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1 Forecast current as of: January 213 Economic Indicators U.S. unemployment decreased to 7.7% in February from 7.9% last month, as nonfarm payroll employment increased by 236,. In the previous 3 months, the average employment gains were 195,, showing that February's gains were increasing the rate of growth. Net employment in the construction sector grew by 28, jobs in January from December, with nearly all the job growth occuring in specialty trade contractors. Construction employment has grown by 296, since its low in January 211. The recent strengthening in monthly job growth may pause near 15 thousand jobs during the first quarter, with accelerated job growth materializing during the second half of 213. Roughly 2. million jobs are expected to be created in 213 with stronger creation in subsequent years. Residential Construction Real residential building construction spending in February was $196.8 billion, up 1.4% from January. New units accounted for $12. billion (up 2.5%), while improvements made up the remainder with $76.8 billion, which was down.3% from the previous month. Single family housing starts skyrocketed 31.5% from this month last year with an annual average of just over 555,5. The average for the past quarter came in significantly higher, at approximately 614,, signifying a jump in residential starts. Growth in 213 cement consumption will be largely driven by gains in residential construction. Housing starts are expected to reach nearly 95 thousand units, with single family construction near 7 thousand starts during 213. Starts are expected to reach over one million starts in 214/215. Nonresidential Construction Real nonresidential construction spending increased 6.4% from 212, up compared to last month (which was 1.1%). The 3 month average was $13. billion which is slightly higher than its twelve month average at $11.4 billion, indicating a gradual, yet positive trend. The net percentage of banks reporting stronger demand for commercial real estate loans was 53.3% for February, up from the previous month's 45.%. With the 3 month moving average, at 44.1% (1.2% higher than its average for the past year), demand for such loans has been growing. Nonresidential construction increased an estimated 1.1% during 212. Among the eight nonresidential sectors forecast by PCA, seven have recorded gains compared to yearago levels. PCA expects nonresidential construction will growth 1% during 213. These gains are expected to be driven by growth in the expected return on investment (ROI) for commercial properties. Public Construction Real public construction spending was down 2.8% in February from 212. Public buildings, the largest public subsector by volume, decreased 1.4% largely due to a 9.1% decline in educational spending. Moody's average utility bond yield rose to 4.3% in February, up from 4.2% in the previous month. Both the 3 month average and 12 month average were at 4.2%, signaling a relatively stable yield over the past year. Public construction decreased an estimated 5.4% during 212. Each subsector of public construction, with the exception of public miscellaneous, recorded a decline. PCA expects that public construction will not contribute much growth to cement consumption during 213. Data current as of: April 4, % 1.% 8.% 6.% 4.% 2.% 25, 2, 15, 1,.% Mar8 Oct8 May9 Dec9 Jul1 Feb11 Sep11 Apr12 Nov12 5, 2, 18, 16, 14, 12, 1, 2, 18, 16, 14, 12, 1, Report Printed On: 4/8/213 1 Unemployment Unemployment 12 per. Mov. Avg. (Unemployment) Mar8 Oct8 May9 Dec9 Jul1 Feb11 Sep11 Apr12 Nov12 8, 6, 4, 2, 8, 6, 4, 2, Res. Real Construction PIP (%) Res. Real Construction PIP (Mil SAAR) 12 per. Mov. Avg. (Res. Real Construction PIP) Nonresidential Real Construction PIP (Mil SAAR) Feb8 Sep8 Apr9 Nov9 Jun1 Jan11 Aug11 Mar12 Oct12 Nonresidential Real Construction PIP 12 per. Mov. Avg. (Nonresidential Real Construction PIP) Public Real Construction PIP (Mil SAAR) Feb8 Sep8 Apr9 Nov9 Jun1 Jan11 Aug11 Mar12 Oct12 Public Real Construction PIP 12 per. Mov. Avg. (Public Real Construction PIP) Next Forecast Release: YOY MOM Real GDP % Change (QOQ) Job Gain/Loss ( SA) YOY %.8% 6%.9% YOY MOM Change in Fixed Mortgage Rate 9.%.6% 11% MOM.1 Change in Average Home Price 3%.4% Change in Unemployment Change in Inflation (.2) Change in Consumer Confidence (4) Total Single Family Sales Change in Housing Starts 1 Total Real Construction PIP (.7) 28% April 3, % 1% Res. Construction Employment.9% Res. Real Construction PIP YOY 15% 1.4% Change in DJ REIT Index 14% (.3) Nonres Constr. Employment 1.6% 2.8% Public Employment.5%.8% Nonres. Real Construction PIP 2.7% Heavy & Civil Constr. Emp. 3.7% 2.8% MOM 1.% Change in Corp Risk Prem 2.4 % of Banks Tightening Credit 11% Nonres. Employment. Real Personal Income.2% 6.4% 1.1% 1.1% 2 Yr Muni Yield Composite (.1).6%.3 Real Public Expenditures.3%.%.9% Public Real Construction PIP.9%

