ࡱ> nm ZO\p Bragg, Lay Ba==<8X@"1Arial1Calibri1Calibri1Calibri1Arial1.Times New Roman1.Times New Roman1.Times New Roman1.8Times New Roman1.Times New Roman1.Times New Roman1.Times New Roman1.Times New Roman1.Times New Roman1.8Times New Roman1.Times New Roman1.Times New Roman1$Calibri1 $Calibri1$Calibri14$Calibri1 $Calibri1$Calibri1$Calibri1,6$Calibri16$Calibri16$Calibri1>$14$1<$Calibri1?$Calibri1*h6$ Calibri Light1$Calibri1 $Calibri1$Arial1$Arial"$"#,##0_);\("$"#,##0\)!"$"#,##0_);[Red]\("$"#,##0\)""$"#,##0.00_);\("$"#,##0.00\)'""$"#,##0.00_);[Red]\("$"#,##0.00\)7*2_("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_).))_(* #,##0_);_(* \(#,##0\);_(* "-"_);_(@_)?,:_("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_)6+1_(* #,##0.00_);_(* \(#,##0.00\);_(* "-"??_);_(@_) 0.0%[$-409]d\-mmm\-yy;@0.00+_(* #,##0_);_(* \(#,##0\);_(* "-"??_);_(@_) 0.0_)#,##0.0_);\(#,##0.0\)0_) mm/dd/yy;@ yyyy #,##0.0                                                                      ff + ) , *  $    P  P    #     `           ! a> "      " "\  !<   l  (@@  (  @  (@@   (@  (@  "8@@  "8@  "8  @  (@  (   ( @   (  "8@  "8  "8     ("@  ( "   l"@@  l"@  @  l@  l  l    (@   @@  @   @       @  @   ,@  ,  ,@   @     ,@  ,@  ,  ,  l   @   ,  , @  ,   ("@@  ( " @  ,"@@  ,"@  ("@@  , " @  ,@@  ,@  ,  @  ( @  (  ("@ + h@@ + ,@ + ,@@ + ,  @ + ,"@@ + ,"@ + , " @   ,@@   ,@   ,  @   l   ,@     ,   , @   ,   ,   l"@@   l"@   l " @   l @   l   l   , " @  l % ,@@ % ,@ % ,  @ % ,@ % % ,   ,  ,@   ,@   , % , @ % ,  ,  ,  , @  ,  ,  (  l@@   l@   l  @   l@   l % ,  , @  ,  ,  ,   ,   ,      L     (@  (@    ( + h"@ @ + h"@ + h " @ *8" @ *8 @ *8 *8 *8""@ @  l"@ @  l@@  l@  l  @ "|"@  l@  l  l "|  l  l  l  l  l"@   l@ "|" @  l @  l  l "|  l @  l  l  l  l  l" @   (     @ |||i}-} (* "-"??}-} (* "-"??}-} (* "-"??}-} (* "-"??}A} (* "-"??ef;_(@_) }A} (* "-"??ef;_(@_) }A} (* "-"??ef;_(@_) }A} (* "-"??ef;_(@_) }A} (* "-"??ef;_(@_) }A} (* "-"??ef ;_(@_) }A} (* "-"??L;_(@_) }A} (* "-"??L;_(@_) }A} (* "-"??L;_(@_) }A} (* "-"??L;_(@_) }A} (* "-"??L;_(@_) }A} (* "-"??L ;_(@_) }A} (* "-"??23;_(@_) }A} (* "-"??23;_(@_) }A} (* "-"??23;_(@_) }A} (* "-"??23;_(@_) }A}  (* "-"??23;_(@_) }A}! (* "-"??23 ;_(@_) }A}" (* "-"??;_(@_) }A}# (* "-"??;_(@_) }A}$ (* "-"??;_(@_) }A}% (* "-"??;_(@_) }A}& (* "-"??;_(@_) }A}' (* "-"?? ;_(@_) }A}( (* "-"??;_(@_) }}) }(* "-"??;_(@_)    }}* (* "-"??;_(@_) ??? ??? ??? ???}-}, (* "-"??}-}- (* "-"??}-}. (* "-"??}-}/ (* "-"??}A}1 a(* "-"??;_(@_) }A}2 (* "-"??;_(@_) }A}3 (* "-"???;_(@_) }A}4 (* "-"??23;_(@_) }-}5 (* "-"??}}7 ??v(* "-"??̙;_(@_)    }A}8 }(* "-"??;_(@_) }A}9 W(* "-"??;_(@_) }}: (* "-"??;_(@_)    }}; ???(* "-"??;_(@_) ??? ??? ??? ???}-}= (* "-"??}U}> (* "-"??;_(@_)  }-}? (* "-"??}(}6  (* "-"??}(}0  (* "-"?? 20% - Accent1M 20% - Accent1 ef % 20% - Accent2M" 20% - Accent2 ef % 20% - Accent3M& 20% - Accent3 ef % 20% - Accent4M* 20% - Accent4 ef % 20% - Accent5M. 20% - Accent5 ef % 20% - Accent6M2 20% - Accent6  ef % 40% - Accent1M 40% - Accent1 L % 40% - Accent2M# 40% - Accent2 L˭ % 40% - Accent3M' 40% - Accent3 L % 40% - Accent4M+ 40% - Accent4 L % 40% - Accent5M/ 40% - Accent5 L % 40% - Accent6M3 40% - Accent6  L % 60% - Accent1M 60% - Accent1 23 % 60% - Accent2M$ 60% - Accent2 23 % 60% - Accent3M( 60% - Accent3 23 % 60% - Accent4M, 60% - Accent4 23f % 60% - Accent5M0 60% - Accent5 23 %! 