People & Talent Agenda

RSG Volume Correlation to Housing Starts High correlation between historical volume performance and single-family housing starts 10% 5% 0% -5% -10% -15% T % Change: RSG Volume vs. Single-Family Housing Starts (1-Yr lag) 88% Correlation 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 RSG Volume Single Family Starts (1-yr lag) Source: U.S. Census Bureau and Department of Housing and Urban Development Construction has been a catalyst for recent growth 40% 20% 0% -20% -40% -60% Single-Family Starts (1-Yr Lag) 23

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