n GIANTS STATE-BY-STATE n TOP 100 METRO AREAS n TRULIA PRICE INDICES

STATE-BY-STATE STATISTICAL DATA Professional Builder ®

WITH RESEARCH ASSISTANCE FROM

SPONSORED BY TOP 25 SINGLE-FAMILY DETACHED BUILDERS

2013 2013 2013 RANK NAME REVENUE CLOSINGS COMPANY COMPANY

1 D.R. Horton Inc. $5,821,389,000 22,652 2 PulteGroup Inc. $4,485,268,000 15,077 3 Lennar Corp. $4,365,194,000 14,772 4 NVR Inc. $4,134,481,000 11,834 5 Taylor Morrison $2,264,985,000 5,829 6 Toll Brothers $2,092,729,000 3,092 SEATTLE $350,000 - - 7 KB $2,084,978,000 7,145 STATE BY STATE 11.2% 6,414 / 10,240 / 16,654 8 The Ryland Group $1,791,240,680 6,043 9 Meritage Corp. $1,783,389,000 5,259 WASHINGTON 10 Standard Pacific Homes $1,605,204,000 3,613 4,509 11 M.D.C. Holdings Inc. $1,529,300,000 4,447 TACOMA $235,000 Closings NEW HAMPSHIRE 8.8% 15 Giants MAINE 12 Hovnanian Enterprises Inc. $1,502,529,000 4,411 2,390 / 469 / 2,859 3 Closings 11 13 Beazer Homes USA $1,279,212,000 5,056 Closings 1 Giant Weyerhaeuser Real 2 Giants 14 $1,129,149,000 2,671 Estate Co. MONTANA NORTH DAKOTA PORTLAND MIDDLESEX 15 David Weekley Homes $1,113,300,000 2,841 $280,000 16 200 VERMONT $410,000 12.0% Closings Closings 7.3% 16 The Villages of Lake Sumter $961,011,584 3,419 5,640 / 5,872 / 11,512 150 1,587 / 2,997 / 4,584 1 Giant 2 Giants Closings 17 M/I Homes Inc. $800,000,000 2,781 PEABODY MINNESOTA 2 Giants $350,000 18 Highland Homes LLC $760,600,000 1,915 OREGON 2,703 ALBANY WORCESTER 9.6% $$233,000 $240,000 752 / 398 / 1,150 19 Shea Homes $689,690,000 1,471 1,207 Closings -1/5% 6.7% Closings 16 Giants 863 / 560 / 1,423 834 / 189 / 1,023 BOSTON 20 Ashton Woods USA LLC $618,841,000 1,817 $390,000 8 Giants SPRINGFIELD 7.4% 21 Drees Homes $549,646,000 1,413 WISCONSIN SYRACUSE NEW YORK $200,000 1,768 / 3,436 / 5,204 $155,000 3.0% IDAHO 585 1.2% 971 270 / 49 / 319 22 Perry Homes LLC $545,170,000 1,693 ROCHESTER 396 / 258 / 654 PROVIDENCE SOUTH DAKOTA Closings WARREN Closings $240,000 1,146 $164,000 $141,000 23 GL Homes of $478,394,000 964 23 GRAND RAPIDS 0.6% 4.6% Closings 8 Giants 18.2% 10 Giants 1,295 / 384 / 1,679 Closings MILWAUKEE $130,000 800 / 208 / 1,008 MHI (McGuyer MINNEAPOLIS 9.8% 4,643 / 687 / 5,330 24 $465,700,000 1,505 7 Giants $225,000 $179,000 Homebuilders Inc.) 2 Giants 1.8% 1,282 / 156 / 1,438 NEW YORK CITY NEW HAVEN 10.6% DETROIT $469,000 $212,000 WYOMING 7,187 / 4,731 / 11,918 1,244 / 709 / 1,953 HARTFORD 25 Woodside Homes $418,084,000 1,429 MICHIGAN $79,000 5.7% -.03% $225,000 9 20.8% 2,238 / 24,325 / 26,563 346 / 216 / 562 -1.2% MASSACHUSETTS 2,766 818 / 180 / 998 BUFFALO Closings Closings $143,000 845 / 365 / 1,210 TOP 25 MULTIFAMILY BUILDERS 22,309 5.9% NEWARK 1,391 2 Giants KENOSHA CLEVELAND 782 / 886 / 1,668 $325,000 Closings GARY 13 Giants BRIDGEPORT Closings $225,00 $135,000 5.1% $479,000 11.8% $148,000 8.1% 1,888 / 2,970 / 4,858 9 Giants 44 Giants 11.2% 4.3% 809 / 154 / 963 2,240 / 527 / 2,767 669 / 1,599 / 3,829 1,264 / 262 / 1,526 TOLEDO EDISON

