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

It's clearly a market mix issue. Expensive homes are not selling as fast as inexpensive homes.

The market now is more healthy than it was during the frenzied phase.

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.

This should induce some slowing in housing market activity, but we expect the housing market in 2006 to be strong, nonetheless.

We are not seeing anything fundamentally that's slowing the market down. We just think with the normal seasonality changes and the size of our company, this is a good forecast for the market.