economic indicators january 2018 · 2018. 2. 9. · economic indicators january 2018 page | 3...

ECONOMIC INDICATORS JANUARY 2018

Page | 1 Austin Chamber of Commerce 535 East 5th Street Austin, Texas 78701 Ph. 512.478.9383 austinchamber.com

Employees on Non-Farm Payrolls

AUSTIN MSA TEXAS UNITED STATES

TOTAL PRIVATE TOTAL TOTAL

2015 962,900 787,700 11,869,700 141,843,000 2016 999,800 821,800 12,028,400 144,306,000

2016 YTD 998,045 820,409 12,010,545 144,137,455 2017 YTD 1,024,991 843,773 12,286,709 146,269,909

2016 Oct 1,014,400 833,600 12,132,600 145,969,000 2016 Nov 1,018,600 836,800 12,199,800 146,393,000 2017 Oct 1,036,300 852,500 12,444,500 147,975,000

2017 Nov 1,046,400 861,900 12,531,400 148,507,000 Difference 2015-2016 36,900 34,100 158,700 2,463,000 2016-2017 YTD 26,946 23,364 276,164 2,132,454

Nov ’16-Nov ‘17 27,800 25,100 331,600 2,114,000 Oct ’17-Nov ‘17 10,100 9,400 86,900 532,000

Oct '17-Nov ‘17 Sea. Adj. 7,300 ― 54,500 228,000 % Change 2015-2016 3.8% 4.3% 1.3% 1.7%

2016-2017 YTD 2.7 2.8 2.3 1.5 Nov ’16-Nov ‘17 2.7 3.0 2.7 1.4

Oct ’17-Nov ‘17 1.0 1.1 0.7 0.4 Oct '17-Nov ‘17 Sea. Adj. 0.7 ― 0.4 0.2

Employees on Non-Farm Payrolls by Industry, Austin MSA

2015 2016 2016 NOV

2017 OCT

2017 NOV

PERCENT CHANGE

2015-2016 NOV ‘16- NOV ‘17

OCT ‘17- NOV ‘17

Construction & natural resources

55,300 59,000 60,800 63,800 62,700 6.7% 3.1% -1.7%

Manufacturing 55,600 55,700 55,600 57,800 58,700 0.2 5.6 1.6 Wholesale trade 48,100 49,400 49,000 53,300 53,500 2.7 9.2 0.4

Retail trade 100,300 103,900 108,000 103,900 106,500 3.6 -1.4 2.5 Transportation, ware-

housing, & utilities 16,400 17,600 18,200 18,800 19,000 7.3 4.4 1.1

Information 27,100 28,400 28,900 27,500 27,500 4.8 -4.8 0.0

Financial activities 54,000 56,700 57,700 58,400 58,700 5.0 1.7 0.5 Prof & business services 161,000 169,200 172,600 171,900 175,500 5.1 1.7 2.1

Ed. & health services 111,900 116,400 119,500 124,100 123,700 4.0 3.5 -0.3 Leisure & hospitality 115,500 121,900 122,300 127,400 129,800 5.5 6.1 1.9 Other services 42,700 43,600 44,200 45,600 46,300 2.1 4.8 1.5

Government 175,200 177,900 181,800 183,800 184,500 1.5 1.5 0.4

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs NOVEMBER 2016 NOVEMBER 2017 DIFFERENCE PERCENT CH. RANK

Riverside MSA 1,442,500 1,489,300 46,800 3.2% 1

Orlando MSA 1,233,200 1,272,000 38,800 3.1 2 San Antonio MSA 1,031,200 1,062,400 31,200 3.0 3 Dallas MDiv 2,557,300 2,630,400 73,100 2.9 4

Jacksonville MSA 678,900 697,700 18,800 2.8 5 Austin MSA 1,018,600 1,046,400 27,800 2.7 6

Salt Lake City MSA 716,600 735,800 19,200 2.7 7 Fort Worth MDiv 1,026,000 1,053,300 27,300 2.7 8

Fort Lauderdale MDiv 836,500 858,600 22,100 2.6 9 Boston NECTA Div 1,842,900 1,890,900 48,000 2.6 10

Sources: Current Employment Statistics, Texas Workforce Commission (www.tracer2.com) & U.S. Bureau of Labor Statistics (www.bls.gov/ces/home.htm, www.bls.gov/sae/home.htm).

http://www.tracer2.com/

http://www.bls.gov/ces/home.htm

http://www.bls.gov/sae/home.htm



Labor Force, Employment & Unemployment

LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT

RATE UNEMP. RATE

SEASONALLY ADJ.

Austin MSA

2015 1,069,742 1,033,620 36,122 3.4% ―

2016 1,110,371 1,074,349 36,022 3.2 ―

2016 YTD 1,109,483 1,073,416 36,067 3.3 ―

2017 YTD 1,133,952 1,097,489 36,463 3.2 ―

2016 Oct 1,123,093 1,085,771 37,322 3.3 3.3%

2016 Nov 1,124,627 1,088,695 35,932 3.2 3.3

2017 Oct 1,133,605 1,104,350 29,255 2.6 2.7

2017 Nov 1,146,697 1,115,383 31,314 2.7 2.8

Texas

2015 13,044,089 12,463,031 581,058 4.5% ―

2016 13,284,623 12,671,801 612,822 4.6 ―

2016 YTD 13,278,378 12,664,935 613,443 4.6 ―

2017 YTD 13,454,163 12,857,213 596,950 4.4 ―

2016 Oct 13,338,725 12,725,859 612,866 4.6 4.8%

2016 Nov 13,371,089 12,771,219 599,870 4.5 4.8

2017 Oct 13,392,522 12,922,849 469,673 3.5 3.9

2017 Nov 13,501,846 13,002,576 499,270 3.7 3.8

United States

2015 157,130,000 148,834,000 8,296,000 5.3% ―

2016 159,187,000 151,436,000 7,751,000 4.9 ―

2016 YTD 159,207,091 151,402,909 7,803,818 4.9 ―

2017 YTD 160,359,727 153,313,364 7,046,273 4.4 ―

2016 Oct 159,783,000 152,335,000 7,447,000 4.7 4.8%

2016 Nov 159,451,000 152,385,000 7,066,000 4.4 4.6

2017 Oct 160,465,000 154,223,000 6,242,000 3.9 4.1

2017 Nov 160,466,000 154,180,000 6,286,000 3.9 4.1

Employment Growth


Difference

2015-2016 40,729 208,770 2,602,000

2016-2017 YTD 24,073 192,278 1,910,455 Nov ’16-Nov ‘17 26,688 231,357 1,795,000

Oct ’17-Nov ‘17 11,033 79,727 -43,000

Percent change

2015-2016 3.9% 1.7% 1.7%

2016-2017 YTD 2.2 1.5 1.3 Nov ’16-Nov ‘17 2.5 1.8 1.2

Oct ’17-Nov ‘17 1.0 0.6 0.0

Labor Force, Employment & Unemployment by County, November 2017 LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE

Bastrop 39,801 38,575 1,226 3.1% Caldwell 18,467 17,842 625 3.4

Hays 105,202 102,218 2,984 2.8 Travis 700,726 682,268 18,458 2.6

Williamson 282,501 274,480 8,021 2.8

Sources: Local Area Unemployment Statistics, Texas Workforce Commission (www.tracer2.com), Federal Reserve Bank of Dallas (https://www.dallasfed.org/research/econdata/tx-unemp.aspx) & U.S. Bureau of Labor Statistics (www.bls.gov/cps/).




Lowest Unemployment Rates Among the 50 Largest Metros NOVEMBER 2016 NOVEMBER 2017 DIFFERENCE RANK

San Francisco MDiv 3.0% 2.2% -0.8 1

Minneapolis MSA 3.2 2.4 -0.8 2 Nashville MSA 3.7 2.6 -1.1 3 San Jose MSA 3.6 2.7 -0.9 4

Austin MSA 3.2 2.7 -0.5 5 Denver MSA 2.6 2.8 0.2 6

Anaheim MDiv 3.7 2.8 -0.9 7 Boston NECTA Div 2.4 2.9 0.5 8

Oakland MDiv 4.0 3.0 -1.0 9 Milwaukee MSA 4.1 3.0 -1.1 10

Sources: U.S. Bureau of Labor Statistics (www.bls.gov/lau/home.htm).

Average Hours & Earnings of All Employees on Private Nonfarm Payrolls

AVERAGE WEEKLY HOURS AVERAGE HOURLY EARNINGS AUSTIN MSA TEXAS U.S. AUSTIN MSA TEXAS U.S.

2015 35.5 36.1 34.5 $26.32 $24.47 $25.02 2016 35.4 35.7 34.4 27.27 24.59 25.65

2016 YTD 35.4 35.7 34.4 27.22 24.56 25.63 2017 YTD 35.8 35.9 34.4 28.35 25.37 26.32

2016 Oct 36.2 36.3 34.8 28.11 25.05 26.04 2016 Nov 34.8 35.5 34.3 27.88 24.80 25.87 2017 Oct 36.0 36.6 34.8 28.81 25.79 26.64

2017 Nov 35.3 36.1 34.4 28.37 25.54 26.48 % Change 2015-2016 -0.3% -1.1% -0.3% 3.6% 0.5% 2.5% 2016-2017 YTD 1.1 0.6 0.0 4.2 3.3 2.7

Nov ’16-Nov ‘17 1.4 1.7 0.3 1.8 3.0 2.4 Oct ’17-Nov ‘17 -1.9 -1.4 -1.1 -1.5 -1.0 -0.6

Source: U.S. Bureau of Labor Statistics (www.bls.gov/sae/ and www.bls.gov/ces/home.htm).

Metro Business Cycle Index, Nov. 1980=100, Seasonally Adjustedi AUSTIN DALLAS FT. WORTH HOUSTON SAN ANTONIO

2015 742.0 393.2 333.9 325.9 355.0

2016 798.4 416.0 341.8 325.3 373.4 2016 YTD 796.5 415.1 341.5 325.4 372.7

2017 YTD 848.0 434.6 350.0 328.7 387.7 2016 Oct 811.9 422.6 344.0 324.7 378.2

2016 Nov 815.5 424.2 345.9 324.9 379.6 2017 Oct 869.9 441.8 354.6 329.3 393.6 2017 Nov 876.1 444.4 355.5 330.9 395.3 % Change 2015-2016 7.6% 5.8% 2.4% -0.2% 5.2%

2016-2017 YTD 6.5 4.7 2.5 1.0 4.0 Nov ’16-Nov ‘17 7.4 4.8 2.8 1.8 4.1

Oct ’17-Nov ‘17 0.7 0.6 0.3 0.5 0.4

Source: Federal Reserve Bank of Dallas (www.dallasfed.org/research/econdata/mbci.cfm).

http://www.bls.gov/lau/home.htm

http://www.bls.gov/sae/




Consumer Price Index, All Urban Consumers, All Items, 1982-84=100

U.S. CITY AVERAGE

SEASONALLY ADJUSTED U.S. CITY AVERAGE

NOT SEASONALLY ADJUSTED

SOUTH URBAN AVERAGE, SIZE CLASS A


2015 ― 237.0 232.4 2016 ― 240.0 235.7

2016 YTD ― 239.9 235.6 2017 YTD ― 245.0 240.7

2016 Oct 241.7 241.7 237.3 2016 Nov 242.2 241.4 237.4 2017 Oct 246.6 246.7 242.9

2017 Nov 247.6 246.7 242.9 % Change 2015-2016 ― 1.3% 1.4% 2016-2017 YTD ― 2.1 2.2

Nov ’16-Nov ‘17 2.2% 2.2 2.3 Oct ’17-Nov ‘17 0.4 0.0 0.0

Source: U.S. Bureau of Labor Statistics (www.bls.gov/cpi/home.htm).

Local Sales Tax Allocationsii

CITY OF AUSTIN

AUSTIN METROPOLITAN TRANSIT AUTHORITY

CITY OF ROUND ROCK

CITY OF SAN MARCOS

2016 $204,636,966 $222,350,799 $67,502,228 $28,707,576

2017 210,876,619 229,400,874 71,951,543 27,860,431

2016 Nov 18,107,386 19,800,875 5,760,694 2,346,405

2016 Dec 16,299,699 17,763,660 5,515,046 2,072,726

2017 Nov 18,440,200 20,024,186 6,765,351 2,571,990

2017 Dec 16,836,538 18,477,633 6,142,292 2,343,124

% Change

2016-2017 3.0% 3.2% 6.6% -3.0%

Dec ’16-Dec ‘17 3.3 4.0 11.4 13.0

Nov ’17-Dec ‘17 -8.7 -7.7 -9.2 -8.9

Total Sales & Retail Sales (Millions)

TOTAL RETAIL

AUSTIN MSA TEXAS AUSTIN MSA TEXAS

2015 $96,072,740,982 $2,095,713,995,851 $33,559,327,755 $462,422,548,523

2016 103,147,398,397 2,027,919,473,435 33,922,999,083 471,585,346,510

2016 YTD 48,021,494,748 884,271,548,089 16,302,168,743 216,681,861,890

2017 YTD 51,416,781,145 954,117,951,275 16,225,228,523 218,873,084,341

2016 Q1 23,198,015,018 434,663,253,859 7,853,477,113 106,841,322,483

2016 Q2 24,823,479,730 449,608,294,230 8,448,691,630 109,840,539,407

2017 Q1 24,557,016,502 467,976,340,317 7,818,840,365 106,554,939,810

2017 Q2 26,859,764,643 486,141,610,958 8,406,388,158 112,318,144,531

% Change

2015-2016 7.4% -3.2% 1.1% 2.0%

2016-2017 YTD 7.1 7.9 -0.5 1.0

Q2 '16-Q2 '17 8.2 8.1 -0.5 2.3

Q1 '17-Q2 '17 9.4 3.9 7.5 5.4

Sources: Texas Comptroller of Public Accounts, https://ourcpa.cpa.state.tx.us/allocation/AllocHist.jsp & https://ourcpa.cpa.state.tx.us/allocation/HistSales.jsp.

http://www.bls.gov/cpi/home.htm

https://ourcpa.cpa.state.tx.us/allocation/AllocHist.jsp

https://ourcpa.cpa.state.tx.us/allocation/HistSales.jsp



Austin-Bergstrom International Airport Activity PASSENGERSiii CARGO (LBS.)iv

2015 11,897,959 157,484,666 2016 12,436,849 174,739,682

2015 YTD 11,402,782 158,381,325 2016 YTD 12,698,792 173,447,969

2016 Oct 1,101,284 16,854,782 2016 Nov 1,070,567 15,308,107

2017 Oct 1,269,153 17,736,790 2017 Nov 1,229,791 15,500,991 % Change 2015-2016 4.5% 11.0% 2016-2017 YTD 11.4 9.5

Nov ’16-Nov ‘17 14.9 1.3 Oct ’17-Nov ‘17 -3.1 -12.6

Source: Austin-Bergstrom International Airport (www.austintexas.gov/department/monthly-activity-reports-passenger-and-air-cargo-traffic).

Patent Activity AUSTIN MSA PERCENT OF TEXAS PATENTS ISSUED

2016 4,036 30.8%

2017 4,179 30.4 2016 Nov 418 31.5

2016 Dec 281 29.1 2017 Nov 291 27.1

2017 Dec 260 30.4 % Change 2016-2017 3.5% ―

Dec ’16-Dec ‘17 -7.5 ― Nov ’17-Dec ‘17 -10.7 ―

Source: U.S Patent & Trademark Office, http://patft.uspto.gov/netahtml/PTO/search-adv.htm.

Venture Capital Investment

AUSTIN MSA TEXAS UNITED STATES AUSTIN AS A PERCENT OF

DEALS FUNDING (MIL.) FUNDING (MIL.) FUNDING (MIL.) TEXAS UNITED STATES

2016 129 $913 $1,448 $61,360 63.1% 1.5% 2017 110 765 1,599 71,943 47.8 1.1

2016 Q3 25 180 331 14,484 54.4 1.2 2016 Q4 35 146 219 12,896 66.7 1.1

2017 Q3 22 155 288 19,185 53.8 0.8 2017 Q4 24 157 256 18,739 61.3 0.8 % Change 2016-2017 -14.7% -16.2% 10.4% 17.2% — — Q4 '16-Q4 '17 -31.4 7.5 16.9 45.3 — —

Q3 '17-Q4 '17 9.1 1.3 -11.1 -2.3 — —

Source: PwC/CB Insights MoneyTree™ Report, https://www.pwc.com/us/en/technology/moneytree.html.



New Privately-Owned Housing Units Authorized by Building Permits

NUMBER OF HOUSING UNITS VALUATION (MILLIONS)

TOTAL SINGLE-FAMILY MULTIFAMILY TOTAL SINGLE-FAMILY MULTIFAMILY

Austin MSA 2015 22,370 11,857 10,513 $3,669.933 $2,695.366 $974.567

2016 21,861 13,327 8,534 3,888.082 3,096.226 791.856 2016 YTD 20,559 12,469 8,090 3,559.942 2,859.863 700.079

2017 YTD 24,413 14,083 10,330 4,007.344 3,274.715 732.629 2016 Oct 1,141 1,107 34 258.864 255.112 3.752 2016 Nov 1,713 874 839 313.169 206.251 106.918

2017 Oct 2,186 1,146 1,040 355.959 302.602 53.357 2017 Nov 2,215 1,105 1,110 358.101 248.106 109.995 % Change 2015-2016 -2.3% 12.4% -18.8% 5.9% 14.9% -18.7%

2016-2017 YTD 18.7 12.9 27.7 12.6 14.5 4.6 Nov ’16-Nov ‘17 29.3 26.4 32.3 14.3 20.3 2.9

Oct ’17-Nov ‘17 1.3 -3.6 6.7 0.6 -18.0 106.1

United States

2015 1,182,582 695,998 486,584 $223,611.3 $166,276.9 $57,334.4 2016 1,206,642 750,796 455,846 237,101.6 182,207.4 54,894.2

2016 YTD 1,111,799 695,328 416,471 213,091.3 166,329.8 46,761.5 2017 YTD 1,170,232 761,229 409,003 236,032.8 184,529.1 51,503.6

2016 Oct 104,008 61,629 42,379 19,534.5 14,807.1 4,727.4 2016 Nov 94,469 55,926 38,543 18,147.5 13,637.2 4,510.3

2017 Oct 114,013 70,921 43,092 22,569.1 17,302.1 5,267.0 2017 Nov 96,966 61,971 34,995 19,492.7 15,012.9 4,479.8 % Change 2015-2016 2.0% 7.9% -6.3% 6.0% 9.6% -4.3% 2016-2017 YTD 5.3 9.5 -1.8 10.8 10.9 10.1

Nov ’16-Nov ‘17 2.6 10.8 -9.2 7.4 10.1 -0.7 Oct ’17-Nov ‘17 -15.0 -12.6 -18.8 -13.6 -13.2 -14.9

Source: U.S. Bureau of the Census (www.census.gov/construction/bps/).

NAHB/Wells Fargo Housing Opportunity Index (HOI)v

AUSTIN MSA UNITED STATES

MEDIAN SALES PRICE

HOIvi MEDIAN FAMILY INCOME

MEDIAN SALES PRICE

HOI MEDIAN FAMILY INCOME

WEIGHTED INTEREST RATE

2015 $258,500 60.4 $76,800 $224,250 63.8 $65,800 4.07% 2016 278,500 58.3 77,800 240,000 62.1 65,700 3.88 2016 Q2 284,000 56.3 77,800 240,000 62.0 65,700 3.88

2016 Q3 280,000 58.7 77,800 247,000 61.4 65,700 3.76 2017 Q2 301,000 54.8 81,400 256,000 59.4 68,000 4.08

2017 Q3 293,000 57.4 81,400 260,000 58.3 68,000 4.10 % Change 2015-2016 7.7% -3.5% 1.3% 7.0% -2.7% -0.2% -4.7% Q3 '16-Q3 '17 4.6 -2.2 4.6 5.3 -5.0 3.5 9.0

Q2 '17-Q3 '17 -2.7 4.7 0.0 1.6 -1.9 0.0 0.5

Source: National Association of Home Builders (www.nahb.org/en/research/housing-economics/housing-indexes/housing-opportunity-index.aspx).



Existing Home Sales, Listings & Prices

SALES DOLLAR VOLUME

(MILLIONS) AVERAGE PRICE MEDIAN PRICE TOTAL LISTINGS

MONTHS INVENTORY

Austin MSA

2015 31,560 $10,462.24 $331,503 $260,000 5,999 2.0

2016 32,957 11,452.62 347,502 280,000 6,498 2.1

2016 YTD 30,264 10,500.01 345,137 — 6,578 2.4

2017 YTD 31,226 11,457.65 364,745 — 7,555 2.7

2016 Oct 2,464 868.88 352,629 275,000 7,154 2.6

2016 Nov 2,351 845.49 359,631 285,000 6,433 2.4

2017 Oct 2,552 933.82 365,918 285,000 7,942 2.8

2017 Nov 2,449 879.62 359,176 292,750 7,206 2.5

% Change

2015-2016 4.4% 9.5% 4.8% 7.7% 8.3% 5.0%

2016-2017 YTD 3.2 9.1 5.7 — 14.9 12.5

Nov ’16-Nov ‘17 4.2 4.0 -0.1 2.7 12.0 4.2

Oct ’17-Nov ‘17 -4.0 -5.8 -1.8 2.7 -9.3 -10.7

United States

2015 5,250,000 $1,398,600 $266,400 $222,400 1,760,000 4.8

2016 5,450,000 1,504,200 276,000 233,800 1,650,000 4.4

2016 YTD 5,015,000 1,375,797 274,336 — 2,002,727 4.4

2017 YTD 5,086,000 1,462,780 287,609 — 1,832,727 4.0

2016 Oct 445,000 122,598 275,500 234,100 2,010,000 4.4

2016 Nov 418,000 115,619 276,600 234,400 1,850,000 4.0

2017 Oct 458,000 131,721 287,600 246,000 1,800,000 3.9

2017 Nov 427,000 123,787 289,900 248,000 1,670,000 3.4

% Change

2015-2016 3.8% 7.6% 3.6% 5.1% -6.3% -8.3%

2016-2017 YTD 1.4 6.3 4.8 — -8.5 -9.1

Nov ’16-Nov ‘17 2.2 7.1 4.8 5.8 -9.7 -15.0

Oct ’17-Nov ‘17 -6.8 -6.0 0.8 0.8 -7.2 -12.8

Sources: Real Estate Center at Texas A&M University (http://recenter.tamu.edu) & National Association of Realtors (www.realtor.org/topics/existing-home-sales/data).

http://recenter.tamu.edu/



Office & Industrial Real Estate Market, Austin MSAvii INVENTORY (SQ. FT.) VACANT (SQ. FT.) VACANCY RATE AVERAGE RENTAL RATE

Office

2016 97,026,167 7,865,314 8.1% $32.33

2017 99,497,271 8,009,966 8.1 33.67

2016 Q3 96,693,605 8,039,055 8.3 32.72

2016 Q4 97,026,167 7,865,314 8.1 32.33

2017 Q3 99,001,878 8,279,483 8.4 33.25

2017 Q4 99,497,271 8,009,966 8.1 33.67

% Change

2016-2017 2.5% 1.8% 0.0% 4.1%

Q4 '16-Q4 '17 2.5 1.8 0.0 4.1

Q3 '17-Q4 '17 0.5 -3.3 -3.6 1.3

Industrial

2016 98,535,721 4,391,313 4.5% $9.38

2017 101,703,851 7,237,506 7.1 10.47

2016 Q3 98,304,216 4,048,586 4.1 9.31

2016 Q4 98,535,721 4,391,313 4.5 9.38

2017 Q3 101,499,071 7,619,807 7.5 9.70

2017 Q4 101,703,851 7,237,506 7.1 10.47

% Change

2016-2017 3.2% 64.8% 57.8% 11.6%

Q4 '16-Q4 '17 3.2 64.8 57.8 11.6

Q3 '17-Q4 '17 0.2 -5.0 -5.3 7.9

Source: CoStar Group.

This report and associated spreadsheet files are located on the Chamber’s Economic Indicators page: www.austinchamber.com/economic-development/business-climate/the-economy

Updated files are available on or about the first Wednesday of every month.

i These indexes summarize movements in locally measured nonagricultural employment, the unemployment rate, inflation-adjusted wages and inflation-adjusted retail sales. ii The allocation historical summaries show the total dollars returned to a local sales taxing city, county, special purpose district or transit authority by the Comptroller's office for their local sales tax collection. The payments are listed by month and totaled by year. Allocation amounts are dependent upon the timing and accuracy of taxpayers' returns, but generally represent taxes collected on sales made two months or more prior to the allocation payment. iii Total passengers include domestic and international revenue and non-revenue passengers. It is a total of passengers enplaned, deplaned, and through. iv Total cargo includes domestic and international enplaned and deplaned belly freight, mail, and cargo. v Annual figures are averages of published quarterly data. NAHB does not publish annual values for these series. vi HOI is a measure of the percentage of homes sold in a given area during the quarter that are affordable to families earning that area’s median income. vii Annual numbers are year-end.

ECONOMIC INDICATORS NOVEMBER 2017





2015 962,900 787,700 11,869,700 141,843,000 2016 999,800 821,800 12,028,400 144,306,000

2016 YTD 993,944 817,122 11,975,956 143,683,333 2017 YTD 1,021,422 840,856 12,241,733 145,818,444

2016 Aug 997,800 829,600 12,001,200 144,441,000 2016 Sep 1,004,600 828,700 12,051,000 145,084,000 2017 Aug 1,019,800 848,600 12,282,000 146,540,000

2017 Sep 1,028,100 846,400 12,307,200 146,880,000 Difference 2015-2016 36,900 34,100 158,700 2,463,000 2016-2017 YTD 27,478 23,734 265,777 2,135,111

Sep ’16-Sep ‘17 23,500 17,700 256,200 1,796,000 Aug ’17-Sep ‘17 8,300 -2,200 25,200 340,000

Aug '17-Sep ‘17 Sea. Adj. 8,300 ― (7,300) (33,000) % Change 2015-2016 3.8% 4.3% 1.3% 1.7%

2016-2017 YTD 2.8 2.9 2.2 1.5 Sep ’16-Sep ‘17 2.3 2.1 2.1 1.2

Aug ’17-Sep ‘17 0.8 -0.3 0.2 0.2 Aug '17-Sep ‘17 Sea. Adj. 0.8 ― -0.1 0.0


2015 2016 2016 SEP

2017 AUG

2017 SEP

PERCENT CHANGE

2015-2016 SEP ‘16- SEP ‘17

AUG ‘17- SEP ‘17


55,300 59,000 60,000 64,600 63,700 6.7% 6.2% -1.4%

Manufacturing 55,600 55,700 55,700 58,400 58,000 0.2 4.1 -0.7 Wholesale trade 48,100 49,400 49,700 52,000 52,600 2.7 5.8 1.2

Retail trade 100,300 103,900 103,800 103,300 104,000 3.6 0.2 0.7 Transportation, ware-


Information 27,100 28,400 28,400 27,800 27,500 4.8 -3.2 -1.1

Financial activities 54,000 56,700 57,100 58,000 58,500 5.0 2.5 0.9 Prof & business services 161,000 169,200 171,400 170,000 169,000 5.1 -1.4 -0.6

Ed. & health services 111,900 116,400 117,000 122,200 123,600 4.0 5.6 1.1 Leisure & hospitality 115,500 121,900 124,000 128,900 125,700 5.5 1.4 -2.5 Other services 42,700 43,600 43,700 44,900 45,100 2.1 3.2 0.4

Government 175,200 177,900 175,900 171,200 181,700 1.5 3.3 6.1

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs SEPTEMBER 2016 SEPTEMBER 2017 DIFFERENCE PERCENT CH. RANK

Nashville MSA 961,100 991,000 29,900 3.1% 1

Dallas MDiv 2,516,800 2,583,900 67,100 2.7 2 Fort Worth MDiv 1,013,600 1,040,100 26,500 2.6 3 Boston NECTADiv 1,824,300 1,871,900 47,600 2.6 4

Atlanta MSA 2,684,600 2,752,900 68,300 2.5 5 Riverside MSA 1,401,000 1,436,100 35,100 2.5 6

Las Vegas MSA 960,100 983,500 23,400 2.4 7 Columbus, OH 1,070,300 1,095,700 25,400 2.4 8

Portland MSA 1,151,400 1,178,700 27,300 2.4 9 Austin MSA 1,004,600 1,028,100 23,500 2.3 10









RATE UNEMP. RATE

SEASONALLY ADJ.

Austin MSA

2015 1,069,742 1,033,620 36,122 3.4% ―

2016 1,110,371 1,074,349 36,022 3.2 ―

2016 YTD 1,106,288 1,070,345 35,943 3.2 ―

2017 YTD 1,132,754 1,094,910 37,844 3.3 ―

2016 Aug 1,110,447 1,072,206 38,241 3.4 3.3%

2016 Sep 1,119,209 1,080,673 38,536 3.4 3.4

2017 Aug 1,127,294 1,089,532 37,762 3.3 3.0

2017 Sep 1,143,062 1,109,796 33,266 2.9 2.7

Texas

2015 13,044,089 12,463,031 581,058 4.5% ―

2016 13,284,623 12,671,801 612,822 4.6 ―

2016 YTD 13,261,372 12,646,356 615,016 4.6 ―

2017 YTD 13,455,755 12,833,841 621,914 4.6 ―

2016 Aug 13,295,171 12,638,955 656,216 4.9 4.7%

2016 Sep 13,359,661 12,712,681 646,980 4.8 4.7

2017 Aug 13,406,493 12,801,715 604,778 4.5 4.2

2017 Sep 13,499,113 12,955,476 543,637 4.0 4.0

United States

2015 157,130,000 148,834,000 8,296,000 5.3% ―

2016 159,187,000 151,436,000 7,751,000 4.9 ―

2016 YTD 159,116,000 151,190,222 7,925,444 5.0 ―

2017 YTD 160,336,222 153,116,000 7,220,111 4.5 ―

2016 Aug 159,800,000 151,804,000 7,996,000 5.0 4.9%

2016 Sep 159,636,000 151,977,000 7,658,000 4.8 4.9

2017 Aug 160,863,000 153,576,000 7,287,000 4.5 4.4

2017 Sep 161,049,000 154,494,000 6,556,000 4.1 4.2

Employment Growth


Difference

2015-2016 40,729 208,770 2,602,000

2016-2017 YTD 24,565 187,485 1,925,778 Sep ’16-Sep ‘17 29,123 242,795 2,517,000

Aug ’17-Sep ‘17 20,264 153,761 918,000

Percent change

2015-2016 3.9% 1.7% 1.7%

2016-2017 YTD 2.3 1.5 1.3 Sep ’16-Sep ‘17 2.7 1.9 1.7

Aug ’17-Sep ‘17 1.9 1.2 0.6

Labor Force, Employment & Unemployment by County, September 2017 LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE


Hays 104,841 101,721 3,120 3.0 Travis 698,298 678,637 19,661 2.8

Williamson 281,856 273,319 8,537 3.0





Lowest Unemployment Rates Among the 50 Largest Metros SEPTEMBER 2016 SEPTEMBER 2017 DIFFERENCE RANK

Denver MSA 2.8% 2.2% -0.6 1

Nashville MSA 4.2 2.3 -1.9 2 San Francisco MDiv 3.1 2.8 -0.3 3 Minneapolis MSA 3.5 2.9 -0.6 4

Silver Spring MDiv 3.4 2.9 -0.5 5 Austin MSA 3.4 2.9 -0.5 6

Boston NECTADiv 2.9 3.1 0.2 7 Orlando MSA 4.7 3.2 -1.5 8

San Antonio MSA 3.9 3.2 -0.7 9 Fort Lauderdale MDiv 4.8 3.3 -1.5 10




2015 35.5 36.1 34.5 $26.32 $24.47 $25.02 2016 35.4 35.7 34.4 27.27 24.59 25.65

2016 YTD 35.4 35.7 34.3 27.04 24.48 25.55 2017 YTD 35.8 35.8 34.4 28.30 25.30 26.26

2016 Aug 35.2 35.7 34.4 27.34 24.43 25.52 2016 Sep 35.3 35.7 34.4 27.70 24.59 25.74 2017 Aug 35.3 35.8 34.5 28.12 25.22 26.19

2017 Sep 35.7 36.2 34.3 28.27 25.46 26.49 % Change 2015-2016 -0.3% -1.1% -0.3% 3.6% 0.5% 2.5% 2016-2017 YTD 1.1 0.3 0.3 4.7 3.3 2.8

Sep ’16-Sep ‘17 1.1 1.4 -0.3 2.1 3.5 2.9 Aug ’17-Sep ‘17 1.1 1.1 -0.6 0.5 1.0 1.1



2015 748.8 415.6 352.2 299.4 363.2

2016 806.3 441.7 361.9 297.2 382.7 2016 YTD 800.6 438.5 360.6 297.6 380.5

2017 YTD 847.3 459.3 371.1 299.3 396.3 2016 Aug 812.7 444.7 363.2 296.2 384.7

2016 Sep 816.3 446.9 364.4 297.0 386.2 2017 Aug 860.8 463.2 373.5 300.3 400.3 2017 Sep 865.6 465.4 375.6 296.8 401.9 % Change 2015-2016 7.7% 6.3% 2.8% -0.7% 5.4%

2016-2017 YTD 5.8 4.7 2.9 0.6 4.2 Sep ’16-Sep ‘17 6.0 4.1 3.1 -0.1 4.1

Aug ’17-Sep ‘17 0.6 0.5 0.6 -1.2 0.4








U.S. CITY AVERAGE





2015 ― 237.0 232.4 2016 ― 240.0 235.7

2016 YTD ― 239.5 235.2 2017 YTD ― 244.6 240.3

2016 Aug 240.4 240.8 236.6 2016 Sep 241.0 241.4 237.0 2017 Aug 245.0 245.5 241.4

2017 Sep 246.4 246.8 243.5 % Change 2015-2016 ― 1.3% 1.4% 2016-2017 YTD ― 2.1 2.2

Sep ’16-Sep ‘17 2.2% 2.2 2.7 Aug ’17-Sep ‘17 0.6 0.5 0.9



CITY OF AUSTIN


CITY OF ROUND ROCK

CITY OF SAN MARCOS

2015 $195,469,522 $211,125,380 $67,767,516 $25,996,406

2016 204,636,966 222,350,799 67,502,228 28,707,576

2016 YTD 170,229,881 184,786,264 56,226,488 24,288,445

2017 YTD 175,599,881 190,899,055 59,043,900 22,945,318

2016 Sep 15,352,415 17,241,223 5,896,259 2,591,448

2016 Oct 16,101,330 17,742,059 5,627,015 2,597,106

2017 Sep 16,480,653 17,884,373 5,843,364 2,363,372

2017 Oct 16,975,623 18,588,273 5,695,506 2,380,303

% Change

2015-2016 4.7% 5.3% -0.4% 10.4%

2016-2017 YTD 3.2 3.3 5.0 -5.5

Oct ’16-Oct ‘17 5.4 4.8 1.2 -8.3

Sep ’17-Oct ‘17 3.0 3.9 -2.5 0.7


TOTAL RETAIL


2015 $96,067,031,136 $2,095,713,995,851 $34,544,998,124 $463,525,367,578

2016 103,084,787,836 2,056,504,009,338 35,505,822,042 473,061,024,147

2015 Q4 27,990,363,845 666,583,767,191 9,820,385,969 134,603,406,326

2016 Q1 23,191,061,239 434,663,253,859 8,249,217,647 107,261,520,718

2016 Q4 29,830,673,082 656,488,253,557 9,493,198,338 135,491,766,498

2017 Q1 24,516,493,813 466,746,802,273 8,092,942,767 106,784,240,567

% Change

2015-2016 7.3% -1.9% 2.8% 2.1%

Q1 '16-Q1 '17 5.7 7.4 -1.9 -0.4

Q4 '16-Q1 '17 -17.8 -28.9 -14.8 -21.2








2015 11,897,959 157,484,666 2016 12,436,849 174,739,682

2015 YTD 9,230,931 126,218,436 2016 YTD 10,199,848 140,210,188

2016 Aug 1,054,496 14,201,025 2016 Sep 1,018,292 16,151,553

2017 Aug 1,205,341 17,004,930 2017 Sep 1,099,481 17,258,726 % Change 2015-2016 4.5% 11.0% 2016-2017 YTD 10.5 11.1

Sep ’16-Sep ‘17 8.0 6.9 Aug ’17-Sep ‘17 -8.8 1.5



2015 3,628 28.7%

2016 4,036 30.8 2016 YTD 3,337 30.9

2017 YTD 3,628 30.7 2016 Sep 305 30.8

2016 Oct 345 33.0 2017 Sep 319 30.0

2017 Oct 426 30.9 % Change 2015-2016 11.2% ―

2016-2017 YTD 8.7 ― Oct ’16-Oct ‘17 23.5 ―

Sep ’17-Oct ‘17 33.5 ―



AUSTIN MSA TEXAS UNITED STATES AUSTIN AS A % OF


2015 134 $923 $2,015 $76,870 45.8% 1.2%

2016 126 884 1,421 60,960 62.2 1.5 2016 YTD 93 752 1,214 48,407 61.9 1.6

2017 YTD 83 602 1,319 52,559 45.6 1.1 2016 Q2 34 313 387 18,026 80.9 1.7

2016 Q3 24 165 315 14,414 52.4 1.1 2017 Q2 45 332 799 18,868 41.6 1.8 2017 Q3 20 151 282 19,025 53.5 0.8 % Change 2015-2016 -6.0% -4.2% -29.5% -20.7% — —

2016-2017 YTD -10.8 -19.9 8.6 8.6 — — Q3 '16-Q3 '17 -16.7 -8.5 -10.5 32.0 — —

Q2 '17-Q3 '17 -55.6 -54.5 -64.7 0.8 — —

Source: PwC/CB Insights MoneyTree™ Report, https://www.pwc.com/us/en/technology/moneytree.html.