2013 2013 IOWA

RANK ALLENTOWN NAME CHICAGO $115,000 3,947 $185,000 $315,000 REVENUE COMPANY COMPANY CLOSINGS OAKLAND 562 6.0% 10.7% LONG ISLAND RHODE ISLAND $220,000 Closings 4.9% $410,000 $520,000 Closings 13.1% 625 / 192 / 817 4,441 / 2,192 / 6,633 SALT LAKE CITY NEBRASKA 1,144 / 301 / 1,445 4.8% 29 1 Wood Partners $1,249,800,000 4,275 22.7% $253,000 5,279 / 4,105 / 9,294 27 Giants 3,026 / 1,990 / 5,016 7 Giants 1,572 / 522 / 2,094 Closings SACRAMENTO 6.4% 151 OMAHA INDIANAPOLIS AKRON BALTIMORE 2 PulteGroup Inc. $939,041,000 2,689 $340,000 NEVADA $150,000 4,088 3,453 / 2,084 / 5,537 Closings $165,000 $135,000 $279,000 2 Giants 22.2% 4.4% DAYTON Closings PITTSBURGH PHILADELPHIA 7,330 11.3% $122,000 9.3% 4.9% $229,000 3 Lennar Corp. $926,878,000 3,518 3,567 / 656 / 4,223 4 Giants 3,023 / 1,437 / 4,460 5,007 / 3,050 / 8,057 465 / 0 / 465 $162,000 4,648 / 2,785 / 7,433 Closings 11.8% 16 Giants 1.7% CAMDEN 3.5% 693 / 39 / 732 3,758 / 2,736 / 6,494 4 D.R. Horton Inc. $610,925,000 2,509 SAN JOSE 22 Giants DENVER 3,360 / 1,065 / 4,425 $185,000 CONNECTICUT $699,000 UTAH $315,000 3.8% 1,310 / 1,743 / 3,053 5 Toll Brothers $581,571,000 1,092 13.4% 9.6% COLUMBUS WASHINGTON, D.C. 179 1,891 / 5,843 / 7,734 5,919 6,971 / 8,291 / 15,262 INDIANA $162,000 $386,000 Closings 6 Clark Builders Group LLC $505,785,040 1,598 Closings 8.3% WEST 8.6% BETHESDA WILMINGTON SAN FRANCISCO FRESNO 2,862 3,364 3,485 / 4,922 / 8,407 10,903 / 8,668 / 19,571 $387,000 $255,000 4 Giants 12 Giants 7.4% 8.4% 7 Simpson Housing LLLP $440,006,900 1,357 $859,000 $235,000 COLORADO Closings Closings 15.1% 15.1% 2,374 / 2,360 / 4,734 1,001 / 546 / 1,547 575 / 5,385 / 5,960 2,046 / 316 / 2,362 7,447 17 Giants 17 Giants CINCINNATI 1,083 8 Wermers Companies $404,000,000 1,911 KANSAS CITY $153,000 Closings Closings $145,000 9.0% VIRGINIA KANSAS 4.4% 3,287 / 1,055 / 4,342 2,037 9 Shea Homes $403,013,000 969 29 Giants LOUISVILLE 11 Giants 8,459 RICHMOND 4,202 / 3,319 / 7,521 MISSOURI $225,000 Closings BAKERSFIELD 631 $143,000 Closings 10 A. G. Spanos Companies $317,000,000 2,329 LAS VEGAS COLORADO SPRINGS 1,868 8.8% 3.6% $209,000 $190,000 $240,000 Closings ST. LOUIS KENTUCKY 3,577 / 1,446 / 5,023 11 Giants 16.4% Closings 2,547 / 1,464 / 4,011 33 Giants 11 Standard Pacific Homes $293,785,000 989 23.8% 4.7% 7 Giants $150,000 997 1,597 / 661 / 2,258 7,067 / 1,506 / 8,573 2,882 / 656 / 3,538 14 Giants 7.5% 