60% - Accent6M4 60% - Accent6  23Ў % "Accent1AAccent1 Dr % #Accent2A!Accent2 }1 % $Accent3A%Accent3  % %Accent4A)Accent4  % &Accent5A-Accent5 [ % 'Accent6A1Accent6  pG %(Bad9Bad  %) Calculation Calculation  }% * Check Cell Check Cell  %????????? ???+ Comma,( Comma [0]-&Currency.. Currency [0]/Explanatory TextG5Explanatory Text %0 F Followed Hyperlink  Or 1Good;Good  a%2 Heading 1G Heading 1 DTj%Dr3 Heading 2G Heading 2 DTj%?4 Heading 3G Heading 3 DTj%235 Heading 49 Heading 4 DTj%64 Hyperlink  c 7InputuInput ̙ ??v% 8 Linked CellK Linked Cell }% 9NeutralANeutral  W%"Normal :Noteb Note   ;OutputwOutput  ???%????????? ???<$Percent =Title1Title DTj% >TotalMTotal %DrDr? Warning Text? Warning Text %XTableStyleMedium2PivotStyleLight16` WExecutive Level ForecastAnnual _xlfn._FV"_xlfn.NUMBERVALUE  ;!  ;1* );;5 bP2NAHB Economic and Housing Executive-Level Forecast Annual Data *2022**2023**2024**IIIIIIIVEconomic Activity Real GDP Bil. 2012$ % Chge AR Resid. Fixed Inv. 2012$*** Single Family  Multifamily  Other  Payroll Employment - Mil. Unemployment Rate - Civilian#Prices - Percent Change Annual Rate PPI - Final Demand PPI - Softwood Lumber CPI - Urban Consumers Core PCE CoreLogic HPI (SA)Interest Rates Federal Funds Rate Treasury Yield: Ten Year Maturity Freddie Mac Commitment Rate: 30-Year Fixed Rate Mortgages Prime RateHousing Activity (000)Total Housing Starts Single Family Multifamily 2 to 4 Family 5 plus Family New Single Family Sales" Existing Single-Family Home Sales Manufactured Home ShipmentsTotal New Housing Units:# Total Starts + Man. Home Shipmentsy* Annual totals are averages of seasonally adjusted quarterly data and may not match reported annuals from other sources.f** All quarterly data are at annual rates, and all data except interest rates are seasonally adjusted.*** Includes the dollar volume of construction put-in-place for new single-family and multifamily structures, manufactured home shipments, brokerage commissions on home sales, and improvements to existing structures (additions, alterations, and major replacements)."NAHB Economic and Housing ForecastEconomic Activity (Billions)Prices - Percent ChangeInterest Rates*YearReal GDP Bil. 2012$(Total Residential Fixed Investment 2012$RFI Single FamilyRFI Multi-family RFI OtherPayroll Employ-ment (Millions)Unemp. Rate - CivilianPPI - Final DemandPPI - Softwood LumberCPI - Urban Cons Core PCECoreLogic HPI (SA)Federal Funds RateTen Year MaturityFixed Rate Mort. Prime Rate Single Family Multi-family 2 to 4 Family 5 plus FamilyNew Single Family Sales!Existing Single-Family Home SalesManuf. Home Ship-ments%Total Starts + Manuf. Home Ship-mentsl* Freddie Mac Commitment Rates: 30-Yr. Average conventional mortgage rate forecast rate is produced by NAHB.** Includes the dollar volume of construction put-in-place for new single-family and multifamily structures, manufactured home shipments, brokerage commissions on home sales, and improvements to existing structures (additions, alterations, and major replacements).