Economic Indicators

Nonfarm Payroll Employment (Houston MSA)
March

2007:
2,518,900

2008:
2,599,000

+3.2%

Active Domestic Rotary Rigs (U.S.)
March

2007:
1,749

2008:
1,797

+2.7%

Spot Crude Oil ($/bbl, West Texas Intermediate)
March

2007:
$61.14

2008:
$105.83

+73.1%

Spot Natural Gas ($/MMBtu, Henry Hub)
March

2007:
$7.15

2008:
$9.45

+32.1%

Houston Multiple Listing Service Closings (Houston Area)
March YTD Total

2007:
18,534

2008:
15,717

-15.2%

Houston Hotel Revenue Per Available Room (Houston Area)
February

2007:
$84.59

2008:
$95.64

+13.1%