout 1
51952/PerfectBlend2.indd 1 12/7/07 9:07:25 AM
page
15
1
Greater San Antonio Builders Association
The U.S. Economy and Housing Markets
January 7, 2008
PRESENTED BY Dr. David W. Berson
Senior Vice President
Chief Economist & Strategist
The PMI Group, Inc.
Real GDP Growth: Looks Good
(But Can it Last?)
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
7%
8%
Q
1
:
9
7
Q
3
:
9
7
Q
1
:
9
8
Q
3
:
9
8
Q
1
:
9
9
Q
3
:
9
9
Q
1
:
0
0
Q
3
:
0
0
Q
1
:
0
1
Q
3
:
0
1
Q
1
:
0
2
Q
3
:
0
2
Q
1
:
0
3
Q
3
:
0
3
Q
1
:
0
4
Q
3
:
0
4
Q
1
:
0
5
Q
3
:
0
5
Q
1
:
0
6
Q
3
:
0
6
Q
1
:
0
7
Q
3
:
0
7
Source: Bureau of Economic Analysis/Haver Analytics
Non-farm Payroll Employment and Civilian
Unemployment Rate: How Much Is The Job Market
Slowing?
-200
-100
0
100
200
300
400
M
a
r
:
2
0
0
2
J
u
n
:
2
0
0
2
S
e
p
:
2
0
0
2
D
e
c
:
2
0
0
2
M
a
r
:
2
0
0
3
J
u
n
:
2
0
0
3
S
e
p
:
2
0
0
3
D
e
c
:
2
0
0
3
M
a
r
:
2
0
0
4
J
u
n
:
2
0
0
4
S
e
p
:
2
0
0
4
D
e
c
:
2
0
0
4
M
a
r
:
2
0
0
5
J
u
n
:
2
0
0
5
S
e
p
:
2
0
0
5
D
e
c
:
2
0
0
5
M
a
r
:
2
0
0
6
J
u
n
:
2
0
0
6
S
e
p
:
2
0
0
6
D
e
c
:
2
0
0
6
M
a
r
:
2
0
0
7
J
u
n
:
2
0
0
7
S
e
p
:
2
0
0
7
D
e
c
:

2
0
0
7
4.0
4.5
5.0
5.5
6.0
6.5
Change in Non-farm Payroll Employment
(left axis)
Civilian Unemployment Rate
(right axis)
Thousands
Percent
Source: Bureau of Labor Statistics/Haver Analytics
Consumer Sentiment: Still Slipping
40
50
60
70
80
90
100
110
120
D
e
c
:
1
9
8
7
D
e
c
:
1
9
8
8
D
e
c
:
1
9
8
9
D
e
c
:
1
9
9
0
D
e
c
:
1
9
9
1
D
e
c
:
1
9
9
2
D
e
c
:
1
9
9
3
D
e
c
:
1
9
9
4
D
e
c
:
1
9
9
5
D
e
c
:
1
9
9
6
D
e
c
:
1
9
9
7
D
e
c
:
1
9
9
8
D
e
c
:
1
9
9
9
D
e
c
:
2
0
0
0
D
e
c
:
2
0
0
1
D
e
c
:
2
0
0
2
D
e
c
:
2
0
0
3
D
e
c
:
2
0
0
4
D
e
c
:
2
0
0
5
D
e
c
:
2
0
0
6
D
e
c
:
2
0
0
7
Source: University of Michigan/Haver Analytics
Index: 1966Q1 = 100
page
16
2
ISM Manufacturing Index:
Below 50 Trouble Ahead?
30
35
40
45
50
55
60
65
D
e
c
:
1
9
8
7
D
e
c
:
1
9
8
8
D
e
c
:
1
9
8
9
D
e
c
:
1
9
9
0
D
e
c
:
1
9
9
1
D
e
c
:
1
9
9
2
D
e
c
:
1
9
9
3
D
e
c
:
1
9
9
4
D
e
c
:
1
9
9
5
D
e
c
:
1
9
9
6
D
e
c
:
1
9
9
7
D
e
c
:
1
9
9
8
D
e
c
:
1
9
9
9
D
e
c
:
2
0
0
0
D
e
c
:
2
0
0
1
D
e
c
:
2
0
0
2
D
e
c
:
2
0
0
3
D
e
c
:
2
0
0
4
D
e
c
:
2
0
0
5
D
e
c
:
2
0
0
6
D
e
c
:
2
0
0
7
Source: Institute for Supply Management Analytics
ISM Non-Manufacturing Index:
Down, But Not Out.