2 Dec12 Jan13 Feb13 3MMA 12MMA Forecast YOY Change MOM Change General Economic Indicators Real GDP Growth (SAAR %) % Inflation Rate 1.7% 1.6% 2.% 1.8% 2.% 2.1% 2.%.8% Consumer Sentiment Index (1985=1) % 16.4% Employment (, SA) Employment 134, ,81 135,46 134, , , %.2% MOM Change in Employment , Unemployment Rate (%) (.6) (.2) Total Construction Employment 5,711 5,736 5,784 5,744 5, %.8% MOM Change in Employment Residential Construction Employment 2,77 2,89 2,19 2,92 2,58 3.1%.9% MOM Change in Employment Nonresidential Construction Employment 2,749 2,756 2,777 2,761 2, %.8% MOM Change in Employment Heavy & Civil Engineering Constr. Employment %.9% Change in Employment Interest Rates (%) Federal Funds Rate LIBOR (1 month) (.) (1.) Three Year Treasury (1.) BAA Bond (.3) (.9) Key Residential Indicators Mortgage Rate 3 Yr Fixed (%) (.7).1 Median Existing Home Price (, SA) %.1 Median New Home Price (, SA) %.3% Home Affordability Index (24=1) %.% New Home Sales (, SAAR) % 4.6% Existing Home Sales (, SAAR) 4,33 4,37 4,36 4,353 4,176 4,44 8.7%.2% Months Supply of New Single Family Homes (.4).2 Total Housing Starts (, SAAR) %.8% Key Nonresidential Indicators Percent of Banks Tightening Lending Standards (%) (8.5) (8.7) (8.1) (8.4) (4.2) (11.).6 Corporate Risk Premium (%) (.3) 2.4 Capacity Utilization (%) Industrial Vacancy Rate (%) (1.4) (.8) Office Vacancy Rate (.5) (.3) Nonresidential Employment (, SA) 69,515 69,69 69,771 69,632 69,93 1.9%.2% Office Employment 28,659 28,682 28,782 28,78 28,47 28, %.3% Retail Employment 15,4 15,33 15,57 15,31 14,899 14, %.2% Leisure Employment 13,91 13,931 13,955 13,929 13,79 2.4%.2% Manufacturing Employment 11,951 11,963 11,977 11,964 11,934 11,951.9%.1% Dow Jones REIT Index (199=1) % 1.% Retail Dow Jones REIT Index %.5% Office Dow Jones REIT Index % 2.2% Industrial Dow Jones REIT Index % 1.2% Key Public Indicators Personal Income (Billions, SAAR) 13,956 13,442 13,585 13,661 13,443 13, % 1.1% State and Local Government Tax Collections (Billion $) 2,92 2,92 2,7 2.5% 1.1% State and Local Government Expenditures (Billion $) 2,216 2,216 2, %.3% Public Debt Outstanding (Billion $) 16,433 16,434 16,687 16,518 16,45 7.7% 1.5% Government Employment (, SA) 21,879 21,874 21,853 21,857 21,93.5%.% 2 Year Municipal Bond Yield Composite (%) (.1).3 SAAR= Seasonally Adjusted Annual Rate; SA = Seasonally Adjusted; NSA= Nonseasonally Adjusted; #MMA=# Month Moving Average; YOY= Year over Year; MOM= Month over Month; 6.% 4.% 2.%.% 2.% 4.% 6.% 8.% Change in Real GDP 1.% Mar7 Jan8 Nov8 Sep9 Jul1 May11 Mar12 Jan13 Real GDP Growth (%) Construction Employment (, SA) 8 Feb 1 Jun 1 Oct 1 Feb 11 Jun 11 Oct 11 Feb 12 Jun 12 Oct 12 Feb 13 Construction Employment 6MMA 2

