The views expressed in the foregoing are those of the Public Home Builders Council of America (the "PHBCA") and are not attributable to the individual company members of the PHBCA. The statements in this web site that are not historical facts are forward-looking statements that represent the PHBCA's current expectations and assumptions based upon data currently available to and reviewed by the PHBCA. Should the data available to the PHBCA change or the PHBCA's underlying assumptions prove incorrect, actual results or developments may vary materially from those expected by the PHBCA. The PHBCA disclaims any obligation to update or revise the statements made in this web site.