40
45
50
55
60
65
70
D
e
c
:
1
9
9
7
D
e
c
:
1
9
9
8
D
e
c
:
1
9
9
9
D
e
c
:
2
0
0
0
D
e
c
:
2
0
0
1
D
e
c
:
2
0
0
2
D
e
c
:
2
0
0
3
D
e
c
:
2
0
0
4
D
e
c
:
2
0
0
5
D
e
c
:
2
0
0
6
D
e
c
:
2
0
0
7
Source:ISM/Haver Analytics
New Houses Sold: A Steep Decline
0
200
400
600
800
1000
1200
1400
1600
N
o
v
:
1
9
8
6
N
o
v
:
1
9
8
7
N
o
v
:
1
9
8
8
N
o
v
:
1
9
8
9
N
o
v
:
1
9
9
0
N
o
v
:
1
9
9
1
N
o
v
:
1
9
9
2
N
o
v
:
1
9
9
3
N
o
v
:
1
9
9
4
N
o
v
:
1
9
9
5
N
o
v
:
1
9
9
6
N
o
v
:
1
9
9
7
N
o
v
:
1
9
9
8
N
o
v
:
1
9
9
9
N
o
v
:
2
0
0
0
N
o
v
:
2
0
0
1
N
o
v
:
2
0
0
2
N
o
v
:
2
0
0
3
N
o
v
:
2
0
0
4
N
o
v
:
2
0
0
5
N
o
v
:
2
0
0
6
N
o
v
:
2
0
0
7
Source: Census Bureau/Haver Analytics
T
h
o
u
s
a
n
d
s
Existing Home Sales: Also A Steep Decline
1000
2000
3000
4000
5000
6000
7000
N
o
v
:
1
9
8
7
N
o
v
:
1
9
8
8
N
o
v
:
1
9
8
9
N
o
v
:
1
9
9
0
N
o
v
:
1
9
9
1
N
o
v
:
1
9
9
2
N
o
v
:
1
9
9
3
N
o
v
:
1
9
9
4
N
o
v
:
1
9
9
5
N
o
v
:
1
9
9
6
N
o
v
:
1
9
9
7
N
o
v
:
1
9
9
8
N
o
v
:
1
9
9
9
N
o
v
:
2
0
0
0
N
o
v
:
2
0
0
1
N
o
v
:
2
0
0
2
N
o
v
:
2
0
0
3
N
o
v
:
2
0
0
4
N
o
v
:
2
0
0
5
N
o
v
:
2
0
0
6
N
o
v
:
2
0
0
7
Source: National Association of Realtors/ Haver Analytics
T
h
o
u
s
a
n
d
s
page
17
3
Single-Family Housing Starts:
A Serious Housing Recession
200
400
600
800
1000
1200
1400
1600
1800
2000
N
o
v
:
1
9
8
7
N
o
v
:
1
9
8
8
N
o
v
:
1
9
8
9
N
o
v
:
1
9
9
0
N
o
v
:
1
9
9
1
N
o
v
:
1
9
9
2
N
o
v
:
1
9
9
3
N
o
v
:
1
9
9
4
N
o
v
:
1
9
9
5
N
o
v
:
1
9
9
6
N
o
v
:
1
9
9
7
N
o
v
:
1
9
9
8
N
o
v
:
1
9
9
9
N
o
v
:
2
0
0
0
N
o
v
:
2
0
0
1
N
o
v
:
2
0
0
2
N
o
v
:
2
0
0
3
N
o
v
:
2
0
0
4
N
o
v
:
2
0
0
5
N
o
v
:
2
0
0
6
N
o
v
:
2
0
0
7
Source: Census Bureau/ Haver Analytics
T
h
o
u
s
a
n
d
s
Multifamily Housing Starts: Fairly Stable
100
150
200
250
300
350
400
450
500
550
600
N
o
v
:
1
9
8
7
N
o
v
:
1
9
8
8
N
o
v
:
1
9
8
9
N
o
v
:
1
9
9
0
N
o
v
:
1
9
9
1
N
o
v
:
1
9
9
2
N
o
v
:
1
9
9
3
N
o
v
:
1
9
9
4
N
o
v
:
1
9
9
5
N
o
v
:
1
9
9
6
N
o
v
:
1
9
9
7
N
o
v
:
1
9
9
8
N
o
v
:
1
9
9
9
N
o
v
:
2
0
0
0
N
o
v
:
2
0
0
1
N
o
v
:
2
0
0
2
N
o
v
:
2
0
0
3
N
o
v
:
2
0
0
4
N
o
v
:
2
0
0
5
N
o
v
:
2
0
0
6
N
o
v
:
2
0
0
7
Source: Census Bureau/ Haver Analytics
T
h
o
u
s
a
n
d
s
New Single-Family Houses For Sale:
A Big Number, But Still Understated
200
250
300
350
400
450
500
550
600
N
o
v
:
1
9
8
7
N
o
v
:
1
9
8
8
N
o
v
:
1
9
8
9
N
o
v
:
1
9
9
0
N
o
v
:
1
9
9
1
N
o
v
:
1
9
9
2
N
o
v
:
1
9
9
3
N
o
v
:
1
9
9
4
N
o
v
:
1
9
9
5
N
o
v
:
1
9
9
6
N
o
v
:
1
9
9
7
N
o
v
:
1
9
9
8
N
o
v
:
1
9
9
9
N
o
v
:
2
0
0
0
N
o
v
:
2
0
0
1
N
o
v
:
2
0
0
2
N
o
v
:
2
0
0
3
N
o
v
:
2
0
0
4
N
o
v
:
2
0
0
5
N
o
v
:
2
0
0
6
N
o
v
:
2
0
0
7
Source: Census Bureau/ Haver Analytics
T
h
o
u
s
a
n
d
s
Months’ Supply of New Homes:
Bad News, But Also Understated
1
2
3
4
5
6
7
8
9
10
N
o
v
:
1
9
8
7
N
o
v
:
1
9
8
8
N
o
v
:
1
9
8
9
N
o
v
:
1
9
9
0
N
o
v
:
1
9
9
1
N
o
v
:
1
9
9
2
N
o
v
:
1
9
9
3
N
o
v
:
1
9
9
4
N
o
v
:
1
9
9
5
N
o
v
:
1
9
9
6
N
o
v
:
1
9
9
7
N
o
v
:
1
9
9
8
N
o
v
:
1
9
9
9
N
o
v
:
2
0
0
0
N
o
v
:
2
0
0
1
N
o
v
:
2
0
0
2
N
o
v
:
2
0
0
3
N
o
v
:
2
0
0
4
N
o
v
:
2
0
0
5