=Prepared by NAHB Economics Group. Available at www.nahb.org.SAMPLER@ PA{B,BCODzFxG(HSHccW  PK![Content_Types].xmlN0EH-J@%ǎǢ|ș$زULTB l,3;rØJB+$G]7O٭V~&}"!ᇺ_Ν =r!sh ۴T**~ r׮+JOp'M:kүݭjkh [+wc5(_Zw:Mנ_^F֯A)v[_BJ Pl5 cFZԩnΕ(,cuc;P@$=9K !'> BLra)l)oڣh#CZ&beIĐD7 o߼9{og/^=eVe80_~n&_xw_?zоIwOG,:D?DĒ@!vnu6Y7=B>ı0]hq qޜOM#N\{7Ql9=M f-G8S Ǝ=%IJk 9l,k 4I @ʅH~-tx F]n }L-3CS">i}$CތM\[Ht)#,Ky ? v{"%t#LdM!GQ1w}k׺ O!QL×07c]YfGVvi`> X6I?!aW`=@v hT_"BOwxf(_nڼ UΙJpb/N aZG!jxqÕԴr.:M#߉Hq7ձ:R޸郳ܳ$9릫j³u7=M/3//٨i:3hȲ(<ь:g#$.Hxω {!J`4T@UK^vVx:lN:E5L+@2_/uR]ӻLf)낀 c3ĖDug`4 }kaQs/\e^Gn~" 8hGOμNO3b/" tMq]{VLVLVVVVLVTLLLLV>L>V>VV>R !"#$%&'()* +, -@.@/@0@1@2`367; O!  ċ@( lmmnm !O !!hA*,?(!ggggihggigggihggi "O"""&y@(" #O ##h`s ?(#ggggihigggihggi $O#$$*@($ %O$%%UUUUUQx@(% &O%&&UUUUUY@(& 'O ''h0n{?('ggggihggigggihggi (O&((UUUUՉ@((lmmnm )O ))hCLa?()ggggihggigggihggi *O'**W@(* +^(,+ ,),,@(,- .*. /+//  0,0 1-1236 7 ;2rVVVVVVVVVVV>V (D(( ><Z A ggD ZO "bJ  dMbP?_*+%&?'?(?)?M \\NAHBFS1\7112_HP4350_16C odXXLetterDINU"8tPrpV58SMTJ(HP LaserJet 4350 PCL 6InputBinFORMSOURCERESDLLUniresDLLResolution600dpiFastResTrueOrientationPORTRAITHPOrientRotate180FalseDuplexNONEHPDuplicateJobNameOverrideSWFWPaperSizeLETTERMediaTypeAUTOCollateONOutputBinAutoStaplingNoneHPPaperSizeALMConstraintsENV_10EconomodeFalseTextAsBlackFalseHPEnableRAWSpoolingTrueTTAsBitmapsSettingTTModeOutlineJPEGEnableAutoRETChoiceTrueAlternateLetterHeadFalsePrintQualityGroupPQGroup_1HPDocPropResourceDatahpzhl3zw.cabHPColorModeMONOCHROME_MODEHPContentOrientationHPContentOrientation_OptionHPPDLTypePDL_PCL6HPPJLEncodingUTF8HPJobAccountingHPJOBACCT_JOBACNTHPJobByJobOverrideJBJOHPPCL6PassThroughTrueHPXMLFileUsedhpc43506.xmlHPManualDuplexDialogItemsInstructionID_01_FACEDOWN-NOROTATEHPPaperSizeDuplexConstraintsA5HPMediaTypeDuplexConstraintsEXTRA_HEAVYHPManualFeedOrientationFACEDOWNHPOutputBinOrientationFACEDOWNHPManualDuplexDialogModelModelessHPManualDuplexPageOrderEvenPagesFirstHPMapManualFeedToTray1FalseHPManualDuplexPageRotateDriverRotateHPCustomDUplexableRange5.83x8.27_8.5x14HPPrintOnBothSidesManuallyFalseHPPrintInGrayScaleFalseHPStraightPaperPathFalseHPCoversFront_CoverJRConstraintsJRCHDPartialJRHDInstalledJRHDOffJRHDNotInstalledJRHDOffPSAlignmentFileHPZLS3zwPSServicesOptionPrnStat_SID_242_BID_497_HID_15521HPConsumerCustomPaperHPCustomHPPreAnalysisTrueHPLpiSelectionNonePIUPH dLetter [none] [none]Arial4Pd?RDENK<Automatic>`d j.k k m m EXCEL.EXEC:\Program Files\Microsoft Office\OFFICE11\EXCEL.EXE<"UXX&U} @} m@} I @} m @} $ @}  @} $ @} m@} @} @} I@} @} @} @} I@} @} I@} @" w  @       @~ @:GH .$P: z/  z0 z1  z{ 2 3 4 5 6 7 8 9  :  ;  <  =  > ? @ A B  C D E F G H I J:A~ @@9v@$@uVv@MbH@;Ot@sh|J`@xwwww@ 7p @ ? Mb@ Fb? oai#@QjF?(\@`N@= ףp}@~ @UUUUU@u@~ @@s@ @UUUUUC@Z`@UUUUU@~ @8~ @8  ~ @@8  ~ B@8  ~ p@8  ~ @@  O&  ~ @8~ @8~ @'@8~ T@8~ @8~  @8 g~ @8 g~  @8 g~  9@8 g~ f@8 g~ @8 g~  @8 g~ @8 g~ `@8 g~  K@8 g K L BBX>@>l>TTTTTjTTTTTdddbbbbbbb, ! M  N ! !H><dA   ggD Oh+'0@H\p  Danushka Bragg, LayMicrosoft Excel@ȾǢV@`?\ ՜.+,0T PXd lt|  Executive Level ForecastAnnualAnnual!Print_Area&'Executive Level Forecast'!Print_AreaAnnual!Print_Titles  Worksheets Named Ranges  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\^_`abcdfghijklRoot Entry FWorkbookSummaryInformation(]DocumentSummaryInformation8e