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Investor Presentaiton

85 and over 80 to 84 75 to 79 70 to 74 65 to 69 60 to 64 55 to 59 50 to 54 45 to 49 40 to 44 35 to 39 30 to 34 25 to 29 20 to 24 15 to 19 10 to 14 POSITIONED FOR DEMOGRAPHIC TRENDS U.S. Population Age Structure 5 to 9 Under 5 0 2 4 6 8 10 12 14 16 18 20 22 Millions of People 2000 NH 2 VTI 2 24 24 1 1 8 5 2 1 29 MA 10 1 15 -RI 2 5 19 CT 5 3 18 3 199 NJ 13 7 DÉ 1 4 MD 8 13 9 8 3 6 47 13 Gained 2 seats 32 Gained 1 seat No change Lost 1 seat Lost 2 seats Allocation of congressional districts after the 2000 U.S. Census 26 Home-buying age cohorts poised for growth • Median overall home buyer is 46 years old Median first-time home buyer is 32 years old Family formation increasing post-COVID Migration south and west increases housing demand See U.S. Census Bureau maps below for the allocation of congressional districts in the U.S. House of Representatives . 2010 2020 10 NH 2 VT 1 2 10 NH 2 VTI 2 1 1 1 6 8 2 1 8 26 MA 9 1 8 27 MA 9 1 13 RI 2 1 14 -RI 2 4 17 CT 5 4 18 3 CT 5 4 15 3 16 4 17 9 NJ 12 18 9 -NJ 12 DE 1 7 DE 1 52 4 11 8 6 MD 8 11 53 4 8 6 MD 8 14 9 13 5 9 4 5 3 Gained 4 seats 47 14 Gained 2 seats 47 14 Gained 2 seats 38 6 Gained 1 seat 36 Gained 1 seat No change Lost 1 seat No change Lost 1 seat Lost 2 seats Allocation of congressional districts after the 2010 U.S. Census 品 Allocation of congressional districts in the House of Representatives after the 2020 U.S. Census Source: U.S. Census Bureau and Company estimates PAGE 11
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