N
o
v
:
2
0
0
6
N
o
v
:
2
0
0
7
Source: Census Bureau/ Haver Analytics
T
h
o
u
s
a
n
d
s
page
18
4
Existing Single-Family Homes for Sale:
Near Record Highs
1000
1500
2000
2500
3000
3500
4000
N
o
v
:
1
9
8
7
N
o
v
:
1
9
8
8
N
o
v
:
1
9
8
9
N
o
v
:
1
9
9
0
N
o
v
:
1
9
9
1
N
o
v
:
1
9
9
2
N
o
v
:
1
9
9
3
N
o
v
:
1
9
9
4
N
o
v
:
1
9
9
5
N
o
v
:
1
9
9
6
N
o
v
:
1
9
9
7
N
o
v
:
1
9
9
8
N
o
v
:
1
9
9
9
N
o
v
:
2
0
0
0
N
o
v
:
2
0
0
1
N
o
v
:
2
0
0
2
N
o
v
:
2
0
0
3
N
o
v
:
2
0
0
4
N
o
v
:
2
0
0
5
N
o
v
:
2
0
0
6
N
o
v
:
2
0
0
7
Source: National Association of Realtors/ Haver Analytics
T
h
o
u
s
a
n
d
s
Months’ Supply of Single-Family Homes on the Market:
Near Record Levels
1
2
3
4
5
6
7
8
9
10
11
N
o
v
:
1
9
8
7
N
o
v
:
1
9
8
8
N
o
v
:
1
9
8
9
N
o
v
:
1
9
9
0
N
o
v
:
1
9
9
1
N
o
v
:
1
9
9
2
N
o
v
:
1
9
9
3
N
o
v
:
1
9
9
4
N
o
v
:
1
9
9
5
N
o
v
:
1
9
9
6
N
o
v
:
1
9
9
7
N
o
v
:
1
9
9
8
N
o
v
:
1
9
9
9
N
o
v
:
2
0
0
0
N
o
v
:
2
0
0
1
N
o
v
:
2
0
0
2
N
o
v
:
2
0
0
3
N
o
v
:
2
0
0
4
N
o
v
:
2
0
0
5
N
o
v
:
2
0
0
6
N
o
v
:
2
0
0
7
Source: National Association of Realtors/ Haver Analytics
T
h
o
u
s
a
n
d
s
Fed Senior Loan Survey:
It’s Harder To Get A Mortgage Today
-20
-10
0
10
20
30
40
50
60
Q
2
:
1
9
9
1
Q
4
:
1
9
9
2
Q
2
:
1
9
9
4
Q
4
:
1
9
9
5
Q
2
:
1
9
9
7
Q
4
:
1
9
9
8
Q
2
:
2
0
0
0
Q
4
:
2
0
0
1
Q
2
:
2
0
0
3
Q
4
:
2
0
0
4
Q
2
:
2
0
0
6
Q
4
:
2
0
0
7
Source: Federal Reserve Board/Haver Analytics.
Haver Estimates
P
e
r
c
e
n
t
The “TED” Spread:
Higher Suggests Market Dislocations
0.0
0.5
1.0
1.5
2.0
2.5
6
/
2
2
/
2
0
0
1
1
2
/
2
2
/
2
0
0
1
6
/
2
2
/
2
0
0
2
1
2
/
2
2
/
2
0
0
2
6
/
2
2
/
2
0
0
3
1
2
/
2
2
/
2
0
0
3
6
/
2
2
/
2
0
0
4
1
2
/
2
2
/
2
0
0
4
6
/
2
2
/
2
0
0
5
1
2
/
2
2
/
2
0
0
5
6
/
2
2
/
2
0
0
6
1
2
/
2
2
/
2
0
0
6
6
/
2
2
/
2
0
0
7
1
2
/
2
2
/
2
0
0
7
Source: Haver Analytics
P
e
r
c
e
n
t
a
g
e

P
o
i
n
t
s
5
LIBOR Has Surged Relative To Fed Funds:
Another Sign of Market Dislocation
-0.6
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
6
/
2
2
/
2
0
0
1
1
2
/
2
2
/
2
0
0
1
6
/
2
2
/
2
0
0
2
1
2
/
2
2
/
2
0
0
2
6
/
2
2
/
2
0
0
3
1
2
/
2
2
/
2
0
0
3
6
/
2
2
/
2
0
0
4
1
2
/
2
2
/
2
0
0
4
6
/
2
2
/
2
0
0
5
1
2
/
2
2
/
2
0
0
5
6
/
2
2
/
2
0
0
6
1
2
/
2
2
/
2
0
0
6
6
/
2
2
/
2
0
0
7
1
2
/
2
2
/
2
0
0
7
Source: Haver Analytics
P
e
r
c
e
n
t
a
g
e

P
o
i
n
t
s
Conforming House Prices Have Stopped Rising
0%
2%
4%
6%
8%
10%
12%
Q
3
:
1
9
9
2
Q
3
:
1
9
9
3
Q
3
:
1
9
9
4
Q
3
:
1
9
9
5
Q
3
:
1
9
9
6
Q
3
:
1
9
9
7
Q
3
:
1
9
9
8
Q
3
:
1
9
9
9
Q
3
:
2
0
0
0
Q
3
:
2
0
0
1
Q
3
:
2
0
0
2
Q
3
:
2
0
0
3
Q
3
:
2
0
0
4
Q
3
:
2
0
0
5
Q
3
:
2
0
0
6
Q
3
:
2
0
0
7
Source: Office of Federal Housing Enterprise Oversight/ Haver
Analytics. Percent Change – Year to Year
But A Broader Measure
Suggests Sharp Home Price Declines
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
Q
1
:
1
9
8
8
Q
3
:
1
9
8
9
Q
1
:
1
9
9
1
Q
3
:
1
9
9
2
Q
1
:
1
9
9
4
Q
3
:
1
9
9
5
Q
1
:
1
9
9
7
Q
3
:
1
9
9
8
Q
1
:
2
0
0
0
Q
3
:
2
0
0
1
Q
1
:
2
0
0
3
Q
3
:
2
0
0
4
Q
1
:
2
0
0
6
Q
3
:
2
0
0
7
Source: S&P, Fiserv, and Macro Markets LLC/Haver Analytics.