Austin MSA 2015 22,370 11,857 10,513 $3,669.933 $2,695.366 $974.567

2016 21,861 13,327 8,534 3,888.082 3,096.226 791.856 2016 YTD 17,366 10,473 6,893 2,965.244 2,399.835 565.409

2017 YTD 20,105 11,920 8,185 3,309.278 2,739.358 569.920 2016 Aug 1,888 1,124 764 298.938 253.986 44.952 2016 Sep 2,445 1,165 1,280 353.679 264.276 89.403

2017 Aug 1,884 1,238 646 338.781 293.365 45.416 2017 Sep 1,812 1,235 577 342.580 302.787 39.793 % Change 2015-2016 -2.3% 12.4% -18.8% 5.9% 14.9% -18.7%

2016-2017 YTD 15.8 13.8 18.7 11.6 14.1 0.8 Sep ’16-Sep ‘17 -25.9 6.0 -54.9 -3.1 14.6 -55.5

Aug ’17-Sep ‘17 -3.8 -0.2 -10.7 1.1 3.2 -12.4

United States

2015 1,182,582 695,998 486,584 $223,611.3 $166,276.9 $57,334.4 2016 1,206,642 750,796 455,846 237,101.6 182,207.4 54,894.2

2016 YTD 913,322 577,773 335,549 175,409.4 137,885.5 37,523.9 2017 YTD 955,059 628,858 326,201 193,578.7 152,327.4 41,251.3

2016 Aug 111,646 71,312 40,334 21,638.0 17,064.1 4,573.9 2016 Sep 111,650 63,406 48,244 20,857.3 15,185.2 5,672.1

2017 Aug 119,585 76,568 43,017 24,077.6 18,346.7 5,730.9 2017 Sep 101,400 66,618 34,782 20,470.3 16,152.1 4,318.2 % Change 2015-2016 2.0% 7.9% -6.3% 6.0% 9.6% -4.3% 2016-2017 YTD 4.6 8.8 -2.8 10.4 10.5 9.9

Sep ’16-Sep ‘17 -9.2 5.1 -27.9 -1.9 6.4 -23.9 Aug ’17-Sep ‘17 -15.2 -13.0 -19.1 -15.0 -12.0 -24.7




MEDIAN SALES PRICE


MEDIAN SALES PRICE



2015 $258,500 60.4 $76,800 $224,250 63.8 $65,800 4.07% 2016 278,500 58.3 77,800 240,000 62.1 65,700 3.88 2016 Q1 270,000 59.4 77,800 223,000 65.0 65,700 4.05

2016 Q2 284,000 56.3 77,800 240,000 62.0 65,700 3.88 2017 Q1 285,000 57.5 81,400 245,000 60.3 68,000 4.33

2017 Q2 301,000 54.8 81,400 256,000 59.4 68,000 4.08 % Change 2015-2016 7.7% -3.5% 1.3% 7.0% -2.7% -0.2% -4.7% Q2 '16-Q2 '17 6.0 -2.7 4.6 6.7 -4.2 3.5 5.2

Q1 '17-Q2 '17 5.6 -4.7 0.0 4.5 -1.5 0.0 -5.8





SALES DOLLAR VOLUME


MONTHS INVENTORY

Austin MSA

2015 31,560 $10,462.24 $331,503 $260,000 5,999 2.0

2016 32,957 11,452.16 347,488 280,000 6,502 2.1

2016 YTD 25,449 8,785.64 342,694 — 6,531 2.4

2017 YTD 26,250 9,661.86 365,576 — 7,561 2.7

2016 Aug 3,267 1,150.05 352,019 283,434 7,538 2.8

2016 Sep 2,820 958.37 339,847 270,000 7,580 2.8

2017 Aug 3,330 1,224.45 367,704 294,340 8,752 3.1

2017 Sep 2,742 972.65 354,722 289,000 8,498 3.0

% Change

2015-2016 4.4% 9.5% 4.8% 7.7% 8.4% 5.0%

2016-2017 YTD 3.1 10.0 6.7 — 15.8 12.5

Sep ’16-Sep ‘17 -2.8 1.5 4.4 7.0 12.1 7.1

Aug ’17-Sep ‘17 -17.7 -20.6 -3.5 -1.8 -2.9 -3.2

United States

2015 5,250,000 $1,398,600 $266,400 $222,400 1,760,000 4.8

2016 5,450,000 1,504,200 276,000 233,800 1,650,000 4.4

2016 YTD 4,152,000 1,146,804 273,956 — 2,018,889 4.5

2017 YTD 4,204,000 1,215,890 287,033 — 1,858,889 4.0

2016 Aug 539,000 151,998 282,000 240,000 2,010,000 4.5

2016 Sep 486,000 134,622 277,000 235,200 2,030,000 4.5

2017 Aug 535,000 157,504 294,400 253,100 1,870,000 4.2

2017 Sep 465,000 133,316 286,700 245,100 1,900,000 4.2

% Change

2015-2016 3.8% 7.6% 3.6% 5.1% -6.3% -8.3%

2016-2017 YTD 1.3 6.0 4.8 — -7.9 -11.1

Sep ’16-Sep ‘17 -4.3 -1.0 3.5 4.2 -6.4 -6.7

Aug ’17-Sep ‘17 -13.1 -15.4 -2.6 -3.2 1.6 0.0






Office

2015 95,188,228 7,742,765 8.1% $30.76

2016 96,528,188 7,697,543 8.0 32.43

2016 Q2 95,818,380 7,807,948 8.1 31.41

2016 Q3 96,203,553 7,863,636 8.2 32.81

2017 Q2 98,275,275 8,118,263 8.3 33.36

2017 Q3 98,521,022 8,105,445 8.2 33.27

% Change

2015-2016 1.4% -0.6% -1.2% 5.4%

Q3 '16-Q3 '17 2.4 3.1 0.0 1.4

Q2 '17-Q3 '17 0.3 -0.2 -1.2 -0.3

Industrial

2015 96,567,387 4,592,733 4.8% $8.81

2016 98,608,141 4,621,715 4.7 9.37

2016 Q2 97,097,079 4,703,854 4.8 8.96

2016 Q3 98,385,236 4,279,020 4.3 9.30

2017 Q2 100,453,094 6,765,406 6.7 9.68

2017 Q3 101,423,021 7,947,471 7.8 9.69

% Change

2015-2016 2.1% 0.6% -2.1% 6.4%

Q3 '16-Q3 '17 3.1 85.7 81.4 4.2

Q2 '17-Q3 '17 1.0 17.5 16.4 0.1





ECONOMIC INDICATORS OCTOBER 2017





2015 962,900 787,700 11,869,700 141,843,000 2016 999,800 821,800 12,028,400 144,306,000

2016 YTD 992,613 815,675 11,966,575 143,508,250 2017 YTD 1,020,475 840,050 12,234,238 145,691,125

2016 Jul 997,600 827,400 11,984,100 144,203,000 2016 Aug 997,800 829,600 12,001,200 144,441,000 2017 Jul 1,020,800 847,500 12,283,900 146,330,000

2017 Aug 1,018,900 847,700 12,287,500 146,541,000 Difference 2015-2016 36,900 34,100 158,700 2,463,000 2016-2017 YTD 27,862 24,375 267,663 2,182,875

Aug ‘16-Aug ‘17 21,100 18,100 286,300 2,100,000 Jul ‘17-Aug ‘17 -1,900 200 3,600 211,000

Jul '17-Aug ‘17 Sea. Adj. -100 ― 5,500 156,000 % Change 2015-2016 3.8% 4.3% 1.3% 1.7%

2016-2017 YTD 2.8 3.0 2.2 1.5 Aug ’16-Aug ‘17 2.1 2.2 2.4 1.5

Jul ’17-Aug ‘17 -0.2 0.0 0.0 0.1 Jul ’17-Aug ’17 Sea. Adj. 0.0 ― 0.0 0.1


2015 2016 2016 AUG

2017 JUL

2017 AUG

PERCENT CHANGE

2015-2016 AUG ‘16- AUG ‘17

JUL ‘17- AUG ‘17


55,300 59,000 60,100 64,100 63,900 6.7% 6.3% -0.3%


Retail trade 100,300 103,900 104,100 103,600 103,700 3.6 -0.4 0.1 Transportation, ware-


Information 27,100 28,400 28,500 27,900 27,600 4.8 -3.2 -1.1

Financial activities 54,000 56,700 57,500 57,800 57,400 5.0 -0.2 -0.7 Prof & business services 161,000 169,200 171,700 171,600 169,800 5.1 -1.1 -1.0

Ed. & health services 111,900 116,400 116,400 120,700 121,700 4.0 4.6 0.8 Leisure & hospitality 115,500 121,900 123,300 128,600 129,100 5.5 4.7 0.4 Other services 42,700 43,600 44,000 46,000 45,500 2.1 3.4 -1.1

Government 175,200 177,900 168,200 173,300 171,200 1.5 1.8 -1.2

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs AUGUST 2016 AUGUST 2017 DIFFERENCE PERCENT CH. RANK

Orlando MSA 1,210,400 1,250,400 40,000 3.3% 1

Fort Lauderdale MDiv 818,100 845,000 26,900 3.3 2 Atlanta MSA 2,675,300 2,761,700 86,400 3.2 3 Las Vegas MSA 949,600 979,900 30,300 3.2 4

Tampa MSA 1,296,900 1,336,500 39,600 3.1 5 Nashville MSA 954,500 983,200 28,700 3.0 6

Dallas MDiv 2,506,900 2,577,800 70,900 2.8 7 Cincinnati MSA 1,084,600 1,114,500 29,900 2.8 8

Boston NECTADiv 1,824,500 1,872,800 48,300 2.6 9 Charlotte MSA 1,148,700 1,178,900 30,200 2.6 10

Austin MSA 997,800 1,018,900 21,100 2.1 22









RATE UNEMP. RATE

SEASONALLY ADJ.

Austin MSA

2015 1,069,742 1,033,620 36,122 3.4% ―

2016 1,110,371 1,074,349 36,022 3.2 ―

2016 YTD 1,104,673 1,069,054 35,619 3.2 ―

2017 YTD 1,131,318 1,092,902 38,416 3.4 ―

2016 Jul 1,117,694 1,077,884 39,810 3.6 3.3%

2016 Aug 1,110,447 1,072,206 38,241 3.4 3.3

2017 Jul 1,132,325 1,095,904 36,421 3.2 3.0

2017 Aug 1,126,108 1,088,347 37,761 3.4 3.0

Texas

2015 13,044,089 12,463,031 581,058 4.5% ―

2016 13,284,623 12,671,801 612,822 4.6 ―

2016 YTD 13,249,086 12,638,066 611,020 4.6 ―

2017 YTD 13,450,371 12,818,675 631,696 4.7 ―

2016 Jul 13,356,834 12,681,873 674,961 5.1 4.7%

2016 Aug 13,295,171 12,638,955 656,216 4.9 4.7

2017 Jul 13,434,624 12,850,647 583,977 4.3 4.3

2017 Aug 13,406,779 12,802,022 604,757 4.5 4.2

United States

2015 157,130,000 148,834,000 8,296,000 5.3% ―

2016 159,187,000 151,436,000 7,751,000 4.9 ―

2016 YTD 159,051,000 151,091,875 7,958,875 5.0 ―

2017 YTD 160,247,125 152,943,750 7,303,125 4.6 ―

2016 Jul 160,705,000 152,437,000 8,267,000 5.1 4.9%

2016 Aug 159,800,000 151,804,000 7,996,000 5.0 4.9

2017 Jul 161,911,000 154,470,000 7,441,000 4.6 4.3

2017 Aug 160,863,000 153,576,000 7,287,000 4.5 4.4

Employment Growth


Difference

2015-2016 40,729 208,770 2,602,000

2016-2017 YTD 23,848 180,609 1,851,875 Aug ’16-Aug ‘17 16,141 163,067 1,772,000

Jul ’17-Aug ‘17 -7,557 -48,625 -894,000

Percent change

2015-2016 3.9% 1.7% 1.7%

2016-2017 YTD 2.2 1.4 1.2 Aug ’16-Aug ‘17 1.5 1.3 1.2

Jul ’17-Aug ‘17 -0.7 -0.4 -0.6

Labor Force, Employment & Unemployment by County, August 2017 LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE


Hays 103,311 99,768 3,543 3.4 Travis 687,791 665,587 22,204 3.2

Williamson 277,503 267,859 9,644 3.5





Lowest Unemployment Rates Among the 50 Largest Metros AUGUST 2016 AUGUST 2017 DIFFERENCE RANK

Denver MSA 3.1% 2.2% -0.9 1

Nashville MSA 4.1 2.9 -1.2 2 Silver Spring MDiv 3.4 3.1 -0.3 3 Boston NECTADiv 3.0 3.3 0.3 4

San Francisco MDiv 3.3 3.3 0.0 5 Austin MSA 3.4 3.4 0.0 6

Minneapolis MSA 3.6 3.4 -0.2 7 San Antonio MSA 4.0 3.7 -0.3 8

Warren MDiv 5.3 3.8 -1.5 9 Indianapolis MSA 4.0 3.8 -0.2 10




2015 35.5 36.1 34.5 $26.32 $24.47 $25.02 2016 35.4 35.7 34.4 27.27 24.59 25.65

2016 YTD 35.4 35.7 34.3 26.96 24.47 25.53 2017 YTD 35.8 35.8 34.4 28.28 25.27 26.23

2016 Jul 35.4 35.7 34.4 27.43 24.39 25.53 2016 Aug 35.2 35.7 34.4 27.34 24.43 25.52 2017 Jul 36.5 36.4 34.8 28.73 25.54 26.36

2017 Aug 35.5 35.8 34.5 27.97 25.13 26.17 % Change 2015-2016 -0.3% -1.1% -0.3% 3.6% 0.5% 2.5% 2016-2017 YTD 1.1 0.3 0.3 4.9 3.3 2.7

Aug ’16-Aug ‘17 0.9 0.3 0.3 2.3 2.9 2.5 Jul ’17-Aug ‘17 -2.7 -1.6 -0.9 -2.6 -1.6 -0.7



2015 747.5 415.1 352.2 299.7 363.0

2016 805.2 440.9 362.0 296.8 382.4 2016 YTD 797.9 436.7 360.1 297.5 379.5

2017 YTD 837.5 457.6 370.8 298.7 395.1 2016 Jul 808.1 442.0 362.6 296.6 383.0

2016 Aug 811.6 443.9 363.2 295.7 384.4 2017 Jul 845.0 460.6 374.0 300.2 398.1 2017 Aug 847.7 462.3 373.9 300.1 399.5 % Change 2015-2016 7.7% 6.2% 2.8% -1.0% 5.3%

2016-2017 YTD 5.0 4.8 3.0 0.4 4.1 Aug ’16-Aug ‘17 4.4 4.1 2.9 1.5 3.9

Jul ’17-Aug ‘17 0.3 0.4 0.0 0.0 0.4








U.S. CITY AVERAGE





2015 ― 237.0 232.4 2016 ― 240.0 235.7

2016 YTD ― 239.3 235.0 2017 YTD ― 244.3 239.9

2016 Jul 239.9 240.6 236.5 2016 Aug 240.4 240.8 236.6 2017 Jul 244.0 244.8 240.4

2017 Aug 245.0 245.5 241.4 % Change 2015-2016 ― 1.3% 1.4% 2016-2017 YTD ― 2.1 2.1

Aug ’16-Aug ‘17 1.9% 2.0 2.0 Jul ’17-Aug ‘17 0.4 0.3 0.4



CITY OF AUSTIN


CITY OF ROUND ROCK

CITY OF SAN MARCOS

2015 $195,469,522 $211,125,380 $67,767,516 $25,996,406

2016 204,636,966 222,350,799 67,502,228 28,707,576

2016 YTD 154,128,551 167,044,205 50,599,473 21,691,339

2017 YTD 158,624,258 172,310,782 53,348,393 20,565,015

2016 Aug 20,619,455 22,206,990 6,072,278 2,659,900

2016 Sep 15,352,415 17,241,223 5,896,259 2,591,448

2017 Aug 19,172,175 20,728,155 5,796,699 2,365,920

2017 Sep 16,480,653 17,884,373 5,843,364 2,363,372

% Change

2015-2016 4.7% 5.3% -0.4% 10.4%

2016-2017 YTD 2.9 3.2 5.4 -5.2

Sep ’16-Sep ‘17 7.3 3.7 -0.9 -8.8

Aug ’17-Sep ‘17 -14.0 -13.7 0.8 -0.1


TOTAL RETAIL


2015 $96,067,031,136 $2,095,713,995,851 $34,544,998,124 $463,525,367,578

2016 103,084,787,836 2,056,504,009,338 35,505,822,042 473,061,024,147

2015 Q4 27,990,363,845 666,583,767,191 9,820,385,969 134,603,406,326

2016 Q1 23,191,061,239 434,663,253,859 8,249,217,647 107,261,520,718

2016 Q4 29,830,673,082 656,488,253,557 9,493,198,338 135,491,766,498

2017 Q1 24,516,493,813 466,746,802,273 8,092,942,767 106,784,240,567

% Change

2015-2016 7.3% -1.9% 2.8% 2.1%

Q1 '16-Q1 '17 5.7 7.4 -1.9 -0.4

Q4 '16-Q1 '17 -17.8 -28.9 -14.8 -21.2








2015 11,897,959 157,484,666 2016 12,436,849 174,739,682

2015 YTD 8,212,639 110,066,883 2016 YTD 9,100,367 122,951,462

2016 Jul 1,133,641 13,456,569 2016 Aug 1,054,496 14,201,025

2017 Jul 1,310,174 14,609,172 2017 Aug 1,205,341 17,004,930 % Change 2015-2016 4.5% 11.0% 2016-2017 YTD 10.8 11.7

Aug ’16-Aug ‘17 14.3 19.7 Jul ’17-Aug ‘17 -8.0 16.4



2015 3,628 28.7%

2016 4,036 30.8 2016 YTD 2,992 30.6

2017 YTD 3,202 30.7 2016 Aug 366 28.4

2016 Sep 305 30.8 2017 Aug 440 29.9

2017 Sep 319 30.0 % Change 2015-2016 11.2% ―

2016-2017 YTD 7.0 ― Sep ’16-Sep ‘17 4.6 ―

Aug ’17-Sep ‘17 -27.5 ―





2015 131 $904 $1,995 $74,404 45.3% 1.2%

2016 123 869 1,400 62,748 62.1 1.4 2016 YTD 69 587 902 36,043 65.1 1.6

2017 YTD 60 447 1,039 32,810 43.0 1.4 2016 Q1 35 274 515 15,944 53.2 1.7

2016 Q2 34 313 387 20,099 80.9 1.6 2017 Q1 17 117 236 14,448 49.6 0.8 2017 Q2 43 330 803 18,362 41.1 1.8 % Change 2015-2016 -6.1% -3.9% -29.8% -15.7% — —

2016-2017 YTD -13.0 -23.9 15.2 -9.0 — — Q2 '16-Q2 '17 26.5 5.4 107.5 -8.6 — —

Q1 '17-Q2 '17 152.9 182.1 240.3 27.1 — —

Source: PricewaterhouseCoopers MoneyTree™ Report, https://www.pwc.com/us/en/technology/moneytree.html.






Austin MSA 2015 22,370 11,857 10,513 $3,669.933 $2,695.366 $974.567

2016 21,861 13,327 8,534 3,888.082 3,096.226 791.856 2016 YTD 14,856 9,351 5,505 2,610.611 2,146.774 463.837

2017 YTD 18,271 10,661 7,610 2,959.594 2,429.315 530.279 2016 Jul 1,830 1,124 706 317.189 251.096 66.093 2016 Aug 1,888 1,124 764 298.938 253.986 44.952

2017 Jul 1,457 1,137 320 275.343 270.392 4.951 2017 Aug 1,884 1,238 646 338.781 293.365 45.416 % Change 2015-2016 -2.3% 12.4% -18.8% 5.9% 14.9% -18.7%

2016-2017 YTD 23.0 14.0 38.2 13.4 13.2 14.3 Aug ’16-Aug ‘17 -0.2 10.1 -15.4 13.3 15.5 1.0

Jul ’17-Aug ‘17 29.3 8.9 101.9 23.0 8.5 817.3

United States

2015 1,182,582 695,998 486,584 $223,611.3 $166,276.9 $57,334.4 2016 1,206,642 750,796 455,846 237,101.6 182,207.4 54,894.2

2016 YTD 801,672 514,367 287,305 154,552.1 122,700.3 31,851.8 2017 YTD 852,825 561,938 290,887 173,056.5 136,081.6 36,974.8

2016 Jul 97,934 61,228 36,706 19,164.7 15,128.8 4,036.0 2016 Aug 111,646 71,312 40,334 21,638.0 17,064.1 4,573.9

2017 Jul 101,005 69,133 31,872 20,703.8 16,695.0 4,008.8 2017 Aug 119,585 76,568 43,017 24,077.6 18,346.7 5,730.9 % Change 2015-2016 2.0% 7.9% -6.3% 6.0% 9.6% -4.3% 2016-2017 YTD 6.4 9.2 1.2 12.0 10.9 16.1

Aug ’16-Aug ‘17 7.1 7.4 6.7 11.3 7.5 25.3 Jul ’17-Aug ‘17 18.4 10.8 35.0 16.3 9.9 43.0




MEDIAN SALES PRICE


MEDIAN SALES PRICE



2015 $258,500 60.4 $76,800 $224,250 63.8 $65,800 4.07% 2016 278,500 58.3 77,800 240,000 62.1 65,700 3.88 2016 Q1 270,000 59.4 77,800 223,000 65.0 65,700 4.05

2016 Q2 284,000 56.3 77,800 240,000 62.0 65,700 3.88 2017 Q1 285,000 57.5 81,400 245,000 60.3 68,000 4.33

2017 Q2 301,000 54.8 81,400 256,000 59.4 68,000 4.08 % Change 2015-2016 7.7% -3.5% 1.3% 7.0% -2.7% -0.2% -4.7% Q2 '16-Q2 '17 6.0 -2.7 4.6 6.7 -4.2 3.5 5.2

Q1 '17-Q2 '17 5.6 -4.7 0.0 4.5 -1.5 0.0 -5.8





SALES DOLLAR VOLUME


MONTHS INVENTORY

Austin MSA

2015 31,560 $10,462.24 $331,503 $260,000 5,999 2.0

2016 32,956 11,452.00 347,493 280,000 6,500 2.1

2016 YTD 22,629 7,827.28 343,050 — 6,400 2.4

2017 YTD 23,565 8,717.41 367,191 — 7,445 2.7

2016 Jul 3,140 1,089.16 346,866 282,000 7,629 2.8

2016 Aug 3,267 1,150.05 352,019 283,434 7,538 2.8

2017 Jul 3,313 1,242.26 374,966 294,900 8,884 3.2

2017 Aug 3,368 1,244.36 369,467 295,000 8,777 3.1

% Change

2015-2016 4.4% 9.5% 4.8% 7.7% 8.4% 5.0%

2016-2017 YTD 4.1 11.4 7.0 — 16.3 12.5

Aug ’16-Aug ‘17 3.1 8.2 5.0 4.1 16.4 10.7

Jul ’17-Aug ‘17 1.7 0.2 -1.5 0.0 -1.2 -3.1

United States

2015 5,250,000 $1,398,600 $266,400 $222,400 1,760,000 4.8

2016 5,450,000 1,504,200 276,000 233,800 1,650,000 4.4

2016 YTD 3,666,000 1,002,926 273,575 — 2,017,500 4.5

2017 YTD 3,739,000 1,073,467 287,100 — 1,855,000 4.0

2016 Jul 513,000 146,154 284,900 243,200 2,110,000 4.8

2016 Aug 539,000 151,998 282,000 240,000 2,010,000 4.5

2017 Jul 513,000 153,284 298,800 258,100 1,920,000 4.2

2017 Aug 535,000 157,611 294,600 253,500 1,880,000 4.2

% Change

2015-2016 3.8% 7.6% 3.6% 5.1% -6.3% -8.3%

2016-2017 YTD 2.0 7.0 4.9 — -8.1 -11.1

Aug ’16-Aug ‘17 -0.7 3.7 4.5 5.6 -6.5 -6.7

Jul ’17-Aug ‘17 4.3 2.8 -1.4 -1.8 -2.1 0.0






Office

2015 95,188,228 7,742,765 8.1% $30.76

2016 96,528,188 7,697,543 8.0 32.43

2016 Q2 95,818,380 7,807,948 8.1 31.41

2016 Q3 96,203,553 7,863,636 8.2 32.81

2017 Q2 98,275,275 8,118,263 8.3 33.36

2017 Q3 98,521,022 8,105,445 8.2 33.27

% Change

2015-2016 1.4% -0.6% -1.2% 5.4%

Q3 '16-Q3 '17 2.4 3.1 0.0 1.4

Q2 '17-Q3 '17 0.3 -0.2 -1.2 -0.3

Industrial

2015 96,567,387 4,592,733 4.8% $8.81

2016 98,608,141 4,621,715 4.7 9.37

2016 Q2 97,097,079 4,703,854 4.8 8.96

2016 Q3 98,385,236 4,279,020 4.3 9.30

2017 Q2 100,453,094 6,765,406 6.7 9.68

2017 Q3 101,423,021 7,947,471 7.8 9.69

% Change

2015-2016 2.1% 0.6% -2.1% 6.4%

Q3 '16-Q3 '17 3.1 85.7 81.4 4.2

Q2 '17-Q3 '17 1.0 17.5 16.4 0.1





ECONOMIC INDICATORS SEPTEMBER 2017





2015 962,900 787,700 11,869,700 141,843,000 2016 999,800 821,800 12,028,400 144,306,000

2016 YTD 991,871 813,686 11,961,629 143,375,000 2017 YTD 1,020,871 839,129 12,226,329 145,573,143

2016 Jun 1,003,300 823,300 12,034,800 145,182,000 2016 Jul 997,600 827,400 11,984,100 144,203,000 2017 Jun 1,030,200 846,800 12,348,400 147,407,000

2017 Jul 1,022,000 848,700 12,281,800 146,368,000 Difference 2015-2016 36,900 34,100 158,700 2,463,000 2016-2017 YTD 29,000 25,443 264,700 2,198,143

Jul ‘16-Jul ‘17 24,400 21,300 297,700 2,165,000 Jun ‘17-Jul ‘17 -8,200 1,900 -66,600 -1,039,000

Jun '17-Jul ‘17 Sea. Adj. 100 ― 19,600 209,000 % Change 2015-2016 3.8% 4.3% 1.3% 1.7%

2016-2017 YTD 2.9 3.1 2.2 1.5 Jul ’16-Jul ‘17 2.4 2.6 2.5 1.5

Jun ’17-Jul ‘17 -0.8 0.2 -0.5 -0.7 Jun ’17-Jul ’17 Sea. Adj. 0.0 ― 0.2 0.1


2015 2016 2016 JUL

2017 JUN

2017 JUL

PERCENT CHANGE

2015-2016 JUL ‘16- JUL ‘17

JUN ‘17- JUL ‘17


55,300 59,000 60,000 62,800 64,200 6.7% 7.0% 2.2%


Retail trade 100,300 103,900 103,400 104,600 103,800 3.6 0.4 -0.8 Transportation, ware-

housing, & utilities 16,400 17,600 17,400 18,400 18,300 7.3 5.2 -0.5

Information 27,100 28,400 28,600 27,900 27,900 4.8 -2.4 0.0

Financial activities 54,000 56,700 57,100 57,100 57,800 5.0 1.2 1.2 Prof & business services 161,000 169,200 171,100 171,800 171,400 5.1 0.2 -0.2

Ed. & health services 111,900 116,400 115,300 120,700 121,300 4.0 5.2 0.5 Leisure & hospitality 115,500 121,900 123,800 129,400 128,900 5.5 4.1 -0.4 Other services 42,700 43,600 44,500 46,300 46,200 2.1 3.8 -0.2

Government 175,200 177,900 170,200 183,400 173,300 1.5 1.8 -5.5

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs JULY 2016 JULY 2017 DIFFERENCE PERCENT CH. RANK

Fort Lauderdale MDiv 810,400 840,400 30,000 3.7% 1

Orlando MSA 1,197,600 1,236,400 38,800 3.2 2 Atlanta MSA 2,657,500 2,742,800 85,300 3.2 3 Tampa MSA 1,283,300 1,324,100 40,800 3.2 4

Dallas MDiv 2,496,200 2,573,600 77,400 3.1 5 Fort Worth MDiv 1,006,800 1,037,600 30,800 3.1 6

Riverside MSA 1,378,000 1,419,700 41,700 3.0 7 Cincinnati MSA 1,081,800 1,114,300 32,500 3.0 8

Nashville MSA 944,900 972,300 27,400 2.9 9 Las Vegas MSA 946,800 973,400 26,600 2.8 10

Austin MSA 997,600 1,022,000 24,400 2.4 18









RATE UNEMP. RATE

SEASONALLY ADJ.

