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Addendum 2: Homebuilders Are Peaking

Date Price P/E
08/31/05    &nbs... 885.00 11.03
09/30/05    &nbs... 884.00 11.01
10/31/05    &nbs... 685.50 8.54
11/30/05    &nbs... 687.25 7.60
12/31/05    &nbs... 702.00 7.76
01/31/06    &nbs... 794.25 8.78
02/28/06    &nbs... 753.00 7.88
03/31/06    &nbs... 738.00 7.73
04/30/06    &nbs... 755.00 7.90
05/31/06    &nbs... 609.00 5.96
06/30/06    &nbs... 491.25 4.81
07/31/06    &nbs... 495.00 4.84
08/31/06    &nbs... 513.65 5.27
09/29/06    &nbs... 535.00 5.49
10/31/06    &nbs... 561.50 5.76
11/29/06    &nbs... 565.00 6.42
12/29/06    &nbs... 645.00 7.33
01/31/07    &nbs... 692.52 7.87
02/28/07    &nbs... 676.85 8.30
03/30/07    &nbs... 665.00 8.16
04/30/07    &nbs... 824.00 10.11
05/31/07    &nbs... 797.00 11.79
06/30/07    &nbs... 679.75 10.06
07/31/07    &nbs... 578.48 8.56
08/31/07    &nbs... 559.50 8.85
09/28/07    &nbs... 470.25 7.44
10/31/07    &nbs... 475.75 7.53
11/30/07    &nbs... 492.00 9.10
12/31/07    &nbs... 524.00 9.69
01/31/08    &nbs... 631.50 11.68
02/28/08    &nbs... 575.48 11.86
03/31/08    &nbs... 597.50 12.31
04/24/08    &nbs... 663.91 13.68
05/31/08    &nbs... 565.37 13.14
06/30/08    &nbs... 500.08 11.62
07/31/08    &nbs... 552.32 12.83
08/29/08    &nbs... 597.73 17.63
09/30/08    &nbs... 572.00 16.87
10/31/08    &nbs... 490.21 14.46
11/30/08    &nbs... 424.35 25.50
12/31/08    &nbs... 456.25 27.42
01/31/09    &nbs... 426.09 25.61
02/28/09    &nbs... 332.77 27.19
03/31/09    &nbs... 438.00 35.78
04/24/09    &nbs... 520.00 42.39
05/05/09    &nbs... 535.00 43.71