Percent Change – Year to Year
P
e
r
c
e
n
t
a
g
e

P
o
i
n
t
s
MBA: Volume Index:
Mortgage Loan Applications for Purchase
40
50
60
70
80
90
100
110
120
D
e
c
:
1
9
8
7
D
e
c
:
1
9
8
8
D
e
c
:
1
9
8
9
D
e
c
:
1
9
9
0
D
e
c
:
1
9
9
1
D
e
c
:
1
9
9
2
D
e
c
:
1
9
9
3
D
e
c
:
1
9
9
4
D
e
c
:
1
9
9
5
D
e
c
:
1
9
9
6
D
e
c
:
1
9
9
7
D
e
c
:
1
9
9
8
D
e
c
:
1
9
9
9
D
e
c
:
2
0
0
0
D
e
c
:
2
0
0
1
D
e
c
:
2
0
0
2
D
e
c
:
2
0
0
3
D
e
c
:
2
0
0
4
D
e
c
:
2
0
0
5
D
e
c
:
2
0
0
6
D
e
c
:
2
0
0
7
Source: Mortgage Bankers Association/Haver Analytics
Index: March 16, 1990 = 100
16706
When i t comes to real
estate, no one knows the
market l i ke the San
Antonio Express-News.
With reliable products like
the Saturday and Sunday
Real Estate section, Best
Homes, the Classifieds
secti on, Real Estate
Online and many more,
it’s no wonder that more
than 317,000* readers
pi ck up the Express-
News each month to help
them find their next new
home. Joi n the real
estate exper ts...cal l
250.2307 or call your San
Antonio Express-News
account representative.
* MORI Research, 2005
SELL MORE
PROPERTIES.
SELL MORE
PROPERTIES.
Why Choose Team Timber Tech?
Phone: (210) 658-7057 � Fax: (210) 658-8970
www.timbertechtexas.com
� Reliable, professional service since 1975
� Exceptional quality and customer service
� Committed to “On Time Again!” delivery
� The most experienced and motivated team
to serve you!
Wall Panels � Floor Trusses � Roof Trusses � Glulams � Lt. Ga. Steel Trusses
1
Page 1
Is There an Upside?
San Antonio Housing Growth
0
5,000
10,000
15,000
20,000
25,000
1
9
8
0
1
9
8
2
1
9
8
4
1
9
8
6
1
9
8
8
1
9
9
0
1
9
9
2
1
9
9
4
1
9
9
6
1
9
9
8
2
0
0
0
2
0
0
2
2
0
0
4
2
0
0
6
San Ant oni o Si ngl e Fami l y Annual St ar t s
1980-2006
Sour ce: Met r ost udy
Popul at i on Gr owt h
1980- 2000
SAN ANTONI O
57% (2.9% annually) +623,993 1,711,703 2000
29% (2.9% annually) +386,954
1,324,749 1990
+22% (2.2% annually) +236,039
1,088,710 1980
% Change Net Change Population Year
SOURCE: Texas St at e Dat a Cent er and Of f i ce of t he St at e Demographer
Popul at i on Gr owt h
1980- 2000
TEXAS
47% (2.4% annually) +6,622,629 20,851,820 2000
+23% (2.3% annually) +3,865,310
16,986,510 1990
+19% (1.9% annually) +2,757,319
14,229,191 1980
% Change Net Change Population Year
SOURCE: Texas St at e Dat a Cent er and Of f i ce of t he St at e Demographer
2
Page 2
Popul at i on Gr owt h
2000- 2040
SAN ANTONI O-Scenar i o 1
78% (1.7% annually) +1,328,414 3,040,117 2040
2,741,919 2030
2,403,103 2020
2,049,511 2010
1,711,703 2000
% Change Net Change Population Year
SOURCE: Texas St at e Dat a Cent er and Of f i ce of t he St at e Demographer
Popul at i on Gr owt h
2000- 2040
SAN ANTONI O-Scenari o 2000-2004
61% (1.5% annually) +1,038,402 2,750,105 2040
2,584,700 2030
2,335,858 2020
2,030,892 2010
1,711,703 2000
% Change Net Change Population Year
SOURCE: Texas St at e Dat a Cent er and Of f i ce of t he St at e Demographer
Popul at i on Gr owt h
2000- 2040
TEXAS-Scenari o 1
148% (3.7% annually) +30,856,000 51,707,500 2040
41,117,624 2030
32,736,693 2020
26,058,565 2010
20,851,820 2000
% Change Net Change Population Year
SOURCE: Texas St at e Dat a Cent er and Of f i ce of t he St at e Demographer
Popul at i on Gr owt h
2000- 2040
TEXAS-Scenari o 2000-2004
109% (2.73% annually) +22,730,108 43,581,928 2040
36,332,880 2030
30,252,539 2020
25,105,646 2010
20,851,820 2000
% Change Net Change Population Year
SOURCE: Texas St at e Dat a Cent er and Of f i ce of t he St at e Demographer
3
Page 3
Bar r i er s t o Fut ur e Gr owt h
Adequate Affordable Water Resources
• SAWS
• Has good infrastructure
• Has 50 year water supply plan
• Water sources in immediate area have supply problems
• Trinity and Glen Rose aquifers have unreliable yields
• Edwards use is limited by Federal Court order
• Carrizo Aquifer counties are establishing Ground Water
Adequate Affordable Water Resources
(Cont….)