3 Current Dollars Real 1996 Dollars /12 13/ Dec12 Jan13 Feb13 Change Dec12 Jan13 Feb13 Change Forecast Total 893, , , % 523, , , % 7.2% Month to Month % Change.1% 2.1%.9% Residential Buildings 297, ,938 33, % 195,23 194, , % 11.6% Month to Month % Change 1.1%.6% 1.4% New Housing Units 172,35 179, , % 113, ,156 12,48 3.9% 17.3% Single Family 146,34 151,59 158, % 96,151 99,11 12, % 17.6% Multifamily 26,1 27,61 26, % 17,9 18,46 17, % 15.4% Improvements 124, , , % 81,989 76,983 76,751 3.% 4.% Nonresidential Buildings 185, , , % 13,22 12,29 13,45 6.4% 1.4% Month to Month % Change 1.2%.9% 1.1% Manufacturing 52,197 51,115 51, % 29,797 29,157 29,23 9.1% 1.2% Office 35,27 35,61 35, % 17,96 17,922 18, % 6.5% Lodging 11,227 1,26 1, % 6,973 6,362 6, % 26.% Health Care 22,451 23,621 24, % 13,886 14,585 14, % 7.5% Religious 3,79 3,699 3, % 2,297 2,287 2, % 2.5% Educational 17,292 17,69 17, % 8,598 8,487 8, % 2.5% Commercial 37,385 37,626 37,83 7.5% 19,855 19,962 2,38 5.2% 16.9% Amusement 6,275 5,676 5, % 3,97 3,528 3, % 5.9% Public Utility & Other 133, , , % 71,414 62,145 61,44 2.5% 4.2% Month to Month % Change 4.7% 13.% 1.1% Transportation 1,466 1,337 1, % 7,36 6,941 6, % Power 16,67 88,622 89,259 4.% 54,926 45,681 46,36 3.3% Communication 16,841 16,996 15, % 9,453 9,523 8, % Farm Nonresidential 6,454 6,928 6, % 3,989 4,274 4, % 1.7% Month to Month % Change.7% 7.1% 1.2% Public Construction 27,568 27, , % 149,33 149,311 15, % 1.5% Month to Month % Change 2.%.%.9% Public Buildings 13,586 11,386 1, % 55,259 54,66 53, %.1% Education 64,939 63,346 63, % 32,291 31,497 31,4 9.1% Healthcare 11,193 1,437 1,25 1.8% 6,923 6,444 6,319 4.% Commercial 2,594 2,78 2, % 1,378 1,437 1, % Residential 6,413 6,498 6, % 4,214 4,248 4,8 15.4% Lodging % % Religious % % Amusement 8,781 8,872 8, % 5,467 5,515 5, % Office 9,249 9,9 8, % 4,728 4,65 4,523 2.% Highways & Streets 77,578 78,883 81, % 41,238 41,876 43, %.4% Public Safety 9,57 9,492 9, % 5,87 5,39 5, % 5.% Conservation 5,956 6,82 6, % 3,375 3,44 3,478.6% 1.6% Sewer Systems 21,298 2,742 2, % 12,7 11,731 11, % 1.4% Water Supply Systems 13,416 13,649 13,754.9% 7,63 7,719 7, %.% Miscellaneous 39,164 4,629 41, % 24,696 25,439 26, % 1.7% Transportation 28,455 28,522 28, % 19,128 19,153 19, % Power 9,774 11,244 11, % 5,36 5,796 6,7 22.9% Communication % % Manufacturing % % Note: Real Construction Spending Dollars are on a 1996 dollar basis and are Seasonally Adjusted at an Annual Rate (SAAR) 3% Real Construction PIP ( YOY % Change) 3% Real Construction PIP ( YOY % Change) 2% 2% 1% 1% % % 1% 1% 2% 2% 3% 3% 4% Jul9 Dec9 May1 Oct1 Mar11 Aug11 Jan12 Jun12 Nov12 Total Residential Buildings 4% Jul9 Dec9 May1 Oct1 Mar11 Aug11 Jan12 Jun12 Nov12 Nonresidential Buildings Public Construction 3

