Quote of the Day - Centex Corp. (CTX)

Quote of the day comes from the Centex Corp. (CTX) conference call that was held on July 30, 2008.

"Conditions in the housing market worsened in the quarter and we don't see any improvements in market conditions for remainder of this fiscal year. Foreclosures are arising dramatically in most markets, employment growth is slowing. Mortgage rates are on the rise and we're seeing stricter mortgage qualification requirements for home buyers. Energy costs have increased substantially for our subcontractors, suppliers and customers."

Timothy Eller - Chairman and Chief Executive Officer of Centex Corp.