Austin MSA

2015 1,069,742 1,033,620 36,122 3.4% ―

2016 1,110,371 1,074,349 36,022 3.2 ―

2016 YTD 1,103,848 1,068,604 35,244 3.2 ―

2017 YTD 1,132,147 1,093,640 38,507 3.4 ―

2016 Jun 1,113,964 1,075,461 38,503 3.5 3.3%

2016 Jul 1,117,694 1,077,884 39,810 3.6 3.3

2017 Jun 1,134,194 1,095,549 38,645 3.4 2.9

2017 Jul 1,132,924 1,096,521 36,403 3.2 2.8

Texas

2015 13,044,089 12,463,031 581,058 4.5% ―

2016 13,284,623 12,671,801 612,822 4.6 ―

2016 YTD 13,242,502 12,637,938 604,564 4.6 ―

2017 YTD 13,456,430 12,820,888 635,541 4.7 ―

2016 Jun 13,319,665 12,656,717 662,948 5.0 4.7%

2016 Jul 13,356,834 12,681,873 674,961 5.1 4.7

2017 Jun 13,462,252 12,831,118 631,134 4.7 4.6

2017 Jul 13,433,444 12,849,486 583,958 4.3 4.3

United States

2015 157,130,000 148,834,000 8,296,000 5.3% ―

2016 159,187,000 151,436,000 7,751,000 4.9 ―

2016 YTD 158,944,000 150,990,143 7,953,571 5.0 ―

2017 YTD 160,159,143 152,853,429 7,305,429 4.6 ―

2016 Jun 160,135,000 151,990,000 8,144,000 5.1 4.9%

2016 Jul 160,705,000 152,437,000 8,267,000 5.1 4.9

2017 Jun 161,337,000 154,086,000 7,250,000 4.5 4.4

2017 Jul 161,911,000 154,470,000 7,441,000 4.6 4.3

Employment Growth


Difference

2015-2016 40,729 208,770 2,602,000

2016-2017 YTD 25,036 182,950 1,863,286 Jul ’16-Jul ‘17 18,637 167,613 2,033,000

Jun ’17-Jul ‘17 972 18,368 384,000

Percent change

2015-2016 3.9% 1.7% 1.7%

2016-2017 YTD 2.3 1.4 1.2 Jul ’16-Jul ‘17 1.7 1.3 1.3

Jun ’17-Jul ‘17 0.1 0.1 0.2

Labor Force, Employment & Unemployment by County, July 2017 LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE


Hays 103,926 100,498 3,428 3.3 Travis 692,041 670,635 21,406 3.1

Williamson 279,218 269,922 9,296 3.3





Lowest Unemployment Rates Among the 50 Largest Metros JULY 2016 JULY 2017 DIFFERENCE RANK

Denver MSA 3.2% 2.4% 0.8 1

Austin MSA 3.6 3.2 0.3 2 Indianapolis MSA 3.9 3.2 0.7 3 Nashville MSA 4.1 3.3 0.8 4

San Francisco MDiv 3.4 3.3 0.1 5 Minneapolis MSA 3.6 3.3 0.3 6

Silver Spring MDiv 3.6 3.4 0.1 7 San Antonio MSA 4.1 3.7 0.5 8

Dallas MDiv 4.1 3.7 0.4 9 Seattle MDiv 4.2 3.7 0.5 10




2015 35.5 36.1 34.5 $26.32 $24.47 $25.02 2016 35.4 35.7 34.4 27.27 24.59 25.65

2016 YTD 35.4 35.7 34.3 26.91 24.47 25.53 2017 YTD 35.9 35.8 34.4 28.33 25.30 26.24

2016 Jun 35.7 35.8 34.4 26.97 24.31 25.42 2016 Jul 35.4 35.7 34.4 27.43 24.39 25.53 2017 Jun 36.0 35.8 34.5 27.94 25.03 26.05

2017 Jul 36.5 36.4 34.8 28.76 25.57 26.36 % Change 2015-2016 -0.3% -1.1% -0.3% 3.6% 0.5% 2.5% 2016-2017 YTD 1.4 0.3 0.3 5.3 3.4 2.8

Jul ’16-Jul ‘17 3.1 2.0 1.2 4.8 4.8 3.3 Jun ’17-Jul ‘17 1.4 1.7 0.9 2.9 2.2 1.2



2015 747.0 416.4 352.3 299.8 362.5

2016 803.6 443.0 362.3 296.9 381.1 2016 YTD 794.8 437.6 359.9 297.9 377.9

2017 YTD 833.9 461.0 372.9 298.0 390.9 2016 Jun 803.0 441.0 361.1 296.1 380.5

2016 Jul 806.5 444.1 362.9 296.6 381.8 2017 Jun 840.5 463.6 374.8 300.0 393.0 2017 Jul 843.7 465.3 377.0 299.5 394.1 % Change 2015-2016 7.6% 6.4% 2.8% -1.0% 5.1%

2016-2017 YTD 4.9 5.3 3.6 0.0 3.4 Jul ’16-Jul ‘17 4.6 4.8 3.9 1.0 3.2

Jun ’17-Jul ‘17 0.4 0.4 0.6 -0.2 0.3








U.S. CITY AVERAGE





2015 ― 237.0 232.4 2016 ― 240.0 235.7

2016 YTD ― 239.0 234.7 2017 YTD ― 244.2 239.6

2016 Jun 239.8 241.0 236.8 2016 Jul 239.9 240.6 236.5 2017 Jun 243.8 245.0 240.9

2017 Jul 244.0 244.8 240.4 % Change 2015-2016 ― 1.3% 1.4% 2016-2017 YTD ― 2.2 2.1

Jul ’16-Jul ‘17 1.7% 1.7 1.6 Jun ’17-Jul ‘17 0.1 -0.1 -0.2



CITY OF AUSTIN


CITY OF ROUND ROCK

CITY OF SAN MARCOS

2015 $195,469,522 $211,125,380 $67,767,516 $25,996,406

2016 204,636,966 222,350,799 67,502,228 28,707,576

2016 YTD 138,776,136 149,802,983 44,703,214 19,099,891

2017 YTD 142,143,605 154,426,409 47,505,029 18,201,643

2016 Jul 16,234,567 17,634,796 5,214,394 2,163,570

2016 Aug 20,619,455 22,206,990 6,072,278 2,659,900

2017 Jul 17,452,322 19,053,725 5,885,360 2,059,756

2017 Aug 19,172,175 20,728,155 5,796,699 2,365,920

% Change

2015-2016 4.7% 5.3% -0.4% 10.4%

2016-2017 YTD 2.4 3.1 6.3 -4.7

Aug ’16-Aug ‘17 -7.0 -6.7 -4.5 -11.1

Jul ’17-Aug ‘17 9.9 8.8 -1.5 14.9


TOTAL RETAIL


2015 $96,095,790,268 $2,095,713,995,851 $34,554,019,666 $463,502,246,872

2016 111,914,712,376 2,071,982,892,225 36,878,848,584 475,466,593,929

2015 Q3 24,116,529,732 482,742,925,095 8,674,266,983 112,410,996,319

2015 Q4 27,997,259,808 666,583,767,191 9,817,225,213 134,588,102,280

2016 Q3 25,230,115,411 485,769,025,997 8,856,611,796 119,902,604,988

2016 Q4 29,483,890,754 643,760,876,764 9,437,337,528 133,844,268,894

% Change

2015-2016 16.5% -1.1% 6.7% 2.6%

Q4 '15-Q4 '16 5.3 -3.4 -3.9 -0.6

Q3 '16-Q4 '16 16.9 32.5 6.6 11.6








2015 11,897,959 157,484,666 2016 12,436,849 174,739,682

2015 YTD 6,024,502 82,409,289 2016 YTD 6,584,852 91,337,360

2016 May 1,081,450 13,521,840 2016 Jun 1,135,796 14,482,584

2017 May 1,217,824 15,255,708 2017 Jun 1,279,204 16,197,792 % Change 2015-2016 4.5% 11.0% 2016-2017 YTD 9.3 10.8

Jun ’16-Jun ‘17 12.6 11.8 May ’17-Jun ‘17 5.0 6.2



2015 3,628 28.7%

2016 4,036 30.8 2016 YTD 2,687 30.6

2017 YTD 2,883 30.8 2016 Jul 267 28.9

2016 Aug 366 28.4 2017 Jul 331 31.1

2017 Aug 440 29.9 % Change 2015-2016 11.2% ―

2016-2017 YTD 7.3 ― Aug ’16-Aug ‘17 20.2 ―

Jul ’17-Aug ‘17 32.9 ―





2015 131 $904 $1,995 $74,404 45.3% 1.2%

2016 123 869 1,400 62,748 62.1 1.4 2016 YTD 69 587 902 36,043 65.1 1.6

2017 YTD 60 447 1,039 32,810 43.0 1.4 2016 Q1 35 274 515 15,944 53.2 1.7

2016 Q2 34 313 387 20,099 80.9 1.6 2017 Q1 17 117 236 14,448 49.6 0.8 2017 Q2 43 330 803 18,362 41.1 1.8 % Change 2015-2016 -6.1% -3.9% -29.8% -15.7% — —

2016-2017 YTD -13.0 -23.9 15.2 -9.0 — — Q2 '16-Q2 '17 26.5 5.4 107.5 -8.6 — —

Q1 '17-Q2 '17 152.9 182.1 240.3 27.1 — —







Austin MSA 2015 22,370 11,857 10,513 $3,669.933 $2,695.366 $974.567

2016 21,861 13,327 8,534 3,888.082 3,096.226 791.856 2016 YTD 13,053 8,241 4,812 2,326.558 1,895.094 431.464

2017 YTD 16,413 9,459 6,954 2,621.957 2,138.487 483.470 2016 Jun 2,317 1,221 1,096 402.994 281.790 121.204 2016 Jul 1,830 1,124 706 317.189 251.096 66.093

2017 Jun 3,812 1,492 2,320 558.337 342.641 215.696 2017 Jul 1,457 1,137 320 275.343 270.392 4.951 % Change 2015-2016 -2.3% 12.4% -18.8% 5.9% 14.9% -18.7%

2016-2017 YTD 25.7 14.8 44.5 12.7 12.8 12.1 Jul ’16-Jul ‘17 -20.4 1.2 -54.7 -13.2 7.7 -92.5

Jun ’17-Jul ‘17 -61.8 -23.8 -86.2 -50.7 -21.1 -97.7

United States

2015 1,182,582 695,998 486,584 $223,611.3 $166,276.9 $57,334.4 2016 1,206,642 750,796 455,846 237,101.6 182,207.4 54,894.2

2016 YTD 690,026 443,055 246,971 132,914.1 105,636.2 27,277.9 2017 YTD 734,886 487,495 247,391 148,635.7 117,454.2 31,181.5

2016 Jun 117,594 74,991 42,603 22,633.6 17,939.1 4,694.5 2016 Jul 97,934 61,228 36,706 19,164.7 15,128.8 4,036.0

2017 Jun 127,877 81,789 46,088 25,160.4 19,653.0 5,507.5 2017 Jul 101,005 69,133 31,872 20,703.8 16,695.0 4,008.8 % Change 2015-2016 2.0% 7.9% -6.3% 6.0% 9.6% -4.3% 2016-2017 YTD 6.5 10.0 0.2 11.8 11.2 14.3

Jul ’16-Jul ‘17 3.1 12.9 -13.2 8.0 10.4 -0.7 Jun ’17-Jul ‘17 -21.0 -15.5 -30.8 -17.7 -15.1 -27.2




MEDIAN SALES PRICE


MEDIAN SALES PRICE



2015 $258,500 60.4 $76,800 $224,250 63.8 $65,800 4.07% 2016 278,500 58.3 77,800 240,000 62.1 65,700 3.88 2016 Q1 270,000 59.4 77,800 223,000 65.0 65,700 4.05

2016 Q2 284,000 56.3 77,800 240,000 62.0 65,700 3.88 2017 Q1 285,000 57.5 81,400 245,000 60.3 68,000 4.33

2017 Q2 301,000 54.8 81,400 256,000 59.4 68,000 4.08 % Change 2015-2016 7.7% -3.5% 1.3% 7.0% -2.7% -0.2% -4.7% Q2 '16-Q2 '17 6.0 -2.7 4.6 6.7 -4.2 3.5 5.2

Q1 '17-Q2 '17 5.6 -4.7 0.0 4.5 -1.5 0.0 -5.8





SALES DOLLAR VOLUME


MONTHS INVENTORY

Austin MSA

2015 31,560 $10,462.240 $331,503 $260,000 5,999 2.0

2016 32,958 11,452.903 347,500 280,000 6,499 2.1

2016 YTD 19,362 6,677.229 341,769 — 6,237 2.3

2017 YTD 20,196 7,477.116 367,039 — 7,268 2.6

2016 Jun 3,617 1,314.467 363,414 290,000 7,176 2.6

2016 Jul 3,140 1,089.160 346,866 282,000 7,629 2.8

2017 Jun 3,857 1,483.053 384,510 305,000 8,584 3.1

2017 Jul 3,308 1,242.595 375,633 294,500 8,936 3.2

% Change

2015-2016 4.4% 9.5% 4.8% 7.7% 8.3% 5.0%

2016-2017 YTD 4.3 12.0 7.4 — 16.5 13.0

Jul ’16-Jul ‘17 5.4 14.1 8.3 4.4 17.1 14.3

Jun ’17-Jul ‘17 -14.2 -16.2 -2.3 -3.4 4.1 3.2

United States

2015 5,250,000 $1,398,600.0 $266,400 $222,400 1,760,000 4.8

2016 5,450,000 1,504,200.0 276,000 233,800 1,650,000 4.4

2016 YTD 3,127,000 851,705.5 272,371 — 2,018,571 4.5

2017 YTD 3,204,000 916,435.5 286,029 — 1,851,429 4.0

2016 Jun 582,000 168,663.6 289,800 247,600 2,110,000 4.6

2016 Jul 513,000 146,153.7 284,900 243,200 2,110,000 4.8

2017 Jun 600,000 182,100.0 303,500 263,300 1,940,000 4.2

2017 Jul 513,000 153,284.4 298,800 258,300 1,920,000 4.2

% Change

2015-2016 3.8% 7.6% 3.6% 5.1% -6.3% -8.3%

2016-2017 YTD 2.5 7.6 5.0 — -8.3 -11.1

Jul ’16-Jul ‘17 0.0 4.9 4.9 6.2 -9.0 -12.5

Jun ’17-Jul ‘17 -14.5 -15.8 -1.5 -1.9 -1.0 0.0






Office

2015 94,720,458 7,745,029 8.2% $30.66

2016 96,078,419 7,620,122 7.9 32.34

2016 Q1 95,096,419 7,803,423 8.2 31.13

2016 Q2 95,338,610 7,700,767 8.1 31.33

2017 Q1 96,479,719 7,713,360 8.0 32.56

2017 Q2 97,906,861 8,205,505 8.4 33.27

% Change

2015-2016 1.4% -1.6% -3.7% 5.5%

Q2 '16-Q2 '17 2.7 6.6 3.7 6.2

Q1 '17-Q2 '17 1.5 6.4 5.0 2.2

Industrial

2015 96,631,047 4,623,423 4.8% $8.81

2016 98,693,691 4,615,273 4.7 9.37

2016 Q1 97,026,679 4,766,937 4.9 8.84

2016 Q2 97,170,679 4,724,709 4.9 8.98

2017 Q1 99,860,728 5,833,130 5.8 9.53

2017 Q2 100,435,024 6,659,934 6.6 9.70

% Change

2015-2016 2.1% -0.2% -2.1% 6.4%

Q2 '16-Q2 '17 3.4 41.0 34.7 8.0

Q1 '17-Q2 '17 0.6 14.2 13.8 1.8





ECONOMIC INDICATORS AUGUST 2017





2015 962,900 787,700 11,869,700 141,843,000 2016 999,800 821,800 12,028,400 144,306,000

2016 YTD 990,917 811,400 11,957,883 143,237,000 2017 YTD 1,020,867 837,717 12,217,050 145,438,333

2016 May 998,600 817,700 12,026,400 144,525,000 2016 Jun 1,003,300 823,300 12,034,800 145,182,000 2017 May 1,026,900 842,500 12,299,100 146,789,000

2017 Jun 1,031,300 847,900 12,348,200 147,388,000 Difference 2015-2016 36,900 34,100 158,700 2,463,000 2016-2017 YTD 29,950 26,317 259,167 2,201,333

Jun ‘16-Jun ‘17 28,000 24,600 313,400 2,206,000 May ‘17-Jun ‘17 4,400 5,400 49,100 599,000

May '17-Jun ‘17 Sea. Adj. 1,400 ― 40,200 222,000 % Change 2015-2016 3.8% 4.3% 1.3% 1.7%

2016-2017 YTD 3.0 3.2 2.2 1.5 Jun ’16-Jun ‘17 2.8 3.0 2.6 1.5

May ’17-Jun ‘17 0.4 0.6 0.4 0.4 May ‘17-Jun ’17 Sea. Adj. 0.1 ― 0.3 0.2


2015 2016 2016 JUN

2017 MAY

2017 JUN

PERCENT CHANGE

2015-2016 JUN ‘16- JUN ‘17

MAY ‘17- JUN ‘17


55,300 59,000 58,900 61,100 62,500 6.7% 6.1% 2.3%


Retail trade 100,300 103,900 103,000 103,900 104,500 3.6 1.5 0.6 Transportation, ware-


Information 27,100 28,400 28,700 27,800 28,000 4.8 -2.4 0.7



Government 175,200 177,900 180,000 184,400 183,400 1.5 1.9 -0.5

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs JUNE 2016 JUNE 2017 DIFFERENCE PERCENT CH. RANK

Fort Lauderdale MDiv 809,500 844,600 35,100 4.3% 1

Orlando MSA 1,192,100 1,239,300 47,200 4.0 2 Las Vegas MSA 945,800 981,000 35,200 3.7 3 Nashville MSA 941,100 975,200 34,100 3.6 4

Tampa MSA 1,281,300 1,327,600 46,300 3.6 5 Jacksonville MSA 661,800 685,400 23,600 3.6 6


Dallas MDiv 2,497,800 2,583,000 85,200 3.4 9 Minneapolis MSA 1,973,700 2,038,100 64,400 3.3 10

Austin MSA 1,003,300 1,031,300 28,000 2.8 17









RATE UNEMP. RATE

SEASONALLY ADJ.

Austin MSA

2015 1,069,742 1,033,620 36,122 3.4% ―

2016 1,110,371 1,074,349 36,022 3.2 ―

2016 YTD 1,101,541 1,067,057 34,484 3.1 ―

2017 YTD 1,132,211 1,093,355 38,856 3.4 ―

2016 May 1,104,558 1,072,177 32,381 2.9 3.1%

2016 Jun 1,113,964 1,075,461 38,503 3.5 3.3

2017 May 1,132,217 1,096,117 36,100 3.2 3.1

2017 Jun 1,135,351 1,096,715 38,636 3.4 2.9

Texas

2015 13,044,089 12,463,031 581,058 4.5% ―

2016 13,284,623 12,671,801 612,822 4.6 ―

2016 YTD 13,223,447 12,630,616 592,831 4.5 ―

2017 YTD 13,460,606 12,816,478 644,128 4.8 ―

2016 May 13,245,519 12,679,140 566,379 4.3 4.7%

2016 Jun 13,319,665 12,656,717 662,948 5.0 4.7

2017 May 13,450,012 12,858,020 591,992 4.4 4.8

2017 Jun 13,464,322 12,833,254 631,068 4.7 4.6

United States

2015 157,130,000 148,834,000 8,296,000 5.3% ―

2016 159,187,000 151,436,000 7,751,000 4.9 ―

2016 YTD 158,650,500 150,749,000 7,901,333 5.0 ―

2017 YTD 159,867,167 152,584,000 7,282,833 4.6 ―

2016 May 158,800,000 151,594,000 7,207,000 4.5 4.7%

2016 Jun 160,135,000 151,990,000 8,144,000 5.1 4.9

2017 May 159,979,000 153,407,000 6,572,000 4.1 4.3

2017 Jun 161,337,000 154,086,000 7,250,000 4.5 4.4

Employment Growth


Difference

2015-2016 40,729 208,770 2,602,000

2016-2017 YTD 26,298 185,862 1,835,000 Jun ’16-Jun ‘17 21,254 176,537 2,096,000

May ’17-Jun ‘17 598 -24,766 679,000

Percent change

2015-2016 3.9% 1.7% 1.7%

2016-2017 YTD 2.5 1.5 1.2 Jun ’16-Jun ‘17 2.0 1.4 1.4

May ’17-Jun ‘17 0.1 -0.2 0.4

Labor Force, Employment & Unemployment by County, June 2017 LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE


Hays 104,241 100,539 3,702 3.6 Travis 693,449 670,849 22,600 3.3

Williamson 279,597 269,680 9,917 3.5





Lowest Unemployment Rates Among the 50 Largest Metros JUNE 2016 JUNE 2017 DIFFERENCE RANK

Denver MSA 3.5% 2.5% -1.0 1

Indianapolis MSA 4.2 2.9 -1.3 2 San Francisco MDiv 3.3 3.1 -0.2 3 Warren MDiv 5.1 3.2 -1.9 4

Nashville MSA 4.2 3.3 -0.9 5 Austin MSA 3.5 3.4 -0.1 6

Silver Spring MDiv 3.7 3.5 -0.2 7 Minneapolis MSA 3.7 3.5 -0.2 8

San Jose MSA 4.0 3.6 -0.4 9 Raleigh MSA 4.5 3.7 -0.8 10




2015 35.5 36.1 34.5 $26.32 $24.47 $25.02 2016 35.4 35.7 34.4 27.27 24.59 25.65

2016 YTD 35.4 35.7 34.3 26.82 24.49 25.53 2017 YTD 35.8 35.7 34.3 28.27 25.24 26.22

2016 May 36.3 36.2 34.6 27.22 24.66 25.68 2016 Jun 35.7 35.8 34.4 26.97 24.31 25.42 2017 May 35.8 35.6 34.3 27.96 25.25 26.15

2017 Jun 36.0 35.8 34.5 27.99 24.98 26.04 % Change 2015-2016 -0.3% -1.1% -0.3% 3.6% 0.5% 2.5% 2016-2017 YTD 1.1 0.0 0.0 5.4 3.1 2.7

Jun ’16-Jun ‘17 0.8 0.0 0.3 3.8 2.8 2.4 May ’17-Jun ‘17 0.6 0.6 0.6 0.1 -1.1 -0.4



2015 747.3 416.3 352.3 300.1 362.6

2016 804.5 442.8 362.2 296.8 381.3 2016 YTD 793.4 436.3 359.3 298.1 377.4

2017 YTD 835.2 459.8 371.9 297.1 390.6 2016 May 799.9 439.7 360.6 297.1 379.4

2016 Jun 803.8 440.8 361.0 295.9 380.7 2017 May 840.5 461.8 373.2 298.5 391.9 2017 Jun 844.0 462.7 374.4 299.1 392.7 % Change 2015-2016 7.7% 6.4% 2.8% -1.1% 5.2%

2016-2017 YTD 5.3 5.4 3.5 -0.3 3.5 Jun ’16-Jun ‘17 5.0 5.0 3.7 1.1 3.2

May ’17-Jun ‘17 0.4 0.2 0.3 0.2 0.2








U.S. CITY AVERAGE





2015 ― 237.0 232.4 2016 ― 240.0 235.7

2016 YTD ― 238.8 234.4 2017 YTD ― 244.1 239.5

2016 May 239.4 240.2 235.8 2016 Jun 239.8 241.0 236.8 2017 May 243.8 244.7 240.0

2017 Jun 243.8 245.0 240.9 % Change 2015-2016 ― 1.3% 1.4% 2016-2017 YTD ― 2.2 2.2

Jun ’16-Jun ‘17 1.7% 1.7 1.7 May ’17-Jun ‘17 0.0 0.1 0.4



CITY OF AUSTIN


CITY OF ROUND ROCK

CITY OF SAN MARCOS

2015 $195,469,522 $211,125,380 $67,767,516 $25,996,406

2016 204,636,966 222,350,799 67,502,228 28,707,576

2016 YTD 118,156,681 127,595,992 38,630,936 16,439,991

2017 YTD 122,971,431 133,698,254 41,708,331 15,835,723

2016 Jun 16,490,959 17,876,077 5,233,904 1,927,096

2016 Jul 16,234,567 17,634,796 5,214,394 2,163,570

2017 Jun 16,231,637 17,789,886 6,058,783 2,030,955

2017 Jul 17,452,322 19,053,725 5,885,360 2,059,756

% Change

2015-2016 4.7% 5.3% -0.4% 10.4%

2016-2017 YTD 4.1 4.8 8.0 -3.7

Jul ’16-Jul ‘17 7.5 8.0 12.9 -4.8

Jun ’17-Jul ‘17 7.5 7.1 -2.9 1.4


TOTAL RETAIL


2015 $96,095,790,268 $2,095,713,995,851 $34,554,019,666 $463,502,246,872

2016 111,914,712,376 2,071,982,892,225 36,878,848,584 475,466,593,929

2015 Q3 24,116,529,732 482,742,925,095 8,674,266,983 112,410,996,319

2015 Q4 27,997,259,808 666,583,767,191 9,817,225,213 134,588,102,280

2016 Q3 25,230,115,411 485,769,025,997 8,856,611,796 119,902,604,988

2016 Q4 29,483,890,754 643,760,876,764 9,437,337,528 133,844,268,894

% Change

2015-2016 16.5% -1.1% 6.7% 2.6%

Q4 '15-Q4 '16 5.3 -3.4 -3.9 -0.6

Q3 '16-Q4 '16 16.9 32.5 6.6 11.6








2015 11,897,959 157,484,666 2016 12,436,849 174,739,682

2015 YTD 6,024,502 82,409,289 2016 YTD 6,584,852 91,337,360

2016 May 1,081,450 13,521,840 2016 Jun 1,135,796 14,482,584

2017 May 1,217,824 15,255,708 2017 Jun 1,279,204 16,197,792 % Change 2015-2016 4.5% 11.0% 2016-2017 YTD 9.3 10.8

Jun ’16-Jun ‘17 12.6 11.8 May ’17-Jun ‘17 5.0 6.2



2015 3,628 28.7%

2016 4,036 30.8 2016 YTD 2,321 31.0

2017 YTD 2,443 31.0 2016 Jun 284 30.1

2016 Jul 267 28.9 2017 Jun 315 30.2

2017 Jul 331 31.1 % Change 2015-2016 11.2% ―

2016-2017 YTD 5.3 ― Jul ’16-Jul ‘17 24.0 ―

Jun ’17-Jul ‘17 5.1 ―





2015 131 $904 $1,995 $74,404 45.3% 1.2%

2016 123 869 1,400 62,748 62.1 1.4 2016 YTD 69 587 902 36,043 65.1 1.6

2017 YTD 60 447 1,039 32,810 43.0 1.4 2016 Q1 35 274 515 15,944 53.2 1.7

2016 Q2 34 313 387 20,099 80.9 1.6 2017 Q1 17 117 236 14,448 49.6 0.8 2017 Q2 43 330 803 18,362 41.1 1.8 % Change 2015-2016 -6.1% -3.9% -29.8% -15.7% — —

2016-2017 YTD -13.0 -23.9 15.2 -9.0 — — Q2 '16-Q2 '17 26.5 5.4 107.5 -8.6 — —

Q1 '17-Q2 '17 152.9 182.1 240.3 27.1 — —




New Privately-Owned Housing Units Authorized by Building Permitsv



Austin MSA

2015 22,370 11,857 10,513 $3,669.933 $2,695.366 $974.567 2016 21,861 13,327 8,534 3,888.082 3,096.226 791.856 2016 YTD 11,154 7,054 4,100 1,999.610 1,634.763 364.847

2017 YTD 14,936 8,304 6,632 2,339.739 1,861.492 478.247 2016 May 1,989 1,264 725 340.173 288.738 51.435

2016 Jun 2,317 1,221 1,096 402.994 281.790 121.204 2017 May 2,463 1,315 1,148 360.440 304.823 55.617

2017 Jun 3,812 1,492 2,320 558.337 342.641 215.696 % Change 2015-2016 -2.3% 12.4% -18.8% 5.9% 14.9% -18.7% 2016-2017 YTD 33.9 17.7 61.8 17.0 13.9 31.1 Jun ’16-Jun ‘17 64.5 22.2 111.7 38.5 21.6 78.0

May ’17-Jun ‘17 54.8 13.5 102.1 54.9 12.4 287.8

United States 2015 1,182,582 695,998 486,584 $223,611.3 $166,276.9 $57,334.4

2016 1,206,642 750,796 455,846 237,101.6 182,207.4 54,894.2 2016 YTD 592,092 381,827 210,265 113,749.4 90,507.4 23,242.0

2017 YTD 632,039 418,128 213,911 127,483.3 100,626.9 26,856.4 2016 May 110,286 70,555 39,731 21,086.8 16,844.8 4,242.1

2016 Jun 117,594 74,991 42,603 22,633.6 17,939.1 4,694.5 2017 May 112,996 78,342 34,654 23,296.1 18,981.1 4,315.0

2017 Jun 127,877 81,789 46,088 25,160.4 19,653.0 5,507.5 % Change 2015-2016 2.0% 7.9% -6.3% 6.0% 9.6% -4.3%

2016-2017 YTD 6.7 9.5 1.7 12.1 11.2 15.6 Jun ’16-Jun ‘17 8.7 9.1 8.2 11.2 9.6 17.3

May ’17-Jun ‘17 13.2 4.4 33.0 8.0 3.5 27.6


NAHB/Wells Fargo Housing Opportunity Index (HOI)vi


MEDIAN SALES PRICE

HOIvii MEDIAN FAMILY INCOME

MEDIAN SALES PRICE



2015 $258,500 60.4 $76,800 $224,250 63.8 $65,800 4.07% 2016 278,500 58.3 77,800 240,000 62.1 65,700 3.88

2015 Q4 266,000 58.4 76,800 226,000 63.3 65,800 4.09 2016 Q1 270,000 59.4 77,800 223,000 65.0 65,700 4.05

2016 Q4 280,000 58.6 77,800 250,000 59.9 65,700 3.84 2017 Q1 285,000 57.5 81,400 245,000 60.3 68,000 4.33 % Change 2015-2016 7.7% -3.5% 1.3% 7.0% -2.7% -0.2% -4.7%

Q1 '16-Q1 '17 5.6 -3.2 4.6 9.9 -7.2 3.5 6.9 Q4 '16-Q1 '17 1.8 -1.9 4.6 -2.0 0.7 3.5 12.8





SALES DOLLAR VOLUME


MONTHS INVENTORY

Austin MSA

2015 31,560 $10,462.24 $331,503 $260,000 5,999 2.0

2016 32,957 11,451.52 347,469 280,000 6,501 2.1

2016 YTD 16,222 5,588.07 340,920 — 6,005 2.2

2017 YTD 16,872 6,232.73 365,809 — 6,990 2.5

2016 May 3,287 1,152.17 350,523 284,000 6,424 2.4

2016 Jun 3,617 1,314.47 363,414 290,000 7,176 2.6

2017 May 3,507 1,339.18 381,860 303,010 7,845 2.8

2017 Jun 3,842 1,478.90 384,929 305,000 8,597 3.1

% Change

2015-2016 4.4% 9.5% 4.8% 7.7% 8.4% 5.0%

2016-2017 YTD 4.0 11.5 7.3 — 16.4 13.6

Jun ’16-Jun ‘17 6.2 12.5 5.9 5.2 19.8 19.2

May ’17-Jun ‘17 9.6 10.4 0.8 0.7 9.6 10.7

United States

2015 5,250,000 1,398,600 $266,400 $222,400 1,760,000 4.8

2016 5,450,000 1,504,200 276,000 233,800 1,650,000 4.4

2016 YTD 2,614,000 706,521 270,283 — 2,003,333 4.4

2017 YTD 2,692,000 764,438 283,967 — 1,843,333 4.0

2016 May 525,000 147,473 280,900 238,900 2,140,000 4.7

2016 Jun 582,000 168,664 289,800 247,600 2,110,000 4.6

2017 May 555,000 163,337 294,300 252,500 1,970,000 4.2

2017 Jun 601,000 182,644 303,900 263,800 1,960,000 4.3

% Change

2015-2016 3.8% 7.6% 3.6% 5.1% -6.3% -8.3%

2016-2017 YTD 3.0 8.2 5.1 — -8.0 -9.1

Jun ’16-Jun ‘17 3.3 8.3 4.9 6.5 -7.1 -6.5

May ’17-Jun ‘17 8.3 11.8 3.3 4.5 -0.5 2.4





Office & Industrial Real Estate Market, Austin MSAviii INVENTORY (SQ. FT.) VACANT (SQ. FT.) VACANCY RATE AVERAGE RENTAL RATE

Office

2015 94,720,458 7,745,029 8.2% $30.66

2016 96,078,419 7,620,122 7.9 32.34

2016 Q1 95,096,419 7,803,423 8.2 31.13

2016 Q2 95,338,610 7,700,767 8.1 31.33

2017 Q1 96,479,719 7,713,360 8.0 32.56

2017 Q2 97,906,861 8,205,505 8.4 33.27

% Change

2015-2016 1.4% -1.6% -3.7% 5.5%

Q2 '16-Q2 '17 2.7 6.6 3.7 6.2

Q1 '17-Q2 '17 1.5 6.4 5.0 2.2

Industrial

2015 96,631,047 4,623,423 4.8% $8.81

2016 98,693,691 4,615,273 4.7 9.37

2016 Q1 97,026,679 4,766,937 4.9 8.84

2016 Q2 97,170,679 4,724,709 4.9 8.98

2017 Q1 99,860,728 5,833,130 5.8 9.53

2017 Q2 100,435,024 6,659,934 6.6 9.70

% Change

2015-2016 2.1% -0.2% -2.1% 6.4%

Q2 '16-Q2 '17 3.4 41.0 34.7 8.0

Q1 '17-Q2 '17 0.6 14.2 13.8 1.8




i These indexes summarize movements in locally measured nonagricultural employment, the unemployment rate, inflation-adjusted wages and inflation-adjusted retail sales. ii The allocation historical summaries show the total dollars returned to a local sales taxing city, county, special purpose district or transit authority by the Comptroller's office for their local sales tax collection. The payments are listed by month and totaled by year. Allocation amounts are dependent upon the timing and accuracy of taxpayers' returns, but generally represent taxes collected on sales made two months or more prior to the allocation payment. iii Total passengers include domestic and international revenue and non-revenue passengers. It is a total of passengers enplaned, deplaned, and through. iv Total cargo includes domestic and international enplaned and deplaned belly freight, mail, and cargo. v January 2015 is not directly comparable to earlier data. The universe of permit issuing places has increased. vi Annual figures are averages of published quarterly data. NAHB does not publish annual values for these series. vii HOI is a measure of the percentage of homes sold in a given area during the quarter that are affordable to families earning that area’s median income. viii Annual numbers are year-end.

ECONOMIC INDICATORS JULY 2017





2015 962,900 787,700 11,869,700 141,843,000 2016 999,800 821,800 12,028,400 144,306,000

2016 YTD 988,440 809,020 11,942,500 142,848,000 2017 YTD 1,018,780 835,680 12,189,900 145,038,200

2016 Apr 995,600 815,700 11,995,400 143,894,000 2016 May 998,600 817,700 12,026,400 144,525,000 2017 Apr 1,025,700 842,300 12,248,000 145,938,000

2017 May 1,026,900 842,500 12,294,500 146,748,000 Difference 2015-2016 36,900 34,100 158,700 2,463,000 2016-2017 YTD 30,340 26,660 247,400 2,190,200

May ‘16-May ‘17 28,300 24,800 268,100 2,223,000 Apr ‘17-May ‘17 1,200 200 46,500 810,000

Apr '17-May ‘17 Sea. Adj. 0 ̶ 14,800 138,000 % Change 2015-2016 3.8% 4.3% 1.3% 1.7%

2016-2017 YTD 3.1 3.3 2.1 1.5 May ’16-May ‘17 2.8 3.0 2.2 1.5

Apr ’17-May ‘17 0.1 0.0 0.4 0.6 Apr ‘17-May ’17 Sea. Adj. 0.0 ̶ 0.1 0.1


2015 2016 2016 MAY

2017 APR

2017 MAY

PERCENT CHANGE

2015-2016 MAY ‘16- MAY ‘17

APR ‘17- MAY ‘17


55,300 59,000 58,300 61,200 61,300 6.7% 5.1% 0.2%

Manufacturing 55,600 55,700 55,600 57,700 57,400 0.2 3.2 -0.5 Wholesale trade 48,100 49,400 49,500 48,900 49,400 2.7 -0.2 1.0

Retail trade 100,300 103,900 102,500 104,100 103,900 3.6 1.4 -0.2 Transportation, ware-

housing, & utilities 16,400 17,600 17,100 18,300 18,200 7.3 6.4 -0.5

Information 27,100 28,400 28,400 27,800 27,700 4.8 -2.5 -0.4



Government 175,200 177,900 180,900 183,400 184,400 1.5 1.9 0.5

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs MAY 2016 MAY 2017 DIFFERENCE PERCENT CH. RANK

Orlando MSA 1,204,300 1,252,300 48,000 4.0% 1

Nashville MSA 945,100 982,600 37,500 4.0 2 Fort Lauderdale MDiv 819,200 850,300 31,100 3.8 3 Dallas MDiv 2,489,300 2,579,700 90,400 3.6 4

Jacksonville MSA 667,500 690,900 23,400 3.5 5 Tampa MSA 1,295,400 1,338,400 43,000 3.3 6

Salt Lake City MSA 698,500 720,700 22,200 3.2 7 Charlotte MSA 1,151,300 1,187,000 35,700 3.1 8


Las Vegas MSA 947,400 974,900 27,500 2.9 11 Austin MSA 998,600 1,026,900 28,300 2.8 12









RATE UNEMP. RATE

SEASONALLY ADJ.

