we talk about them all the time. >> hovnanian. they report results before the bell as well. see you in a second. thousands of people came out today to run the race for retirement. so we asked them... are you completely prepared for retirement? okay, mostly prepared? could you save 1% more of your income? it doesn't sound like much, but saving an additional 1% now, could make a big difference over time. i'm going to be even better about saving. you can do it, it helps in the long run. prudential bring your challenges that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers) now hide-and-seek time can also be catch-up-on-my-shows time. here i come! can't find you anywhere! don't settle for u-verse. x1 from xfinity will change the way you experience tv. >>> welcome back. let's remind you of the headlines. the forecast is 200,000 but janet yellen says half that amount could be enough in order to hike rates. we speak exclusively to the ecb vice president to get his take on whether the central

and ceo, ara hovnanian, where would you characterize where we are?ery protracted great recession for housing, but we're digging out of the hole as a country and making steady progress. maria: the recent quarter, analysts thought they were below expectations, but you put a long-term growth plan in place. what's long-term for you? what does that look like? >> first of all, our most recent quarter was friday, we released and that one was beat expectations, made $40 million in profit above our guidance, above concensus. maria: third quarter. >> the third quarter people were concerned about. but the fourth quarter was great and we ended with a 49% increase of backlog going into fiscal 2016. our long-term plan is capitalizing on the growth. we had access to more capital. we were able to grow our inventories. we started a lot of developments. the sales are happening, which is why our backlog is up so we're looking forward to a breakout year in 16. maria: one issue was as mix shift in terms of pricing. how would you characterize that? >> we build in lots of

some much worse, hovnanian, pulte down by 17%. me are doing pretty well today, would caution not to make too much -- i learned that from you, as a matter of fact, neil. don't make too much of the movement in one day! is what you always tell me, that applies to this more than other stories because the sales figure wasn't great. they say there's a reason with the new mortgage forms and the stocks down year to date up on a single day. back over to you. neil: thank you, my friend. a lot of people have concern over connell's point whether things have gotten ahead of themselves especially when eric trump was here, his dad in the real estate business, the whole family is and talking about things peaking in the hot manhattan real estate market. are foreign buyers fleeing? eric was worried about it. my next guest former "the apprentice" contestant katrina and real estate attorney, adam. you've heard this argument, the both of you have, katrina, raise it with you, when the chinese pull out, the russians are pulling out. the leaders of this