It's not the beginning of the end as we see it. Most of our markets are strong. They're just not as strong as last year.

We used to all be small local companies. We were always a brand locally and now we're a brand nationally. There's a tremendous opportunity for growth in this company.

This will either be our most profitable or our second-most profitable year in the company's history.

Even after all of the sales that have taken place, (CEO) Bob Toll still owns about $1.2 billion, plus or minus, in company stock and options. Any investment adviser would tell Bob Toll that he should be diversifying to an even greater extent than he is.

The market isn't as vibrant as it was six months ago.

The 400 to 700 home reduction in our projected fiscal year 2006 delivery guidance should reduce our earnings growth projections for fiscal 2006.