It adds a lot of uncertainty for the business environment. But for the folks who already have a house, these appreciation rates are generally good news.

The operating environment for automotive supply companies remains as challenging as ever with a lot of uncertainty in the North American markets. Our formula for success remains unchanged. We will continue focusing on those areas within our control, executing with discipline on the fundamentals and maintaining a relentless focus on controlling costs. We should also continue to benefit from our balance and diversification in terms of products, markets served and our customer base as well as from a strong new product and technology pipeline designed to help Tenneco win incremental OE and aftermarket business.

Sixteen-point-five percent was very impressive relative to the [national] average [12 percent].

I've been marveling at the appreciation rates in Central California.

This weakness in an environment of price shocks, fuel volatility and regulatory uncertainty is the recipe for continued boom and bust cycles in the power industry.

This past year can be characterized as a period of volatility and uncertainty in the global economic environment,