Author - Topic - Date of Production

2 May 15, 2002 McGraw-Hill Construction Confidential

2003 California Construction Forecast

McGraw-Hill Construction/DodgePresented by: Cliff Brewis

Senior Director Editorial Operations, West

3 May 15, 2002 McGraw-Hill Construction Confidential

U.S. Major Construction Sectors

Single Family Housing

65

95

125

155

185

215

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04

Billions of Dollars

2001 2002+6% +9%

Public Works

30

45

60

75

90

105

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04

Billions of Dollars

2001 2002+7% +5%

Income Properties

30

45

60

75

90

105

120

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04

Billions of Dollars

2001 2002 -9% -10%

Institutional Building

30

45

60

75

90

105

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04

Billions of Dollars

2001 2002+8% +3%

4 May 15, 2002 McGraw-Hill Construction Confidential

California 1998 1999 2000 2001 2002 2003

Single Fam $16,382,979 $18,681,281 $21,112,787 $21,384,259 $22,822,577 $23,447,9181.140 1.130 1.013 1.067 1.027

Multi Fam $2,264,867 $3,061,718 $3,638,377 $3,152,135 $3,849,680 $4,155,4901.352 1.188 0.866 1.221 1.079

Office and Bank $3,801,136 $3,384,347 $4,844,427 $3,666,397 $2,681,723 $3,036,2970.890 1.431 0.757 0.731 1.132

Education $1,983,727 $2,984,621 $3,622,898 $4,293,212 $4,293,212 $5,352,0921.505 1.214 1.185 1.000 1.247

Retail $1,985,609 $2,068,441 $1,788,931 $2,195,364 $1,767,287 $1,718,4651.042 0.865 1.227 0.805 0.972

Manufacturing $1,167,646 $1,005,875 $707,330 $777,647 $421,586 $513,9940.861 0.703 1.099 0.542 1.219

Hotels $777,636 $1,099,424 $986,995 $1,012,655 $583,989 $608,0011.414 0.898 1.026 0.577 1.041

Medical $545,205 $691,319 $741,730 $1,056,663 $929,344 $1,137,5361.268 1.073 1.425 0.880 1.224

Govt $551,916 $461,532 $580,578 $860,149 $657,460 $699,3540.836 1.258 1.482 0.764 1.064

Power $168,509 $721,607 $986,404 $2,537,110 $1,384,556 $919,5514.282 1.367 2.572 0.546 0.664

Religious $236,819 $295,178 $228,680 $241,533 $179,370 $246,8711.246 0.775 1.056 0.743 1.376

Total Const $41,947,348 $46,557,779 $53,070,188 $54,953,444 $54,993,338 $56,965,9131.110 1.140 1.035 1.001 1.036

5 May 15, 2002 McGraw-Hill Construction Confidential

State of California – DGSCapital Outlay Projects

Overview of Fiscal Year 2002 – 2003 Workload

Northern California – Area I 69 $412,175,352

Northern California – Area II 125 $2,533,111,888 Total - Northern California 194 $2,945,287,240

Southern California – Area III 82 $686,549,621

Southern California – Area IV 61 $498,453,550 Total - Southern California 143 $1,185,003,171

Total Project #/Estimated Cost 337 $4,150,119,411

6 May 15, 2002 McGraw-Hill Construction Confidential

Los Angeles

1998 1999 2000 2001 2002 2003Multi Fam $465,803 $585,917 $856,197 $558,106 $871,695 $929,805

1.258 1.461 0.652 1.562 1.067Govt $136,737 $38,007 $153,393 $100,871 $109,620 $111,133

0.278 4.036 0.658 1.087 1.014Medical $71,440 $169,341 $264,212 $291,649 $298,573 $299,898

2.370 1.560 1.104 1.024 1.004Hotels $86,408 $81,712 $134,481 $73,352 $68,757 $72,420

0.946 1.646 0.545 0.937 1.053Manufacturing $146,063 $190,863 $112,025 $36,566 $69,647 $81,572

1.307 0.587 0.326 1.905 1.171Office and Bank $695,649 $649,256 $553,945 $697,452 $627,803 $702,778

0.933 0.853 1.259 0.900 1.119Education $346,667 $536,869 $780,500 $806,672 $822,994 $1,310,511

1.549 1.454 1.034 1.020 1.592Retail $531,682 $476,102 $435,793 $434,469 $430,749 $440,532

0.895 0.915 0.997 0.991 1.023Total $6,025,284 $7,299,737 $8,186,928 $8,205,042 $8,240,951 $8,769,783