Austin MSA

2015 1,069,742 1,033,620 36,122 3.4% ―

2016 1,110,371 1,074,349 36,022 3.2 ―

2016 YTD 1,099,056 1,065,377 33,680 3.1 ―

2017 YTD 1,131,459 1,092,569 38,890 3.4 ―

2016 Apr 1,103,514 1,071,688 31,826 2.9 3.3%

2016 May 1,104,558 1,072,177 32,381 2.9 3.1

2017 Apr 1,138,102 1,101,947 36,155 3.2 3.3

2017 May 1,131,597 1,095,548 36,049 3.2 3.3

Texas

2015 13,044,089 12,463,031 581,058 4.5% ―

2016 13,284,623 12,671,801 612,822 4.6 ―

2016 YTD 13,204,203 12,625,396 578,807 4.4 ―

2017 YTD 13,459,697 12,812,965 646,732 4.8 ―

2016 Apr 13,236,855 12,672,854 564,001 4.3 4.6%

2016 May 13,245,519 12,679,140 566,379 4.3 4.7

2017 Apr 13,506,876 12,895,129 611,747 4.5 5.0

2017 May 13,449,184 12,857,230 591,954 4.4 4.8

United States

2015 157,130,000 148,834,000 8,296,000 5.3% ―

2016 159,187,000 151,436,000 7,751,000 4.9 ―

2016 YTD 158,353,600 150,500,800 7,852,800 5.0 ―

2017 YTD 159,573,200 152,283,600 7,289,400 4.6 ―

2016 Apr 158,488,000 151,075,000 7,413,000 4.7 5.0%

2016 May 158,800,000 151,594,000 7,207,000 4.5 4.7

2017 Apr 159,817,000 153,262,000 6,555,000 4.1 4.4

2017 May 159,979,000 153,407,000 6,572,000 4.1 4.3

Employment Growth


Difference

2015-2016 40,729 208,770 2,602,000

2016-2017 YTD 27,192 187,569 1,782,800 May ’16-May ‘17 23,371 178,090 1,813,000

Apr ’17-May ‘17 -6,399 -37,899 145,000

Percent change

2015-2016 3.9% 1.7% 1.7%

2016-2017 YTD 2.6 1.5 1.2 May ’16-May ‘17 2.2 1.4 1.2

Apr ’17-May ‘17 -0.6 -0.3 0.1

Labor Force, Employment & Unemployment by County, May 2017 LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE


Hays 103,834 100,458 3,376 3.3 Travis 691,190 669,929 21,261 3.1

Williamson 278,829 269,519 9,310 3.3





Lowest Unemployment Rates Among the 50 Largest Metros MAY 2016 MAY 2017 DIFFERENCE RANK

Nashville MSA 3.4% 2.3% -1.1 1

Denver MSA 3.0 2.3 -0.7 2 San Francisco MDiv 2.8 2.6 -0.3 3 Indianapolis MSA 3.9 2.7 -1.2 4

San Jose MSA 3.5 3.0 -0.5 5 Milwaukee MSA 4.2 3.1 -1.1 6

Warren MDiv 4.2 3.2 -1.1 7 Anaheim MDiv 3.7 3.2 -0.5 8

Austin MSA 2.9 3.2 0.3 9 Minneapolis MSA 3.1 3.2 0.1 10




2015 35.5 36.1 34.5 $26.32 $24.47 $25.02 2016 35.4 35.7 34.4 27.27 24.59 25.65

2016 YTD 35.4 35.7 34.3 26.79 24.52 25.55 2017 YTD 35.9 35.7 34.3 28.34 25.42 26.25

2016 Apr 35.1 35.6 34.3 26.85 24.44 25.60 2016 May 36.3 36.2 34.6 27.22 24.66 25.68 2017 Apr 35.8 35.7 34.6 28.66 25.60 26.43

2017 May 36.9 35.7 34.3 28.02 25.86 26.15 % Change 2015-2016 -0.3% -1.1% -0.3% 3.6% 0.5% 2.5% 2016-2017 YTD 1.4 0.0 0.0 5.8 3.7 2.7

May ’16-May ‘17 1.7 -1.4 -0.9 2.9 4.9 1.8 Apr ’17-May ‘17 3.1 0.0 -0.9 -2.2 1.0 -1.1



2015 748.1 415.7 352.3 300.1 362.8

2016 806.8 442.0 362.3 296.6 381.5 2016 YTD 793.1 434.7 359.0 298.4 376.9

2017 YTD 834.8 458.7 371.3 296.5 390.7 2016 Apr 797.8 436.9 360.3 297.9 378.2

2016 May 802.0 438.9 360.6 297.0 379.5 2017 Apr 837.7 459.3 371.8 297.5 391.8 2017 May 840.5 461.7 373.1 298.2 392.8 % Change 2015-2016 7.8% 6.3% 2.8% -1.2% 5.2%

2016-2017 YTD 5.3 5.5 3.4 -0.6 3.7 May ’16-May ‘17 4.8 5.2 3.5 0.4 3.5

Apr ’17-May ‘17 0.3 0.5 0.3 0.2 0.3








U.S. CITY AVERAGE





2015 ― 237.0 232.4 2016 ― 240.0 235.7

2016 YTD ― 238.3 234.0 2017 YTD ― 243.9 239.3

2016 Apr 238.9 239.3 234.9 2016 May 239.4 240.2 235.8 2017 Apr 244.2 244.5 239.7

2017 May 243.8 244.7 240.0 % Change 2015-2016 ― 1.3% 1.4% 2016-2017 YTD ― 2.3 2.3

May ’16-May ‘17 1.8% 1.9 1.8 Apr ’17-May ‘17 -0.2 0.1 0.1



CITY OF AUSTIN


CITY OF ROUND ROCK

CITY OF SAN MARCOS

2015 $195,469,522 $211,125,380 $67,767,516 $25,996,406

2016 204,636,966 222,350,799 67,502,228 28,707,576

2016 YTD 101,922,115 109,961,196 33,416,542 14,276,420

2017 YTD 105,519,109 114,644,529 35,822,971 13,775,967

2016 May 18,669,714 20,198,023 6,162,190 2,602,274

2016 Jun 16,490,959 17,876,077 5,233,904 1,927,096

2017 May 18,211,084 20,098,638 7,179,094 2,411,595

2017 Jun 16,231,637 17,789,886 6,058,783 2,030,955

% Change

2015-2016 4.7% 5.3% -0.4% 10.4%

2016-2017 YTD 3.5 4.3 7.2 -3.5

Jun ’16-Jun ‘17 -1.6 -0.5 15.8 5.4

May ’17-Jun ‘17 -10.9 -11.5 -15.6 -15.8


TOTAL RETAIL


2015 $96,095,790,268 $2,095,713,995,851 $34,554,019,666 $463,502,246,872

2016 111,914,712,376 2,071,982,892,225 36,878,848,584 475,466,593,929

2015 Q3 24,116,529,732 482,742,925,095 8,674,266,983 112,410,996,319

2015 Q4 27,997,259,808 666,583,767,191 9,817,225,213 134,588,102,280

2016 Q3 25,230,115,411 485,769,025,997 8,856,611,796 119,902,604,988

2016 Q4 29,483,890,754 643,760,876,764 9,437,337,528 133,844,268,894

% Change

2015-2016 16.5% -1.1% 6.7% 2.6%

Q4 '15-Q4 '16 5.3 -3.4 -3.9 -0.6

Q3 '16-Q4 '16 16.9 32.5 6.6 11.6








2015 11,897,959 157,484,666 2016 12,436,849 174,739,682

2015 YTD 4,888,706 67,926,705 2016 YTD 5,305,648 75,139,568

2016 Apr 1,028,337 15,437,873 2016 May 1,081,450 13,521,840

2017 Apr 1,124,625 16,562,736 2017 May 1,217,824 15,255,708 % Change 2015-2016 4.5% 11.0% 2016-2017 YTD 8.5 10.6

May ’16-May ‘17 12.6 12.8 Apr ’17-May ‘17 8.3 -7.9



2015 3,628 28.7%

2016 4,036 30.8 2015 YTD 2,054 31.3

2016 YTD 2,112 30.9 2016 May 408 31.8

2016 Jun 284 30.1 2017 May 421 30.9

2017 Jun 315 30.2 % Change 2015-2016 11.2% ―

2016-2017 YTD 2.8 ― Jun ’16-Jun ‘17 10.9 ―

May ’17-Jun ‘17 -25.2 ―





2015 132 $885.43 $1,913 $74,159 46.3% 1.2%

2016 127 893.19 1,351 59,253 66.1 1.5 2015 Q4 30 151.55 480 14,830 31.6 1.0

2016 Q1 36 273.83 502 15,683 54.5 1.7 2016 Q4 31 131.51 200 12,005 65.8 1.1

2017 Q1 15 113.96 214 13,860 53.3 0.8 % Change 2015-2016 -3.8% 0.9% -29.4% -20.1% — —

Q1 '16-Q1 '17 -58.3 -58.4 -57.4 -11.6 — — Q4 '16-Q1 '17 -51.6 -13.3 7.0 15.5 — —







Austin MSA

2015 22,370 11,857 10,513 $3,669.933 $2,695.366 $974.567 2016 21,861 13,327 8,534 3,888.082 3,096.226 791.856 2016 YTD 8,834 5,830 3,004 1,595.691 1,352.049 243.642

2017 YTD 11,135 6,813 4,322 1,782.374 1,519.129 263.245 2016 Apr 1,501 1,331 170 338.707 316.528 22.179

2016 May 1,989 1,264 725 340.173 288.738 51.435 2017 Apr 2,095 1,297 798 353.512 299.341 54.171

2017 May 2,463 1,315 1,148 360.440 304.823 55.617 % Change 2015-2016 -2.3% 12.4% -18.8% 5.9% 14.9% -18.7% 2016-2017 YTD 26.0 16.9 43.9 11.7 12.4 8.0 May ’16-May ‘17 23.8 4.0 58.3 6.0 5.6 8.1

Apr ’17-May ‘17 17.6 1.4 43.9 2.0 1.8 2.7

United States 2015 1,182,582 695,998 486,584 $223,611.3 $166,276.9 $57,334.4

2016 1,206,642 750,796 455,846 237,101.6 182,207.4 54,894.2 2016 YTD 474,498 306,836 167,662 91,115.8 72,568.3 18,547.5

2017 YTD 502,055 336,410 165,645 102,165.5 81,147.1 21,018.4 2016 Apr 101,876 68,438 33,438 20,074.2 16,348.8 3,725.4

2016 May 110,286 70,555 39,731 21,086.8 16,844.8 4,242.1 2017 Apr 102,633 69,232 33,401 20,910.3 16,830.0 4,080.3

2017 May 112,996 78,342 34,654 23,296.1 18,981.1 4,315.0 % Change 2015-2016 2.0% 7.9% -6.3% 6.0% 9.6% -4.3%

2016-2017 YTD 5.8 9.6 -1.2 12.1 11.8 13.3 May ’16-May ‘17 2.5 11.0 -12.8 10.5 12.7 1.7

Apr ’17-May ‘17 10.1 13.2 3.8 11.4 12.8 5.8




MEDIAN SALES PRICE


MEDIAN SALES PRICE



2015 $258,500 60.4 $76,800 $224,250 63.8 $65,800 4.07% 2016 278,500 58.3 77,800 240,000 62.1 65,700 3.88

2015 Q4 266,000 58.4 76,800 226,000 63.3 65,800 4.09 2016 Q1 270,000 59.4 77,800 223,000 65.0 65,700 4.05

2016 Q4 280,000 58.6 77,800 250,000 59.9 65,700 3.84 2017 Q1 285,000 57.5 81,400 245,000 60.3 68,000 4.33 % Change 2015-2016 7.7% -3.5% 1.3% 7.0% -2.7% -0.2% -4.7%

Q1 '16-Q1 '17 5.6 -3.2 4.6 9.9 -7.2 3.5 6.9 Q4 '16-Q1 '17 1.8 -1.9 4.6 -2.0 0.7 3.5 12.8





SALES DOLLAR VOLUME


MONTHS INVENTORY

Austin MSA

2015 31,560 $10,462.24 $331,503 $260,000 5,999 2.0

2016 32,955 11,450.83 347,469 280,000 6,502 2.1

2016 YTD 12,605 4,273.60 339,040 — 5,771 2.2

2017 YTD 13,104 4,785.80 365,217 — 6,674 2.4

2016 Apr 2,858 978.84 342,492 284,420 6,245 2.3

2016 May 3,287 1,152.17 350,523 284,000 6,424 2.4

2017 Apr 2,875 1,049.67 365,104 299,900 7,342 2.7

2017 May 3,563 1,363.86 382,784 305,000 7,860 2.8

% Change

2015-2016 4.4% 9.4% 4.8% 7.7% 8.4% 5.0%

2016-2017 YTD 4.0 12.0 7.7 — 15.6 9.1

May ’16-May ‘17 8.4 18.4 9.2 7.4 22.4 16.7

Apr ’17-May ‘17 23.9 29.9 4.8 1.7 7.1 3.7

United States

2015 5,250,000 $1,398,600 $266,400 $222,400 1,760,000 4.8

2016 5,450,000 1,504,200 276,000 233,800 1,650,000 4.4

2016 YTD 2,032,000 545,367 268,389 — 1,982,000 4.4

2017 YTD 2,091,000 589,853 282,091 — 1,818,000 3.9

2016 Apr 470,000 128,592 273,600 230,900 2,120,000 4.6

2016 May 525,000 147,473 280,900 238,900 2,140,000 4.7

2017 Apr 447,000 128,647 287,800 245,000 1,920,000 4.1

2017 May 555,000 163,503 294,600 252,800 1,960,000 4.2

% Change

2015-2016 3.8% 7.6% 3.6% 5.1% -6.3% -8.3%

2016-2017 YTD 2.9 8.2 5.1 — -8.3 -11.4

May ’16-May ‘17 5.7 10.9 4.9 5.8 -8.4 -10.6

Apr ’17-May ‘17 24.2 27.1 2.4 3.2 2.1 2.4






Office

2015 94,720,458 7,745,029 8.2% $30.66

2016 96,078,419 7,620,122 7.9 32.34

2016 Q1 95,096,419 7,803,423 8.2 31.13

2016 Q2 95,338,610 7,700,767 8.1 31.33

2017 Q1 96,479,719 7,713,360 8.0 32.56

2017 Q2 97,906,861 8,205,505 8.4 33.27

% Change

2015-2016 1.4% -1.6% -3.7% 5.5%

Q2 '16-Q2 '17 2.7 6.6 3.7 6.2

Q1 '17-Q2 '17 1.5 6.4 5.0 2.2

Industrial

2015 96,631,047 4,623,423 4.8% $8.81

2016 98,693,691 4,615,273 4.7 9.37

2016 Q1 97,026,679 4,766,937 4.9 8.84

2016 Q2 97,170,679 4,724,709 4.9 8.98

2017 Q1 99,860,728 5,833,130 5.8 9.53

2017 Q2 100,435,024 6,659,934 6.6 9.70

% Change

2015-2016 2.1% -0.2% -2.1% 6.4%

Q2 '16-Q2 '17 3.4 41.0 34.7 8.0

Q1 '17-Q2 '17 0.6 14.2 13.8 1.8





ECONOMIC INDICATORS MAY 2017





2015 962,900 787,700 11,869,700 141,843,000 2016 999,800 821,800 12,028,400 144,306,000

2016 YTD 982,667 803,900 11,896,900 141,940,333 2017 YTD 1,014,033 831,467 12,134,800 144,167,000

2016 Feb 984,500 806,000 11,918,100 141,919,000 2016 Mar 988,700 808,200 11,933,200 142,814,000

2017 Feb 1,011,900 829,300 12,144,300 144,279,000 2017 Mar 1,021,400 837,800 12,185,100 144,949,000 Difference 2015-2016 36,900 34,100 158,700 2,463,000 2016-2017 YTD 31,366 27,567 237,900 2,226,667

Mar ‘16-Mar ‘17 32,700 29,600 251,900 2,135,000 Feb ‘17-Mar ‘17 9,500 8,500 40,800 670,000

Feb '17-Mar ‘17 Sea. Adj. 7,600 ̶ 9,500 98,000 % Change 2015-2016 3.8% 4.3% 1.3% 1.7% 2016-2017 YTD 3.2 3.4 2.0 1.6

Mar ’16-Mar ‘17 3.3 3.7 2.1 1.5 Feb ’17-Mar ‘17 0.9 1.0 0.3 0.5 Feb ‘17-Mar ’17 Sea. Adj. 0.7 ̶ 0.1 0.1


2015 2016 2016 MAR

2017 FEB

2017 MAR

PERCENT CHANGE

2015-2016 MAR ‘16- MAR ‘17

FEB ‘17- MAR ‘17


55,300 59,000 57,500 60,300 60,800 6.7% 5.7% 0.8%

Manufacturing 55,600 55,700 55,200 56,300 57,100 0.2 3.4 1.4

Wholesale trade 48,100 49,400 49,100 49,200 49,300 2.7 0.4 0.2 Retail trade 100,300 103,900 102,300 104,100 104,600 3.6 2.2 0.5

Transportation, ware-housing, & utilities

16,400 17,600 17,100 18,200 18,200 7.3 6.4 0.0

Information 27,100 28,400 27,700 28,200 28,100 4.8 1.4 -0.4 Financial activities 54,000 56,700 55,700 56,500 57,200 5.0 2.7 1.2

Prof & business services 161,000 169,200 166,300 169,100 171,300 5.1 3.0 1.3 Ed. & health services 111,900 116,400 115,000 120,200 121,300 4.0 5.5 0.9

Leisure & hospitality 115,500 121,900 119,800 123,100 125,200 5.5 4.5 1.7 Other services 42,700 43,600 42,500 44,100 44,700 2.1 5.2 1.4 Government 175,200 177,900 180,500 182,600 183,600 1.5 1.7 0.5

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs MARCH 2016 MARCH 2017 DIFFERENCE PERCENT CH. RANK

Dallas MDiv 2,458,000 2,558,300 100,300 4.1% 1 Atlanta MSA 2,622,900 2,726,000 103,100 3.9 2

Nashville MSA 936,300 973,000 36,700 3.9 3 Riverside MSA 1,384,800 1,437,200 52,400 3.8 4

Jacksonville MSA 660,600 684,900 24,300 3.7 5 Orlando MSA 1,197,000 1,239,800 42,800 3.6 6

Tampa MSA 1,287,200 1,331,300 44,100 3.4 7 Fort Lauderdale MDiv 817,500 845,300 27,800 3.4 8

Salt Lake City MSA 691,300 714,400 23,100 3.3 9 Austin MSA 988,700 1,021,400 32,700 3.3 10









RATE UNEMP. RATE

SEASONALLY ADJ.

Austin MSA

2015 1,069,742 1,033,620 36,122 3.4% ―

2016 1,110,371 1,074,349 36,022 3.2 ―

2016 YTD 1,095,736 1,061,006 34,730 3.2 ―

2017 YTD 1,129,383 1,088,641 40,742 3.6 ―

2016 Feb 1,096,302 1,061,865 34,437 3.1 3.1%

2016 Mar 1,102,359 1,067,933 34,426 3.1 3.2

2017 Feb 1,128,924 1,086,937 41,987 3.7 3.6

2017 Mar 1,137,320 1,096,064 41,256 3.6 3.6

Texas

2015 13,044,089 12,463,031 581,058 4.5% ―

2016 13,284,623 12,671,801 612,822 4.6 ―

2016 YTD 13,179,547 12,591,662 587,885 4.5 ―

2017 YTD 13,447,198 12,770,549 676,649 5.0 ―

2016 Feb 13,185,966 12,604,648 581,318 4.4 4.6%

2016 Mar 13,239,718 12,648,877 590,841 4.5 4.6

2017 Feb 13,471,275 12,777,787 693,488 5.1 4.9

2017 Mar 13,513,734 12,838,130 675,604 5.0 5.0

United States

2015 157,130,000 148,834,000 8,296,000 5.3% ―

2016 159,187,000 151,436,000 7,751,000 4.9 ―

2016 YTD 158,160,000 149,945,000 8,214,667 5.2 ―

2017 YTD 159,356,667 151,583,000 7,773,333 4.9 ―

2016 Feb 158,279,000 150,060,000 8,219,000 5.2 4.9%

2016 Mar 158,854,000 150,738,000 8,116,000 5.1 5.0

2017 Feb 159,482,000 151,594,000 7,887,000 4.9 4.7

2017 Mar 159,912,000 152,628,000 7,284,000 4.6 4.5

Employment Growth


Difference

2015-2016 40,729 208,770 2,602,000

2016-2017 YTD 27,635 178,887 1,638,000 Mar ‘16-Mar ‘17 28,131 189,253 1,890,000

Feb ‘17-Mar ‘17 9,127 60,343 1,034,000

Percent change

2015-2016 3.9% 1.7% 1.7% 2016-2017 YTD 2.6 1.4 1.1

Mar ‘16-Mar ‘17 2.6 1.5 1.3 Feb ‘17-Mar ‘17 0.8 0.5 0.7

Labor Force, Employment & Unemployment by County, March 2017 LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE

Bastrop 39,786 38,085 1,701 4.3%

Caldwell 18,468 17,601 867 4.7 Hays 104,280 100,508 3,772 3.6

Travis 694,520 670,244 24,276 3.5 Williamson 280,266 269,626 10,640 3.8





Lowest Unemployment Rates Among the 50 Largest Metros MARCH 2016 MARCH 2017 DIFFERENCE RANK

Denver MSA 3.6% 2.4% -1.2% 1

San Francisco MDiv 3.3 2.9 -0.4 2 Boston MDiv 3.6 3.2 -0.4 3

Seattle MDiv 4.3 3.2 -1.1 4 Silver Spring MDiv 3.4 3.4 -0.0 5

Indianapolis MSA 4.7 3.5 -1.2 6 San Jose MSA 4.1 3.6 -0.5 7

Nashville MSA 3.5 3.6 0.1 8 Austin MSA 3.1 3.6 0.5 9 Anaheim MDiv 4.2 3.7 -0.5 10



AVERAGE WEEKLY HOURS AVERAGE HOURLY EARNINGS

AUSTIN MSA TEXAS U.S. AUSTIN MSA TEXAS U.S.

2015 35.5 36.1 34.5 $26.32 $24.47 $25.03 2016 35.4 35.7 34.4 27.27 24.59 25.66

2016 YTD 35.1 35.5 34.2 26.63 24.50 25.49 2017 YTD 35.7 35.6 34.2 28.38 25.22 26.23 2016 Feb 35.2 35.7 34.1 26.60 24.42 25.49

2016 Mar 34.8 35.2 34.2 26.98 24.52 25.49 2017 Feb 35.3 35.4 34.1 28.35 25.16 26.20

2017 Mar 35.6 35.5 34.1 28.08 25.15 26.16 % Change 2015-2016 -0.3% -1.1% -0.3% 3.6% 0.5% 2.5% 2016-2017 YTD 1.7 0.3 0.0 6.6 2.9 2.9

Mar ‘16-Mar ‘17 2.3 0.9 -0.3 4.1 2.6 2.6 Feb ‘17-Mar ‘17 0.8 0.3 0.0 -1.0 0.0 -0.2



2015 747.2 415.1 352.2 300.3 362.9 2016 809.9 441.9 362.7 298.4 382.2

2016 YTD 788.8 431.8 358.4 299.8 376.1 2017 YTD 841.7 460.2 371.5 301.0 391.4 2016 Feb 788.8 432.0 358.6 299.7 376.1

2016 Mar 793.9 433.3 358.9 298.8 377.5 2017 Feb 841.7 460.1 371.1 300.9 391.4

2017 Mar 845.6 461.9 372.5 301.6 392.5 % Change 2015-2016 8.4% 6.5% 3.0% -0.6% 5.3% 2016-2017 YTD 6.7 6.6 3.7 0.4 4.1

Mar ‘16-Mar ‘17 6.5 6.6 3.8 0.9 4.0 Feb ‘17-Mar ‘17 0.5 0.4 0.4 0.2 0.3








U.S. CITY AVERAGE





2015 ― 237.0 232.4 2016 ― 240.0 235.7

2016 YTD ― 237.4 233.1 2017 YTD ― 243.4 238.9

2016 Feb 237.8 237.1 232.8 2016 Mar 238.1 238.1 233.9

2017 Feb 244.5 243.6 239.0 2017 Mar 243.8 243.8 239.1 % Change 2015-2016 ― 1.3% 1.4% 2016-2017 YTD ― 2.5 2.5

Mar ‘16-Mar ‘17 2.4% 2.4 2.2 Feb ‘17-Mar ‘17 -0.3 0.1 0.0



CITY OF AUSTIN


CITY OF ROUND ROCK

CITY OF SAN MARCOS

2015 $195,469,522 $211,125,380 $67,767,516 $25,996,406

2016 204,636,966 222,350,799 67,502,228 28,707,576

2016 YTD 66,761,441 71,887,097 22,020,448 9,747,051

2017 YTD 71,076,389 76,756,005 22,585,094 9,333,418

2016 Mar 15,015,073 16,211,247 5,062,395 2,147,192

2016 Apr 14,931,883 16,141,588 5,033,872 2,098,998

2017 Mar 15,929,384 17,365,770 5,061,697 1,946,495

2017 Apr 16,803,415 18,063,845 4,780,206 1,963,641

% Change

2015-2016 4.7% 5.3% -0.4% 10.4%

2016-2017 YTD 6.5 6.8 2.6 -4.2

Apr ‘16-Apr‘17 12.5 11.9 -5.0 -6.4

Mar ‘17-Apr ‘17 5.5 4.0 -5.6 0.9


TOTAL RETAIL


2014 $93,766,441,000 $2,281,461,770,841 $33,561,888,850 $470,797,259,394

2015 96,089,631,677 2,108,026,660,189 34,550,379,564 464,752,253,041

2015 YTD 68,099,616,608 1,429,261,084,784 24,738,327,993 329,045,514,738

2016 YTD 82,404,289,452 1,406,546,769,773 27,437,155,018 333,566,108,466

2015 Q2 22,762,614,198 481,949,189,080 8,269,312,390 111,302,155,210

2015 Q3 24,116,090,401 482,823,056,700 8,674,282,568 112,490,551,319

2016 Q2 24,803,429,212 479,432,828,238 8,893,010,496 110,448,517,171

2016 Q3 25,209,653,668 464,052,789,024 8,852,524,696 111,661,027,990

% Change

2014-2015 2.5% -7.6% 2.9% -1.3%

YTD 2015-2016 21.0 -1.6 10.9 1.4

Q3 '15-Q3 '16 4.5 -3.9 2.1 -0.7

Q2 '16-Q3 '16 1.6 -3.2 -0.5 1.1








2015 11,897,959 157,484,666

2016 12,436,849 174,739,682 2015 YTD 2,778,919 38,966,992

2016 YTD 2,963,199 43,321,124 2016 Feb 839,213 11,948,393

2016 Mar 1,066,146 14,850,968 2017 Feb 885,325 13,540,149 2017 Mar 1,156,928 16,197,427 % Change 2015-2016 4.5% 11.0%

2016-2017 YTD 6.6 11.2 Mar ‘16-Mar ‘17 8.5 9.1

Feb ‘17-Mar ‘17 30.7 19.6



2015 3,628 28.7%

2016 4,036 30.8 2015 YTD 1,362 31.4

2016 YTD 1,376 31.1 2016 Mar 414 31.2

2016 Apr 360 32.3 2017 Mar 326 30.6

2017 Apr 357 33.3 % Change 2015-2016 11.2% ―

2016-2017 YTD 1.0 ― Apr ‘16-Apr‘17 -0.8 ―

Mar ‘17-Apr ‘17 9.5 ―





2015 132 $885.43 $1,913 $74,159 46.3% 1.2% 2016 127 893.19 1,351 59,253 66.1 1.5

2015 Q4 30 151.55 480 14,830 31.6 1.0 2016 Q1 36 273.83 502 15,683 54.5 1.7

2016 Q4 31 131.51 200 12,005 65.8 1.1 2017 Q1 15 113.96 214 13,860 53.3 0.8 % Change 2015-2016 -3.8% 0.9% -29.4% -20.1% — — Q1 '16-Q1 '17 -58.3 -58.4 -57.4 -11.6 — —

Q4 '16-Q1 '17 -51.6 -13.3 7.0 15.5 — —







Austin MSA 2015 22,119 11,574 10,545 $3,635.556 $2,658.855 $976.701

2016 22,242 13,609 8,633 3,916.694 3,120.414 796.280 2016 YTD 5,351 3,242 2,109 916.286 746.257 170.029

2017 YTD 6,631 4,255 2,376 1,080.231 926.774 153.457 2016 Feb 1,586 1,027 559 272.822 229.226 43.596

2016 Mar 2,325 1,490 835 401.034 346.957 54.077 2017 Feb 2,134 1,147 987 321.813 253.054 68.759

2017 Mar 2,594 1,805 789 430.331 390.120 40.211 % Change 2015-2016 0.6% 17.6% -18.1% 7.7% 17.4% -18.5%

2016-2017 YTD 23.9 31.2 12.7 17.9 24.2 -9.7 Mar ‘16-Mar‘17 11.6 21.1 -5.5 7.3 12.4 -25.6

Feb ‘17-Mar ‘17 21.6 57.4 -20.1 33.7 54.2 -41.5

United States 2015 1,182,582 695,998 486,584 $223,611.3 $166,276.9 $57,334.4

2016 1,190,191 745,525 444,666 232,748.1 179,149.9 53,598.3 2016 YTD 256,970 166,210 90,760 49,954.8 39,374.8 10,580.0

2017 YTD 285,906 188,593 97,313 57,572.1 45,125.1 12,446.9 2016 Feb 84,477 53,044 31,433 16,412.6 12,570.0 3,842.6

2016 Mar 97,717 67,487 30,230 19,300.3 15,903.7 3,396.6 2017 Feb 84,772 57,793 26,979 17,573.4 13,877.4 3,696.0

2017 Mar 112,499 77,088 35,411 22,864.2 18,307.6 4,556.6 % Change 2015-2016 0.6% 7.1% -8.6% 4.1% 7.7% -6.5%

2016-2017 YTD 11.3 13.5 7.2 15.2 14.6 17.6 Mar ‘16-Mar‘17 15.1 14.2 17.1 18.5 15.1 34.2

Feb ‘17-Mar ‘17 32.7 33.4 31.3 30.1 31.9 23.3




MEDIAN SALES PRICE


MEDIAN SALES PRICE



2014 $258,500 60.4 $76,800 $224,250 63.8 $65,800 4.07% 2015 278,500 58.3 77,800 240,000 62.1 65,700 3.88

2015 Q3 261,000 59.1 76,800 231,000 62.2 65,800 4.18 2015 Q4 266,000 58.4 76,800 226,000 63.3 65,800 4.09 2016 Q3 280,000 58.7 77,800 247,000 61.4 65,700 3.76

2016 Q4 280,000 58.6 77,800 250,000 59.9 65,700 3.84 % Change 2014-2015 7.7% -3.5% 1.3% 7.0% -2.7% -0.2% -4.7% Q4 '15-Q4 '16 5.3 0.3 1.3 10.6 -5.4 -0.2 -6.1

Q3 '16-Q4 '16 0.0 -0.2 0.0 1.2 -2.4 0.0 2.1





SALES DOLLAR VOLUME


MONTHS INVENTORY

Austin MSA

2015 31,560 $10,462.24 $331,503 $260,000 5,999 2.0

2016 32,943 11,447.98 347,509 280,000 6,506 2.1

2016 YTD 6,460 2,142.59 331,670 — 5,395 2.0

2017 YTD 6,711 2,390.52 356,209 — 6,090 2.2

2016 Feb 2,021 656.52 324,850 264,700 5,277 2.0

2016 Mar 2,818 963.67 341,969 275,000 5,844 2.2

2017 Feb 2,111 743.25 352,083 285,000 5,892 2.1

2017 Mar 2,864 1,047.20 365,642 291,750 6,795 2.5

% Change

2015-2016 4.4% 9.4% 4.8% 7.7% 8.5% 5.0%

2016-2017 YTD 3.9 11.6 7.4 — 12.9 10.0

Mar ‘16-Mar‘17 1.6 8.7 6.9 6.1 16.3 13.6

Feb ‘17-Mar ‘17 35.7 40.9 3.9 2.4 15.3 19.0

United States

2015 5,250,000 $1,398,600 $266,400 $222,400 1,760,000 4.8

2016 5,450,000 1,504,200 276,000 233,800 1,650,000 4.4

2016 YTD 1,037,000 269,302 259,693 — 1,883,333 4.2

2017 YTD 1,090,000 297,891 273,294 — 1,746,667 3.7

2016 Feb 314,000 80,164 255,300 212,100 1,870,000 4.3

2016 Mar 421,000 111,312 264,400 221,400 1,960,000 4.4

2017 Feb 315,000 84,924 269,600 228,200 1,730,000 3.8

2017 Mar 456,000 126,996 278,500 236,400 1,830,000 3.8

% Change

2015-2016 3.8% 7.6% 3.6% 5.1% -6.3% -8.3%

2016-2017 YTD 5.1 10.6 5.2 — -7.3 -11.9

Mar ‘16-Mar‘17 8.3 14.1 5.3 6.8 -6.6 -13.6

Feb ‘17-Mar ‘17 44.8 49.5 3.3 3.6 5.8 0.0






Office

2015 94,821,585 7,686,917 8.1% $30.69

2016 96,181,762 7,581,602 7.9 32.35

2015 Q4 94,821,585 7,686,917 8.1 30.69

2016 Q1 95,197,546 7,727,772 8.1 31.17

2016 Q4 96,181,762 7,581,602 7.9 32.35

2017 Q1 96,479,446 7,643,350 7.9 32.50

% Change

2015-2016 1.4% -1.4% -2.5% 5.4%

Q1 '16-Q1 '17 1.3 -1.1 -2.5 4.3

Q4 '16-Q1 '17 0.3 0.8 0.0 0.5

Industrial

2015 96,348,943 4,641,723 4.8% $8.84

2016 98,375,716 4,668,953 4.7 9.30

2015 Q4 96,348,943 4,641,723 4.8 8.84

2016 Q1 96,744,575 4,779,637 4.9 8.87

2016 Q4 98,375,716 4,668,953 4.7 9.30

2017 Q1 99,507,753 5,996,907 6.0 9.50

% Change

2015-2016 2.1% 0.6% -2.1% 5.2%

Q1 '16-Q1 '17 2.9 25.5 22.4 7.1

Q4 '16-Q1 '17 1.2 28.4 27.7 2.2








Austin MSA Texas United States

Total Private Total Total

2014 917,500 747,500 11,559,200 138,958,000

2015 959,300 787,500 11,838,300 141,865,000

2015 YTD 957,009 785,455 11,822,873 141,660,636

2016 YTD 991,045 817,073 12,013,809 144,153,818

2015 Oct 977,100 803,200 11,949,100 143,689,000

2015 Nov 985,500 810,300 11,998,100 144,122,000

2016 Oct 999,400 823,300 12,157,400 145,920,000

2016 Nov 1,005,000 827,500 12,210,700 146,399,000

Difference

2014-2015 41,800 40,000 279,100 2,907,000

YTD 2015-2016 34,036 31,618 190,936 2,493,182

Nov ‘15-Nov ‘16 19,500 17,200 212,600 2,277,000

Oct ‘16-Nov ‘16 5,600 4,200 53,300 479,000

Oct '16-Nov ‘16 Sea. Adj. 1,500 ̶ 20,900 178,000

% Change

2014-2015 4.6% 5.4% 2.4% 2.1%

YTD 2015-2016 3.6 4.0 1.6 1.8

Nov ‘15-Nov ‘16 2.0 2.1 1.8 1.6

Oct ‘16-Nov ‘16 0.6 0.5 0.4 0.3

Oct '16-Nov ‘16 Sea. Adj. 0.2 ̶ 0.2 0.1


2014 2015 2015 Nov

2016 Oct

2016 Nov

Percent Change

2014-2015 Nov ‘15- Nov ‘16

Oct ‘16- Nov ‘16


50,700 55,600 58,000 60,800 61,800 9.7% 6.6% 1.6%

Manufacturing 57,700 57,600 57,600 53,500 53,900 -0.2 -6.4 0.7

Wholesale trade 45,300 48,600 50,800 53,100 52,300 7.3 3.0 -1.5

Retail trade 97,600 100,200 105,200 103,900 107,100 2.7 1.8 3.1

Transportation, ware-housing, & utilities

15,600 16,100 16,300 16,700 16,900 3.2 3.7 1.2

Information 25,200 26,900 27,300 27,900 28,000 6.7 2.6 0.4

Financial activities 51,900 53,700 55,000 57,500 57,100 3.5 3.8 -0.7

Prof & business services 150,400 161,300 167,300 169,800 169,800 7.2 1.5 0.0

Ed. & health services 106,400 111,500 112,500 117,000 117,300 4.8 4.3 0.3

Leisure & hospitality 107,100 115,300 119,000 120,400 120,400 7.7 1.2 0.0

Other services 39,600 40,700 41,300 42,700 42,900 2.8 3.9 0.5

Government 170,000 171,800 175,200 176,100 177,500 1.1 1.3 0.8

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs

November 2015 November 2016 Difference Percent ch. Rank

Orlando MSA 1,185,400 1,238,500 53,100 4.5% 1

Fort Lauderdale MDiv 815,200 845,900 30,700 3.8 2

Dallas MDiv 2,470,400 2,560,100 89,700 3.6 3

Seattle MDiv 1,619,800 1,678,600 58,800 3.6 4

Jacksonville MSA 662,700 686,400 23,700 3.6 5

Salt Lake City MSA 688,900 713,300 24,400 3.5 6

San Jose MSA 1,066,500 1,101,800 35,300 3.3 7

Denver MSA 1,414,800 1,458,200 43,400 3.1 8

St. Louis MSA 1,359,100 1,400,600 41,500 3.1 9

Sacramento MSA 930,000 956,200 26,200 2.8 10

Austin MSA 985,500 1,005,000 19,500 2.0 25








Labor Force Employment Unemployment Unemployment Rate Unemp. Rate

Seasonally adj.

