Selected Financial Data

(amounts in millions, except unit and share data) unaudited

(1) 1995 reflects a $45 million pretax charge related to homebuilding inventories and investments in unconsolidated joint ventures.

(2) The Company sold its institutional mortgage securities administration business in the second quarter of 1995. 1995 results from discontinued operations include the second-quarter gain on the sale and the results of operations for the first half of 1995.

(3) The Company reported an extraordinary after-tax charge of $3.3 million in 1998 related to a loss on the early extinguishment of debt.

(4) The Company adopted Statement of Financial Accounting Standards No. 115, "Accounting for Certain Investments in Debt and Equity Securities," in 1994.

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