• Bexar Met
• Has infrastructure challenges (fractured
district)
• Has secured dependable water supply
• Working through management issues
• Underestimated Growth
• Could severely strain supply (costly to
supplement)
• Inadequate infrastructure (costly to build
quickly)
• End result could be much higher costs or
housing slowdown
Unfavorable Development
Regulations
• Over 40 county development bills
written in 80
th
Legislature
• Most would give counties more power to
control development
• Aimed at controlling growth on edge of
urban counties
• Kendall, Comal, and Medina counties
have enacted development ordinances
limiting lot sizes from 1 to 6 acres
• Effectively stops entry level housing
• Increases cost per lot for infrastructure
4
Page 4
Immigration Reform
• New home construction accounts for 17% of the Gross
Domestic Product
• 12,000,000 undocumented immigrants in the U.S.
• #1 voter issue in this Presidential election cycle
• Approximately 23% of construction work force is foreign
born
• PEW Hispanic Center estimates over 1.4 million (12%) of
construction industry work force are undocumented
immigrants
• June 6, 2007, over 1,200 NAHB members visited Capitol
Hill and killed an unworkable immigration reform bill
• Guest worker permits must be addressed in any reform
bill to avoid total disruption of housing industry
Political Roadblocks
• SAWS Board rejected application for 1,700 acre
development out Bandera Highway
• To avoid serving the development, SAWS may
abandon CCN request
• Mayor Hardberger has indicated that he supports
the prevention of additional development over the
Edwards recharge/contributing zones
Political Roadblocks
• SB 1688
• Established overlay zone 5 miles either side of State Hwy 130 in
Travis County (42 square miles)
• Included special purpose annexation
• City of Austin could collect taxes for 15 years without providing
services
• Landowners not allowed to vote in City elections
• City would determine all proposed land uses without permission of
Landowners
• Total control by City with no accountability to anyone
Summary
• Immigration is a National issue we can’t control
locally
• Water resources/policy, development regulations,
and political roadblocks can be influenced by
industry participation in the political process
• Projected population growth in Texas will give the
housing industry a tremendous opportunity to
grow and stay healthy
5
Page 5
Conclusion
• TEXAS HAS A HOMEOWNERSHIP RATE OF 66%
• TEXAS RANKS 45
TH
IN THE U.S. IN
HOMEOWNERSHIP
• TEXAS HAS A VERY BRIGHT FUTURE AND THE
ABILITY TO SURGE FORWARD IN
HOMEOWNERSHIP, BUT ONLY IF WE WORK
TOGETHER TO TAKE ADVANTAGE OF THE
TREMENDOUS OPPORTUNITY PRESENTED BY
OUR FUTURE GROWTH
Your Goals Deserve Our Attention
Every year, millions of Americans enjoy the rewards of homeownership. And
they trust their homeownership goals to Wells Fargo Home Mortgage. We’d
like to help you, too.
With our exclusive programs and dedication to personal service, you can feel
confident that we’ll help you choose the home financing that’s tailored to fit your
current needs and future goals. We’re ready to help you with programs that include:
• PriorityBuyer
®1
preapproval
• Options for those with less-than-perfect credit
• Low- and no-money-down programs
• Close-on-time
SM1
guarantee
• Special customer discounts when you have your mortgage and banking
with Wells Fargo
1. The original purchase contract must allow for a minimum of 10 calendar days between the
date Wells Fargo Home Mortgage (WFHM) receives all required and complete application
information and the initial closing date for conventional, prime, mortgage loan applications up
to $1 million; and it must allow for a minimum of 21 calendar days between those dates for
applications greater than $1 million. Not available on certain loan types. Other terms and
conditions apply. Ask a Home Mortgage Consultant for details. 2. FHA regulations require a
minimum cash investment from a borrower. Therefore, for payment under the guarantee for an
FHA loan product, we’ll make a donation equivalent to your first month’s mortgage payment to
a faith-based or non-profit organization of your choice. The recipient organization must have
status under 501(c)3 of the Internal Revenue Code. 3. Based on yearend 2006 statistics by
Inside Mortgage Finance 2/23/07. This information is for real estate professionals
only and is not intended for distribution to consumers. Information is accurate as of
date of printing and is subject to change without notice.