Austin MSA

2014 1,047,650 1,003,553 44,097 4.2% ―

2015 1,069,773 1,033,725 36,048 3.4 ―

2015 YTD 1,068,517 1,032,166 36,351 3.4 ―

2016 YTD 1,102,365 1,067,003 35,361 3.2 ―

2015 Oct 1,080,815 1,045,162 35,653 3.3 3.3%

2015 Nov 1,087,165 1,052,314 34,851 3.2 3.3

2016 Oct 1,105,764 1,070,426 35,338 3.2 3.2

2016 Nov 1,112,370 1,078,664 33,706 3.0 3.0

Texas

2014 13,022,851 12,358,703 664,148 5.1% ―

2015 13,078,304 12,494,350 583,954 4.5 ―

2015 YTD 13,072,976 12,486,545 586,431 4.5 ―

2016 YTD 13,308,333 12,702,466 605,866 4.6 ―

2015 Oct 13,114,424 12,531,868 582,556 4.4 4.5%

2015 Nov 13,147,382 12,564,078 583,304 4.4 4.6

2016 Oct 13,334,552 12,749,955 584,597 4.4 4.7

2016 Nov 13,391,218 12,824,325 566,893 4.2 4.6

United States

2014 155,922,000 146,305,000 9,617,000 6.2% ―

2015 157,130,000 148,834,000 8,296,000 5.3 ―

2015 YTD 157,119,455 148,754,364 8,364,909 5.3 ―

2016 YTD 159,207,091 151,402,909 7,803,818 4.9 ―

2015 Oct 157,313,000 149,716,000 7,597,000 4.8 5.0%

2015 Nov 157,340,000 149,766,000 7,573,000 4.8 5.0

2016 Oct 159,783,000 152,335,000 7,447,000 4.7 4.9

2016 Nov 159,451,000 152,385,000 7,066,000 4.4 4.6

Employment Growth


Difference

2014-2015 30,172 135,647 2,529,000

YTD 2015-2016 34,837 215,921 2,648,545

Nov ‘15-Nov ‘16 26,350 260,247 2,619,000

Oct ‘16-Nov ‘16 8,238 74,370 50,000

Percent change

2014-2015 3.0% 1.1% 1.7%

YTD 2015-2016 3.4 1.7 1.8

Nov ‘15-Nov ‘16 2.5 2.1 1.7

Oct ‘16-Nov ‘16 0.8 0.6 0.0

Labor Force, Employment & Unemployment by County, November 2016

Labor Force Employment Unemployment Unemployment Rate

Bastrop 38,564 37,267 1,297 3.4%

Caldwell 18,160 17,464 696 3.8

Hays 99,809 96,691 3,118 3.1

Travis 684,466 664,352 20,114 2.9

Williamson 271,371 262,890 8,481 3.1





Lowest Unemployment Rates Among the 50 Largest Metros

November 2015 November 2016 Difference Rank

Boston NECTADiv 3.9% 2.2% -1.7 1

Denver MSA 3.1 2.6 -0.5 2

San Francisco MDiv 3.3 3.0 -0.4 3

Minneapolis MSA 2.9 3.0 0.1 4

Austin MSA 3.2 3.0 -0.2 5

Silver Spring MDiv 3.8 3.2 -0.6 6

Dallas MDiv 3.8 3.4 -0.4 7

San Antonio MSA 3.7 3.5 -0.2 8

San Jose MSA 4.1 3.6 -0.5 9

Fort Worth MDiv 4.1 3.6 -0.5 10



Average Weekly Hours Average Hourly Earnings Austin MSA Texas U.S. Austin MSAi Texas U.S.

2014 36.0 36.5 34.5 $26.25 $23.86 $24.47

2015 35.5 36.1 34.5 26.32 24.46 25.03

2015 YTD 35.6 36.2 34.5 NA 24.47 25.01

2016 YTD 35.5 35.7 34.4 NA 24.55 25.63

2015 Oct 34.9 35.7 34.5 NA 24.56 25.16

2015 Nov 35.7 36.4 34.8 NA 24.68 25.39

2016 Oct 36.7 36.3 34.8 NA 25.03 26.05

2016 Nov 35.3 35.5 34.3 NA 24.71 25.85

% Change

2014-2015 -1.4% -1.1% 0.0% 0.3% 2.5% 2.3%

YTD 2015-2016 -0.3 -1.2 -0.5 NA 0.3 2.5

Nov ‘15-Nov ‘16 -1.1 -2.5 -1.4 NA 0.1 1.8

Oct ‘16-Nov ‘16 -3.8 -2.2 -1.4 NA -1.3 -0.8


Metro Business Cycle Index, Oct. 1980=100, Seasonally Adjustedii

Austin Dallas Ft. Worth Houston San Antonio

2014 682.7 387.3 338.9 292.2 337.2

2015 750.7 414.8 352.0 300.4 359.1

2015 YTD 748.0 413.7 351.6 300.5 358.3

2016 YTD 802.4 437.6 360.3 297.6 373.6

2015 Oct 770.1 422.7 354.8 300.3 364.7

2015 Nov 775.1 424.3 355.1 299.2 366.2

2016 Oct 815.2 445.7 365.1 298.1 376.5

2016 Nov 818.0 448.1 366.6 298.1 377.6

% Change

2014-2015 10.0% 7.1% 3.9% 2.8% 6.5%

YTD 2015-2016 7.3 5.8 2.5 -1.0 4.3

Nov ‘15-Nov‘16 5.5 5.6 3.2 -0.4 3.1

Oct ‘16-Nov ‘16 0.3 0.5 0.4 0.0 0.3








U.S. city average

Seasonally adjusted U.S. city average

Not seasonally adjusted South urban average, size class A

Not seasonally adjusted

2014 ― 236.7 231.9

2015 ― 237.0 232.4

2015 YTD ― 237.1 232.4

2016 YTD ― 239.9 235.6

2015 Oct 237.9 237.8 233.3

2015 Nov 238.3 237.3 232.9

2016 Oct 241.9 241.7 237.3

2016 Nov 242.3 241.4 237.4

% Change

2014-2015 ― 0.1% 0.2%

YTD 2015-2016 ― 1.2 1.4

Nov ‘15-Nov ‘16 1.7% 1.7 1.9

Oct ‘16-Nov ‘16 0.2 -0.2 0.1


Local Sales Tax Allocationsiii

City of Austin

Austin Metropolitan Transit Authority

City of Round Rock

City of San Marcos

2015 $195,469,522 $211,125,380 $67,767,516 $25,996,406

2016 204,636,966 222,350,799 67,502,228 28,707,576

2015 Nov 17,931,048 19,366,968 5,733,164 2,109,260

2015 Dec 15,480,992 17,106,618 5,256,395 2,031,944

2016 Nov 18,107,386 19,800,875 5,760,694 2,346,405

2016 Dec 16,299,699 17,763,660 5,515,046 2,072,726

% Change

2015-2016 4.7% 5.3% -0.4% 10.4%

Dec ‘15-Dec‘16 5.3 3.8 4.9 2.0

Nov ‘16-Dec ‘16 -10.0 -10.3 -4.3 -11.7


Total Retail

Austin MSA Texas Austin MSA Texas

2014 $93,740.8 $2,281,461.8 $33,559.2 $469,285.4

2015 102,670.4 2,118,160.7 41,176.1 470,376.9

2015 YTD 43,966.3 946,438.0 16,061.9 215,421.4

2016 YTD 56,892.1 910,299.9 18,400.5 220,128.2

2015 Q1 21,213.7 464,488.8 7,793.8 104,746.6

2015 Q2 22,752.6 481,949.2 8,268.1 110,674.8

2016 Q1 32,353.5 462,789.1 9,688.3 110,978.2

2016 Q2 24,538.6 447,510.8 8,712.2 109,150.0

% Change

2014-2015 9.5% -7.2% 22.7% 0.2%

YTD 2015-2016 29.4 -3.8 14.6 2.2

Q2 '15-Q2 '16 7.8 -7.1 5.4 -1.4

Q1 '16-Q2 '16 -24.2 -3.3 -10.1 -1.6







Austin-Bergstrom International Airport Activity

Passengersiv Cargo (lbs.)v

2014 10,718,854 155,440,494

2015 11,897,959 157,484,666

2015 YTD 10,868,156 143,836,870

2016 YTD 11,402,782 158,381,325

2015 Oct 1,044,747 16,118,511

2015 Nov 1,036,223 11,528,587

2016 Oct 1,101,284 16,854,782

2016 Nov 1,070,567 15,308,107

% Change

2014-2015 11.0% 1.3%

YTD 2015-2016 4.9 10.1

Nov ‘15-Nov ‘16 3.3 32.8

Oct ‘16-Nov ‘16 -2.8 -9.2


Patent Activity

Austin MSA Percent of Texas Patents Issued

2015 3,628 28.7%

2016 4,036 30.8

2015 Nov 281 28.0

2015 Dec 320 27.6

2016 Nov 418 31.5

2016 Dec 281 29.1

% Change

2015-2016 11.2% ―

Dec ‘15-Dec ‘16 -12.2 ―

Nov ‘16-Dec ‘16 -32.8 ―



Austin MSA Texas United States Austin as a % of

Deals Investment (mil.) Investment (mil.) Investment (mil.) Texas United States

2014 111 $615.08 $1,420.72 $51,150.77 43.3% 1.2%

2015 105 768.46 1,196.16 60,108.05 64.2 1.3

2015 YTD 87 650.82 973.86 47,772.91 66.8 1.4

2016 YTD 74 415.76 1,009.36 38,838.94 41.2 1.1

2015 Q2 28 162.75 209.96 17,435.15 77.5 0.9

2015 Q3 26 210.21 340.31 16,713.97 61.8 1.3

2016 Q2 25 157.08 199.35 15,570.44 78.8 1.0

2016 Q3 24 120.42 211.16 10,626.88 57.0 1.1

% Change

2014-2015 -5.4% 24.9% -15.8% 17.5% — —

YTD 2015-2016 -14.9 -36.1 3.6 -18.7 — —

Q3 '15-Q3 '16 -7.7 -42.7 -38.0 -36.4 — —

Q2 '16-Q3 '16 -4.0 -23.3 5.9 -31.7 — —

Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, http://nvca.org/research/venture-investment/.



New Privately-Owned Housing Units Authorized by Building Permitsvi

Number of housing units Valuation (millions)

Total Single-family Multifamily Total Single-family Multifamily

Austin MSA

2014 19,949 11,515 8,434 $3,235.961 $2,571.504 $664.457

2015 22,119 11,574 10,545 3,635.556 2,658.855 976.701

2015 YTD 19,092 10,705 8,387 3,241.712 2,443.154 798.558

2016 YTD 20,559 12,469 8,090 3,559.942 2,859.863 700.079

2015 Oct 1,440 993 447 281.577 235.765 45.812

2015 Nov 1,318 753 565 252.805 180.528 72.277

2016 Oct 1,141 1,107 34 258.864 255.112 3.752

2016 Nov 1,713 874 839 313.169 206.251 106.918

% Change

2014-2015 10.9% 0.5% 25.0% 12.3% 3.4% 47.0%

YTD 2015-2016 7.7 16.5 -3.5 9.8 17.1 -12.3

Nov ‘15-Nov ‘16 30.0 16.1 48.5 49.6 16.2 235.1

Oct ‘16-Nov ‘16 50.1 -21.0 2367.6 21.0 -19.2 2749.6

United States

2014 1,052,124 640,318 411,806 $194,349.7 $149,633.4 $44,716.3

2015 1,182,582 695,998 486,584 223,611.3 166,276.9 57,334.4

2015 YTD 1,085,050 644,737 440,313 201,512.7 150,052.1 51,460.6

2016 YTD 1,096,905 690,836 406,069 214,833.9 165,875.4 48,958.5

2015 Oct 98,213 59,419 38,794 18,408.5 14,113.1 4,295.4

2015 Nov 90,073 49,283 40,790 17,054.4 11,784.4 5,270.0

2016 Oct 100,702 61,563 39,139 19,534.5 14,807.1 4,727.4

2016 Nov 91,254 55,887 35,367 18,147.5 13,637.2 4,510.3

% Change

2014-2015 12.4% 8.7% 18.2% 15.1% 11.1% 28.2%

YTD 2015-2016 1.1 7.2 -7.8 6.6 10.5 -4.9

Nov ‘15-Nov ‘16 1.3 13.4 -13.3 6.4 15.7 -14.4

Oct ‘16-Nov ‘16 -9.4 -9.2 -9.6 -7.1 -7.9 -4.6


NAHB/Wells Fargo Housing Opportunity Index (HOI)vii

Austin MSA United States

Median sales price

HOIviii Median family income

Median sales price

HOI Median family income

Weighted interest rate

2014 $244,500 59.9 $75,400 $211,200 63.2 $63,900 4.41%

2015 258,500 60.4 76,800 224,250 63.8 65,800 4.07

2015 Q2 262,000 59.6 76,800 230,000 63.2 65,800 3.99

2015 Q3 261,000 59.1 76,800 231,000 62.2 65,800 4.18

2016 Q2 284,000 56.3 77,800 240,000 62.0 65,700 3.88

2016 Q3 280,000 58.7 77,800 247,000 61.4 65,700 3.76

% Change

2014-2015 5.7% 0.8% 1.9% 6.2% 0.9% 3.0% -7.7%

Q3 '15-Q3 '16 7.3 -0.7 1.3 6.9 -1.3 -0.2 -10.0

Q2 '16-Q3 '16 -1.4 4.3 0.0 2.9 -1.0 0.0 -3.1





Sales Dollar volume

(millions) Average price Median price Total listings Months inventory

Austin MSA

2014 30,150 $9,269.54 $307,447 $240,000 5,654 2.0

2015 31,553 10,458.38 331,454 260,000 5,989 1.9

2015 YTD 28,986 9,565.05 329,989 ̶ 6,068 2.4

2016 YTD 30,153 10,479.83 347,555 ̶ 6,579 2.4

2015 Oct 2,529 853.17 337,354 253,000 6,591 2.5

2015 Nov 1,958 674.06 344,261 270,000 5,939 2.3

2016 Oct 2,451 862.04 351,710 275,000 7,183 2.7

2016 Nov 2,292 841.02 366,938 290,000 6,456 2.4

% Change

2014-2015 4.7% 12.8% 7.8% 8.3% 5.9% -5.0%

YTD 2015-2016 4.0 9.6 5.3 — 8.4 3.9

Nov ‘15-Nov ‘16 17.1 24.8 6.6 7.4 8.7 4.3

Oct ‘16-Nov ‘16 -6.5 -2.4 4.3 5.5 -10.1 -11.1

United States

2014 4,940,000 $1,261,182 $255,300 $208,300 1,860,000 5.2

2015 5,250,000 1,398,600 266,400 222,400 1,760,000 4.8

2015 YTD 4,818,000 1,282,724 266,236 ̶ 2,126,364 4.9

2016 YTD 5,012,000 1,384,322 276,201 ̶ 2,002,727 4.4

2015 Oct 443,000 112,566 254,100 207,500 2,240,000 5.2

2015 Nov 351,000 89,084 253,800 207,200 2,080,000 5.0

2016 Oct 445,000 122,598 275,500 234,100 2,010,000 4.3

2016 Nov 415,000 114,872 276,800 234,900 1,850,000 4.0

% Change

2014-2015 6.3% 10.9% 4.3% 6.8% -5.4% -7.7%

YTD 2015-2016 4.0 7.9 3.7 ̶ -5.8 -9.3

Nov ‘15-Nov ‘16 18.2 24.1 4.9 6.8 -9.3 -20.0

Oct ‘16-Nov ‘16 -6.7 -6.3 0.5 0.3 -8.0 -7.0





Office & Industrial Real Estate Marketix

Austin MSA

Inventory (sq. ft.) Vacant (sq. ft.) Vacancy rate Average rental rate

Office

2015 94,712,424 7,763,149 8.2% $30.66

2016 96,038,695 7,613,631 7.9 32.31

2015 Q3 93,832,502 7,792,848 8.3 30.23

2015 Q4 94,712,424 7,763,149 8.2 30.66

2016 Q3 95,710,468 7,753,981 8.1 32.71

2016 Q4 96,038,695 7,613,631 7.9 32.31

% Change

2015-2016 1.4% -1.9% -3.7% 5.4%

Q4 '15-Q4 '16 1.4 -1.9 -3.7 5.4

Q3 '16-Q4 '16 0.3 -1.8 -2.5 -1.2

Industrial

2015 95,996,817 4,630,661 4.8% $8.84

2016 97,966,250 4,708,504 4.8 9.27

2015 Q3 95,845,517 5,205,380 5.4 8.70

2015 Q4 95,996,817 4,630,661 4.8 8.84

2016 Q3 97,773,685 4,306,467 4.4 9.31

2016 Q4 97,966,250 4,708,504 4.8 9.27

% Change

2015-2016 2.1% 1.7% 0.0% 4.9%

Q4 '15-Q4 '16 2.1 1.7 0.0 4.9

Q3 '16-Q4 '16 0.2 9.3 9.1 -0.4



Updated files are available on or about the first Wednesday of every month. i As of December 16, 2016, monthly data for this series has been suppressed in the LABSTAT database from October 2012 through November 2016. BLS plans to release corrected data in the BLS online database concurrent with the CES State and Area benchmark revisions release on March 13, 2017. ii These indexes summarize movements in locally measured nonagricultural employment, the unemployment rate, inflation-adjusted wages and inflation-adjusted retail sales. iii The allocation historical summaries show the total dollars returned to a local sales taxing city, county, special purpose district or transit authority by the Comptroller's office for their local sales tax collection. The payments are listed by month and totaled by year. Allocation amounts are dependent upon the timing and accuracy of taxpayers' returns, but generally represent taxes collected on sales made two months or more prior to the allocation payment. iv Total passengers include domestic and international revenue and non-revenue passengers. It is a total of passengers enplaned, deplaned, and through. v Total cargo includes domestic and international enplaned and deplaned belly freight, mail, and cargo. vi January 2015 is not directly comparable to earlier data. The universe of permit issuing places has increased. vii Annual figures are averages of published quarterly data. NAHB does not publish annual values for these series. viii HOI is a measure of the percentage of homes sold in a given area during the quarter that are affordable to families earning that area’s median income. ix Annual numbers are year-end.

ECONOMIC INDICATORS APRIL 2016





2014 917,500 747,500 11,559,200 138,958,000

2015 959,300 787,500 11,838,300 141,865,000

2015 YTD 933,200 760,900 11,678,900 138,927,000

2016 YTD 974,750 800,400 11,859,300 141,580,000

2015 Jan 928,200 756,500 11,637,600 138,511,000

2015 Feb 938,200 765,300 11,720,200 139,343,000

2016 Jan 971,500 797,800 11,825,700 141,155,000

2016 Feb 978,000 803,000 11,892,900 142,005,000

Difference

2014-2015 41,800 40,000 279,100 2,907,000

YTD 2015-2016 41,550 39,500 180,400 2,653,000

Feb ‘15-Feb‘16 39,800 37,700 172,700 2,662,000

Jan‘16-Feb ‘16 6,500 5,200 67,200 850,000

Jan '16-Feb ‘16 Sea. Adj. 1,000 ― 2,100 242,000

% Change

2014-2015 4.6% 5.4% 2.4% 2.1%

YTD 2015-2016 4.5 5.2 1.5 1.9

Feb ‘15-Feb‘16 4.2 4.9 1.5 1.9

Jan‘16-Feb ‘16 0.7 0.7 0.6 0.6

Jan '16-Feb ‘16 Sea. Adj. 0.1 ― 0.0 0.2


2014 2015 2015 Feb

2016 Jan

2016 Feb

Percent Change

2014-2015 Feb ‘15- Feb ‘16

Jan ‘16- Feb ‘16


50,700 55,600 53,800 58,600 58,300 9.7% 8.4% -0.5%

Manufacturing 57,700 57,600 57,300 56,900 56,800 -0.2 -0.9 -0.2

Wholesale trade 45,300 48,600 47,000 51,500 51,500 7.3 9.6 0.0

Retail trade 97,600 100,200 97,600 101,100 101,700 2.7 4.2 0.6

Transp, warehousing, & utilities

15,600 16,100 15,600 16,300 16,200 3.2 3.8 -0.6

Information 25,200 26,900 26,200 27,100 27,300 6.7 4.2 0.7

Financial activities 51,900 53,700 52,900 53,700 54,100 3.5 2.3 0.7

Prof & business services 150,400 161,300 155,600 162,300 162,100 7.2 4.2 -0.1



Other services 39,600 40,700 39,900 40,900 41,300 2.8 3.5 1.0

Government 170,000 171,800 172,900 173,700 175,000 1.1 1.2 0.7

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs February 2015 February 2016 Difference Percent ch. Rank

Dallas MDiv 2,347,900 2,453,600 105,700 4.5% 1

Richmond MSA 634,100 661,500 27,400 4.3 2

Austin MSA 938,200 978,000 39,800 4.2 3

Orlando MSA 1,135,900 1,183,800 47,900 4.2 4

San Francisco MDiv 1,025,500 1,066,500 41,000 4.0 5


San Jose MSA 1,020,600 1,059,800 39,200 3.8 7

Nashville MSA 890,700 922,800 32,100 3.6 8

Riverside MSA 1,325,000 1,371,800 46,800 3.5 9

Phoenix MSA 1,897,800 1,964,800 67,000 3.5 10









Seasonally adj.

Austin MSA

2014 1,047,650 1,003,553 44,097 4.2% ―

2015 1,069,692 1,033,644 36,048 3.4 ―

2015 YTD 1,052,464 1,013,681 38,783 3.7 ―

2016 YTD 1,087,852 1,053,936 33,916 3.1 ―

2015 Jan 1,051,524 1,011,192 40,332 3.8 3.8%

2015 Feb 1,053,404 1,016,170 37,234 3.5 3.5

2016 Jan 1,083,673 1,049,171 34,502 3.2 3.1

2016 Feb 1,092,030 1,058,700 33,330 3.1 3.1

Texas

2014 13,022,851 12,358,703 664,148 5.1% ―

2015 13,078,304 12,494,350 583,954 4.5 ―

2015 YTD 13,002,940 12,408,227 594,714 4.6 ―

2016 YTD 13,167,591 12,593,432 574,159 4.4 ―

2015 Jan 13,004,462 12,393,247 611,215 4.7 4.4%

2015 Feb 13,001,418 12,423,206 578,212 4.4 4.4

2016 Jan 13,113,461 12,531,940 581,521 4.4 4.5

2016 Feb 13,221,720 12,654,923 566,797 4.3 4.4

United States

2014 155,922,000 146,305,000 9,617,000 6.2% ―

2015 157,130,000 148,834,000 8,296,000 5.3 ―

2015 YTD 156,131,500 146,835,000 9,296,500 6.0 ―

2016 YTD 157,813,000 149,548,500 8,264,000 5.2 ―

2015 Jan 156,050,000 146,552,000 9,498,000 6.1 5.7%

2015 Feb 156,213,000 147,118,000 9,095,000 5.8 5.5

2016 Jan 157,347,000 149,037,000 8,309,000 5.3 4.9

2016 Feb 158,279,000 150,060,000 8,219,000 5.2 4.9

Employment Growth Austin MSA Texas United States

Difference

2014-2015 30,091 135,647 2,529,000

YTD 2015-2016 40,255 185,205 2,713,500

Feb ‘15-Feb‘16 42,530 231,717 2,942,000

Jan‘16-Feb ‘16 9,529 122,983 1,023,000

Percent change

2014-2015 3.0% 1.1% 1.7%

YTD 2015-2016 4.0 1.5 1.8

Feb ‘15-Feb‘16 4.2 1.9 2.0

Jan‘16-Feb ‘16 0.9 1.0 0.7

Labor Force, Employment & Unemployment by County, February 2016 Labor Force Employment Unemployment Unemployment Rate

Bastrop 38,037 36,704 1,333 3.5%

Caldwell 17,917 17,190 727 4.1

Hays 98,060 94,950 3,110 3.2

Travis 671,717 651,818 19,899 3.0

Williamson 266,299 258,038 8,261 3.1

Sources: Local Area Unemployment Statistics, Texas Workforce Commission (www.tracer2.com), Federal Reserve Bank of Dallas (www.dallasfed.org/research/econdata/tx-unemp.cfm) & U.S. Bureau of Labor Statistics (www.bls.gov/cps/).




Lowest Unemployment Rates Among the 50 Largest Metros February 2015 February 2016 Difference Rank

Austin MSA 3.4% 3.1% -0.4 1

Denver MSA 4.5 3.1 -1.4 2


Nashville MSA 5.0 3.5 -1.5 4


Dallas MDiv 4.1 3.6 -0.5 6


Boston NECTADiv 4.4 3.8 -0.6 8


San Jose MSA 4.4 3.9 -0.6 10



Average Weekly Hours Average Hourly Earnings Austin MSA Texas U.S. Austin MSA Texas U.S.

2014 36.0 36.5 34.5 $26.25 $23.86 $24.47

2015 35.6 36.1 34.5 26.32 24.46 25.03

2015 YTD 35.9 36.5 34.4 26.67 24.56 24.97

2016 YTD 35.3 35.7 34.2 26.49 24.49 25.51

2015 Jan 35.4 36.1 34.2 26.50 24.46 24.88

2015 Feb 36.3 36.8 34.6 26.84 24.66 25.06

2016 Jan 35.4 35.7 34.2 26.31 24.57 25.52

2016 Feb 35.2 35.7 34.1 26.67 24.40 25.49

% Change

2014-2015 -1.1% -1.1% 0.0% 0.3% 2.5% 2.3%

YTD 2015-2016 -1.7 -2.2 -0.6 -0.7 -0.3 2.2

Feb ‘15-Feb‘16 -3.0 -3.0 -1.4 -0.6 -1.1 1.7

Jan‘16-Feb ‘16 -0.6 0.0 -0.3 1.4 -0.7 -0.1


Metro Business Cycle Index, Oct. 1980=100, Seasonally Adjustedi


2014 684.9 391.0 342.3 306.4 336.1

2015 760.0 419.8 356.2 317.1 357.4

2015 YTD 726.3 408.1 352.4 317.0 349.5

2016 YTD 807.7 436.7 360.6 318.8 368.1

2015 Jan 723.0 407.0 352.2 317.3 348.6

2015 Feb 729.5 409.2 352.7 316.8 350.4

2016 Jan 804.4 435.5 360.2 319.3 367.4

2016 Feb 811.0 438.0 361.0 318.3 368.8

% Change

2014-2015 11.0% 7.4% 4.1% 3.5% 6.3%

YTD 2015-2016 11.2 7.0 2.3 0.6 5.3

Feb ‘15-Feb‘16 11.2 7.0 2.4 0.5 5.3

Jan‘16-Feb ‘16 0.8 0.6 0.2 -0.3 0.4








U.S. city average




2014 ― 236.7 231.9

2015 ― 237.0 232.4

2015 YTD ― 234.2 229.5

2016 YTD ― 237.0 232.6

2015 Jan 235.0 233.7 229.1

2015 Feb 235.4 234.7 229.9

2016 Jan 238.1 236.9 232.4

2016 Feb 237.7 237.1 232.8

% Change

2014-2015 ― 0.1% 0.2%

YTD 2015-2016 ― 1.2 1.4

Feb ‘15-Feb‘16 1.0% 1.0 1.3

Jan‘16-Feb ‘16 -0.2 0.1 0.2



City of Austin


City of Round Rock

City of San Marcos

2014 $182,254,926 $195,778,040 $67,977,433 $24,415,188

2015 195,469,522 211,125,380 67,767,516 25,996,406

2015 YTD 62,848,255 67,480,092 23,090,744 8,870,109

2016 YTD 66,761,441 71,887,097 22,020,448 9,747,051

2015 Mar 13,944,731 15,045,322 5,112,192 1,809,020

2015 Apr 13,790,180 14,782,044 5,612,930 1,776,911

2016 Mar 15,015,073 16,211,247 5,062,395 2,147,192

2016 Apr 14,931,883 16,141,588 5,033,872 2,098,998

% Change

2014-2015 7.3% 7.8% -0.3% 6.5%

YTD 2015-2016 6.2 6.5 -4.6 9.9

Apr ‘15-Apr ‘16 8.3 9.2 -10.3 18.1

Mar ‘16-Apr ‘16 -0.6 -0.4 -0.6 -2.2


Total Retail


2013 $85,913 $2,125,274 $31,071 $438,090

2014 93,747 2,302,011 33,538 483,367

2014 YTD 65,385 1,528,567 24,023 332,938

2015 YTD 71,743 1,453,387 26,128 338,334

2014 Q2 22,399 516,664 8,287 114,191

2014 Q3 22,972 530,418 8,333 115,151

2015 Q2 22,734 492,366 8,260 115,625

2015 Q3 25,452 482,490 10,093 112,499

% Change

2013-2014 9.1% 8.3% 7.9% 10.3%

YTD 2014-2015 9.7 -4.9 8.8 1.6

Q3 '14-Q3 '15 10.8 -9.0 21.1 -2.3

Q2 '15-Q3 '15 12.0 -2.0 22.2 -2.7








Passengersiii Cargo (lbs.)iv

2014 10,718,854 155,440,494

2015 11,897,959 157,484,666

2015 YTD 1,517,836 24,650,763

2016 YTD 1,712,773 24,116,024

2015 Jan 779,481 12,628,215

2015 Feb 738,355 12,022,548

2016 Jan 873,560 12,167,631

2016 Feb 839,213 11,948,393

% Change

2014-2015 11.0% 1.3%

YTD 2015-2016 12.8 -2.2

Feb ‘15-Feb‘16 13.7 -0.6

Jan‘16-Feb ‘16 -3.9 -1.8


Patent Activity Austin MSA Percent of Texas Patents Issued

2014 3,733 29.3%

2015 3,628 28.7

2015 YTD 913 29.9

2016 YTD 1,002 31.1

2015 Feb 304 30.6

2015 Mar 363 27.9

2016 Feb 304 30.6

2016 Mar 414 31.2

% Change

2014-2015 -2.8% ―

YTD 2015-2016 9.7 ―

Mar ‘15-Mar ‘16 14.0 ―

Feb ‘16-Mar ‘16 36.2 ―





2014 114 $615.08 $1,426.81 $50,835.65 43.1% 1.2%

2015 99 739.99 1,170.79 58,811.19 63.2 1.3

2014 Q3 28 105.99 295.01 10,484.57 35.9 1.0

2014 Q4 32 141.85 491.10 15,663.64 28.9 0.9

2015 Q3 26 210.21 340.31 16,605.83 61.8 1.3

2015 Q4 16 100.14 185.55 11,339.30 54.0 0.9

% Change

2014-2015 -13.2% 20.3% -17.9% 15.7% — —

Q4 '14-Q4 '15 -50.0 -29.4 -62.2 -27.6 — —

Q3 '15-Q4 '15 -38.5 -52.4 -45.5 -31.7 — —







Austin MSA

2014 19,949 11,515 8,434 $3,235.961 $2,571.504 $664.457

2015 22,119 11,574 10,545 3,635.556 2,658.855 976.701

2015 YTD 3,102 1,789 1,313 506.105 412.939 93.166

2016 YTD 3,297 1,798 1,499 532.990 398.440 134.550

2015 Jan 1,143 847 296 215.857 188.332 27.525

2015 Feb 1,961 942 1,019 290.327 224.607 65.720

2016 Jan 1,711 771 940 263.576 172.623 90.953

2016 Feb 1,586 1,027 559 272.822 229.226 43.596

% Change

2014-2015 10.9% 0.5% 25.0% 12.3% 3.4% 47.0%

YTD 2015-2016 6.3 0.5 14.2 5.3 -3.5 44.4

Feb ‘15-Feb‘16 -19.1 9.0 -45.1 -6.0 2.1 -33.7

Jan‘16-Feb ‘16 -7.3 33.2 -40.5 3.5 32.8 -52.1

United States

2014 1,052,124 640,318 411,806 $194,349.7 $149,633.4 $44,716.3

2015 1,178,138 690,084 488,054 220,797.8 163,852.6 56,945.2

2015 YTD 147,564 86,986 60,578 27,371.5 20,343.3 7,028.2

2016 YTD 159,876 98,575 61,301 30,842.5 23,480.0 7,362.5

2015 Jan 70,025 43,481 26,544 13,252.3 10,166.6 3,085.7

2015 Feb 77,539 43,505 34,034 14,119.2 10,176.7 3,942.5

2016 Jan 74,776 45,679 29,097 14,241.9 10,901.1 3,340.8

2016 Feb 84,477 53,044 31,433 16,412.6 12,570.0 3,842.6

% Change

2014-2015 12.0% 7.8% 18.5% 13.6% 9.5% 27.3%

YTD 2015-2016 8.3 13.3 1.2 12.7 15.4 4.8

Feb ‘15-Feb‘16 8.9 21.9 -7.6 16.2 23.5 -2.5

Jan‘16-Feb ‘16 13.0 16.1 8.0 15.2 15.3 15.0




Median sales price

HOIvii Median family

income Median sales

price HOI

Median family income


2014 $244,500 59.9 $75,400 $211,200 63.2 $63,900 4.41%

2015 258,500 60.4 76,800 224,250 63.8 65,800 4.07

2014 Q3 244,000 61.2 75,400 220,800 61.8 63,900 4.35

2014 Q4 244,000 61.5 75,400 215,000 62.8 63,900 4.29

2015 Q3 261,000 59.1 76,800 231,000 62.2 65,800 4.18

2015 Q4 266,000 58.4 76,800 226,000 63.3 65,800 4.09

% Change

2014-2015 5.7% 0.8% 1.9% 6.2% 0.9% 3.0% -7.7%

Q4 '14-Q4 '15 9.0 -5.0 1.9 5.1 0.8 3.0 -4.7

Q3 '15-Q4 '15 1.9 -1.2 0.0 -2.2 1.8 0.0 -2.2

Source: National Association of Home Builders (www.nahb.org/hoi).

http://www.nahb.org/hoi




Sales Dollar volume


Austin MSA

2014 30,137 $9,267.49 $307,512 $240,000 4,982 2.0

2015 31,517 10,449.12 331,539 260,000 5,300 2.0

2015 YTD 3,565 1,091.68 306,500 241,571 4,932 2.0

2016 YTD 3,614 1,175.53 325,002 258,118 5,347 2.1

2015 Jan 1,629 504.53 309,719 238,000 4,915 1.9

2015 Feb 1,936 587.15 303,281 245,142 4,949 2.0

2016 Jan 1,634 526.44 322,179 252,235 5,178 2.0

2016 Feb 1,980 649.09 327,825 264,000 5,515 2.1

% Change

2014-2015 4.6% 12.8% 7.8% 8.3% 6.4% 0.0%

YTD 2015-2016 1.4 7.7 6.0 6.8 8.4 5.0

Feb ‘15-Feb‘16 2.3 10.5 8.1 7.7 11.4 5.0

Jan‘16-Feb ‘16 21.2 23.3 1.8 4.7 6.5 5.0

United States

2014 4,940,000 $1,261,182 $255,300 $208,300 1,860,000 5.2

2015 5,250,000 1,398,600 266,400 222,400 1,760,000 4.8

2015 YTD 576,000 142,171 246,800 199,750 1,880,000 4.6

2016 YTD 616,000 157,550 255,800 212,250 1,850,000 4.2

2015 Jan 281,000 69,070 245,800 197,600 1,860,000 4.5

2015 Feb 295,000 73,101 247,800 201,900 1,900,000 4.6

2016 Jan 302,000 77,825 257,700 213,700 1,820,000 4.0

2016 Feb 314,000 79,725 253,900 210,800 1,880,000 4.4

% Change

2014-2015 6.3% 10.9% 4.3% 6.8% -5.4% -7.7%

YTD 2015-2016 6.9 10.8 3.6 6.3 -1.6 -8.7

Feb ‘15-Feb‘16 6.4 9.1 2.5 4.4 -1.1 -4.3

Jan‘16-Feb ‘16 4.0 2.4 -1.5 -1.4 3.3 10.0





Office & Industrial Real Estate Marketviii

Austin MSA


Office

2014 89,833,591 7,974,638 8.9% $28.18

2015 93,797,319 7,393,492 7.9 30.75

2014 Q4 89,833,591 7,974,638 8.9 28.18

2015 Q1 90,733,294 7,952,574 8.8 29.34

2015 Q4 93,797,319 7,393,492 7.9 30.75

2016 Q1 94,156,514 7,501,644 8.0 31.16

% Change

2014-2015 4.4% -7.3% -11.2% 9.1%

Q1 '15-Q1 '16 3.8 -5.7 -9.1 6.2%

Q4 '15-Q1 '16 0.4 1.5 1.3 1.3%

Industrial

2014 94,205,474 6,932,217 7.4% $8.20

2015 95,443,586 5,287,929 5.5 8.87

2014 Q4 94,205,474 6,932,217 7.4 8.20

2015 Q1 94,548,757 6,897,723 7.3 8.45

2015 Q4 95,443,586 5,287,929 5.5 8.87

2016 Q1 95,642,158 5,347,058 5.6 8.91

% Change

2014-2015 1.3% -23.7% -25.7% 8.2%

Q1 '15-Q1 '16 1.2 -22.5 -23.3 5.4

Q4 '15-Q1 '16 0.2 1.1 1.8 0.5


This report and associated spreadsheet files are located on the Chamber’s Economic Indicators page: www.austinchamber.com/site-selection/business-climate/the-economy/index.php

Updated files are available on or about the first Wednesday of every month. i These indexes summarize movements in locally measured nonagricultural employment, the unemployment rate, inflation-adjusted wages and

inflation-adjusted retail sales. ii The allocation historical summaries show the total dollars returned to a local sales taxing city, county, special purpose district or transit

authority by the Comptroller's office for their local sales tax collection. The payments are listed by month and totaled by year. Allocation amounts are dependent upon the timing and accuracy of taxpayers' returns, but generally represent taxes collected on sales made two months or more prior to the allocation payment. iii Total passengers include domestic and international revenue and non-revenue passengers. It is a total of passengers enplaned, deplaned,

and through. iv Total cargo includes domestic and international enplaned and deplaned belly freight, mail, and cargo. v January 2015 is not directly comparable to earlier data. The universe of permit issuing places has increased. vi Annual figures are averages of published quarterly data. NAHB does not publish annual values for these series. vii HOI is a measure of the percentage of homes sold in a given area during the quarter that are affordable to families earning that area’s

median income. viii Annual numbers are year-end.