4 4..3 Dec12 Jan13 Feb13 3MMA 12MMA 213 Forecast YOY Change MOM Change Residential Construction Spending 195,23 194, , , , % 15.2% 1.4% New Housing 113, ,156 12,48 116,815 14, % 3.9% 2.5% Single Family 96,151 99,11 12,537 99,266 89, % 28.6% 3.5% Multifamily 17,9 18,46 17,511 17,549 15, % 45.6% 3.% Improvements 81,989 76,983 76,751 78,575 81,978 4.% 3.%.3% New Home Affordability Single Family Median Home Price () % 1.4% Year to Year % Change Conventional Mortgage Payment ($) % 3.% Single Family Affordability Index (24=1) %.1% Multifamily Average Rent ($) % 3.7% Mortgage to Rent Ratio % 3.8% Vacancy Rate(%) (1.4) (.8) Apartment Dow Jones REIT Index (199=1) %.8% Sales Activity (, SAAR) Total Single Family 4,711 4,81 4,771 4,761 4,553 4,817 9.%.6% Year to Year % Change % Month to Month % Change (.9) 1.9 (.6).1.8 Existing Single Family 4,33 4,37 4,36 4,353 4,176 4,44 8.7%.2% Year to Year % Change % Month to Month % Change (1.) 1. (.2) (7.6) (1.1) New Single Family % 4.6% Year to Year % Change % Month to Month % Change (3.3) 13.1 (4.6) Sales Inventory (, SA) Total Single Family 1,939 1,862 1,919 1,97 2,86 1, % 3.1% Months Supply (1.6).2 Existing Single Family 1,788 1,712 1,767 1,756 1,94 1, % 3.2% Months Supply (1.6).3 New Single Family % 1.3% Months Supply (.1) (.1) Foreclosures Completed Foreclosures % Change From Last Period Foreclosures In Process % Change From Last Period Seriously Delinquent % Change From Last Period New Modifications and Payment Plans Initiated % Change From Last Period Starts Activity (, SAAR) Total %.8% Year to Year % Change Month to Month % Change 15.7 (6.5) Single Family %.5% Year to Year % Change Month to Month % Change Multifamily % 1.4% Year to Year % Change Month to Month % Change 34.7 (19.2) Housing Stock () Existing Single Family Year to Year % Change Note: Real Construction Spending Dollars are in Millions of 1996 dollars and are Seasonally Adjusted at an Annual Rate (SAAR) Residential Starts Activity ( SAAR) Feb1 Jun1 Oct1 Feb11 Jun11 Oct11 Feb12 Jun12 Oct12 Single Family Starts Multifamily Starts () 3% 2% 1% % 1% 2% Residential Sales Activity (% Change) 3% Feb1 Jul1 Dec1 May11 Oct11 Mar12 Aug12 Jan13 Single Family Sales ( SA) 12MMA 4