1.212 1.122 1.002 1.004 1.064

7 May 15, 2002 McGraw-Hill Construction Confidential

Orange County1998 1999 2000 2001 2002 2003

Multi Fam $154,847 $263,859 $263,011 $205,612 $319,792 $282,2311.704 0.997 0.782 1.555 0.883

Govt $35,572 $34,266 $13,901 $29,193 $86,593 $50,8760.963 0.406 2.100 2.966 0.588

Medical $42,155 $28,401 $34,171 $36,226 $25,132 $30,9530.674 1.203 1.060 0.694 1.232

Hotels $47,225 $356,012 $156,406 $197,058 $64,150 $113,1687.539 0.439 1.260 0.326 1.764

Manufacturing $63,916 $44,093 $13,123 $32,687 $26,115 $24,6930.690 0.298 2.491 0.799 0.946

Office and Bank $360,962 $348,828 $386,163 $229,363 $244,535 $302,6140.966 1.107 0.594 1.066 1.238

Education $135,592 $190,992 $165,834 $313,596 $186,133 $264,6851.409 0.868 1.891 0.594 1.422

Retail $221,934 $307,409 $170,900 $270,643 $152,838 $194,0451.385 0.556 1.584 0.565 1.270

Total $3,841,445 $4,481,948 $3,671,650 $3,925,591 $3,665,614 $4,138,7881.167 0.819 1.069 0.934 1.129

8 May 15, 2002 McGraw-Hill Construction Confidential

San Diego1998 1999 2000 2001 2002 2003

Multi Fam $229,410 $464,532 $628,340 $849,202 $547,475 $639,1622.025 1.353 1.352 0.645 1.167

Govt $77,562 $18,385 $24,860 $27,570 $71,831 $50,7530.237 1.352 1.109 2.605 0.707

Medical $101,645 $58,880 $65,871 $72,691 $113,637 $101,1030.579 1.119 1.104 1.563 0.890

Hotels $86,829 $114,476 $112,192 $240,411 $159,025 $141,4991.318 0.980 2.143 0.661 0.890

Manufacturing $160,608 $66,047 $92,488 $60,006 $27,323 $49,4170.411 1.400 0.649 0.455 1.809

Office and Bank $415,399 $321,159 $445,728 $320,397 $223,775 $314,6160.773 1.388 0.719 0.698 1.406

Education $253,023 $253,531 $358,329 $448,634 $457,414 $525,2011.002 1.413 1.252 1.020 1.148

Retail $146,089 $166,687 $206,247 $170,691 $138,314 $140,3271.141 1.237 0.828 0.810 1.015

Total $4,569,023 $4,839,130 $5,660,189 $6,079,993 $5,858,391 $6,088,9421.059 1.170 1.074 0.964 1.039

9 May 15, 2002 McGraw-Hill Construction Confidential

Inland Empire 1998 1999 2000 2001 2002 2003Multi Fam $56,437 $195,853 $163,280 $330,067 $272,620 $345,938

3.470 0.834 2.021 0.826 1.269Govt $34,324 $75,269 $100,595 $160,512 $49,717 $58,578

2.193 1.336 1.596 0.310 1.178Medical $51,415 $42,706 $57,048 $34,488 $59,660 $61,108

0.831 1.336 0.605 1.730 1.024Hotels $17,172 $10,830 $36,949 $81,150 $47,192 $44,697

0.631 3.412 2.196 0.582 0.947Manufacturing $74,523 $89,310 $51,751 $57,797 $20,236 $29,574

1.198 0.579 1.117 0.350 1.461Office and Bank $167,583 $78,786 $101,963 $197,382 $156,737 $133,751

0.470 1.294 1.936 0.794 0.853Education $102,766 $294,720 $225,313 $485,986 $323,148 $459,517

2.868 0.764 2.157 0.665 1.422Retail $191,433 $159,209 $207,796 $318,437 $241,276 $245,927

0.832 1.305 1.532 0.758 1.019Total $4,815,524 $5,798,542 $6,541,383 $8,648,701 $8,378,584 $8,418,455

1.204 1.128 1.322 0.969 1.005

10 May 15, 2002 McGraw-Hill Construction Confidential

Oakland 1998 1999 2000 2001 2002 2003Multi Fam $300,888 $233,428 $242,778 $192,918 $252,123 $300,535

0.776 1.040 0.795 1.307 1.192Govt $26,162 $36,952 $58,517 $73,432 $37,346 $42,930

1.412 1.584 1.255 0.509 1.150Medical $50,406 $92,961 $36,246 $29,809 $29,167 $50,897

1.844 0.390 0.822 0.978 1.745Hotels $102,651 $94,759 $85,950 $37,323 $38,143 $40,488

0.923 0.907 0.434 1.022 1.061Manufacturing $113,133 $51,665 $66,571 $57,551 $44,034 $51,145