ECONOMIC INDICATORS MARCH 2016





2014 917,500 747,500 11,559,200 138,958,000

2015 959,300 787,500 11,838,300 141,865,000

2014 Dec 940,100 768,100 11,850,200 141,327,000

2015 Jan 928,200 756,500 11,637,600 138,511,000

2015 Dec 984,600 810,500 12,008,200 144,116,000

2016 Jan 971,600 797,900 11,826,100 141,155,000

Difference

2014-2015 41,800 40,000 279,100 2,907,000

Jan ‘15-Jan ‘16 43,400 41,400 188,500 2,644,000

Dec ‘15-Jan ‘16 -13,000 -12,600 -182,100 -2,961,000

Dec '15-Jan ‘16 Sea. Adj. 2,300 ― 31,400 172,000

% Change

2014-2015 4.6% 5.4% 2.4% 2.1%

Jan ‘15-Jan ‘16 4.7 5.5 1.6 1.9

Dec ‘15-Jan ‘16 -1.3 -1.6 -1.5 -2.1

Dec '15-Jan ‘16 Sea. Adj. 0.2 ― 0.3 0.1


2014 2015 2015 Jan

2015 Dec

2016 Jan

Percent Change

2014-2015 Jan ‘15- Jan ‘16

Dec ‘15- Jan ‘16


50,700 55,600 52,900 59,100 58,700 9.7% 11.0% -0.7%

Manufacturing 57,700 57,600 57,200 56,900 56,500 -0.2 -1.2 -0.7

Wholesale trade 45,300 48,600 46,800 51,800 51,600 7.3 10.3 -0.4

Retail trade 97,600 100,200 97,700 104,900 100,900 2.7 3.3 -3.8


15,600 16,100 16,000 16,700 16,300 3.2 1.9 -2.4

Information 25,200 26,900 26,200 27,400 27,000 6.7 3.1 -1.5


Prof & business services 150,400 161,300 153,300 167,100 162,400 7.2 5.9 -2.8

Ed. & health services 106,400 111,500 107,700 113,400 113,300 4.8 5.2 -0.1

Leisure & hospitality 107,100 115,300 106,800 117,900 116,600 7.7 9.2 -1.1

Other services 39,600 40,700 39,500 41,100 40,900 2.8 3.5 -0.5

Government 170,000 171,800 171,700 174,100 173,700 1.1 1.2 -0.2

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs UPDATE AVAIL 3/16 December 2014 December 2015 Difference Percent ch. Rank

San Jose MSA 1,037,200 1,083,300 46,100 4.4% 1

Portland MSA 1,096,100 1,137,800 41,700 3.8 2

Austin MSA 928,800 963,700 34,900 3.8 3


Riverside MSA 1,324,500 1,372,300 47,800 3.6 5

Dallas MDiv 2,360,300 2,444,700 84,400 3.6 6

San Antonio MSA 965,300 998,900 33,600 3.5 7

Orlando MSA 1,145,200 1,183,300 38,100 3.3 8

Charlotte MSA 1,093,900 1,130,000 36,100 3.3 9

Nashville MSA 899,400 928,500 29,100 3.2 10









Seasonally adj.

Austin MSA

2014 1,047,650 1,003,553 44,097 4.2% ―

2015 1,069,692 1,033,644 36,048 3.4 ―

2014 Dec 1,046,670 1,010,858 35,812 3.4 3.6%

2015 Jan 1,051,524 1,011,192 40,332 3.8 3.6

2015 Dec 1,083,512 1,050,799 32,713 3.0 3.3

2016 Jan 1,084,002 1,049,502 34,500 3.2 3.2

Texas

2014 13,022,851 12,358,703 664,148 5.1% ―

2015 13,078,304 12,494,350 583,954 4.5 ―

2014 Dec 12,975,403 12,435,048 540,355 4.2 4.5%

2015 Jan 13,004,462 12,393,247 611,215 4.7 4.4

2015 Dec 13,136,901 12,580,195 556,706 4.2 4.6

2016 Jan 13,114,646 12,533,133 581,513 4.4 4.5

United States

2014 155,922,000 146,305,000 9,617,000 6.2% ―

2015 157,130,000 148,834,000 8,296,000 5.3 ―

2014 Dec 155,521,000 147,190,000 8,331,000 5.4 5.6%

2015 Jan 156,050,000 146,552,000 9,498,000 6.1 5.7

2015 Dec 157,245,000 149,703,000 7,542,000 4.8 5.0

2016 Jan 157,347,000 149,037,000 8,309,000 5.3 4.9


Difference

2014-2015 30,091 135,647 2,529,000

Jan ‘15-Jan ‘16 38,310 139,886 2,485,000

Dec ‘15-Jan ‘16 -1,297 -47,062 -666,000

Percent change

2014-2015 3.0% 1.1% 1.7%

Jan ‘15-Jan ‘16 3.8 1.1 1.7

Dec ‘15-Jan ‘16 -0.1 -0.4 -0.4

Labor Force, Employment & Unemployment by County, January 2016 Labor Force Employment Unemployment Unemployment Rate

Bastrop 37,619 36,259 1,360 3.6%

Caldwell 17,740 16,992 748 4.2

Hays 97,246 94,077 3,169 3.3

Travis 667,104 646,361 20,743 3.1

Williamson 264,293 255,813 8,480 3.2





Lowest Unemployment Rates Among the 50 Largest Metros UPDATE AVAIL 3/18 December 2014 December 2015 Difference Rank

Austin MSA 3.4% 3.1% -0.3 1

Denver MSA 4.0 3.1 -0.9 2

Montgomery County MDiv 3.6 3.1 -0.5 3

Minneapolis MSA 3.2 3.1 -0.1 4




Dallas MDiv 4.0 3.6 -0.4 8


Kansas City MSA 4.6 3.8 -0.8 10


Average Hours & Earnings of All Employees on Private Nonfarm Payrolls UPDATE AVAIL 3/16


2014 36.0 36.5 34.5 $26.25 $23.86 $24.47

2015 35.6 36.1 34.5 26.35 24.47 25.03

2014 Nov 36.4 36.9 34.9 26.64 24.39 24.79

2014 Dec 36.1 36.6 34.6 26.03 24.24 24.59

2015 Nov 35.7 36.4 34.8 26.48 24.71 25.39

2015 Dec 35.2 36.0 34.5 26.30 24.45 25.22

% Change

2014-2015 -1.1% -1.1% 0.0% 0.4% 2.6% 2.3%

Dec ‘14-Dec ‘15 -2.5 -1.6 -0.3 1.0 0.9 2.6

Nov ‘15-Dec ‘15 -1.4 -1.1 -0.9 -0.7 -1.1 -0.7




2014 685.2 391.1 342.0 307.0 336.1

2015 756.9 420.1 354.9 317.7 357.9

2014 Dec 716.7 404.0 349.7 316.7 346.7

2015 Jan 722.9 407.2 351.3 318.1 348.6

2015 Dec 789.7 433.7 359.0 319.7 366.6

2016 Jan 795.4 435.9 358.6 319.3 368.2

% Change

2014-2015 10.5% 7.4% 3.8% 3.5% 6.5%

Jan ‘15-Jan ‘16 10.0 7.0 2.1 0.4 5.6

Dec ‘15-Jan ‘16 0.7 0.5 -0.1 -0.1 0.4








U.S. city average




2014 ― 236.7 231.9

2015 ― 237.0 232.4

2014 Dec 236.5 234.8 230.4

2015 Jan 235.0 233.7 229.1

2015 Dec 238.0 236.5 232.3

2016 Jan 238.1 236.9 232.4

% Change

2014-2015 ― 0.1% 0.2%

Jan ‘15-Jan ‘16 1.3% 1.4 1.4

Dec ‘15-Jan ‘16 0.0 0.2 0.0



City of Austin


City of Round Rock

City of San Marcos

2014 $182,254,926 $195,778,040 $67,977,433 $24,415,188

2015 195,469,522 211,125,380 67,767,516 25,996,406

2015 YTD 35,113,344 37,652,726 12,365,621 5,284,178

2016 YTD 36,814,486 39,534,263 11,924,181 5,500,861

2015 Jan 14,622,060 15,903,038 5,373,941 2,243,977

2015 Feb 20,491,284 21,749,688 6,991,680 3,040,201

2016 Jan 15,531,466 16,941,530 5,260,059 2,304,184

2016 Feb 21,283,019 22,592,732 6,664,121 3,196,676

% Change

2014-2015 7.3% 7.8% -0.3% 6.5%

YTD 2015-2016 4.8 5.0 -3.6 4.1

Feb ‘15-Feb ‘16 3.9 3.9 -4.7 5.1

Jan ‘16-Feb ‘16 37.0 33.4 26.7 38.7


Total Retail


2013 $85,907.3 $2,125,273.7 $31,071.3 $440,262.8

2014 93,796.6 2,319,702.0 33,504.1 490,859.6

2014 YTD 42,403.1 998,149.0 15,683.6 219,318.9

2015 YTD 43,821.9 939,932.2 15,972.3 211,092.4

2014 Q1 20,009.3 481,485.3 7,398.9 104,845.6

2014 Q2 22,393.9 516,663.6 8,284.7 114,473.3

2015 Q1 21,173.4 459,471.5 7,759.7 99,781.1

2015 Q2 22,648.5 480,460.6 8,212.6 111,311.3

% Change

2013-2014 9.2% 9.1% 7.8% 11.5%

YTD 2014-2015 3.3 -5.8 1.8 -3.8

Q2 '14-Q2 '15 1.1 -7.0 -0.9 -2.8

Q1 '15-Q2 '15 7.0 4.6 5.8 11.6









2014 10,718,854 155,440,494

2015 11,897,959 157,484,666

2014 Dec 918,814 14,304,775

2015 Jan 779,481 12,628,215

2015 Dec 1,029,803 13,647,796

2016 Jan 873,560 12,167,631

% Change

2014-2015 11.0% 1.3%

Jan ‘15-Jan ‘16 12.1 -3.6

Dec ‘15-Jan ‘16 -15.2 -10.8



2014 3,733 29.3%

2015 3,628 28.7

2015 YTD 550 31.3

2016 YTD 588 31.0

2015 Jan 246 32.2

2015 Feb 304 30.6

2016 Jan 284 31.6

2016 Feb 304 30.6

% Change

2014-2015 -2.8% ―

YTD 2015-2016 6.9 ―

Feb ‘15-Feb ‘16 0.0 ―

Jan ‘16-Feb ‘16 7.0 ―





2014 114 $615.08 $1,426.81 $50,835.65 43.1% 1.2%

2015 99 739.99 1,170.79 58,811.19 63.2 1.3

2014 Q3 28 105.99 295.01 10,484.57 35.9 1.0

2014 Q4 32 141.85 491.10 15,663.64 28.9 0.9

2015 Q3 26 210.21 340.31 16,605.83 61.8 1.3

2015 Q4 16 100.14 185.55 11,339.30 54.0 0.9

% Change

2014-2015 -13.2% 20.3% -17.9% 15.7% — —

Q4 '14-Q4 '15 -50.0 -29.4 -62.2 -27.6 — —

Q3 '15-Q4 '15 -38.5 -52.4 -45.5 -31.7 — —







Austin MSA

2014 19,949 11,515 8,434 $3,235.961 $2,571.504 $664.457

2015 22,119 11,574 10,545 3,635.556 2,658.855 976.701

2014 Dec 2,067 936 1,131 283.395 186.587 96.808

2015 Jan 1,143 847 296 215.857 188.332 27.525

2015 Dec 3,056 877 2,179 397.875 217.768 180.107

2016 Jan 1,711 771 940 263.576 172.623 90.953

% Change

2014-2015 10.9% 0.5% 25.0% 12.3% 3.4% 47.0%

Jan ‘15-Jan ‘16 49.7 -9.0 217.6 22.1 -8.3 230.4

Dec ‘15-Jan ‘16 -44.0 -12.1 -56.9 -33.8 -20.7 -49.5

United States

2014 1,052,124 640,318 411,806 $194,349.7 $149,633.4 $44,716.3

2015 1,178,138 690,084 488,054 220,797.8 163,852.6 56,945.2

2014 Dec 85,002 47,329 37,673 15,097.8 11,129.0 3,968.8

2015 Jan 70,025 43,481 26,544 13,252.3 10,166.6 3,085.7

2015 Dec 96,833 50,550 46,283 17,620.0 12,100.5 5,519.5

2016 Jan 74,776 45,679 29,097 14,241.9 10,901.1 3,340.8

% Change

2014-2015 12.0% 7.8% 18.5% 13.6% 9.5% 27.3%

Jan ‘15-Jan ‘16 6.8 5.1 9.6 7.5 7.2 8.3

Dec ‘15-Jan ‘16 -22.8 -9.6 -37.1 -19.2 -9.9 -39.5




Median sales price


income Median sales

price HOI



2014 $244,500 59.9 $75,400 $211,200 63.2 $63,900 4.41%

2015 258,500 60.4 76,800 224,250 63.8 65,800 4.07

2014 Q3 244,000 61.2 75,400 220,800 61.8 63,900 4.35

2014 Q4 244,000 61.5 75,400 215,000 62.8 63,900 4.29

2015 Q3 261,000 59.1 76,800 231,000 62.2 65,800 4.18

2015 Q4 266,000 58.4 76,800 226,000 63.3 65,800 4.09

% Change

2014-2015 5.7% 0.8% 1.9% 6.2% 0.9% 3.0% -7.7%

Q4 '14-Q4 '15 9.0 -5.0 1.9 5.1 0.8 3.0 -4.7

Q3 '15-Q4 '15 1.9 -1.2 0.0 -2.2 1.8 0.0 -2.2






Sales Dollar volume


Austin MSA

2014 30,137 $9,267.487 $307,512 $240,000 4,982 2.0

2015 31,517 10,449.121 331,539 260,000 5,300 2.0

2014 Dec 2,437 753.581 309,225 245,000 4,943 2.0

2015 Jan 1,629 504.533 309,719 238,000 4,904 1.9

2015 Dec 2,567 896.951 349,416 270,500 5,300 2.0

2016 Jan 1,634 529.080 323,795 252,368 5,316 2.0

% Change

2014-2015 4.6% 12.8% 7.8% 8.3% 6.4% 0.0%

Jan ‘15-Jan ‘16 0.3 4.9 4.5 6.0 8.4 5.3

Dec ‘15-Jan ‘16 -36.3 -41.0 -7.3 -6.7 0.3 0.0

United States

2014 4,940,000 $1,261,182 $255,300 $208,300 1,860,000 5.2

2015 5,250,000 1,398,600 266,400 222,400 1,760,000 4.8

2014 Dec 413,000 105,232 254,800 208,200 1,860,000 4.4

2015 Jan 281,000 69,070 245,800 197,600 1,860,000 4.5

2015 Dec 436,000 116,020 266,100 223,200 1,760,000 3.9

2016 Jan 302,000 77,765 257,500 213,800 1,820,000 4.0

% Change

2014-2015 6.3% 10.9% 4.3% 6.8% -5.4% -7.7%

Jan ‘15-Jan ‘16 7.5 12.6 4.8 8.2 -2.2 -11.1

Dec ‘15-Jan ‘16 -30.7 -33.0 -3.2 -4.2 3.4 2.6






Austin MSA


Office

2014 91,070,744 8,037,788 8.8% $28.18

2015 94,948,417 7,653,046 8.1 30.68

2014 Q3 90,498,403 7,789,917 8.6 28.29

2014 Q4 91,070,744 8,037,788 8.8 28.18

2015 Q3 94,086,715 7,839,251 8.3 30.24

2015 Q4 94,948,417 7,653,046 8.1 30.68

% Change

2014-2015 4.3% -4.8% -8.0% 8.9%

Q4 '14-Q4 '15 4.3 -4.8 -8.0 8.9

Q3 '15-Q4 '15 0.9 -2.4 -2.4 1.5

Industrial

2014 93,027,699 6,949,317 7.5% $8.15

2015 94,264,447 5,401,754 5.7 8.75

2014 Q3 92,791,262 7,304,866 7.9 7.89

2014 Q4 93,027,699 6,949,317 7.5 8.15

2015 Q3 94,177,947 5,901,491 6.3 8.62

2015 Q4 94,264,447 5,401,754 5.7 8.75

% Change

2014-2015 1.3% -22.3% -24.0% 7.4%

Q4 '14-Q4 '15 1.3 -22.3 -24.0 7.4

Q3 '15-Q4 '15 0.1 -8.5 -9.5 1.5








ECONOMIC INDICATORS FEBRUARY 2016





2014 914,200 744,400 11,550,200 139,042,000

2015 944,817 773,342 11,818,908 141,983,250

2014 Nov 928,100 754,800 11,776,800 141,478,000

2014 Dec 928,800 758,200 11,811,700 141,484,000

2015 Nov 965,400 790,600 11,966,300 144,180,000

2015 Dec 963,700 791,800 11,980,700 144,191,000

Difference

2014-2015 30,617 28,942 268,708 2,941,250

Dec ‘14-Dec ‘15 34,900 33,600 169,000 2,707,000

Nov ‘15-Dec ‘15 -1,700 1,200 14,400 11,000

Nov '15-Dec '15 Sea. Adj. -500 ― 24,900 292,000

% Change

2014-2015 3.3% 3.9% 2.3% 2.1%

Dec ‘14-Dec ‘15 3.8 4.4 1.4 1.9

Nov ‘15-Dec ‘15 -0.2 0.2 0.1 0.0

Nov '15-Dec '15 Sea. Adj. -0.1 ― 0.2 0.2


2014 2015 2014 Dec

2015 Nov

2015 Dec

Percent Change

2014-2015 Dec ‘14- Dec ‘15

Nov ‘15- Dec ‘15


50,100 52,033 50,400 53,500 54,600 3.9% 8.3% 2.1%

Manufacturing 57,700 57,458 57,900 56,800 56,300 -0.4 -2.8 -0.9

Wholesale trade 45,100 46,975 46,600 48,300 48,700 4.2 4.5 0.8

Retail trade 97,300 99,150 101,400 103,100 102,700 1.9 1.3 -0.4


15,600 16,100 16,300 16,300 16,700 3.2 2.5 2.5

Information 25,000 26,033 25,800 26,400 26,300 4.1 1.9 -0.4





Other services 39,600 40,892 39,900 41,200 41,100 3.3 3.0 -0.2

Government 169,800 171,475 170,600 174,800 171,900 1.0 0.8 -1.7

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs December 2014 December 2015 Difference Percent ch. Rank

San Jose MSA 1,037,200 1,083,300 46,100 4.4% 1

Portland MSA 1,096,100 1,137,800 41,700 3.8 2

Austin MSA 928,800 963,700 34,900 3.8 3


Riverside MSA 1,324,500 1,372,300 47,800 3.6 5

Dallas MDiv 2,360,300 2,444,700 84,400 3.6 6

San Antonio MSA 965,300 998,900 33,600 3.5 7

Orlando MSA 1,145,200 1,183,300 38,100 3.3 8

Charlotte MSA 1,093,900 1,130,000 36,100 3.3 9

Nashville MSA 899,400 928,500 29,100 3.2 10









Seasonally adj.

Austin MSA

2014 1,050,972 1,007,352 43,620 4.2% ―

2015 1,055,485 1,020,708 34,778 3.3 ―

2014 Nov 1,058,409 1,019,187 39,222 3.7 3.9%

2014 Dec 1,052,087 1,016,673 35,414 3.4 3.6

2015 Nov 1,063,776 1,028,645 35,131 3.3 3.3

2015 Dec 1,059,421 1,027,086 32,335 3.1 3.2

Texas

2014 13,111,548 12,447,551 663,997 5.1% ―

2015 13,086,716 12,517,627 569,089 4.3 ―

2014 Nov 13,202,845 12,614,267 588,578 4.5 4.6%

2014 Dec 13,152,203 12,612,084 540,119 4.1 4.6

2015 Nov 13,099,997 12,506,534 593,463 4.5 4.6

2015 Dec 13,077,390 12,522,151 555,239 4.2 4.7

United States

2014 155,922,000 146,305,000 9,617,000 6.2% ―

2015 157,129,917 148,833,417 8,296,333 5.3 ―

2014 Nov 156,297,000 147,666,000 8,630,000 5.5 5.8%

2014 Dec 155,521,000 147,190,000 8,331,000 5.4 5.6

2015 Nov 157,340,000 149,766,000 7,573,000 4.8 5.0

2015 Dec 157,245,000 149,703,000 7,542,000 4.8 5.0


Difference

2014-2015 13,356 70,076 2,528,417

Dec ‘14-Dec ‘15 10,413 -89,933 2,513,000

Nov ‘15-Dec ‘15 -1,559 15,617 -63,000

Percent change

2014-2015 1.3% 0.6% 1.7%

Dec ‘14-Dec ‘15 1.0 -0.7 1.7

Nov ‘15-Dec ‘15 -0.2 0.1 0.0

Labor Force, Employment & Unemployment by County, December 2015 Labor Force Employment Unemployment Unemployment Rate

Bastrop 36,926 35,640 1,286 3.5%

Caldwell 17,637 16,937 700 4.0

Hays 93,299 90,393 2,906 3.1

Travis 655,079 635,605 19,474 3.0

Williamson 256,480 248,511 7,969 3.1





Lowest Unemployment Rates Among the 50 Largest Metros December 2014 December 2015 Difference Rank

Austin MSA 3.4% 3.1% -0.3 1

Denver MSA 4.0 3.1 -0.9 2

Montgomery County MDiv 3.6 3.1 -0.5 3





Dallas MDiv 4.0 3.6 -0.4 8






2014 36.0 36.5 34.5 $26.25 $23.86 $24.47

2015 35.6 36.1 34.5 26.35 24.47 25.03

2014 Nov 36.4 36.9 34.9 26.64 24.39 24.79

2014 Dec 36.1 36.6 34.6 26.03 24.24 24.59

2015 Nov 35.7 36.4 34.8 26.48 24.71 25.39

2015 Dec 35.2 36.0 34.5 26.30 24.45 25.22

% Change

2014-2015 -1.1% -1.1% 0.0% 0.4% 2.6% 2.3%

Dec ‘14-Dec ‘15 -2.5 -1.6 -0.3 1.0 0.9 2.6

Nov ‘15-Dec ‘15 -1.4 -1.1 -0.9 -0.7 -1.1 -0.7




2014 683.7 391.1 342.2 308.4 336.7

2015 748.8 419.3 354.3 318.9 360.5

2014 Nov 707.4 401.6 348.2 317.1 345.6

2014 Dec 713.0 404.2 350.0 318.9 347.8

2015 Nov 772.1 430.4 356.6 319.3 368.8

2015 Dec 776.9 432.4 358.4 320.4 370.3

% Change

2014-2015 9.5% 7.2% 3.5% 3.4% 7.1%

Dec ‘14-Dec ‘15 9.0 7.0 2.4 0.5 6.5

Nov ‘15-Dec ‘15 0.6 0.5 0.5 0.3 0.4








U.S. city average




2014 ― 236.7 231.9

2015 ― 237.0 232.4

2014 Nov 237.1 236.2 231.5

2014 Dec 236.3 234.8 230.4

2015 Nov 238.1 237.3 232.9

2015 Dec 237.8 236.5 232.3

% Change

2014-2015 ― 0.1% 0.2%

Dec ‘14-Dec ‘15 0.6% 0.7 0.8

Nov ‘15-Dec ‘15 -0.1 -0.3 -0.3



City of Austin


City of Round Rock

City of San Marcos

2014 $182,254,926 $195,778,040 $67,977,433 $24,415,188

2015 195,469,522 211,125,380 67,767,516 25,996,406

2014 Dec 15,043,307 16,398,443 5,153,669 1,866,281

2015 Jan 14,622,060 15,903,038 5,373,941 2,243,977

2015 Dec 15,480,992 17,106,618 5,256,395 2,031,944

2016 Jan 15,531,466 16,941,530 5,260,059 2,304,184

% Change

2014-2015 7.3% 7.8% -0.3% 6.5%

Jan ‘15-Jan ‘16 6.2 6.5 -2.1 2.7

Dec ‘15-Jan ‘16 0.3 -1.0 0.1 13.4


Total Retail


2013 $85,907.3 $2,125,273.7 $31,071.3 $440,262.8

2014 93,796.6 2,319,702.0 33,504.1 490,859.6

2014 YTD 42,403.1 998,149.0 15,683.6 219,318.9

2015 YTD 43,821.9 939,932.2 15,972.3 211,092.4

2014 Q1 20,009.3 481,485.3 7,398.9 104,845.6

2014 Q2 22,393.9 516,663.6 8,284.7 114,473.3

2015 Q1 21,173.4 459,471.5 7,759.7 99,781.1

2015 Q2 22,648.5 480,460.6 8,212.6 111,311.3

% Change

2013-2014 9.2% 9.1% 7.8% 11.5%

YTD 2014-2015 3.3 -5.8 1.8 -3.8

Q2 '14-Q2 '15 1.1 -7.0 -0.9 -2.8

Q1 '15-Q2 '15 7.0 4.6 5.8 11.6









2014 10,718,854 155,440,494

2015 11,897,959 157,484,666

2014 Nov 883,197 13,285,979

2014 Dec 918,814 14,304,775

2015 Nov 1,036,223 11,528,587

2015 Dec 1,029,803 13,647,796

% Change

2014-2015 11.0% 1.3%

Dec ‘14-Dec ‘15 12.1 -4.6

Nov ‘15-Dec ‘15 -0.6 18.4



2014 3,733 29.3%

2015 3,628 28.7

2014 Dec 342 31.0

2015 Jan 246 32.2

2015 Dec 320 27.6

2016 Jan 283 31.4

% Change

2014-2015 -2.8% ―

Jan ‘15-Jan ‘16 15.0 ―

Dec ‘15-Jan ‘16 -11.6 ―





2014 114 $615.08 $1,426.81 $50,835.65 43.1% 1.2%

2015 99 739.99 1,170.79 58,811.19 63.2 1.3

2014 Q3 28 105.99 295.01 10,484.57 35.9 1.0

2014 Q4 32 141.85 491.10 15,663.64 28.9 0.9

2015 Q3 26 210.21 340.31 16,605.83 61.8 1.3

2015 Q4 16 100.14 185.55 11,339.30 54.0 0.9

% Change

2014-2015 -13.2% 20.3% -17.9% 15.7% — —

Q4 '14-Q4 '15 -50.0 -29.4 -62.2 -27.6 — —

Q3 '15-Q4 '15 -38.5 -52.4 -45.5 -31.7 — —







Austin MSA

2014 19,949 11,515 8,434 $3,235.961 $2,571.504 $664.457

2015 22,119 11,574 10,545 3,635.556 2,658.855 976.701

2014 Nov 1,100 642 458 187.186 147.510 39.676

2014 Dec 2,067 936 1,131 283.395 186.587 96.808

2015 Nov 1,318 753 565 209.384 177.475 31.909

2015 Dec 3,056 877 2,179 397.875 217.768 180.107

% Change

2014-2015 10.9% 0.5% 25.0% 12.3% 3.4% 47.0%

Dec ‘14-Dec ‘15 47.8 -6.3 92.7 40.4 16.7 86.0

Nov ‘15-Dec ‘15 131.9 16.5 285.7 90.0 22.7 464.4

United States

2014 1,052,124 640,318 411,806 $194,349.7 $149,633.4 $44,716.3

2015 1,178,138 690,084 488,054 220,797.8 163,852.6 56,945.2

2014 Nov 72,830 42,802 30,028 13,459.0 10,071.8 3,387.2

2014 Dec 85,002 47,329 37,673 15,097.8 11,129.0 3,968.8

2015 Nov 90,073 49,283 40,790 17,054.4 11,784.4 5,270.0

2015 Dec 96,833 50,550 46,283 17,620.0 12,100.5 5,519.5

% Change

2014-2015 12.0% 7.8% 18.5% 13.6% 9.5% 27.3%

Dec ‘14-Dec ‘15 13.9 6.8 22.9 16.7 8.7 39.1

Nov ‘15-Dec ‘15 7.5 2.6 13.5 3.3 2.7 4.7




Median sales price


income Median sales

price HOI



2013 $222,750 64.8 $73,200 $200,450 68.1 $64,400 4.09

2014 244,500 59.9 75,400 211,200 63.2 63,900 4.41

2014 Q2 243,000 59.8 75,400 214,000 62.6 63,900 4.44

2014 Q3 244,000 61.2 75,400 220,800 61.8 63,900 4.35

2015 Q2 262,000 59.6 76,800 230,000 63.2 65,800 3.99

2015 Q3 261,000 59.1 76,800 231,000 62.2 65,800 4.18

% Change

2013-2014 9.8% -7.6% 3.0% 5.4% -7.2% -0.8% 7.8%

Q3 '14-Q3 '15 7.0 -3.4 1.9 4.6 0.6 3.0 -3.9

Q2 '15-Q3 '15 -0.4 -0.8 0.0 0.4 -1.6 0.0 4.8






Sales Dollar volume


Austin MSA

2014 30,959 $9,456.90 $305,500 $240,400 6,308 2.5

2015 32,125 10,562.93 328,800 261,700 6,683 2.5

2014 Nov 2,054 624.79 304,200 242,000 6,126 2.4

2014 Dec 2,495 768.81 308,100 245,500 5,602 2.2

2015 Nov 1,958 668.12 341,200 269,700 6,288 2.4

2015 Dec 2,620 905.52 345,600 272,300 5,736 2.1

% Change

2014-2015 3.8% 11.7% 7.6% 8.9% 5.9% 0.0%

Dec ‘14-Dec ‘15 5.0 17.8 12.2 10.9 2.4 -4.5

Nov ‘15-Dec ‘15 33.8 35.5 1.3 1.0 -8.8 -12.5

United States

2014 4,940,000 $1,261,182 $255,300 $208,300 1,860,000 5.2

2015 5,260,000 1,401,264 266,400 222,400 1,790,000 5.2

2014 Nov 351,000 89,084 253,800 207,200 2,080,000 5.0

2014 Dec 413,000 105,232 254,800 208,200 1,860,000 4.4

2015 Nov 351,000 92,559 263,700 220,000 2,040,000 5.1

2015 Dec 438,000 116,858 266,800 224,100 1,790,000 3.9

% Change

2014-2015 6.5% 11.1% 4.3% 6.8% -3.8% 0.0%

Dec ‘14-Dec ‘15 6.1 11.0 4.7 7.6 -3.8 -11.4

Nov ‘15-Dec ‘15 24.8 26.3 1.2 1.9 -12.3 -23.5






Austin MSA


Office

2014 91,070,744 8,037,788 8.8% $28.18

2015 94,948,417 7,653,046 8.1 30.68

2014 Q3 90,498,403 7,789,917 8.6 28.29

2014 Q4 91,070,744 8,037,788 8.8 28.18

2015 Q3 94,086,715 7,839,251 8.3 30.24

2015 Q4 94,948,417 7,653,046 8.1 30.68

% Change

2014-2015 4.3% -4.8% -8.0% 8.9%

Q4 '14-Q4 '15 4.3 -4.8 -8.0 8.9

Q3 '15-Q4 '15 0.9 -2.4 -2.4 1.5

Industrial

2014 93,027,699 6,949,317 7.5% $8.15

2015 94,264,447 5,401,754 5.7 8.75

2014 Q3 92,791,262 7,304,866 7.9 7.89

2014 Q4 93,027,699 6,949,317 7.5 8.15

2015 Q3 94,177,947 5,901,491 6.3 8.62

2015 Q4 94,264,447 5,401,754 5.7 8.75

% Change

2014-2015 1.3% -22.3% -24.0% 7.4%

Q4 '14-Q4 '15 1.3 -22.3 -24.0 7.4

Q3 '15-Q4 '15 0.1 -8.5 -9.5 1.5










Employees on Non-Farm Payrolls Austin MSA Texas United States


2013 878,100 709,100 11,206,900 136,393,000

2014 914,200 744,400 11,550,200 139,042,000

2014 YTD 912,864 743,145 11,526,391 138,820,182

2015 YTD 942,991 771,555 11,803,373 141,779,636

2014 Oct 924,300 753,100 11,719,000 141,000,000

2014 Nov 928,100 754,800 11,776,800 141,478,000

2015 Oct 957,300 784,600 11,921,700 143,784,000

2015 Nov 964,200 789,400 11,957,200 144,128,000

Difference

2013-2014 36,100 35,300 343,300 2,649,000

YTD 2014-2015 30,127 28,410 276,982 2,959,454

Nov ‘14-Nov ‘15 36,100 34,600 180,400 2,650,000

Oct ‘15-Nov ‘15 6,900 4,800 35,500 344,000

Oct '15-Nov '15 Sea. Adj. 3,700 ― 16,300 211,000

% Change

2013-2014 4.1% 5.0% 3.1% 1.9%

YTD 2014-2015 3.3 3.8 2.4 2.1

Nov ‘14-Nov ‘15 3.9 4.6 1.5 1.9

Oct ‘15-Nov ‘15 0.7 0.6 0.3 0.2

Oct '15-Nov '15 Sea. Adj. 0.4 ― 0.1 0.1


2013 2014 2014 Nov

2015 Oct

2015 Nov

Percent Change

2013-2014 Nov ‘14- Nov ‘15

Oct ‘15- Nov ‘15


46,000 50,100 50,800 53,100 53,400 8.9% 5.1% 0.6%

Manufacturing 57,200 57,700 57,600 57,000 56,700 0.9 -1.6 -0.5

Wholesale trade 43,700 45,100 46,100 47,700 48,400 3.2 5.0 1.5

Retail trade 93,800 97,300 100,300 99,700 103,100 3.7 2.8 3.4


14,800 15,600 16,100 16,200 16,300 5.4 1.2 0.6

Information 23,900 25,000 25,800 26,300 26,300 4.6 1.9 0.0





Other services 37,900 39,600 39,900 41,100 41,200 4.5 3.3 0.2

Government 169,000 169,800 173,300 172,700 174,800 0.5 0.9 1.2

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs November 2014 November 2015 Difference Percent ch. Rank

San Jose MSA 1,029,700 1,082,000 52,300 5.1% 1


Austin MSA 928,100 964,200 36,100 3.9 3

Dallas MDiv 2,347,400 2,436,300 88,900 3.8 4

San Antonio MSA 964,200 999,500 35,300 3.7 5


Orlando MSA 1,139,400 1,179,300 39,900 3.5 7

Riverside MSA 1,321,200 1,367,300 46,100 3.5 8


Atlanta MSA 2,559,500 2,646,000 86,500 3.4 10









Seasonally adj.