5 Dec12 Jan13 Feb13 3MMA 12MMA Forecast YOY Change MOM Change Office Construction Spending 17,96 17,922 18,124 17,984 16, % 2.7% 1.1% Office Vacancy Rate (%) (.5) (.3) Office Property Rate of Return (%) % 2.3% (.3) (.2) Office Dow Jones REIT Index (199=1) % 2.2% Year to Year % Change Office Employment (, SA) 28,659 28,682 28,782 28,78 28,47 28, %.3% Change in Employment (, SA) Retail Construction Spending 19,855 19,962 2,38 19,951 19, % 5.2%.4% Retail Property Rate of Return (%) (.4).7 Retail Sales (Millions $, SA) 416,7 416,99 421, ,153 49, ,47 4.6% 1.1% Year to Year % Change % Retail Inventories (Millions $, SA) 511, , ,94 496,65 9.% 1.5% Year to Year % Change Retail Dow Jones REIT Index (199=1) %.5% Year to Year % Change Retail Employment (, SA) 15,4 15,33 15,57 15,31 14,899 14, %.2% Change in Employment (, SA) Manufacturing Construction Spending 29,797 29,157 29,23 29,395 27, % 9.1%.2% Industrial Vacancy Rate (%) (1.4) (.8) Industrial Property Rate of Return (%) (.3).1 Industrial Capacity Utilization (%) Advanced Durable Goods Orders (Millions $, SA) 228, ,17 229,33 228, , % 1.% Year to Year % Change Wholesale Trade Inventories (Millions $, SA) 418, , ,697 41,85 3.%.8% Year to Year % Change Manufacturing Dow Jones REIT Index (199=1) % 1.2% Year to Year % Change Manufacturing Employment (, SA) 11,951 11,963 11,977 11,964 11,934 11,951.9%.1% Change in Employment (, SA) Leisure & Hospitality Construction Spending 3,97 3,528 3,483 6,664 6, % 17.1% 4.6% Tourism Sales Total (Millions $, SAAR) 865, , , % 1.% Tourism Sales Accommodations (Millions $, SAAR) 179,52 179,52 175, % 2.2% Hotel Property Rate of Return (%) Domestic Revenue Passenger Enplanements 51, , , % 1.3% International Revenue Passenger Enplanements 7,76 7,25 7, % 11.8% Hotel Dow Jones REIT Index (199=1) %.4% Year to Year % Change Leisure Employment (, SA) 13,91 13,931 13,955 13,929 13,79 2.4%.2% Change in Employment (, SA) Healthcare Construction Spending 13,886 14,585 14,949 14,473 14, % 4.4% 2.5% Healthcare Dow Jones REIT Index (199=1) , % 5.4% Year to Year % Change Healthcare Employment (, SA) 17,151 17,17 17,29 17,177 17,19 2.1%.2% Change in Employment (, SA) Note: Real Construction Spending Dollars are in Millions of 1996 dollars and are Seasonally Adjusted at an Annual Rate (SAAR) 6% 4% 2% % 2% 4% Real Construction PIP ( YOY) % Change) 6% 4% 2% % 2% 4% 6% Real Construction PIP (YOY % Change) 6% Jul9 Dec9 May1 Oct1 Mar11 Aug11 Jan12 Jun12 Nov12 Manufacturing Office Educational 8% Jul9 Dec9 May1 Oct1 Mar11 Aug11 Jan12 Jun12 Nov12 Healthcare Lodging 5

Dec12 Jan13 Feb13 3MMA 12MMA Forecast YOY Change MOM Change Public Construction Spending 149,33 149,311 15,683 149,774 152,364 1.5% 2.8%.