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
© 2007 Wells Fargo Bank, N.A. All rights reserved. #53703 12/07-3/08
Wells Fargo Home Mortgage
300 E. Sonterra Blvd., Suite 320
San Antonio, TX 78258
210-403-7916
210-403-5210
210-403-5206
Wells Fargo Home Mortgage
40 NE Loop 410, Suite 301
San Antonio, TX 78216
210-856-8853
Wells Fargo Home Mortgage
1000 N. Walnut Avenue
New Braunfels, TX 78130
830-606-5044
Job #53703
3.75” x 5”
gs
Important
This ad will
expire 90 days
from the date
printed in the
disclosure.
C M Y CM MY CY CMY K
© 2007 LMW Design Group (623) 535-0051
© 2008 HOLT CAT
HOLT RENTAL SERVICES
3302 South W.W. White Road • San Antonio
(210) 333-8505
holtcat.com
Your Rel i abl e Sour ce f or
Qual i t y Rent al Equi pment
We have a full line of Caterpillar
®
and other quality
equipment – from Skid
Steer Loaders to
Compressors to Mini-
Hydraulic Excavators –
all available for long and
short term rental.
(#8051) Greater San Antonio Builders Association 2008 Housing Forecast
1/4 page (7w x 5t), no bleed, 1-color
Just what you’d expect
from HOLT Rental Services.
Special Thanks to:
Jack Inselmann
Michael Moore
Bob Leonard
David Berson
Richard Perez
Henry Cisneros
Jack I nsel mann
Met r ost udy
1852 Lockhi l l Sel ma - # 102
San Ant oni o, TX 78213
210.525.9549
Met r ost udy is the leading provider of primary and secondary market information to the housing
and related industries nationwide. I n addition to providing information, the company is recognized
for its consulting expertise on development, marketing and economic issues, and is a key source of
research studies evaluating the feasibility of residential and commercial real estate projects.
Services are offered through an extensive network of offices strategically located in major
metropolitan areas throughout the country.
Open Markets
Opening Soon
Met r ost udy
2008 Housi ng For ecast
Sour ce: Met r ost udy
Top 15 STATES RANKED BY JOB GROWTH – ( Oct ‘07)
Rank St at e Annual Job Growt h % Change
1 Texas 207,100 2.0%
2 Florida 110,600 1.4%
3 Calif ornia 109,300 0.7%
4 Georgia 79,800 1.9%
5 New York 77,700 0.9%
6 Nort h Carolina 68,300 1.7%
7 Washingt on 57,700 2.0%
8 Virginia 56,200 1.5%
9 Ut ah 51,400 4.2%
10 Pennsylvania 47,900 0.8%
11 Colorado 47,200 2.1%
12 Arizona 44,800 1.7%
13 Louisiana 42,100 2.2%
14 I llinois 37,600 0.6%
15 Massachuset t s 34,500 1.1%
Sour ce: Met r ost udy - Met r oUSA 1,072,200
Rank St at e SF Annual Permit SF Annual Change
1 Texas 123,032 -42,929
2 Florida 80,748 -83,116
3 Calif ornia 71,035 -38,744
4 Nort h Carolina 70,426 -13,390
5 Georgia 57,228 -27,752
6 Arizona 39,867 -20,249
7 Sout h Carolina 31,986 -10,446
8 Tennessee 30,982 -7,436
9 Virginia 30,821 -10,009
10 Washingt on 29,590 -6,123
11 Pennsylvania 29,423 -5,495
12 Ohio 26,483 -10,363
13 I llinois 26,315 -15,519
14 Colorado 22,745 -10,725
15 I ndiana 19,886 -5,502
Sour ce: Met r ost udy - Met r oUSA 690,567 - 307,798
TOP 15 STATES RANKED BY SF PERMI TS – ( Oct ’07)
Rank MSA Job Gr owt h Annual%
1 New York-Nort hern New Jersey NY-NJ 77,500 0.9%
2 Dallas-Fort Wort h-Arlingt on TX 64,600 2.2%
3 At lant a-Sandy Springs-Mariet t a GA 55,900 2.3%
4 Houst on-Bayt own-Sugar Land TX 52,900 2.1%
5 Riverside-San Bernardino-Ont ario CA 42,600 3.3%
6 Seat t le-Tacoma-Bellevue WA 42,500 2.5%
7 Chicago-Naperville-Joliet I L-I N-WI 42,400 0.9%
8 Washingt on-Arlingt on DC-VA 41,900 1.4%
9 Phoenix-Mesa-Scot t sdale AZ 34,500 1.8%
10 Miami-Fort Lauderdale-Miami Beach FL 31,700 1.3%
11 Los Angeles-Long Beach-Sant a Ana CA 30,100 0.5%
12 Salt Lake Cit y UT 27,100 4.4%
15 Aust in-Round Rock 29,500 4.1%
27 San Ant onio 14,400 1.8%
Sour ce: Met r ost udy - Met r oUSA
Top 12 MSA’S RANKED BY JOB GROWTH – ( Oct ’07)
5. 0 %
5. 2 %
5. 4 %
5. 6 %
5. 8 %
6 . 0 %
6 . 2 %
6 . 4 %
6 . 6 %
6 . 8 %
7. 0 %
22-
Dec
9-
Feb
30-
Mar
18-
May
6-
Jul
24-
Aug
12-
Oct
30-
Nov
18-
Jan
8-
Mar
26-
Apr
14-
Jun
2-
Aug
20-
Sep
8-
Nov
27-
Dec
MORTGAGE I NTEREST RATE TREND
December 2005 – December 2007
2007 2006
SOURCE: Freddi e Mac
Met r ost udy
2008 Housi ng For ecast
Sour ce: Met r ost udy
- 200,000
- 100,000
0
100,000
200,000
300,000
400,000
1
9
9
1
1
9
9
2
1
9
9
3
1
9
9
4
1
9
9
5
1
9
9
6
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
STATE OF TEXAS
ANNUAL JOB GROWTH TREND
SOURCE: Texas Wor kf or ce Commi ssi on
15,500
22,500
58,800
46,800
16,700
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
SANANTONI O AUSTI N FT. WORTH HOUSTON DALLAS
Job Gr owt h - Maj or Texas Mar ket s
Annual Rat e – November 2007
SOURCE: Texas Wor kf or ce Commi ssi on
4.0%
4.1%
3.5%
3.9% 4.0%
4.1%
4.7%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
AUSTI N SAN
ANTONI O
DALLAS HOUSTON FORT
WORTH
TEXAS U. S.
