Executing for Growth and Returns

Consensus Forecast for U.S. Construction Put-in-Place Percent Change Year-over-Year 2017 2018 Commercial Total 8.3% 4.4% Office 10.6% 4.6% Retail and Other Commercial 6.8% 5.3% Lodging/Hotel 7.2% 1.8% Industrial Total +0.4% +3.3% Institutional Total 5.7% 5.8% Healthcare Education Religious Public Safety Recreation & Amusement Non-Residential Total 4.9% 4.9% 6.3% 6.7% -1.9% +0.6% -0.7% +4.0% 7.7% +4.3% 5.6% 4.9% Consensus High Consensus Low 8.2% 7.3% 4.2% 2.4% Source: American Institute of Architects (AIA) - As of January 25, 2017 (most recent estimates) Includes: Dodge, IHS Economics, Moody's Economy, FMI, CMD, Associated Builders & Contractors and Wells Fargo Securities United Rentals Executing for Growth and Returns | 10

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