I don't think they're less cautious. But they've just understood that they can sell more. There's just continued strong demand for homes, and the builders are trying to build homes that will sell.

Overall things are slowing down, but they are slowing from what was basically a very strong, if not frenzied, market.

We had a strong first quarter with results significantly improved from the previous quarter, reflecting robust demand and continued firm prices across all business units.

I think there's going to be demand, but I wouldn't say it's strong. We're not talking about a runaway.

These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median.

It's part of a broader trend. Nationwide there are markets that have a ways to go, especially in the Midwest. But we're much closer to the end of the cycle than the peak. Now we're watching how it plays out -- whether it's going to smash into a wall or just level off for a while.