I think there are a number of factors that have led (to the growth), including the low interest rates giving people the opportunity to get into the home market.

A recovery of growth to around trend in the first half of 2006 will not threaten interest rates in either direction.

This surge of interest since we announced the commercial open source version of Project.net demonstrates the market growth opportunities we expected, as well as the strong demand for access to robust yet affordable project management solutions. Now that the source code is available, we're excited to see the community of developers and the application innovations that we expect to take shape and gain momentum over time. Project.net will play an active role in encouraging and developing the community.

We have solid employment growth, stable interest rates and rising immigration. They are all supporting building.

The downside risks of higher interest rates and slower earnings growth are becoming greater.

Our broad revenue growth and expanding net interest margin indicate that the momentum we carried into this year is continuing to build.