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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">FYI<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">________________________________________<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Josh Adams, MBA<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Dean, Business and Professional Studies<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#1F497D">1501 Mendocino Ave | Santa Rosa, CA | 95401</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:#1F497D">tel (707) 524-1731<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">________________________________________<o:p></o:p></span></b></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Sonoma County Economic Development Board [mailto:ben.stone@sonoma-county.org]
<br>
<b>Sent:</b> Monday, April 13, 2015 13:03<br>
<b>To:</b> Adams, Joshua<br>
<b>Subject:</b> NEW! Moody's Local Construction Sector Report<o:p></o:p></span></p>
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<p class="MsoNormal"><a name="LETTER.BLOCK63"></a><b><span style="font-size:16.0pt;font-family:"Candara",sans-serif;color:red">NEW! - </span></b><b><span style="font-size:16.0pt;font-family:"Candara",sans-serif;color:white"> Local Construction Sector Report</span></b><span style="font-size:16.0pt;font-family:"Candara",sans-serif;color:white"><o:p></o:p></span></p>
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<p class="MsoNormal"><strong><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black">Moody's Outlook for the Local Construction Sector:
</span></strong><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal"><em><b><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black">Recovering, rebounding. </span></b></em><span style="font-size:14.0pt;font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p style="margin:0in;margin-bottom:.0001pt"><span style="font-family:"Calibri",sans-serif;color:black"><br>
Linked below is the new Moody's forecast for the construction sector, prepared for the Economic Development Board. Moody's sees the industry recovering over the next year, with price increases in both commercial and residential real estate. Single family home
building has picked up, though multi-family prevails. <o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt"><span style="font-family:"Calibri",sans-serif;color:black"> <o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt"><span style="font-family:"Calibri",sans-serif;color:black"><br>
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<p class="MsoNormal" align="center" style="text-align:center"><strong><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:black">Sonoma County Economic Development Board</span></strong><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:black"> 707-565-7170
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141 Stony Circle, Suite 110<br>
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Sonoma County Economic Development Board</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#BABABA"> |
</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:black">141 Stony Circle</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#BABABA"> |
</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:black">Suite 110</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#BABABA"> |
</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:black">Santa Rosa</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#BABABA"> |
</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:black">CA</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:#BABABA"> |
</span><span style="font-size:8.0pt;font-family:"Verdana",sans-serif;color:black">95401<o:p></o:p></span></p>
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