Unempl oyment Rat e
Maj or Texas Mar ket s – November 2007
SOURCE: Texas Wor kf or ce Commi ssi on
- 5,000
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
SAN ANTONI O JOB GROWTH TREND
SOURCE: Texas Wor kf or ce Commi ssi on
Met r ost udy
2008 Housi ng For ecast
Sour ce: Met r ost udy
70
90
110
130
150
170
190
3q93 3q95 3q97 3q99 3q01 3q03 3q05 3q07
SAN ANTONI O AREA
Aver age Home Pr i ce Tr end
SOURCE: OFHEO
( $000s)
- 2
- 1
0
1
2
3
4
5
6
7
8
9
10
11
12
3q97 3q98 3q99 3q00 3q01 3q02 3q03 3q04 3q05 3q06 3q07
San Ant oni o Ar ea - Aver age Home Pr i ce
Annual % Change
SOURCE: OFHEO
- 4
- 2
0
2
4
6
8
10
12
14
16
3q97 3q98 3q99 3q00 3q01 3q02 3q03 3q04 3q05 3q06 3q07
San Ant oni o Aust i n Dal l as
Ft . Wort h Houst on Texas
Aver age Home Pr i ce
Annual % Change
SOURCE: OFHEO
9.4%
9.4%
9.7%
9.8%
10.0%
10.1%
10.3%
11.2%
11.7%
12.2%
12.4%
12.7%
12.8%
13.4%
14.0%
14.0%
14.3%
15.7%
18.5%
18.6%
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%
Asheville, NC
Beaumont - Por t
Aust in- Round Rock, TX
Sumt er , SC
Danville, VA
Jacksonville, NC
Dot han, AL
Killeen- Temple- For t
I daho Falls, I D
Lebanon, PA
San Angelo, TX
Casper , WY
Cumber land, MD- WV
Salt Lake Cit y, UT
Ogden- Clear f ield, UT
Gr and Junct ion, CO
Pr ovo- Or em, UT
Wenat chee, WA
Midland, TX
Odessa, TX
Top 20 MSAs-Hi ghest Rat es of Home Appr eci at i on
Annual Change as of 3q07
San Ant oni o ranked # 29
@ 8.4%
SOURCE: OFHEO
Met r ost udy
2008 Housi ng For ecast
Sour ce: Met r ost udy
- 6.4%
- 6.4%
- 6.6%
- 6.9%
- 6.9%
- 7.1%
- 7.1%
- 7.5%
- 7.9%
- 8.1%
- 8.4%
- 8.9%
- 8.9%
- 9.6%
- 9.7%
- 10.0%
- 11.1%
- 11.6%
- 11.8%
- 13.0%
- 16% - 14% - 12% - 10% - 8% - 6% - 4% - 2% 0%
Sant a Rosa- Pet aluma, CA
Flint , MI
For t Walt on Beach, FL
West Palm Beach, FL
Monr oe, MI
Ann Ar bor , MI
Vallej o- Fair f ield, CA
Salinas, CA
Naples- Mar co I sland, FL
Por t St . Lucie, FL
Sacr ament o, CA
Palm Bay- Melbour ne, FL
Modest o, CA
Sar asot a- Br adent on-
Cape Cor al- For t Myer s, FL
St ockt on, CA
Yuba Cit y, CA
Sant a Bar bar a, CA
Punt a Gor da, FL
Mer ced, CA
Bot t om 20 MSAs-Lowest Rat es of Home Appr eci at i on
Annual Change as of 3q07
SOURCE: OFHEO
- 3.7%
- 3.6%
- 2.4%
- 2.3%
- 2.2%
- 2.1%
- 0.4%
- 0.2%
- 0.1%
- 0.1%
1.8%
6.0%
6.3%
6.3%
6.5%
6.9%
7.0%
7.4%
7.7%
11.8%
12.9%
- 6% - 2% 2% 6% 10% 14%
Michigan
Calif or nia
Nevada
Massachuset t s
Rhode I sland
Flor ida
New Hampshir e
Ar izona
Minnesot a
Ohio
Unit ed St at es
Tennesee
Nor t h Dakot a
Texas
Nor t h Car olina
I daho
Washingt on
New Mexico
Mont ana
Wyoming
Ut ah
Top & Bot t om St at es-Rat es of Home Appr eci at i on
Annual Change as of 3q07
SOURCE: OFHEO
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
2002 2003 2004 2005 2006 2007
ANNUAL STARTS TREND – SA MARKET
2002 – 2007
Source: Met rost udy
5,500
7,500
9,500
11,500
13,500
15,500
17,500
19,500
21,500
4q04 2q05 4q05 2q06 4q06 2q07 4q07
Annual St art s
Annual Cl osi ngs
ANNUAL STARTS & CLOSI NGS TREND
SAN ANTONI O MARKET
Source: Met rost udy
Met r ost udy
2008 Housi ng For ecast
Sour ce: Met r ost udy
0
10,000
20,000
30,000
40,000
50,000
60,000
San Ant onio Aust in Houst on Dallas- Ft . Wor t h
Maj or Texas Mar ket s
Annual St art s Compari son – 3Q06 v 2Q07 v 3Q07
Source: Met rost udy
Rank St at e Annual Permit s Change
