The market is returning to normalcy and the correction is both healthy and necessary.

250

The housing market has continued to cool off from white- hot levels of previous years.

241

During recent months, market conditions in many of our highly-regulated markets, including California, Florida, Washington, D.C., and the Northeast, have cooled from their previous white-hot levels, with respect to both sales pace and price increases.

171

Charlie has a nose for value.

148

We're going to see a leveling off, or at least a slowing, in the appreciation rate for a little while.

147

Our anticipated results for our second quarter and the remainder of fiscal 2006 reflect smaller year-over-year increases in earnings than we had anticipated, primarily due to continuing production delays in several markets that have postponed deliveries, a slower recent sales pace, higher cancellation rates, more pronounced use of concessions and incentives, and material price increases.

122

Clearly the market has slowed from the white-hot conditions that have existed over the prior years.

121