6 Dec12 Jan13 Feb13 3MMA 12MMA Forecast YOY Change MOM Change Public Construction Spending 149,33 149,311 15, , , % 2.8%.9% Federal Government Construction 13,77 13,34 13,34 13,58 14, % 1.1% Share of Federal Construction to Total Public Construction %.2% Federal Balance (Millions $, NSA) Federal Receipts 144, , ,9 22,881 26, % 4.9% Federal Outlays 269,97 289,54 289, ,19 264, %.% Federal Deficit\Surplus (125,21) (51,755) (63,457) (8,138) (57,225) (81,295) (11,72) Highway Trust Fund Disposition (Millions $, NSA) Receipts 4,296 3,9 3,45 3,477 4,62 6.7% 1.5% Outlays 3,561 3,36 3,157 3,341 4, % 4.5% Deficit\Surplus (735) (136) 45 (1) () Reserves 13,448 13,917 13,89 13,752 13,373 () () Highway Trust Fund Indicators Vehicle Miles Traveled (Millions, NSA) 232,598 24, , , , % 5.8% Gas Station Retail Sales (Millions $, NSA) 29,791 26,298 26,461 27,517 4, %.6% Airport Trust Fund Disposition (Millions $, NSA) Receipts 1, % 2.9% Outlays 1,231 1,5 1,85 1,122 1, % 3.3% Deficit\Surplus Reserves 1,329 1,57 1,912 1,64 1,3 Airport Construction Indicators () Domestic Revenue Passenger Enplanements 51,168 52,227 53,365.7% 1.3% International Revenue Passenger Enplanements 7,76 7,25 7, % 11.8% Domestic Revenue Cargo Tons 877, ,61 822, % 2.9% International Revenue Cargo Tons 88,81 888, , % 14.4% State & Local Government Construction 135,56 135,86 137, , , % 1.1% Share of S&L Construction to Total Public Construction %.2% State and Local Balance (Billions $, SAAR) State & Local Receipts 2,92 2,92 2,7 2.5% 1.1% State & Local Outlays 2,216 2,216 2, %.3% State & Local Deficit\Surplus (125) (129) (125) (8) 16 Revenue Sources (Billions $, SAAR) Gross Sales Tax %.4% Property Tax %.1% Income Taxes % 3.9% Other Revenue Sources % 1.4% Municipal i Bond Average Yield (%) (.1).3 2Year Aaa (.).3 Aa A (.2).3 Baa (.4).2 1Year Aaa (.).2 Aa (.).1 Personal Income (Billions $, SAAR) Total Personal Income 13,956 13,442 13,585 13,661 13,443 13, % 1.1% Year to Year % Change Note: Real Construction Spending Dollars are in Millions of 1996 dollars and are Seasonally Adjusted at an Annual Rate (SAAR) Yr. Composite Municipal Bond Yield (%, Seasoned) 3 Feb8 Oct8 Jun9 Feb1 Oct1 Jun11 Feb12 Oct State & Local Deficit/Surplus (Billions $ SAAR) 16 Mar7 Dec7 Sep8 Jun9 Mar1 Dec1 Sep11 Jun12 Composite Muni Bond Rate 12MMA Implied State Deficit 4 Per. MA 6

Economic Indicators 6 Employment Situation 12. 6.% Inflation Situation 3.5% Change in Employment (, SA) 4 2 2 4 6 8 1. 8. 6. 4. 2. Unemployment Rate (%) Inflation Rate 5.% 4.% 3.% 2.% 1.%.% 1.% 2.% 3.% 2.5% 2.