1 Houst on-Bayt own-Sugar Land TX 44,118 - 9,393
2 At lant a-Sandy Springs-Mariet t a GA 34,559 - 22,694
3 Dallas-Fort Wort h-Arlingt on TX 29,064 - 18,451
4 Phoenix-Mesa-Scot t sdale AZ 27,530 - 10,380
5 Chicago-Naperville-Joliet I L-I N-WI 19,331 - 10,953
6 Riverside-San Bernardino-Ont ario CA 19,054 - 16,140
7 Charlot t e-Gast onia-Concord NC-SC 16,365 - 4,509
8 Washingt on-Arlingt on-Alexandria DC-V 15,355 - 3,748
9 Las Vegas-Paradise NV 14,473 - 9,440
10 Orlando FL 13,352 - 11,259
11 Aust in-Round Rock TX 13,092 - 5,423
12 Raleigh-Cary NC 12,883 - 591
13 New York-Nort hern New Jersey-Long I 12,748 - 4,414
14 San Ant onio TX 12,594 - 6,504
15 Seat t le-Tacoma-Bellevue WA 12,580 - 3,173
Source: M et rost udy - M et roUSA
TOP 15 MSA’s RANKED BY SF PERMI TS – < Oct 07>
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
West Far NW Far N St one
Oak
NE Scher t z
Ci bol o
New
Br aunf el s
4Q06 4Q07
ANNUAL STARTS – SA MARKET AREA TREND
4Q06 v. 4Q07
Source: Met rost udy
0
100
200
300
400
500
600
700
800
900
1,000
SW UTSA-
Med
N E S Boer ne-
Kendal l
4Q06 4Q07
ANNUAL STARTS – SA MARKET AREA TREND
4Q06 v. 4Q07
Source: Met rost udy
Met r ost udy
2008 Housi ng For ecast
Sour ce: Met r ost udy
0
1,000
2,000
3,000
4,000
5,000
6,000
< $125k $125- 175k $175- 225k $225- 300k $300- 500k > $500k
ANNUAL STARTS BY PRI CE RANGE
Mar ket Shar e Anal ysi s – San Ant oni o
4Q07
9%
41%
20%
5%
12%
13%
Source: Met rost udy
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
2
2.2
2.4
2.6
4Q04 2Q05 4Q05 2Q06 4Q06 2Q07 4Q07
Fi ni shed I nvent ory Trend By Mont hs of Suppl y
San Ant oni o 4Q03 – 4Q07
Source: Met rost udy
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
San Ant onio Aust in Houst on Dallas- Ft . Wor t h
Fi ni shed I nvent or y Compar i son-Mont hs Suppl y
Maj or Texas Mar ket s - 3q06 v. 2q07 v. 3q07
Source: Met rost udy
0
2,000
4,000
6,000
8,000
10,000
12,000
San Ant onio Aust in Houst on Dallas- Ft . Wor t h
Fi ni shed I nvent or y Compar i son
Maj or Texas Mar ket s - 3q06 v. 2q07 v. 3q07
Source: Met rost udy
o Landscaping
o Structural
o Roof
o Interior Walls / Ceiling Finish
o Exterior Walls / Finish
o Doors: Interior / Exterior
o Flooring
o Windows
o Fireplace / Chimney
o Porches / Decks / Carports
o Electrical Systems:
Panels / Outlets / Switches / Fixtures
o Heating, Ventilation and
Air Conditioning Systems
o Plumbing
o Appliances – Repair
o Garage Doors
o Carpentry / Trim Work
o Cabinetry / Countertops
o Move-In / Move-Out Cleaning
Call us today at (210) 493-5277 for an on-site estimate!
Market Ready is a single-source home repair, updating and staging service that
specializes in getting listings in top condition to sell or for move-in.
With our team of experienced professionals, your listings will sell quickly and be
in top move-in condition – without having to manage multiple contractors.
CPS Energy
is honored to sponsor
the 2008 Housing Forecast
The greater San Antonio area is a great place to work and live,
and it is getting better every year
thanks to committed builders, developers, and businesses like you.
CPS Energy is proud to be a part of this community
and is dedicated to providing the energy to help make it happen.

Sign up to vote on this title
UsefulNot useful