Homebuilders off to an excellent start to the year - despite some soft quarters ahead the long term outlook is excellent - [pre] YTD - TKR % Change Cur Price Start Price NAIL 11% 33.96 30.66 CCS 8% 53.97 50.01 MHO 7% 49.55 46.18 TMHC 6% 32.32 30.35 LGIH 6% 98.28 92.6 GRBK 6% 25.65 24.23 TPH 6% 19.63 18.59 MTH 5% 97.03 92.2 LSEA 5% 5.46 5.21 KBH 5% 33.35 31.85 BZH 4% 13.31 12.76 PHM 4% 47.41 45.53 TOL 4% 51.87 49.92 LEN 3% 93.61 90.5 DHI 3% 91.64 89.14 AVERAGE RETURN = 6%