Large Metro - Outlying Areas

Total population 14,260,330; 4.4% of total U.S. population

Single-Family Construction

• 9.5% of single-family construction for 4Q22
• -22.7% single-family quarterly growth rate for the 4Q22
• -31.4% single-family year-over-year growth rate (4Q22 vs 4Q21)
• -12.1% single-family moving average of the year-over-year growth rate

Multifamily Construction

• 3.9% of multifamily construction for 4Q22
• -23.4% multifamily quarterly growth rate for the 4Q22
• -29.1% multifamily year-over-year growth rate (4Q22 vs 4Q21)
• 35.7% multifamily moving average of the year-over-year growth rate