Phoenix�s Joseph Carl Homes Gets a Strong Starts

We�re staying focused on a very positive story in home building right now. It�s not a big story. On the contrary, it�s rather a small one. Ten new-home sales small. Still, those 10 homes sales are in four weeks. Multiply by 12 months�if the housing gods smile�and we�ve got ourselves another big builder. That�s the way it�s going to add up, if it does all add up. Make no mistake, we�re not predicting a rising tide here that will lift all boats. We�re probably more in the camp of those who think like Meritage Homes CEO Steve Hilton, who believes that 2005 to 2015 may go down as new-home building�s �Lost Decade.� We�ll accentuate the positive even knowing there�s plenty of negatives.

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