7 Economic Indicators 6 Employment Situation % Inflation Situation 3.5% Change in Employment (, SA) Unemployment Rate (%) Inflation Rate 5.% 4.% 3.% 2.% 1.%.% 1.% 2.% 3.% 2.5% 2.% 1.5% 1.%.5% Federal Funds Rate (%) 1, Feb8 Oct8 Jun9 Feb1 Oct1 Jun11 Feb12 Oct12 YoY Change in Employment Unemployment Rate (%). 3.% Feb8 Oct8 Jun9 Feb1 Oct1 Jun11 Feb12 Oct12 Inflation (YoY % Change) Federal Funds Rate (%).% Residential Indicators 12 Total Home Construction 25 7.% Single Family Sales 6, Total Housing Starts (, SAAR) Feb8 Oct8 Jun9 Feb1 Oct1 Jun11 Feb12 Oct12 Total Housing Starts () Median Home Price ( SA) Single Family Average Home Price (, SA) 3 Year Mortgage Rate (%) 6.% 5.% 4.% 3.% 2.% 1.%.% Feb8 Oct8 Jun9 Feb1 Oct1 Jun11 Feb12 Oct12 Mortgage Rate 3 Yr Fixed (%) 5, 4, 3, 2, 1, Total Single Family Sales Annual % Change Single Family Sales (, SA) Nonresidential Indicators 12 M O M Change in Nonresidential Employment 35% Dow Jones REIT Index Y O Y % Change 1 3% 8 25% 6 4 2% 15% 1% 2 5% December212 January213 February213 % December212 January213 February213 Healthcare Office Retail Leisure Manufacturing Health REIT Office REIT Retail REIT Hotels REIT Industrial REIT Public Indicators Highway Trust Fund Monthly Balance (Millions $) 25, 2, 15, 1, 5, 5, Highway Trust Fund Balance 1, Feb8 Oct8 Jun9 Feb1 Oct1 Jun11 Feb12 Oct12 Highway Trust Fund Balance Excess Highway Trust Fund Reserves 3, 25, 2, 15, 1, 5, Highway Trust Fund Reserves (Millions $) Airport Trust Fund Monthly Balance (Millions $) 3, 2, 1, 1, 2, Airport Trust Fund Balance 3, Feb8 Nov8 Aug9 May1 Feb11 Nov11 Aug12 Airport Trust Fund Balance Excess Airport Trust Fund Reserves 11, 1, 9, 8, 7, 6, 5, Airport Trust Fund Reserves (Millions $) 7

Total Construction Spending 25 2 197 171 15 166 156 155 151 1 97 13 83 5 Real Total Construction Spending (Billions 1996$ SAAR) 15% 1% 5% % 5% 1% 15% Total Construction Spending Feb11 Jan11 Feb12

Residential Construction Spending (Billions 1996$ SAAR) 3% Residential Construction 1 8 6 4 72 75 8 13 79 77 2% 1% % 1% 2% 2 18 9 12 Feb11 Jan11 Feb12 Jan12 Jan13 Feb13 Single Family Multifamily

8 Total Construction Spending Real Total Construction Spending (Billions 1996$ SAAR) 15% 1% 5% % 5% 1% 15% Total Construction Spending Feb11 Jan11 Feb12 Jan12 Feb13 Jan13 Residential Buildings Nonresidential Buildings Public Construction 2% Jul9 Nov9 Mar1 Jul1 Nov1 Mar11 Jul11 Nov11 Mar12 Jul12 Nov12 Total 12MMA Residential Spending 12 Real Residential Construction Spending (Billions 1996$ SAAR) 3% Residential Construction % 1% % 1% 2% Feb11 Jan11 Feb12 Jan12 Jan13 Feb13 Single Family Multifamily Improvements 3% 4% Jul9 Nov9 Mar1 Jul1 Nov1 Mar11 Jul11 Nov11 Mar12 Jul12 Nov12 Total 12MMA Nonresidential Spending Real Nonresidential Construction Spending (Billions 1996$ SAAR) % 2% 1% % 1% 2% Nonresidential Construction Feb11 Jan11 Feb12 Jan12 Feb13 Jan13 Nonresidential Buildings Public Utility & Other Farm Nonresidential 3% 4% Jul9 Nov9 Mar1 Jul1 Nov1 Mar11 Jul11 Nov11 Mar12 Jul12 Nov12 Nonresidential Buildings 12MMA Public Spending Real Public Construction Spending (Billions 1996$ SAAR) Jan11 Feb11 Feb12 Jan12 Feb13 Jan13 Real State and Local Construction Real Federal Construction 4% 2% % 2% 4% 6% 8% 1% 12% 14% Public Construction Spending ( Y O Y % Change) 16% Jul9 Nov9 Mar1 Jul1 Nov1 Mar11 Jul11 Nov11 Mar12 Jul12 Nov12 Public Construction 12MMA 8

Data current as of: June 3, ,000, , , , , , , , , , , , , ,000

Data current as of: June 3, ,000, , , , , , , , , , , , , ,000 Forecast current as of: Spring 214 Economic Indicators The unemployment rate fell by a large margin (.4 percentage points) in April. Total employment rose by 288, jobs. There were 32, construction jobs