All forward-looking statements are based upon information available to D.R. Horton on the date of this conference call, and D.R. Horton does not undertake any obligation to publicly update or revise any forward-looking statements. Additional information about factors that could lead to material changes in performance is contained in D.R. Horton's annual report on Form 10-K, which is filed with the Securities and Exchange Commission. After this call, we will post updated investor and supplementary data presentations to our investor relations site on the presentations section under news and events for your reference.
D.R. Horton's (DHI) fiscal first quarter ails from moderation in housing demand, given higher mortgage rates and general economic uncertainty.