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Quarterly Report on <br />Sales Tax and Business <br />Activity <br />www.MuniServices.com <br />Regional Expectations <br />Employment <br />While employment on the Peninsula <br />has attracted some workers from the <br />City others are starting to find work <br />close to home. By the end of 2013 <br />the unemployment rate in the region <br />should drop below 8%, which will fur- <br />ther stabilize the economy in the City. <br />Housing <br />Contractors are pulling more building <br />permits and returning to finish jobs <br />started before the recession. Not <br />only did permits for single-family <br />homes increase by 21.6% in the first <br />three quarters of 2012 regionally <br />compared to 2011, but permits for <br />multi-family permits also increased <br />by 19.0%. The resulting housing- <br />affordability advantage in the region <br />versus other areas in the S.F. Bay <br />Area will continue to grow incomes <br />and jobs. <br />The median single-family existing <br />home price in the region has in- <br />creased by 14% since last year and <br />nearly 38% since the price bottom in <br />2009. The median single-family <br />home price is expected to reach <br />$400,000 by the middle of 2015. <br />Quarterly home sales will reach be- <br />tween 6,500 to 7,000 by the middle <br />of 2014. <br />Taxable Sales <br />The region will see close to 9% <br />growth during the first part of 2013 <br />followed by projected moderate <br />growth of 4% to 6% in the following <br />years. <br />Total 2.4%6.6%5.7%5.8%7.4%6.8% <br />General Retail 4.7%4.7%4.1%3.2%4.7%4.5% <br />Food Products 16.4%6.8%5.8%9.2%7.5%7.0% <br />Transportation 7.3%11.6%8.2%14.2%10.6%10.4% <br />Construction 2.3%6.0%7.2%3.9%9.4%7.7% <br />Business To Business -11.8%4.5%4.6%1.2%6.9%5.8% <br />Department Stores 4.8%6.2%5.2%2.0%4.4%4.3% <br />Auto Sales - New 6.7%24.6%20.2%13.6%16.9%17.8% <br />Bldg.Matls-Whsle -6.2%9.4%13.0%-1.5%13.7%11.9% <br />Apparel Stores 12.5%9.0%7.5%10.4%9.0%8.1% <br />Service Stations -0.4%3.2%0.4%10.7%7.4%6.0% <br />Heavy Industry -13.7%5.3%6.2%-8.7%13.0%12.4% <br />Restaurants 6.5%6.6%5.0%7.6%7.6%6.8% <br />Bldg.Matls-Retail 14.7%2.9%1.7%12.2%5.7%4.1% <br />Auto Parts/Repair 34.3%1.6%3.4%43.4%4.0%6.2% <br />Light Industry -14.7%6.6%2.7%0.8%4.7%2.3% <br />Miscellaneous Retail 13.0%0.4%1.8%7.7%1.2%1.9% <br />Food Markets 43.2%6.8%8.0%15.3%6.6%7.8% <br />Electronic Equipment -44.2%-2.2%5.2%0.0%-1.9%1.5% <br />Office Equipment 2.5%-2.9%-1.0%7.9%2.3%1.9% <br />Quarter-Over-Quarter Year-Over-Year <br />Jul - Sept 2011 to Jul - Sept 2012 Oct - Sept 2011 to Oct - Sept 2012 <br />City of San <br />Leandro S.F. Bay Area Statewide City of San <br />Leandro S.F. Bay Area Statewide <br />Sales Tax from Major Categories and Segments <br />San Leandro Sales Tax <br />Capture Analysis <br />>100 = Capture; <100 = Leakage