Austin MSA

2013 1,023,307 970,727 52,580 5.1% ―

2014 1,050,972 1,007,352 43,620 4.2 ―

2014 YTD 1,050,871 1,006,505 44,366 4.2 ―

2015 YTD 1,055,115 1,020,116 34,999 3.3 ―

2014 Oct 1,059,360 1,018,842 40,518 3.8 3.9%

2014 Nov 1,058,409 1,019,187 39,222 3.7 3.9

2015 Oct 1,057,544 1,022,140 35,404 3.3 3.3

2015 Nov 1,063,643 1,028,522 35,121 3.3 3.3

Texas

2013 12,904,629 12,104,092 800,537 6.2% ―

2014 13,111,548 12,447,551 663,997 5.1 ―

2014 YTD 13,107,851 12,432,593 675,258 5.2 ―

2015 YTD 13,087,589 12,517,221 570,368 4.4 ―

2014 Oct 13,208,803 12,608,056 600,747 4.5 4.7%

2014 Nov 13,202,845 12,614,267 588,578 4.5 4.6

2015 Oct 13,069,100 12,485,223 583,877 4.5 4.4

2015 Nov 13,100,281 12,506,599 593,682 4.5 4.6

United States

2013 155,389,000 143,929,000 11,460,000 7.4% ―

2014 155,922,000 146,305,000 9,617,000 6.2 ―

2014 YTD 155,958,273 146,224,909 9,733,273 6.2 ―

2015 YTD 157,119,455 148,754,364 8,364,909 5.3 ―

2014 Oct 156,616,000 147,936,000 8,680,000 5.5 5.7%

2014 Nov 156,297,000 147,666,000 8,630,000 5.5 5.8

2015 Oct 157,313,000 149,716,000 7,597,000 4.8 5.0

2015 Nov 157,340,000 149,766,000 7,573,000 4.8 5.0


Difference

2013-2014 36,625 343,459 2,376,000

YTD 2014-2015 13,611 84,628 2,529,455

Nov ‘14-Nov ‘15 9,335 -107,668 2,100,000

Oct ‘15-Nov ‘15 6,382 21,376 50,000

Percent change

2013-2014 3.8% 2.8% 1.7%

YTD 2014-2015 1.4 0.7 1.7

Nov ‘14-Nov ‘15 0.9 -0.9 1.4

Oct ‘15-Nov ‘15 0.6 0.2 0.0

Labor Force, Employment & Unemployment by County, November 2015 Labor Force Employment Unemployment Unemployment Rate

Bastrop 37,036 35,678 1,358 3.7%

Caldwell 17,711 16,955 756 4.3

Hays 93,663 90,499 3,164 3.4

Travis 657,859 636,703 21,156 3.2

Williamson 257,374 248,687 8,687 3.4





Lowest Unemployment Rates Among the 50 Largest Metros November 2014 November 2015 Difference Rank

Minneapolis MSA 3.1% 2.7% -0.4 1

Denver MSA 4.0 3.2 -0.8 2

Austin MSA 3.7 3.3 -0.4 3


Montgomery Co. MDiv 4.0 3.5 -0.5 5

Cleveland MSA 5.3 3.7 -1.6 6


Dallas MDiv 4.4 3.9 -0.5 8




Average Hours & Earnings of All Employees on Private Nonfarm Payrolls Average Weekly Hours Average Hourly Earnings

Austin MSA Texas U.S. Austin MSA Texas U.S.

2013 36.2 36.3 34.4 $25.29 $22.91 $23.96

2014 36.0 36.5 34.5 26.25 23.86 24.47

2014 YTD 35.9 36.5 34.5 26.27 23.82 24.46

2015 YTD 35.6 36.2 34.5 26.36 24.48 25.00

2014 Oct 35.9 36.4 34.5 25.97 24.16 24.53

2014 Nov 36.4 36.9 34.9 26.64 24.39 24.79

2015 Oct 34.9 35.7 34.5 26.66 24.59 25.14

2015 Nov 35.7 36.4 34.8 26.49 24.78 25.38

% Change

2013-2014 -0.6% 0.6% 0.3% 3.8% 4.1% 2.1%

YTD 2014-2015 -1.0 -1.0 0.1 0.3 2.8 2.2

Nov ‘14-Nov ‘15 -1.9 -1.4 -0.3 -0.6 1.6 2.4

Oct ‘15-Nov ‘15 2.3 2.0 0.9 -0.6 0.8 1.0


Metro Business Cycle Index, Oct. 1980=100, Seasonally Adjustedi Austin Dallas Ft. Worth Houston San Antonio

2013 625.0 367.0 327.7 289.8 316.7

2014 683.3 391.2 342.2 308.4 336.7

2014 YTD 680.6 390.0 341.5 307.5 335.7

2015 YTD 745.6 418.1 353.7 318.8 359.9

2014 Oct 701.3 399.0 347.3 315.9 343.6

2014 Nov 706.9 401.6 348.2 317.1 345.6

2015 Oct 766.5 427.5 356.0 319.4 367.8

2015 Nov 771.3 429.8 356.2 319.2 369.6

% Change

2013-2014 9.3% 6.6% 4.4% 6.4% 6.3%

YTD 2014-2015 9.5 7.2 3.6 3.7 7.2

Nov ‘14-Nov ‘15 9.1 7.0 2.3 0.7 6.9

Oct ‘15-Nov ‘15 0.6 0.5 0.1 -0.1 0.5







Consumer Price Index, All Urban Consumers, All Items, 1982-84=100 U.S. city average




2013 ― 233.0 227.8

2014 ― 236.7 231.9

2014 YTD ― 236.9 232.1

2015 YTD ― 237.0 232.4

2014 Oct 237.8 237.4 232.5

2014 Nov 237.1 236.2 231.5

2015 Oct 238.0 237.8 233.3

2015 Nov 238.1 237.3 232.9

% Change

2013-2014 ― 1.6% 1.8%

YTD 2014-2015 ― 0.1 0.1

Nov ‘14-Nov ‘15 0.4% 0.5 0.6

Oct ‘15-Nov ‘15 0.0 -0.2 -0.2



City of Austin


City of Round Rock

City of San Marcos

2014 $182,254,926 $195,778,040 $67,977,433 $24,415,188

2015 195,469,522 211,125,380 67,767,516 25,996,406

2014 Dec 15,043,307 16,398,443 5,153,669 1,866,281

2015 Jan 14,622,060 15,903,038 5,373,941 2,243,977

2015 Dec 15,480,992 17,106,618 5,256,395 2,031,944

2016 Jan 15,531,466 16,941,530 5,260,059 2,304,184

% Change

2014-2015 7.3% 7.8% -0.3% 6.5%

Jan ‘15-Jan ‘16 6.2 6.5 -2.1 2.7

Dec ‘15-Jan ‘16 0.3 -1.0 0.1 13.4


Total Retail


2013 $85,907.3 $2,125,273.7 $31,071.3 $440,262.8

2014 93,796.6 2,319,702.0 33,504.1 490,859.6

2014 YTD 42,403.1 998,149.0 15,683.6 219,318.9

2015 YTD 43,821.9 939,932.2 15,972.3 211,092.4

2014 Q1 20,009.3 481,485.3 7,398.9 104,845.6

2014 Q2 22,393.9 516,663.6 8,284.7 114,473.3

2015 Q1 21,173.4 459,471.5 7,759.7 99,781.1

2015 Q2 22,648.5 480,460.6 8,212.6 111,311.3

% Change

2013-2014 9.2% 9.1% 7.8% 11.5%

YTD 2014-2015 3.3 -5.8 1.8 -3.8

Q2 '14-Q2 '15 1.1 -7.0 -0.9 -2.8

Q1 '15-Q2 '15 7.0 4.6 5.8 11.6







Austin-Bergstrom International Airport Activity Passengersiii Cargo (lbs.)iv

2013 10,017,958 158,553,202

2014 10,718,854 155,440,494

2014 YTD 9,800,040 141,135,719

2015 YTD 10,868,156 143,836,870

2014 Oct 972,968 14,323,258

2014 Nov 883,197 13,285,979

2015 Oct 1,044,747 16,118,511

2015 Nov 1,036,223 11,528,587

% Change

2013-2014 7.0% -2.0%

YTD 2014-2015 10.9 1.9

Nov ‘14-Nov ‘15 17.3 -13.2

Oct ‘15-Nov ‘15 -0.8 -28.5



2014 3,733 29.3%

2015 3,629 28.7

2014 Nov 271 28.2

2014 Dec 342 31.0

2015 Nov 281 28.0

2015 Dec 321 27.6

% Change

2013-2014 -2.8% ―

Dec ‘14-Dec ‘15 -6.1 ―

Nov ‘15-Dec ‘15 14.2 ―


Venture Capital Investment Austin MSA Texas United States Austin as a % of


2013 89 $445.88 $1,324.75 $30,262.33 33.7% 1.5%

2014 114 615.08 1,418.21 50,752.89 43.4 1.2

2014 YTD 82 473.22 926.69 35,086.77 55.8 1.9

2015 YTD 82 627.88 1,147.84 47,169.51 61.7 2.0

2014 Q2 30 164.95 268.11 13,969.82 61.5 1.2

2014 Q3 28 105.99 295.98 10,444.50 35.8 1.0

2015 Q2 27 162.45 222.01 17,287.68 73.2 0.9

2015 Q3 25 198.24 492.81 16,339.39 40.2 1.2

% Change

2013-2014 28.1% 37.9% 7.1% 67.7% — —

YTD 2014-2015 0.0 32.7 23.9 34.4 — —

Q3 '14-Q3 '15 -10.7 87.0 66.5 56.4 — —

Q2 '15-Q3 '15 -7.4 22.0 122.0 -5.5 — —




New Privately-Owned Housing Units Authorized by Building Permitsv Number of housing units Valuation (millions)


Austin MSA

2013 20,852 8,941 11,911 $2,827.380 $1,850.157 $977.223

2014 19,949 11,515 8,434 3,235.961 2,571.504 664.457

2014 YTD 18,952 10,571 8,381 3,033.670 2,375.666 658.004

2015 YTD 19,092 10,705 8,387 3,241.712 2,443.154 798.558

2014 Oct 2,484 998 1,486 345.345 225.367 119.978

2014 Nov 1,100 642 458 187.186 147.510 39.676

2015 Oct 1,440 993 447 281.577 235.765 45.812

2015 Nov 1,318 753 565 209.384 177.475 31.909

% Change

2013-2014 -4.3% 28.8% -29.2% 14.5% 39.0% -32.0%

YTD 2014-2015 0.7 1.3 0.1 6.9 2.8 21.4

Nov ‘14-Nov ‘15 19.8 17.3 23.4 11.9 20.3 -19.6

Oct ‘15-Nov ‘15 -8.5 -24.2 26.4 -25.6 -24.7 -30.3

United States

2013 990,822 620,802 370,020 $177,655.9 $139,570.7 $38,085.2

2014 1,052,124 640,318 411,806 194,349.7 149,633.4 44,716.3

2014 YTD 967,122 592,989 374,133 176,433.4 136,270.5 40,162.8

2015 YTD 1,079,572 639,557 440,015 202,473.7 151,507.6 50,966.1

2014 Oct 98,416 56,938 41,478 17,440.6 13,437.7 4,002.9

2014 Nov 72,830 42,802 30,028 13,459.0 10,071.8 3,387.2

2015 Oct 98,213 59,419 38,794 18,408.5 14,113.1 4,295.4

2015 Nov 90,073 49,283 40,790 17,054.4 11,784.4 5,270.0

% Change

2013-2014 6.2% 3.1% 11.3% 9.4% 7.2% 17.4%

YTD 2014-2015 11.6 7.9 17.6 14.8 11.2 26.9

Nov ‘14-Nov ‘15 23.7 15.1 35.8 26.7 17.0 55.6

Oct ‘15-Nov ‘15 -8.3 -17.1 5.1 -7.4 -16.5 22.7


NAHB/Wells Fargo Housing Opportunity Index (HOI)vi Austin MSA United States

Median sales price


income Median sales

price HOI



2013 $222,750 64.8 $73,200 $200,450 68.1 $64,400 4.09

2014 244,500 59.9 75,400 211,200 63.2 63,900 4.41

2014 Q2 243,000 59.8 75,400 214,000 62.6 63,900 4.44

2014 Q3 244,000 61.2 75,400 220,800 61.8 63,900 4.35

2015 Q2 262,000 59.6 76,800 230,000 63.2 65,800 3.99

2015 Q3 261,000 59.1 76,800 231,000 62.2 65,800 4.18

% Change

2013-2014 9.8% -7.6% 3.0% 5.4% -7.2% -0.8% 7.8%

Q3 '14-Q3 '15 7.0 -3.4 1.9 4.6 0.6 3.0 -3.9

Q2 '15-Q3 '15 -0.4 -0.8 0.0 0.4 -1.6 0.0 4.8






Sales Dollar volume


Austin MSA

2013 30,436 $8,718.870 $286,500 $222,400 6,104 2.6

2014 30,959 9,456.904 305,500 240,400 6,308 2.5

2014 YTD 28,464 8,688.094 305,231 238,182 6,372 2.5

2015 YTD 29,513 9,661.399 327,361 259,309 6,769 2.6

2014 Oct 2,590 797.381 307,900 239,600 6,791 2.7

2014 Nov 2,054 624.788 304,200 242,000 6,126 2.4

2015 Oct 2,567 851.247 331,600 253,700 6,976 2.6

2015 Nov 1,994 680.981 341,500 269,000 6,288 2.4

% Change

2013-2014 1.7% 8.5% 6.6% 8.1% 3.3% -3.8%

YTD 2014-2015 3.7 11.2 7.3 8.9 6.2 2.9

Nov ‘14-Nov ‘15 -2.9 9.0 12.3 11.2 2.6 0.0

Oct ‘15-Nov ‘15 -22.3 -20.0 3.0 6.0 -9.9 -7.7

United States

2013 5,090,000 $1,249,595 $245,500 $197,100 1,860,000 4.9

2014 4,940,000 1,261,182 255,300 208,300 1,860,000 5.2

2014 YTD 4,522,000 1,155,567 255,543 206,573 2,162,727 5.3

2015 YTD 4,818,000 1,282,831 266,258 219,591 2,126,364 4.9

2014 Oct 443,000 112,566 254,100 207,500 2,240,000 5.2

2014 Nov 351,000 89,084 253,800 207,200 2,080,000 5.0

2015 Oct 444,000 116,683 262,800 219,100 2,110,000 4.8

2015 Nov 351,000 92,629 263,900 220,300 2,040,000 5.1

% Change

2013-2014 -2.9% 0.9% 4.0% 5.7% 0.0% 6.1%

YTD 2014-2015 6.5 11.0 4.2 6.3 -1.7 -7.6

Nov ‘14-Nov ‘15 0.0 4.0 4.0 6.3 -1.9 2.0

Oct ‘15-Nov ‘15 -20.9 -20.6 0.4 0.5 -3.3 6.3






Austin MSA


Office

2013 91,070,744 8,037,788 8.8% $28.18

2014 94,948,417 7,653,046 8.1 30.68

2014 Q3 90,498,403 7,789,917 8.6 28.29

2014 Q4 91,070,744 8,037,788 8.8 28.18

2015 Q3 94,086,715 7,839,251 8.3 30.24

2015 Q4 94,948,417 7,653,046 8.1 30.68

% Change

2014-2015 4.3% -4.8% -8.0% 8.9%

Q4 '14-Q4 '15 4.3 -4.8 -8.0 8.9

Q3 '15-Q4 '15 0.9 -2.4 -2.4 1.5

Industrial

2014 93,027,699 6,949,317 7.5% $8.15

2015 94,264,447 5,401,754 5.7 8.75

2014 Q3 92,791,262 7,304,866 7.9 7.89

2014 Q4 93,027,699 6,949,317 7.5 8.15

2015 Q3 94,177,947 5,901,491 6.3 8.62

2015 Q4 94,264,447 5,401,754 5.7 8.75

% Change

2014-2015 1.3% -22.3% -24.0% 7.4%

Q4 '14-Q4 '15 1.3 -22.3 -24.0 7.4

Q3 '15-Q4 '15 0.1 -8.5 -9.5 1.5




i These indexes summarize movements in locally measured nonagricultural employment, the unemployment rate, inflation-adjusted wages and










2013 878,100 709,100 11,206,900 136,393,000

2014 914,200 744,400 11,550,200 139,042,000

2014 YTD 909,900 740,744 11,477,167 138,282,667

2015 YTD 939,078 768,156 11,772,833 141,299,333

2014 Aug 915,500 753,100 11,569,700 139,232,000

2014 Sep 919,200 751,800 11,617,400 139,919,000

2015 Aug 945,100 780,800 11,792,100 142,069,000

2015 Sep 948,500 779,100 11,835,800 142,627,000

Difference

2013-2014 36,100 35,300 343,300 2,649,000

YTD 2014-2015 29,178 27,412 295,666 3,016,666

Sep ‘14-Sep ‘15 29,300 27,300 218,400 2,708,000

Aug ‘15-Sep ‘15 3,400 -1,700 43,700 558,000

Aug '15-Sep '15 Sea. Adj. 1,100 ― 26,600 142,000

% Change

2013-2014 4.1% 5.0% 3.1% 1.9%

YTD 2014-2015 3.2 3.7 2.6 2.2

Sep ‘14-Sep ‘15 3.2 3.6 1.9 1.9

Aug ‘15-Sep ‘15 0.4 -0.2 0.4 0.4

Aug '15-Sep '15 Sea. Adj. 0.1 ― 0.2 0.1


2013 2014 2014 Sep

2015 Aug

2015 Sep

Percent Change

2013-2014 Sep ‘14- Sep ‘15

Aug ‘15- Sep ‘15


46,000 50,100 51,700 52,300 52,500 8.9% 1.5% 0.4%

Manufacturing 57,200 57,700 57,200 57,500 56,800 0.9 -0.7 -1.2

Wholesale trade 43,700 45,100 45,300 47,000 46,900 3.2 3.5 -0.2

Retail trade 93,800 97,300 97,000 98,900 98,900 3.7 2.0 0.0


14,800 15,600 15,900 16,000 16,200 5.4 1.9 1.3

Information 23,900 25,000 25,300 26,200 26,200 4.6 3.6 0.0





Other services 37,900 39,600 39,800 41,400 41,000 4.5 3.0 -1.0

Government 169,000 169,800 167,400 164,300 169,400 0.5 1.2 3.1

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs September 2014 September 2015 Difference Percent ch. Rank

San Jose MSA 1,012,400 1,061,000 48,600 4.8% 1


Orlando MSA 1,114,200 1,155,600 41,400 3.7 3

San Antonio MSA 952,200 987,200 35,000 3.7 4


San Diego MSA 1,346,900 1,393,800 46,900 3.5 6

Dallas MDiv 2,317,000 2,395,800 78,800 3.4 7

Portland MSA 1,081,700 1,117,500 35,800 3.3 8

Seattle MDiv 1,564,700 1,615,600 50,900 3.3 9

Charlotte MSA 1,070,700 1,105,000 34,300 3.2 10

Austin MSA 919,200 948,500 29,300 3.2 11









Seasonally adj.

Austin MSA

2013 1,023,307 970,727 52,580 5.1% ―

2014 1,050,972 1,007,352 43,620 4.2 ―

2014 YTD 1,049,091 1,003,725 45,365 4.3 ―

2015 YTD 1,053,883 1,018,942 34,940 3.3 ―

2014 Aug 1,049,320 1,003,178 46,142 4.4 4.2%

2014 Sep 1,054,750 1,011,668 43,082 4.1 4.0

2015 Aug 1,051,589 1,017,520 34,069 3.2 3.1

2015 Sep 1,053,059 1,018,638 34,421 3.3 3.2

Texas

2013 12,904,629 12,104,092 800,537 6.2% ―

2014 13,111,548 12,447,551 663,997 5.1 ―

2014 YTD 13,086,080 12,392,911 693,168 5.3 ―

2015 YTD 13,088,261 12,521,960 566,301 4.3 ―

2014 Aug 13,093,423 12,399,705 693,718 5.3 4.9%

2014 Sep 13,144,682 12,506,266 638,416 4.9 4.8

2015 Aug 13,030,445 12,460,858 569,587 4.4 4.1

2015 Sep 13,045,613 12,477,636 567,977 4.4 4.2

United States

2013 155,389,000 143,929,000 11,460,000 7.4% ―

2014 155,922,000 146,305,000 9,617,000 6.2 ―

2014 YTD 155,847,556 145,874,667 9,972,889 6.4 ―

2015 YTD 157,073,444 148,535,111 8,538,222 5.4 ―

2014 Aug 156,434,000 146,647,000 9,787,000 6.3 6.1%

2014 Sep 155,903,000 146,941,000 8,962,000 5.7 5.9

2015 Aug 157,390,000 149,228,000 8,162,000 5.2 5.1

2015 Sep 156,607,000 148,980,000 7,628,000 4.9 5.1


Difference

2013-2014 36,625 343,459 2,376,000

YTD 2014-2015 15,217 129,049 2,660,444

Sep ‘14-Sep ‘15 6,970 -28,630 2,039,000

Aug ‘15-Sep ‘15 1,118 16,778 -248,000

Percent change

2013-2014 3.8% 2.8% 1.7%

YTD 2014-2015 1.5 1.0 1.8

Sep ‘14-Sep ‘15 0.7 -0.2 1.4

Aug ‘15-Sep ‘15 0.1 0.1 -0.2

Labor Force, Employment & Unemployment by County, September 2015 Labor Force Employment Unemployment Unemployment Rate

Bastrop 36,772 35,415 1,357 3.7%

Caldwell 17,546 16,825 721 4.1

Hays 92,776 89,660 3,116 3.4

Travis 651,093 630,427 20,666 3.2

Williamson 254,872 246,311 8,561 3.4





Lowest Unemployment Rates Among the 50 Largest Metros September 2014 September 2015 Difference Rank

San Francisco MDiv 4.1% 3.1% -1.0 1


Denver MSA 4.0 3.2 -0.8 3

Austin MSA 4.1 3.3 -0.8 4

Columbus MSA 4.4 3.7 -0.7 5


San Jose MSA 5.0 3.7 -1.3 7

Indianapolis MSA 5.2 3.8 -1.4 8

Dallas MDiv 4.8 3.8 -1.0 9

Cincinnati MSA 4.9 3.9 -1.0 10




2013 36.2 36.3 34.4 $25.29 $22.91 $23.96

2014 36.0 36.5 34.5 26.25 23.86 24.47

2014 YTD 35.9 36.5 34.5 26.27 23.71 24.41

2015 YTD 35.6 36.2 34.5 26.28 24.43 24.94

2014 Aug 36.2 36.7 34.6 25.86 23.69 24.33

2014 Sep 35.8 36.4 34.5 25.84 23.87 24.50

2015 Aug 36.2 36.6 35.1 26.58 24.59 25.04

2015 Sep 34.8 35.3 34.3 25.93 24.37 25.03

% Change

2013-2014 -0.6% 0.6% 0.3% 3.8% 4.1% 2.1%

YTD 2014-2015 -0.8 -0.8 0.0 0.0 3.0 2.2

Sep ‘14-Sep ‘15 -2.8 -3.0 -0.6 0.3 2.1 2.2

Aug ‘15-Sep ‘15 -3.9 -3.6 -2.3 -2.4 -0.9 0.0




2013 625.2 367.0 327.8 289.8 316.8

2014 683.7 391.2 342.6 308.9 336.9

2014 YTD 675.8 387.7 340.5 305.7 334.0

2015 YTD 739.8 414.4 353.1 320.5 357.2

2014 Aug 691.0 394.2 344.6 310.9 339.8

2014 Sep 696.3 396.4 346.0 313.1 341.7

2015 Aug 755.3 419.7 354.4 321.6 362.8

2015 Sep 760.0 421.5 356.3 321.1 364.6

% Change

2013-2014 9.4% 6.6% 4.5% 6.6% 6.3%

YTD 2014-2015 9.5 6.9 3.7 4.8 6.9

Sep ‘14-Sep ‘15 9.1 6.3 3.0 2.6 6.7

Aug ‘15-Sep ‘15 0.6 0.4 0.5 -0.2 0.5








U.S. city average




2013 ― 233.0 227.8

2014 ― 236.7 231.9

2014 YTD ― 236.9 232.1

2015 YTD ― 236.9 232.2

2014 Aug 237.4 237.9 232.9

2014 Sep 237.6 238.0 233.1

2015 Aug 237.9 238.3 233.5

2015 Sep 237.6 237.9 233.5

% Change

2013-2014 ― 1.6% 1.8%

YTD 2014-2015 ― 0.0 0.0

Sep ‘14-Sep ‘15 0.0% 0.0 0.2

Aug ‘15-Sep ‘15 -0.1 -0.2 0.0



City of Austin


City of Round Rock

City of San Marcos

2013 $167,597,270 $178,881,668 $67,452,273 $23,151,925

2014 182,254,926 195,778,040 67,977,433 24,415,188

2014 YTD 167,211,619 179,379,597 62,823,764 22,548,908

2015 YTD 179,988,530 194,018,761 62,511,122 23,964,462

2014 Oct 14,325,177 15,554,468 5,156,946 2,177,009

2014 Nov 16,762,713 17,985,702 5,568,211 2,154,820

2015 Oct 15,432,047 16,825,400 5,050,895 2,304,626

2015 Nov 17,931,048 19,366,968 5,733,164 2,109,260

% Change

2013-2014 8.7% 9.4% 0.8% 5.5%

YTD 2014-2015 7.6 8.2 -0.5 6.3

Nov ‘14-Nov ‘15 7.0 7.7 3.0 -2.1

Oct ‘15-Nov ‘15 16.2 15.1 13.5 -8.5


Total Retail


2013 $85,907.3 $2,125,273.7 $31,071.3 $440,262.8

2014 93,796.6 2,319,702.0 33,504.1 490,859.6

2013 Q4 25,758.8 733,700.4 8,820.4 132,434.7

2014 Q1 20,009.3 481,485.3 7,399.9 104,906.1

2014 Q4 28,363.2 774,499.9 9,500.5 148,368.4

2015 Q1 21,319.0 459,022.3 7,728.3 99,686.6

% Change

2013-2014 9.2% 9.1% 7.8% 11.5%

Q1 '14-Q1 '15 6.5 -4.7 4.4 -5.0

Q4 '14-Q1 '15 -24.8 -40.7 -18.7 -32.8









2013 10,017,958 158,553,202

2014 10,718,854 155,440,494

2014 YTD 7,085,617 100,677,371

2015 YTD 7,822,211 101,847,537

2014 Jul 1,006,417 11,851,572

2014 Aug 959,640 12,245,485

2015 Jul 1,165,811 12,204,077

2015 Aug 1,062,997 11,871,872

% Change

2013-2014 7.0% -2.0%

YTD 2014-2015 10.4 1.2

Aug ‘14-Aug ‘15 10.8 -3.1

Jul ‘15-Aug ‘15 -8.8 -2.7



2013 3,566 30.6%

2014 3,733 29.3

2014 YTD 3,120 29.3

2015 YTD 3,027 28.8

2014 Sep 385 31.0

2014 Oct 280 27.9

2015 Sep 397 30.5

2015 Oct 252 26.4

% Change

2013-2014 4.7% ―

YTD 2014-2015 -3.0 ―

Oct ‘14-Oct ‘15 -10.0 ―

Sep ‘15-Oct ‘15 -36.5 ―





2013 89 $445.88 $1,324.75 $30,262.33 33.7% 1.5%

2014 114 615.08 1,418.21 50,752.89 43.4 1.2

2014 YTD 82 473.22 926.69 35,086.77 55.8 1.9

2015 YTD 82 627.88 1,147.84 47,169.51 61.7 2.0

2014 Q2 30 164.95 268.11 13,969.82 61.5 1.2

2014 Q3 28 105.99 295.98 10,444.50 35.8 1.0

2015 Q2 27 162.45 222.01 17,287.68 73.2 0.9

2015 Q3 25 198.24 492.81 16,339.39 40.2 1.2

% Change

2013-2014 28.1% 37.9% 7.1% 67.7% — —

YTD 2014-2015 0.0 32.7 23.9 34.4 — —

Q3 '14-Q3 '15 -10.7 87.0 66.5 56.4 — —

Q2 '15-Q3 '15 -7.4 22.0 122.0 -5.5 — —







Austin MSA

2013 20,852 8,941 11,911 $2,827.380 $1,850.157 $977.223

2014 19,949 11,515 8,434 3,235.961 2,571.504 664.457

2014 YTD 16,115 9,024 7,091 2,533.091 1,990.626 542.465

2015 YTD 16,054 8,975 7,079 2,731.728 2,032.742 698.986

2014 Aug 2,272 962 1,310 286.526 205.085 81.441

2014 Sep 2,018 948 1,070 286.775 200.821 85.954

2015 Aug 1,936 781 1,155 281.922 180.364 101.558

2015 Sep 1,620 761 859 252.805 180.528 72.277

% Change

2013-2014 -4.3% 28.8% -29.2% 14.5% 39.0% -32.0%

YTD 2014-2015 -0.4 -0.5 -0.2 7.8 2.1 28.9

Sep ‘14-Sep ‘15 -19.7 -19.7 -19.7 -11.8 -10.1 -15.9

Aug ‘15-Sep ‘15 -16.3 -2.6 -25.6 -10.3 0.1 -28.8

United States

2013 990,822 620,802 370,020 $177,655.9 $139,570.7 $38,085.2

2014 1,052,124 640,318 411,806 194,349.7 149,633.4 44,716.3

2014 YTD 795,876 493,249 302,627 145,533.8 112,761.0 32,772.8

2015 YTD 889,310 529,978 359,332 166,725.0 125,103.2 41,621.8

2014 Aug 90,264 56,295 33,969 16,112.3 12,716.4 3,395.9

2014 Sep 92,704 55,984 36,720 16,688.5 12,729.2 3,959.3

2015 Aug 97,198 61,099 36,099 18,612.9 14,514.1 4,098.9

2015 Sep 97,213 59,443 37,770 18,481.7 14,042.2 4,439.5

% Change

2013-2014 6.2% 3.1% 11.3% 9.4% 7.2% 17.4%

YTD 2014-2015 11.7 7.4 18.7 14.6 10.9 27.0

Sep ‘14-Sep ‘15 4.9 6.2 2.9 10.7 10.3 12.1

Aug ‘15-Sep ‘15 0.0 -2.7 4.6 -0.7 -3.3 8.3




Median sales price


income Median sales

price HOI



2013 $222,750 64.8 $73,200 $200,450 68.1 $64,400 4.09%

2014 244,500 59.9 75,400 211,200 63.2 63,900 4.41

2014 Q1 247,000 57.2 75,400 195,000 65.5 63,900 4.57

2014 Q2 243,000 59.8 75,400 214,000 62.6 63,900 4.44

2015 Q1 245,000 64.6 76,800 210,000 66.5 65,800 4.03

2015 Q2 262,000 59.6 76,800 230,000 63.2 65,800 3.99

% Change

2013-2014 9.8% -7.6% 3.0% 5.4% -7.2% -0.8% 7.8%

Q2 '14-Q2 '15 7.8 -0.3 1.9 7.5 1.0 3.0 -10.1

Q1 '15-Q2 '15 6.9 -7.7 0.0 9.5 -5.0 0.0 -1.0






Sales Dollar volume


Austin MSA

2013 30,436 $8,718.870 $286,500 $222,400 6,104 2.6

2014 30,954 9,455.901 305,500 240,500 7,199 2.5

2014 YTD 23,820 7,265.925 305,035 237,600 6,353 2.5

2015 YTD 24,925 8,124.581 325,961 258,967 6,800 2.6

2014 Aug 3,022 926.779 306,700 243,800 7,326 2.9

2014 Sep 2,664 813.798 305,500 238,900 7,072 2.8

2015 Aug 3,155 1,022.813 324,200 263,200 7,668 2.9

2015 Sep 2,872 914.176 318,300 256,200 7,424 2.8

% Change

2013-2014 1.7% 8.5% 6.6% 8.1% 17.9% -3.8%

YTD 2014-2015 4.6 11.8 6.9 9.0 7.0 4.0

Sep ‘14-Sep ‘15 7.8 12.3 4.2 7.2 5.0 0.0

Aug ‘15-Sep ‘15 -9.0 -10.6 -1.8 -2.7 -3.2 -3.4

United States

2013 5,090,000 $1,249,595 $245,500 $197,100 1,860,000 4.9

2014 4,940,000 1,261,182 255,300 208,300 1,860,000 5.2

2014 YTD 3,728,000 953,917 255,879 206,400 2,163,333 5.3

2015 YTD 4,023,000 1,073,472 266,834 219,589 2,140,000 4.9

2014 Aug 479,000 126,360 263,800 218,400 2,330,000 5.6

2014 Sep 436,000 111,180 255,000 209,100 2,280,000 5.4

2015 Aug 504,000 136,735 271,300 228,500 2,270,000 5.1

2015 Sep 471,000 124,815 265,000 221,900 2,210,000 4.8

% Change

2013-2014 -2.9% 0.9% 4.0% 5.7% 0.0% 6.1%

YTD 2014-2015 7.9 12.5 4.3 6.4 -1.1 -7.5

Sep ‘14-Sep ‘15 8.0 12.3 3.9 6.1 -3.1 -11.1

Aug ‘15-Sep ‘15 -6.5 -8.7 -2.3 -2.9 -2.6 -5.9






Austin MSA


Office

2013 89,809,969 8,747,719 9.7% $26.66

2014 91,300,297 8,405,899 9.2 27.78

2014 Q2 90,628,026 8,688,278 9.6 27.37

2014 Q3 90,727,956 8,150,028 9.0 27.89

2015 Q2 93,135,523 8,547,928 9.2 29.60

2015 Q3 94,315,834 8,227,690 8.7 29.97

% Change

2013-2014 1.7% -3.9% -5.2% 4.2%

Q3 '14-Q3 '15 4.0 1.0 -3.3 7.5

Q2 '15-Q3 '15 1.3 -3.7 -5.4 1.2

Industrial

2013 91,555,833 6,616,387 7.2% $7.08

2014 92,309,414 6,868,852 7.4 7.87

2014 Q2 92,043,477 7,324,692 8.0 7.36

2014 Q3 92,072,977 7,231,501 7.9 7.64

2015 Q2 92,942,394 6,265,485 6.7 8.11

2015 Q3 93,466,769 5,946,363 6.4 8.35

% Change

2013-2014 0.8% 3.8% 2.8% 11.2%

Q3 '14-Q3 '15 1.5 -17.8 -19.0 9.3

Q2 '15-Q3 '15 0.6 -5.1 -4.5 3.0













2013 878,100 709,100 11,206,900 136,393,000

2014 914,200 744,400 11,550,200 139,042,000

2014 YTD 908,738 739,363 11,459,638 138,078,125

2015 YTD 938,088 766,975 11,763,713 141,140,000

2014 Jul 912,400 748,200 11,524,900 138,841,000

2014 Aug 915,500 753,100 11,569,700 139,232,000

2015 Jul 945,400 779,300 11,803,000 141,868,000

2015 Aug 946,600 782,300 11,782,100 142,126,000

Difference

2013-2014 36,100 35,300 343,300 2,649,000

YTD 2014-2015 29,350 27,612 304,075 3,061,875

Aug ‘14-Aug ‘15 31,100 29,200 212,400 2,894,000

Jul ‘15-Aug ‘15 1,200 3,000 -20,900 258,000

Jul '15-Aug '15 Sea. Adj. 900 ― -13,700 173,000

% Change

2013-2014 4.1% 5.0% 3.1% 1.9%

YTD 2014-2015 3.2 3.7 2.7 2.2

Aug ‘14-Aug ‘15 3.4 3.9 1.8 2.1

Jul ‘15-Aug ‘15 0.1 0.4 -0.2 0.2

Jul '15-Aug '15 Sea. Adj. 0.1 ― -0.1 0.1


2013 2014 2014 Aug

2015 Jul

2015 Aug

Percent Change

2013-2014 Aug‘14- Aug‘15

Jul ‘15- Aug ‘15


46,000 50,100 51,900 52,100 52,000 8.9% 0.2% -0.2%

Manufacturing 57,200 57,700 57,900 57,700 57,700 0.9 -0.3 0.0

Wholesale trade 43,700 45,100 45,200 46,400 46,700 3.2 3.3 0.6

Retail trade 93,800 97,300 97,700 98,600 99,200 3.7 1.5 0.6


14,800 15,600 15,500 16,000 16,000 5.4 3.2 0.0

Information 23,900 25,000 25,400 26,200 26,100 4.6 2.8 -0.4





Other services 37,900 39,600 40,300 41,400 41,400 4.5 2.7 0.0

Government 169,000 169,800 162,400 166,100 164,300 0.5 1.2 -1.1

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs August 2014 August 2015 Difference Percent ch. Rank

San Jose MSA 1,007,300 1,062,800 55,500 5.5% 1


Charlotte MSA 1,065,200 1,107,700 42,500 4.0 3

Portland MSA 1,075,400 1,118,300 42,900 4.0 4

Orlando MSA 1,114,600 1,156,700 42,100 3.8 5

Dallas MDiv 2,309,800 2,394,700 84,900 3.7 6



Seattle MDiv 1,564,100 1,620,100 56,000 3.6 9

Riverside MSA 1,280,000 1,324,500 44,500 3.5 10

Austin MSA 915,500 946,600 31,100 3.4 11









Seasonally adj.