0.457 1.289 0.865 0.765 1.162Office and Bank $407,481 $278,279 $581,290 $339,298 $299,701 $301,716

0.683 2.089 0.584 0.883 1.007Education $349,184 $449,700 $312,366 $260,779 $317,651 $450,025

1.288 0.695 0.835 1.218 1.417Retail $164,822 $118,823 $114,070 $170,590 $118,172 $114,264

0.721 0.960 1.495 0.693 0.967Total $3,921,635 $3,922,361 $4,786,203 $3,770,684 $4,558,557 $4,542,884

1.000 1.220 0.788 1.209 0.997

11 May 15, 2002 McGraw-Hill Construction Confidential

Sacramento1998 1999 2000 2001 2002 2003

Multi Fam $257,014 $174,900 $219,522 $177,748 $318,514 $340,6020.681 1.255 0.810 1.792 1.069

Govt $43,913 $10,253 $28,088 $38,965 $18,037 $21,2520.233 2.739 1.387 0.463 1.178

Medical $17,330 $33,619 $40,844 $52,062 $70,599 $74,1471.940 1.215 1.275 1.356 1.050

Hotels $55,575 $60,208 $83,950 $70,400 $30,566 $26,8611.083 1.394 0.839 0.434 0.879

Manufacturing $42,682 $15,885 $28,931 $67,075 $16,478 $14,0370.372 1.821 2.318 0.246 0.852

Office and Bank $484,802 $278,612 $506,979 $332,166 $201,294 $278,3540.575 1.820 0.655 0.606 1.383

Education $91,102 $193,748 $187,249 $162,491 $267,885 $299,9422.127 0.966 0.868 1.649 1.120

Retail $128,580 $214,758 $211,234 $172,366 $169,789 $152,9721.670 0.984 0.816 0.985 0.901

Total $3,200,286 $3,422,013 $4,545,312 $4,473,189 $4,842,948 $4,704,3921.069 1.328 0.984 1.083 0.971

12 May 15, 2002 McGraw-Hill Construction Confidential

San Francisco1998 1999 2000 2001 2002 2003

Multi Fam $364,424 $434,434 $575,085 $381,867 $451,078 $434,3131.192 1.324 0.664 1.181 0.963

Govt $33,227 $18,678 $73,934 $119,286 $41,231 $36,1680.562 3.958 1.613 0.346 0.877

Medical $39,017 $68,690 $16,404 $66,163 $35,509 $59,6631.761 0.239 4.033 0.537 1.680

Hotels $163,140 $148,871 $157,447 $178,218 $67,750 $65,7450.913 1.058 1.132 0.380 0.970

Manufacturing $13,893 $6,468 $7,555 $154,409 $29,054 $22,6690.466 1.168 20.438 0.188 0.780

Office and Bank $652,875 $677,404 $854,107 $601,707 $314,980 $312,9951.038 1.261 0.704 0.523 0.994

Education $168,231 $180,096 $327,405 $398,154 $266,321 $377,2711.071 1.818 1.216 0.669 1.417

Retail $141,434 $116,117 $92,007 $94,190 $67,135 $66,2310.821 0.792 1.024 0.713 0.987

Total $3,600,705 $2,948,515 $3,746,443 $3,243,956 $3,262,308 $3,039,6300.819 1.271 0.866 1.006 0.932

13 May 15, 2002 McGraw-Hill Construction Confidential

San Jose 1998 1999 2000 2001 2002 2003Multi Fam $187,385 $360,606 $426,085 $237,859 $363,915 $420,455

1.924 1.182 0.558 1.530 1.155Govt $20,147 $21,055 $17,817 $2,548 $8,888 $10,072

1.045 0.846 0.143 3.488 1.133Medical $28,125 $17,504 $48,938 $203,196 $46,216 $62,982

0.622 2.796 4.152 0.227 1.363Hotels $90,480 $66,664 $109,966 $50,462 $32,178 $32,524

0.737 1.650 0.459 0.638 1.011Manufacturing $280,926 $124,558 $104,574 $67,490 $33,722 $33,733

0.443 0.840 0.645 0.500 1.000Office and Bank $343,509 $381,072 $1,046,612 $599,463 $267,345 $254,602

1.109 2.746 0.573 0.446 0.952Education $151,314 $231,685 $424,557 $413,503 $383,280 $453,134

1.531 1.832 0.974 0.927 1.182Retail $82,200 $83,461 $51,123 $119,762 $68,120 $64,033

1.015 0.613 2.343 0.569 0.940Total $2,535,464 $2,395,147 $3,560,984 $3,472,756 $2,553,341 $2,236,602

0.945 1.487 0.975 0.735 0.876