shares of home builder taylor morrison hitting a 52-week high in april and it is down 20% since thatng us now is sheryl palmer, ceo of taylor morrison it is the question of the moment lgi homes announced a record breaking uniand second quarter, housing closings and mortgage applications and refinancing applications are down. what are you seeing in your business is the housing market starting to cool off for you? >> good afternoon. thank you for having me here today. we are seeing -- we continue to see a very robust housing market i think demand remains strong. we're seeing that across really all geographies as well as all consumer cohorts we are seeing some numbers around mortgage applications, but we have to separate the supply and demand that we're seeing out there and we are at multi-year lows as far as both new and resale inventory and honestly, it's going to -- it will be very difficult for us to make up the shortage that we've been -- the deficit that we've been building on for more than a decade now >> very interesting, and when you talked about geographies, are you seeing any