The quarters pre-tax income increased 184%. Revenue increased 47%. Here's the kicker. Backlogged homes has increased 36%. They have 9,911 homes under contract to be built. We will see today and tomorrow and next week just how crooked this market really is.
Well here we go. They are short so the emphasis is put on revenues. Last year at this time revenues higher because nearly all the revenues were from an accounting procedure not real revenues. This year they are real revenues. If you are on the wrong side of the big money you know the rest of the story.