4,685 / 1,000 / 5,685 Closings GREENSBORO RALEIGH VIRGINIA BEACH 12 The Ryland Group $291,597,320 984 $175,000 $247,000 $235,000 NASHVILLE 8 Giants 9.5% 7.0% 3.5% Epcon Communities 1,411 / 621 / 2,032 8,038 / 3,432 / 11,470 4,104 / 3,273 / 7,377 621 13 $290,715,049 1,072 $225,000 Franchising Inc. TULSA 9.9% Closings RIVERSIDE/SAN BERNARDINO $150,000 7,106 / 3,887 / 10,993 CHARLOTTE 14 Hovnanian Enterprises Inc. $281,798,000 855 $289,000 4.3% $219,000 9 Giants 22.7% 3,006 / 717 / 3,723 5.8% 6,359 / 2,868 / 9,227 NORTH CAROLINA 15 Sares-Regis Group $260,915,000 628 8,792 / 5,217 / 14,009 VENTURA ALBUQUERQUE OKLAHOMA CITY TENNESSEE 12,982 $515,000 $162,000 MEMPHIS KNOXVILLE 16 The Bozzuto Group $239,100,206 1,111 $189,000 $164,000 $165,000 Closings 14.1% 6.2% 3.1% 2,606 379 / 526 / 905 11,376 6,363 / 1,146 / 7,509 LITTLE ROCK 7.2% Closings 6.2% 6,096 The Community ORANGE COUNTY 1,443 / 1,114 / 2,557 2,487 / 1,182 / 3,669 1,544 / 310 / 1,854 46 Giants 17 $224,094,536 459 $585,000 Closings $150,000 Closings Builders Inc. LOS ANGELES 14.9% OKLAHOMA 1.3% 19 Giants 31 Giants 1,508 / 814 / 2,322 24 Giants $465,000 3,654 / 5,595 / 9,249 GREENVILLE 18 William Lyon Homes $193,307,000 429 17.0% 2,530 $180,000 3,823 / 10,857 / 14,680 Closings 6.1% 19 M/I Homes Inc. $193,000,000 691 BIRMINGHAM NEW MEXICO $170,000 2,576 / 379 / 2,955 DISTRICT OF PHOENIX 11 Giants COLUMBIA $235,000 16.7% 20 Harkins Builders Inc. $191,000,000 1,693 TUCSON 1,419 ARKANSAS 2,035 / 1,011 / 3,046 $163,000 7,429 COLUMBIA 13.0% 8.0% 12,884 / 4,527 / 17,411 $185,000 Closings Closings 21 Fortune-Johnson Inc. $189,035,000 1,833 SAN DIEGO 550 3,176 / 462 / 3,638 817 $450,000 10.1% ATLANTA Closings 14.0% 2,618 / 868 / 3,486 8 Giants Closings $190,000 31 Giants 22 Embrey Partners Ltd. $164,969,844 1,083 2,565 / 5,690 / 8,255 16.3% FORT WORTH DALLAS 5 Giants CHARLESTON 8 Giants $195,000 $287,000 14,803 / 9,494 / 24,297 23 Polygon Northwest Co. $152,654,596 732 $240,000 12.6% 15.3% 8.8% 6,127 / 2,974 / 9,101 14,678 / 13,971 / 28,649 MISSISSIPPI Jordan Foster 3,779 / 1,638 / 5,417 24 $147,152,786 1,796 ALABAMA 9,328 Construction LLC 238 Closings Closings 3,116 25 Stanley Martin Homes $138,728,794 283 Closings 32 Giants 4 Giants 17 Giants TOP 25 LAND SELLERS EL PASO $150,000 51,621 LOUISIANA 1.3% Closings BATON ROUGE 2,421 / 1,408 / 3,829 2,318 $185,000 JACKSONVILLE 81 Giants Closings 3.8% $200,000

2013 2,733 / 188 / 2,921 6.9%

RANK AUSTIN LAND SALES NAME TOTAL TOTAL $289,000 6 Giants 6,276 / 1,079 / 7,355 COMPANY COMPANY 10.9% 9,240 / 11,911 / 21,151 FLORIDA 1 City Ventures $176,992,000 31,832 2 PulteGroup Inc. $114,335,000 Closings ORLANDO $199,000 3 Miller and Smith Inc. $67,150,000 NEW ORLEANS 43 Giants 16.2% $175,000 9,570 / 5,413 / 14,983 Albert D. Seeno Construction Co. / 4.9% 4 $67,000,000 HOUSTON 2,429 / 175 / 2,604 Discovery Builders TAMPA MELBOURNE $242,000 $150,000 SAN ANTONIO 12.1% $175,000 5 Lennar Corporation $62,875,000 ALASKA $230,000 11.0% 9.6% 34,509 / 16,913 / 51,422 1,350 / 24 / 1,374 117 6.4% 7,325 / 4,699 / 12,024 LAKELAND 6 D.R. Horton Inc. $56,020,000 Closings 5,841 / 2,382 / 8,223 $150,000 SARASOTA 13.7% 7 Weyerhaeuser Real Estate Company $53,262,000 3 Giants $229,000 1,977 / 40 / 2,017 WEST PALM BEACH 12.8% $240,000 8 The Warmington Group $44,900,000 3,780 / 1,644 / 5,424 2.5% 2,678 / 2,336 / 5,014 9 American West Development Inc. $43,000,000 FORT MYERS $207,000 FORT LAUDERDALE 10 Hunt Companies, Inc. $40,655,060 7.2% $214,000 2,531 / 631 / 3,162 16.2% 1,435 / 3,172 / 4,607 11 ICI Homes $33,625,000 MIAMI 12 Shea Homes $31,463,000 $296,000 12.5% 13 Meritage Homes Corp. $31,270,000 TOP METROPOLITAN STATISTICAL AREAS (MSA) 2,274 / 7,908 / 10,182 14 Arbor Custom Homes $26,161,200 METRO NAME 15 HHHunt Corporation $24,791,020 Median asking price for two-bedroom home, March 2014 16 UCP Inc. $20,215,000 Percent change in asking price y-o-y per Trulia Price Monitor HONOLULU 17 S & A Homes $19,200,000 $500,000 2013 single-family permits / 2013 multifamily permits / total permits 10.1% 18 William Lyon Homes $18,692,000 1,137 / 1,504 / 2,641 19 Hovnanian Enterprises Inc. $17,711,000 HOUSING GIANTS POSTER SPONSORED BY 20 MBK Homes LLC $17,588,500 21 M/I Homes Inc. $16,000,000 n HAWAII 10,000+ CLOSINGS 22 AV Homes $16,000,000 706 n 5,000-9,999 CLOSINGS 23 Standard Pacific Homes $15,620,000 MSA MEDIAN PRICE DATA Closings 5 Giants n 2,000-4,999 CLOSINGS 24 Desert View Homes $14,530,350 STATE-BY-STATE STATISTICAL DATA ® n 500-1,999 CLOSINGS 25 Home South Communities LLC $13,707,000 Professional Builder CONSULTING, LLC PROVIDES PROPRIETARY 5-YEAR FORECASTS SOURCE: PROFESSIONAL BUILDER HOUSING GIANTS REPORT, 2014 FOR PERMIT ACTIVITY AND OTHER HOUSING MARKET DATA. HOUSING GIANTS REPORT, 2014 n 0-499 CLOSINGS