Austin MSA

2013 1,023,307 970,727 52,580 5.1% ―

2014 1,050,972 1,007,352 43,620 4.2 ―

2014 YTD 1,048,383 1,002,732 45,651 4.4 ―

2015 YTD 1,054,228 1,019,222 35,006 3.3 ―

2014 Jul 1,055,646 1,007,809 47,837 4.5 4.2%

2014 Aug 1,049,320 1,003,178 46,142 4.4 4.2

2015 Jul 1,056,600 1,020,108 36,492 3.5 3.2

2015 Aug 1,053,527 1,019,453 34,074 3.2 3.1

Texas

2013 12,904,629 12,104,092 800,537 6.2% ―

2014 13,111,548 12,447,551 663,997 5.1 ―

2014 YTD 13,078,754 12,378,742 700,012 5.4 ―

2015 YTD 13,093,472 12,527,353 566,119 4.3 ―

2014 Jul 13,178,720 12,450,375 728,345 5.5 5.0%

2014 Aug 13,093,423 12,399,705 693,718 5.3 4.9

2015 Jul 13,082,139 12,485,043 597,096 4.6 4.2

2015 Aug 13,029,483 12,459,675 569,808 4.4 4.1

United States

2013 155,389,000 143,929,000 11,460,000 7.4% ―

2014 155,922,000 146,305,000 9,617,000 6.2 ―

2014 YTD 155,840,625 145,741,375 10,099,250 6.5 ―

2015 YTD 157,131,750 148,479,500 8,652,000 5.5 ―

2014 Jul 157,573,000 147,265,000 10,307,000 6.5 6.2%

2014 Aug 156,434,000 146,647,000 9,787,000 6.3 6.1

2015 Jul 158,527,000 149,722,000 8,805,000 5.6 5.3

2015 Aug 157,390,000 149,228,000 8,162,000 5.2 5.1


Difference

2013-2014 36,625 343,459 2,376,000

YTD 2014-2015 16,490 148,611 2,738,125

Aug ‘14-Aug ‘15 16,275 59,970 2,581,000

Jul ‘15-Aug ‘15 -655 -25,368 -494,000

Percent change

2013-2014 3.8% 2.8% 1.7%

YTD 2014-2015 1.6 1.2 1.9

Aug ‘14-Aug ‘15 1.6 0.5 1.8

Jul ‘15-Aug ‘15 -0.1 -0.2 -0.3

Labor Force, Employment & Unemployment by County, August 2015 Labor Force Employment Unemployment Unemployment Rate

Bastrop 36,798 35,411 1,387 3.8%

Caldwell 17,547 16,826 721 4.1

Hays 92,802 89,728 3,074 3.3

Travis 651,321 630,892 20,429 3.1

Williamson 255,059 246,596 8,463 3.3





Lowest Unemployment Rates Among the 50 Largest Metros August 2014 August 2015 Difference Rank

Austin MSA 4.4% 3.2% -1.2 1




Denver MSA 4.5 3.6 -0.8 5

Seattle MDiv 4.8 3.7 -1.2 6


Dallas MDiv 5.2 3.8 -1.4 8


Cincinnati MSA 5.3 3.9 -1.4 10




2013 36.2 36.3 34.4 $25.29 $22.91 $23.96

2014 36.0 36.5 34.5 26.25 23.86 24.47

2014 YTD 35.9 36.5 34.5 26.32 23.69 24.40

2015 YTD 35.8 36.3 34.6 26.33 24.43 24.93

2014 Jul 36.0 36.4 34.5 26.25 23.69 24.31

2014 Aug 36.2 36.7 34.6 25.86 23.69 24.33

2015 Jul 35.5 36.2 34.5 25.95 24.21 24.83

2015 Aug 36.7 36.8 35.1 26.61 24.54 25.04

% Change

2013-2014 -0.6% 0.6% 0.3% 3.8% 4.1% 2.1%

YTD 2014-2015 -0.3 -0.5 0.3 0.0 3.1 2.2

Aug ‘14-Aug ‘15 1.4 0.3 1.4 2.9 3.6 2.9

Jul ‘15-Aug ‘15 3.4 1.7 1.7 2.5 1.4 0.8




2013 625.0 367.0 327.7 289.7 316.7

2014 681.6 391.0 342.6 308.4 336.2

2014 YTD 671.7 386.6 339.9 304.4 332.5

2015 YTD 734.2 412.5 352.3 319.4 354.0

2014 Jul 683.7 391.8 343.3 308.7 337.2

2014 Aug 688.6 393.9 344.5 310.3 339.0

2015 Jul 748.0 417.4 354.5 320.5 358.2

2015 Aug 753.4 419.2 353.9 319.9 359.8

% Change

2013-2014 9.1% 6.5% 4.5% 6.5% 6.2%

YTD 2014-2015 9.3 6.7 3.6 4.9 6.5

Aug ‘14-Aug ‘15 9.4 6.4 2.7 3.1 6.1

Jul ‘15-Aug ‘15 0.7 0.4 -0.2 -0.2 0.4








U.S. city average




2013 ― 233.0 227.8

2014 ― 236.7 231.9

2014 YTD ― 236.8 232.0

2015 YTD ― 236.8 232.1

2014 Jul 237.6 238.3 233.2

2014 Aug 237.4 237.9 232.9

2015 Jul 238.1 238.7 233.7

2015 Aug 237.9 238.3 233.5

% Change

2013-2014 ― 1.6% 1.8%

YTD 2014-2015 ― 0.0 0.0

Aug ‘14-Aug ‘15 0.2% 0.2 0.3

Jul ‘15-Aug ‘15 -0.1 -0.2 -0.1



City of Austin


City of Round Rock

City of San Marcos

2013 $167,597,270 $178,881,668 $67,452,273 $23,151,925

2014 182,254,926 195,778,040 67,977,433 24,415,188

2014 YTD 150,448,907 161,393,895 57,255,554 20,394,088

2015 YTD 162,057,483 174,651,794 56,777,957 21,855,201

2014 Sep 14,457,226 15,818,992 5,585,743 2,155,236

2014 Oct 14,325,177 15,554,468 5,156,946 2,177,009

2015 Sep 15,458,252 16,844,833 6,085,802 2,225,875

2015 Oct 15,432,047 16,825,400 5,050,895 2,304,626

% Change

2013-2014 8.7% 9.4% 0.8% 5.5%

YTD 2014-2015 7.7 8.2 -0.8 7.2

Oct ‘14-Oct ‘15 7.7 8.2 -2.1 5.9

Sep ‘15-Oct ‘15 -0.2 -0.1 -17.0 3.5


Total Retail


2013 $85,907.3 $2,125,273.7 $31,071.3 $440,262.8

2014 93,796.6 2,319,702.0 33,504.1 490,859.6

2013 Q4 25,758.8 733,700.4 8,820.4 132,434.7

2014 Q1 20,009.3 481,485.3 7,399.9 104,906.1

2014 Q4 28,363.2 774,499.9 9,500.5 148,368.4

2015 Q1 21,319.0 459,022.3 7,728.3 99,686.6

% Change

2013-2014 9.2% 9.1% 7.8% 11.5%

Q1 '14-Q1 '15 6.5 -4.7 4.4 -5.0

Q4 '14-Q1 '15 -24.8 -40.7 -18.7 -32.8









2013 10,017,958 158,553,202

2014 10,718,854 155,440,494

2014 YTD 7,085,617 100,677,371

2015 YTD 7,822,211 101,847,537

2014 Jul 1,006,417 11,851,572

2014 Aug 959,640 12,245,485

2015 Jul 1,165,811 12,204,077

2015 Aug 1,062,997 11,871,872

% Change

2013-2014 7.0% -2.0%

YTD 2014-2015 10.4 1.2

Aug ‘14-Aug ‘15 10.8 -3.1

Jul ‘15-Aug ‘15 -8.8 -2.7



2013 3,566 30.6%

2014 3,733 29.3

2014 YTD 2,455 29.2

2015 YTD 2,378 28.9

2014 Jul 412 31.3

2014 Aug 297 28.3

2015 Jul 308 29.6

2015 Aug 303 29.9

% Change

2013-2014 4.7% ―

YTD 2014-2015 -3.1 ―

Aug ‘14-Aug ‘15 2.0 ―

Jul ‘15-Aug ‘15 -1.6 ―





2013 89 $445.88 $1,334.75 $30,197.54 33.4% 1.5%

2014 114 615.08 1,418.21 50,297.30 43.4 1.2

2014 YTD 54 367.23 630.71 24,337.18 55.8 1.9

2015 YTD 57 429.64 665.50 30,999.18 62.4 2.0

2014 Q1 24 202.28 362.60 10,641.45 55.8 1.9

2014 Q2 30 164.95 268.11 13,695.73 61.5 1.2

2015 Q1 30 267.19 428.49 13,481.30 62.4 2.0

2015 Q2 27 162.45 237.01 17,517.88 68.5 0.9

% Change

2013-2014 28.1% 37.9% 6.3% 66.6% — —

YTD 2014-2015 5.6 17.0 5.5 27.4 — —

Q2 '14-Q2 '15 -10.0 -1.5 -11.6 27.9 — —

Q1 '15-Q2 '15 -10.0 -39.2 -44.7 29.9 — —







Austin MSA

2013 20,852 8,941 11,911 $2,827.380 $1,850.157 $977.223

2014 19,949 11,515 8,434 3,235.961 2,571.504 664.457

2014 YTD 14,058 8,002 6,056 2,240.846 1,781.609 459.237

2015 YTD 14,358 8,192 6,166 2,481.164 1,855.635 625.529

2014 Jul 2,123 1,069 1,054 313.241 241.785 71.456

2014 Aug 2,272 962 1,310 286.526 205.085 81.441

2015 Jul 1,512 1,109 403 284.679 245.902 38.777

2015 Aug 1,936 781 1,155 281.922 180.364 101.558

% Change

2013-2014 -4.3% 28.8% -29.2% 14.5% 39.0% -32.0%

YTD 2014-2015 2.1 2.4 1.8 10.7 4.2 36.2

Aug ‘14-Aug ‘15 -14.8 -18.8 -11.8 -1.6 -12.1 24.7

Jul ‘15-Aug ‘15 28.0 -29.6 186.6 -1.0 -26.7 161.9

United States

2013 990,822 620,802 370,020 $177,655.9 $139,570.7 $38,085.2

2014 1,052,124 640,318 411,806 194,349.7 149,633.4 44,716.3

2014 YTD 703,172 437,265 265,907 128,845.3 100,031.8 28,813.5

2015 YTD 791,293 470,910 320,383 148,233.1 111,136.5 37,096.5

2014 Jul 97,132 61,009 36,123 18,030.7 13,952.5 4,078.2

2014 Aug 90,264 56,295 33,969 16,112.3 12,716.4 3,395.9

2015 Jul 102,024 64,931 37,093 19,457.7 15,397.7 4,060.0

2015 Aug 97,198 61,099 36,099 18,612.9 14,514.1 4,098.9

% Change

2013-2014 6.2% 3.1% 11.3% 9.4% 7.2% 17.4%

YTD 2014-2015 12.5 7.7 20.5 15.0 11.1 28.7

Aug ‘14-Aug ‘15 7.7 8.5 6.3 15.5 14.1 20.7

Jul ‘15-Aug ‘15 -4.7 -5.9 -2.7 -4.3 -5.7 1.0




Median sales price


income Median sales

price HOI



2013 $222,750 64.8 $73,200 $200,450 68.1 $64,400 4.09%

2014 244,500 59.9 75,400 211,200 63.2 63,900 4.41

2014 Q1 247,000 57.2 75,400 195,000 65.5 63,900 4.57

2014 Q2 243,000 59.8 75,400 214,000 62.6 63,900 4.44

2015 Q1 245,000 64.6 76,800 210,000 66.5 65,800 4.03

2015 Q2 262,000 59.6 76,800 230,000 63.2 65,800 3.99

% Change

2013-2014 9.8% -7.6% 3.0% 5.4% -7.2% -0.8% 7.8%

Q2 '14-Q2 '15 7.8 -0.3 1.9 7.5 1.0 3.0 -10.1

Q1 '15-Q2 '15 6.9 -7.7 0.0 9.5 -5.0 0.0 -1.0






Sales Dollar volume


Austin MSA

2013 30,436 $8,718.870 $286,500 $222,400 6,104 2.6

2014 30,952 9,455.386 305,500 240,500 6,308 2.5

2014 YTD 21,156 6,452.127 304,979 237,438 6,263 2.5

2015 YTD 22,110 7,228.508 326,934 259,375 6,722 2.6

2014 Jul 3,151 982.086 311,700 246,900 7,475 2.9

2014 Aug 3,022 926.779 306,700 243,800 7,326 2.9

2015 Jul 3,405 1,126.347 330,800 263,800 7,913 3.0

2015 Aug 3,248 1,051.142 323,600 263,100 7,668 2.9

% Change

2013-2014 1.7% 8.4% 6.6% 8.1% 3.3% -3.8%

YTD 2014-2015 4.5 12.0 7.2 9.2 7.3 4.0

Aug ‘14-Aug ‘15 7.5 13.4 5.5 7.9 4.7 0.0

Jul ‘15-Aug ‘15 -4.6 -6.7 -2.2 -0.3 -3.1 -3.3

United States

2013 5,090,000 $1,249,595 $245,500 $197,100 1,860,000 4.9

2014 4,940,000 1,261,182 255,300 208,300 1,860,000 5.2

2014 YTD 3,292,000 842,737 255,995 206,063 2,148,750 5.3

2015 YTD 3,553,000 949,080 267,121 219,325 2,133,750 4.9

2014 Jul 494,000 132,145 267,500 221,600 2,350,000 5.6

2014 Aug 479,000 126,360 263,800 218,400 2,330,000 5.6

2015 Jul 551,000 152,021 275,900 231,800 2,260,000 4.9

2015 Aug 505,000 137,158 271,600 228,700 2,290,000 5.2

% Change

2013-2014 -2.9% 0.9% 4.0% 5.7% 0.0% 6.1%

YTD 2014-2015 7.9 12.6 4.3 6.4 -0.7 -7.5

Aug ‘14-Aug ‘15 5.4 8.5 3.0 4.7 -1.7 -7.1

Jul ‘15-Aug ‘15 -8.3 -9.8 -1.6 -1.3 1.3 6.1






Austin MSA


Office

2013 89,809,969 8,747,719 9.7% $26.66

2014 91,300,297 8,405,899 9.2 27.78

2014 Q2 90,628,026 8,688,278 9.6 27.37

2014 Q3 90,727,956 8,150,028 9.0 27.89

2015 Q2 93,135,523 8,547,928 9.2 29.60

2015 Q3 94,315,834 8,227,690 8.7 29.97

% Change

2013-2014 1.7% -3.9% -5.2% 4.2%

Q3 '14-Q3 '15 4.0 1.0 -3.3 7.5

Q2 '15-Q3 '15 1.3 -3.7 -5.4 1.2

Industrial

2013 91,555,833 6,616,387 7.2% $7.08

2014 92,309,414 6,868,852 7.4 7.87

2014 Q2 92,043,477 7,324,692 8.0 7.36

2014 Q3 92,072,977 7,231,501 7.9 7.64

2015 Q2 92,942,394 6,265,485 6.7 8.11

2015 Q3 93,466,769 5,946,363 6.4 8.35

% Change

2013-2014 0.8% 3.8% 2.8% 11.2%

Q3 '14-Q3 '15 1.5 -17.8 -19.0 9.3

Q2 '15-Q3 '15 0.6 -5.1 -4.5 3.0













2013 878,100 709,100 11,206,900 136,393,000

2014 914,200 744,400 11,550,200 139,042,000

2014 YTD 904,480 732,860 11,400,860 137,332,200

2015 YTD 932,600 759,340 11,735,680 140,471,600

2014 Apr 911,600 739,200 11,480,500 138,377,000

2014 May 915,200 743,200 11,544,800 139,297,000

2015 Apr 940,600 766,500 11,785,600 141,450,000

2015 May 947,400 773,800 11,831,800 142,420,000

Difference

2013-2014 36,100 35,300 343,300 2,649,000

YTD 2014-2015 28,120 26,480 334,820 3,139,400

May ‘14-May ‘15 32,200 30,600 287,000 3,123,000

Apr ‘15-May ‘15 6,800 7,300 46,200 970,000

May '15-May '15 Sea. Adj. 7,700 ̶ 33,200 280,000

% Change

2013-2014 4.1% 5.0% 3.1% 1.9%

YTD 2014-2015 3.1 3.6 2.9 2.3

May ‘14-May ‘15 3.5 4.1 2.5 2.2

Apr ‘15-May ‘15 0.7 1.0 0.4 0.7

May '15-May '15 Sea. Adj. 0.8 ̶ 0.3 0.2


2013 2014 2014 May

2015 Apr

2015 May

Percent Change

2013-2014 May ‘14- May ‘15

Apr ‘15- May ‘15


46,000 50,100 50,000 51,500 51,500 8.9% 3.0% 0.0%

Manufacturing 57,200 57,700 57,700 58,300 58,000 0.9 0.5 -0.5

Wholesale trade 43,700 45,100 44,500 46,600 47,200 3.2 6.1 1.3

Retail trade 93,800 97,300 96,100 98,000 98,100 3.7 2.1 0.1


14,800 15,600 15,400 15,900 16,000 5.4 3.9 0.6

Information 23,900 25,000 24,200 25,900 25,800 4.6 6.6 -0.4





Other services 37,900 39,600 39,600 40,700 40,900 4.5 3.3 0.5

Government 169,000 169,800 172,000 174,100 173,600 0.5 0.9 -0.3

Best Performing Among the 50 Largest Metros: Non-Farm Payroll Jobs May 2014 May 2015 Difference Percent ch. Rank

San Jose MSA 1,000,300 1,057,400 57,100 5.7% 1


Riverside MSA 1,280,400 1,332,200 51,800 4.0 3

Orlando MSA 1,109,200 1,153,200 44,000 4.0 4


Dallas MDiv 2,286,600 2,372,600 86,000 3.8 6

Seattle MDiv 1,543,000 1,599,000 56,000 3.6 7

Austin MSA 915,200 947,400 32,200 3.5 8


Anaheim MDiv 1,498,100 1,548,800 50,700 3.4 10









Seasonally adj.

Austin MSA

2013 1,023,307 970,727 52,580 5.1% ―

2014 1,050,972 1,007,352 43,620 4.2 ―

2014 YTD 1,045,385 1,000,442 44,943 4.3 ―

2015 YTD 1,053,297 1,018,474 34,823 3.3 ―

2014 Apr 1,047,427 1,007,372 40,055 3.8 4.2%

2014 May 1,049,053 1,006,036 43,017 4.1 4.2

2015 Apr 1,055,950 1,024,388 31,562 3.0 3.3

2015 May 1,060,249 1,027,271 32,978 3.1 3.2

Texas

2013 12,904,629 12,104,092 800,537 6.2% ―

2014 13,111,548 12,447,551 663,997 5.1 ―

2014 YTD 13,039,166 12,346,511 692,655 5.3 ―

2015 YTD 13,107,668 12,551,225 556,444 4.2 ―

2014 Apr 13,049,127 12,426,530 622,597 4.8 5.2%

2014 May 13,094,829 12,436,901 657,928 5.0 5.1

2015 Apr 13,094,520 12,573,130 521,390 4.0 4.2

2015 May 13,114,000 12,575,341 538,659 4.1 4.3

United States

2013 155,389,000 143,929,000 11,460,000 7.4% ―

2014 155,922,000 146,305,000 9,617,000 6.2 ―

2014 YTD 155,144,200 144,983,000 10,161,400 6.5 ―

2015 YTD 156,570,800 147,848,200 8,722,200 5.6 ―

2014 Apr 154,845,000 145,767,000 9,079,000 5.9 6.2%

2014 May 155,841,000 146,398,000 9,443,000 6.1 6.3

2015 Apr 156,554,000 148,587,000 7,966,000 5.1 5.4

2015 May 157,719,000 149,349,000 8,370,000 5.3 5.5


Difference

2013-2014 36,625 343,459 2,376,000

YTD 2014-2015 18,032 204,714 2,865,200

May ‘14-May ‘15 21,235 138,440 2,951,000

Apr ‘15-May ‘15 2,883 2,211 762,000

Percent change

2013-2014 3.8% 2.8% 1.7%

YTD 2014-2015 1.8 1.7 2.0

May ‘14-May ‘15 2.1 1.1 2.0

Apr ‘15-May ‘15 0.3 0.0 0.5

Labor Force, Employment & Unemployment by County, May 2015 Labor Force Employment Unemployment Unemployment Rate

Bastrop 37,116 35,813 1,303 3.5%

Caldwell 17,691 17,003 688 3.9

Hays 93,434 90,436 2,998 3.2

Travis 655,604 635,872 19,732 3.0

Williamson 256,404 248,147 8,257 3.2





Lowest Unemployment Rates Among the 50 Largest Metros May 2014 May 2015 Difference Rank

Austin MSA 4.1% 3.1% -1.0 1




Dallas MDiv 5.0 3.7 -1.3 5


Seattle MDiv 4.5 3.8 -0.7 7



Denver MSA 4.8 4.1 -0.7 10




2013 36.2 36.3 34.4 $25.29 $22.91 $23.96

2014 36.0 36.5 34.5 26.25 23.86 24.47

2014 YTD 35.7 36.4 34.4 26.44 23.66 24.43

2015 YTD 35.7 36.2 34.5 26.39 24.50 24.95

2014 Apr 35.6 36.3 34.4 26.61 23.64 24.40

2014 May 35.5 36.2 34.4 26.56 23.74 24.31

2015 Apr 35.5 36.0 34.4 26.18 24.39 24.92

2015 May 34.9 35.8 34.4 26.23 24.41 24.87

% Change

2013-2014 -0.6% 0.6% 0.3% 3.8% 4.1% 2.1%

YTD 2014-2015 0.0 -0.5 0.3 -0.2 3.6 2.1

May ‘14-May ‘15 -1.7 -1.1 0.0 -1.2 2.8 2.3

Apr ‘15-May ‘15 -1.7 -0.6 0.0 0.2 0.1 -0.2




2013 644.1 364.9 325.7 277.4 319.2

2014 703.7 388.3 340.6 294.1 339.2

2014 YTD 685.8 381.1 335.7 288.5 332.4

2015 YTD 750.6 405.0 351.5 303.9 355.6

2014 Apr 690.8 383.1 337.1 289.9 334.4

2014 May 695.8 384.9 338.6 291.6 336.3

2015 Apr 756.6 406.6 353.0 303.2 357.4

2015 May 762.7 407.5 353.3 303.9 359.2

% Change

2013-2014 9.3% 6.4% 4.6% 6.0% 6.3%

YTD 2014-2015 9.4 6.3 4.7 5.3 7.0

May ‘14-May ‘15 9.6 5.9 4.3 4.2 6.8

Apr ‘15-May ‘15 0.8 0.2 0.1 0.2 0.5








U.S. city average




2013 ― 233.0 227.8

2014 ― 236.7 231.9

2014 YTD ― 235.5 231.2

2015 YTD ― 235.3 231.1

2014 Apr 236.2 237.1 232.3

2014 May 237.0 237.9 232.8

2015 Apr 236.0 236.6 231.9

2015 May 237.0 237.8 232.9

% Change

2013-2014 ― 1.6% 1.8%

YTD 2014-2015 ― -0.1 -0.0

May ‘14-May ‘15 0.0% -0.0 0.0

Apr ‘15-May ‘15 0.4 0.5 0.4



City of Austin


City of Round Rock

City of San Marcos

2013 $167,597,270 $178,881,668 $67,452,273 $23,151,925

2014 182,254,926 195,778,040 67,977,433 24,415,188

2014 YTD 91,418,406 97,383,027 35,276,167 12,311,649

2015 YTD 96,956,059 104,076,446 34,186,522 13,207,929

2014 May 17,153,654 18,187,627 6,436,601 2,052,235

2014 Jun 14,981,556 16,198,026 5,675,713 1,971,704

2015 May 18,742,840 19,940,425 6,021,566 2,352,027

2015 Jun 15,364,965 16,655,928 5,074,211 1,985,792

% Change

2013-2014 8.7% 9.4% 0.8% 5.5%

YTD 2014-2015 6.1 6.9 -3.1 7.3

Jun ‘14-Jun ‘15 2.6 2.8 -10.6 0.7

May ‘15-Jun ‘15 -18.0 -16.5 -15.7 -15.6


Total Retail


2013 $85,766,879,059 $2,125,273,702,827 $31,076,301,601 $440,637,276,193

2014 93,045,874,868 2,261,694,663,971 33,417,027,138 474,739,373,417

2013 Q3 20,699,851,535 479,428,267,139 7,836,614,817 102,018,392,788

2013 Q4 25,720,709,802 733,700,362,245 8,821,673,977 132,525,626,415

2014 Q3 22,973,335,020 529,691,042,859 8,309,716,996 116,030,835,872

2014 Q4 27,756,977,859 718,141,845,006 9,424,339,960 131,754,600,080

% Change

2013-2014 8.5% 6.4% 7.5% 7.7%

Q4 '13-Q4 '14 7.9 -2.1 6.8 -0.6

Q3 '14-Q4 '14 20.8 35.6 13.4 13.6









2013 10,017,958 158,553,202

2014 10,718,854 155,440,494

2014 YTD 4,151,015 65,090,919

2015 YTD 4,505,004 64,856,510

2014 Apr 863,629 14,446,771

2014 May 922,981 13,331,659

2015 Apr 957,916 14,420,676

2015 May 1,022,353 12,911,493

% Change

2013-2014 7.0% -2.0%

YTD 2014-2015 8.5 -0.4

May ‘14-May ‘15 10.8 -3.2

Apr ‘15-May ‘15 6.7 -10.5



2013 3,566 30.6%

2014 3,733 29.3

2014 YTD 1,746 28.8

2015 YTD 1,768 28.6

2014 Apr 289 25.3

2014 May 259 26.6

2015 Apr 233 26.4

2015 May 346 29.1

% Change

2013-2014 4.7% ―

YTD 2014-2015 1.3 ―

May ‘14-May ‘15 33.6 ―

Apr ‘15-May ‘15 48.5 ―





2013 88 $444.38 $1,344.76 $29,964.02 33.0% 1.5%

2014 114 620.58 1,506.45 48,348.59 41.2 1.3

2013 Q4 25 132.22 347.67 8,614.56 38.0 1.5

2014 Q1 24 202.28 362.55 10,638.77 55.8 1.9

2014 Q4 32 141.85 491.52 14,912.65 28.9 1.0

2015 Q1 29 265.33 426.63 13,420.83 62.2 2.0

% Change

2013-2014 29.5% 39.7% 12.0% 61.4% — —

Q1 '14-Q1 '15 20.8 31.2 17.7 26.2 — —

Q4 '14-Q1 '15 -9.4 87.0 -13.2 -10.0 — —

Source: PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, www.nvca.org/index.php?option=com_content&view=article&id=344&Itemid=103.






Austin MSA

2013 20,852 8,941 11,911 $2,827.380 $1,850.157 $977.223

2014 19,949 11,515 8,434 3,235.961 2,571.504 664.457

2014 YTD 8,811 4,829 3,982 1,377.806 1,056.948 320.858

2015 YTD 8,413 5,153 3,260 1,563.704 1,162.451 401.253

2014 Apr 2,570 1,028 1,542 335.115 218.949 116.166

2014 May 2,216 1,226 990 353.134 267.089 86.045

2015 Apr 1,723 1,085 638 472.641 253.34 219.301

2015 May 1,517 1,107 410 258.053 230.282 27.771

% Change

2013-2014 -4.3% 28.8% -29.2% 14.5% 39.0% -32.0%

YTD 2014-2015 -4.5 6.7 -18.1 13.5 10.0 25.1

May ‘14-May ‘15 -31.5 -9.7 -58.6 -26.9 -13.8 -67.7

Apr ‘15-May ‘15 -12.0 2.0 -35.7 -45.4 -9.1 -87.3

United States

2013 990,822 620,802 370,020 $177,655.9 $139,570.7 $38,085.2

2014 1,046,363 634,597 411,766 193,243.0 148,534.1 44,708.9

2014 YTD 420,029 257,685 162,344 76,722.8 58,898.4 17,824.4

2015 YTD 458,119 273,732 184,387 86,140.7 64,302.5 21,838.3

2014 Apr 94,689 57,580 37,109 17,359.6 13,298.4 4,061.2

2014 May 92,226 59,144 33,082 17,330.4 13,743.7 3,586.7

2015 Apr 104,825 64,154 40,671 19,869.8 15,070.9 4,798.9

2015 May 111,135 62,282 48,853 20,589.3 14,678.1 5,911.1

% Change

2013-2014 5.6% 2.2% 11.3% 8.8% 6.4% 17.4%

YTD 2014-2015 9.1 6.2 13.6 12.3 9.2 22.5

May ‘14-May ‘15 20.5 5.3 47.7 18.8 6.8 64.8

Apr ‘15-May ‘15 6.0 -2.9 20.1 3.6 -2.6 23.2




Median sales price


income Median sales

price HOI



2013 $222,750 64.8 $73,200 $200,450 68.1 $64,400 4.09%

2014 244,500 59.9 75,400 211,200 63.2 63,900 4.41

2013 Q4 225,000 62.6 73,200 205,000 64.7 64,400 4.54

2014 Q1 247,000 57.2 75,400 195,000 65.5 63,900 4.57

2014 Q4 244,000 61.5 75,400 215,000 62.8 63,900 4.29

2015 Q1 245,000 64.6 76,800 210,000 66.5 65,800 4.03

% Change

2013-2014 9.8% -7.6% 3.0% 5.4% -7.2% -0.8% 7.8%

Q1 '14-Q1 '15 -0.8 12.9 1.9 7.7 1.5 3.0 -11.8

Q4 '14-Q1 '15 0.4 5.0 1.9 -2.3 5.9 3.0 -6.1






Sales Dollar volume


Austin MSA

2013 30,436 $8,718.870 $286,500 $222,400 6,104 2.6

2014 30,938 9,451.356 305,500 240,400 6,308 2.5

2014 YTD 11,788 3,520.209 298,627 231,920 5,652 2.2

2015 YTD 12,103 3,954.650 326,750 256,000 6,155 2.4

2014 Apr 2,691 813.254 302,200 237,000 5,838 2.3

2014 May 3,178 1,012.124 318,500 243,900 6,539 2.6

2015 Apr 2,759 920.616 333,700 271,300 6,560 2.5

2015 May 3,066 1,049.181 342,200 271,900 7,009 2.7

% Change

2013-2014 1.6% 8.4% 6.6% 8.1% 3.3% -3.8%

YTD 2014-2015 2.7 12.3 9.4 10.4 8.9 9.1

May ‘14-May ‘15 -3.5 3.7 7.4 11.5 7.2 3.8

Apr ‘15-May ‘15 11.1 14.0 2.5 0.2 6.8 8.0

United States

2013 5,090,000 $1,249,595 $245,500 $197,100 1,860,000 4.9

2014 4,940,000 1,261,182 255,300 208,300 1,860,000 5.2

2014 YTD 1,813,000 448,573 247,420 197,300 2,044,000 5.2

2015 YTD 1,927,000 500,073 259,509 211,520 2,056,000 4.8

2014 Apr 422,000 105,795 250,700 201,500 2,230,000 5.6

2014 May 473,000 122,696 259,400 212,000 2,250,000 5.5

2015 Apr 449,000 118,491 263,900 218,700 2,220,000 5.2

2015 May 497,000 135,582 272,800 228,700 2,290,000 5.1

% Change

2013-2014 -2.9% 0.9% 4.0% 5.7% 0.0% 6.1%

YTD 2014-2015 6.3 11.5 4.9 7.2 0.6 -7.7

May ‘14-May ‘15 5.1 10.5 5.2 7.9 1.8 -7.3

Apr ‘15-May ‘15 10.7 14.4 3.4 4.6 3.2 -1.9






Austin MSA


Office

2013 88,353,356 8,799,722 10.0% $26.37

2014 89,537,066 8,269,021 9.2 27.66

2014 Q1 88,717,839 8,781,111 9.9 27.20

2014 Q2 89,094,728 8,776,447 9.9 27.22

2015 Q1 90,507,206 8,458,704 9.3 28.73

2015 Q2 91,674,471 8,664,574 9.5 29.48

% Change

2013-2014 1.3% -6.0% -8.0% 4.9%

Q2 '14-Q2 '15 2.9 -1.3 -4.0 8.3

Q1 '15-Q2 '15 1.3 2.4 2.2 2.6

Industrial

2013 92,164,897 6,508,435 7.1% $6.94

2014 92,892,978 7,043,636 7.6 7.86

2014 Q1 92,466,351 7,892,951 8.5 7.08

2014 Q2 92,652,541 7,502,444 8.1 7.18

2015 Q1 93,182,443 7,213,436 7.7 8.15

2015 Q2 93,550,149 6,196,697 6.6 8.17

% Change

2013-2014 0.8% 8.2% 7.0% 13.3%

Q2 '14-Q2 '15 1.0 -17.4 -18.5 13.8

Q1 '15-Q2 '15 0.4 -14.1 -14.3 0.2








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