A Closer Look at Gross Domestic Product by MSA. Spartanburg. Charleston. Greenville. South Carolina. Hilton Head Island. Columbia.

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1 December Summary s economy improved somewhat, according to recent reports. Payroll employment grew substantially and housing market reports were generally positive while household conditions were mostly stable. Labor Markets: Payroll employment grew. percent in October as employers in the state added 1,1 jobs, on net, to their payrolls. The leisure and hospitality industry was the largest contributor to the overall gain, adding, jobs (1. percent), followed by professional and business services, which added, jobs (1. percent) in the month. Employment also rose in October in other services, education and health services, and in the government sector. On the downside, manufacturing firms reported the largest job cut in October of 2,2 jobs (.9 percent) followed by trade, transportation, and utilities ( jobs) and financial services ( jobs). On a year-over-year basis, total employment in South Carolina grew 2.1 percent. Professional and business services reported the largest employment gain (11, jobs) and the fastest pace of growth (.2 percent). Manufacturing added the second most number of jobs since last October (,1 jobs), while the education and health services industry reported the next fastest pace of growth (. percent). Household Conditions: The unemployment rate in was unchanged at.9 percent in October. Unemployment rates were unchanged or slightly higher in October in every MSA except Myrtle Beach and Sumter, where rates declined to.9 percent and. percent, respectively. In the third quarter of 217, the share of mortgages with payments 9 or more days overdue increased.1 percentage point to 1. percent. The delinquency rate for fixed rate conventional loans was unchanged in the third quarter at 1. percent while the delinquency rate for adjustable rate loans fell to percent. In the second quarter of 217, real personal income rose.7 percent and increased 2.1 percent since the second quarter of 21. Housing Markets: issued 2,7 new residential permits in October, up. percent from the prior month and up 29. percent from a year earlier. Permitting activity picked up in every MSA except Spartanburg in October and rose in every MSA on a yearover-year basis. Housing starts in totaled,1 in October, up 9.9 percent in the month and up 11. percent from last October. Home values in the state, according to CoreLogic Information Solutions, appreciated.2 percent in September and appreciated. percent on a year-over-year basis. House prices rose in every metro area except Charleston and Myrtle Beach in the month and in every MSA on a year-over-year basis. A Closer Look at Gross Domestic Product by MSA Spartanburg Charleston Greenville Hilton Head Island Columbia Myrtle Beach Florence Sumter Real GDP Per Capita in 21 by MSA (29$) Value Rank $7,7 -- Charleston $, 1 Columbia $,1 2 Florence $, Greenville $,2 Hilton Head Island $7,21 Myrtle Beach $2,21 7 Spartanburg $,22 Sumter $, Real GDP Growth in 21 (YoY%)

2 Labor Market Conditions Payroll Employment (SA) Period Level (s) MoM % Change YoY % Change Year-over-Year Percent Change in October Total October 17, Fifth District - Total October 1, Total October 2,.. 2. Logging and Mining (NSA) October... Construction October Manufacturing October Trade, Transportation, and Utilities October Information October Financial Activities October Professional and Business Services October Education and Health Services October Leisure and Hospitality October Payroll Employment Performance Other Services October Total Employment Performance Government October 7.. Year-over-Year Percent Change in October 217 Metro Payroll Employment (NSA) Period Level (s) YoY % Change Charleston MSA - Total October. 2.2 Columbia MSA - Total October 9..9 Florence MSA - Total October Greenville-Anderson MSA - Total October 1.2 Hilton Head Island MSA - Total October Myrtle Beach MSA - Total October 1..1 Spartanburg MSA - Total October Sumter MSA - Total October Total Logging and Mining (NSA) Construction Manufacturing Trade, Transportation, and Utilities Information -1. Financial Activities Professional and Business Services Education and Health Services Leisure and Hospitality (SA) Fifth District (SA) (SA) Charleston MSA Columbia MSA Florence MSA Greenville-Anderson MSA Hilton Head Island MSA Myrtle Beach MSA Spartanburg MSA Sumter MSA Other Services Government

3 Labor Market Conditions Unemployment Rate Unemployment Rate (SA) October 17 September 17 October 1 Through October Fifth District Charleston MSA..2. Columbia MSA.9..2 Florence MSA... Greenville-Anderson MSA... Hilton Head Island MSA.7.7. Myrtle Beach MSA.9..7 Spartanburg MSA..7. Sumter MSA..9. Civilian Labor Force (SA) Period Level (s) MoM % Change YoY % Change October 1, Fifth District October 1,. 1. Labor Force October 2, Year-over-Year Percent Change through October 217 Charleston MSA October Columbia MSA October Florence MSA October Greenville-Anderson MSA October Hilton Head Island MSA October -.7. Myrtle Beach MSA October Spartanburg MSA October Sumter MSA October Initial Unemployment Claims (NSA) Period Level MoM % Change YoY % Change October 1,, Fifth District October, October 1,

4 Household Conditions Real Personal Income (SA) Period Level ($mil) QoQ % Change YoY % Change Year-over-Year Percent Change through Q2:17 Q2:17 1,,. 1. Fifth District Q2:17 1,,11.7 Q2:17 1, Median Family Income Period Level (s) QoQ % Change YoY % Change Charleston MSA Columbia MSA Greenville MSA Non-Business Bankruptcies Period Level QoQ % Change YoY % Change Q:17 19, Fifth District Q:17 1, Q:17 1, Real Personal Income Mortgage Delinquencies Mortgage Delinquencies (% 9+ Days Delinquent) Q:17 Q2:17 Q:1 Percent 9+ Days Delinquent through Q:17 All Mortgages Conventional - Fixed Rate Conventional - Adjustable Rate All Mortgages Conventional - Fixed Rate 1..9 Conventional - Adjustable Rate

5 Real Estate Conditions New Housing Units Permits: New Private Housing Units (NSA) Period Level MoM % Change YoY % Change Year-over-Year Percent Change through October 217 October 11, Fifth District October 1, October 2, Charleston MSA October.1. Columbia MSA October Florence MSA October Greenville MSA October Myrtle Beach MSA October Spartanburg MSA October Sumter MSA October Total Private Housing Starts (SAAR) Period Level (s) MoM % Change YoY % Change October 1, Housing Starts Fifth District October Thousands of Units (SAAR) October 217 October

6 Real Estate Conditions House Price Index (2=1) Period Level MoM % Change YoY % Change Year-over-Year Percent Change through September 217 September Fifth District September 19.. September Charleston MSA September Columbia MSA September Florence MSA September Greenville MSA September 1..2 Myrtle Beach MSA September Spartanburg MSA September Sumter MSA September Median Home Sales Price - NAR (NSA) Period Level ($s) QoQ % Change YoY % Change Charleston MSA Q: House Price Index (CoreLogic) Columbia MSA Q: Charleston MSA Median Home Sales Price (NAR) Greenville MSA Q: Year-over-Year Percent Change through Q:17 Spartanburg MSA Q: Median Home Sales Price - NAHB Period Level ($s) QoQ % Change YoY % Change Charleston MSA Q: Columbia MSA Q: Greenville MSA Q:

7 Real Estate Conditions Charleston MSA Office Vacancy Rate Housing Opportunity Index (%) Q:17 Q2:17 Q:1 Through Q2:17 Charleston MSA. 7.. Columbia MSA.9.. Greenville MSA Commercial Vacancy Rates (%) Q:17 Q2:17 Q:1 Office Vacancies Charleston Industrial Vacancies Charleston Charleston MSA Industrial Vacancy Rate Through Q2: