Hi Patrick, I'm not sure how much of this we can attribute to overall market bounce back because builders are in position to do whatever it takes to move product. I'm not surprised that new builds increased because of the outrageous incentives that are being thrown at buyers. Thousands towards closing costs and rate buy downs. Thousands towards upgrades. Price reductions. Reduced lot premiums. Etc, etc, etc. I think the news is positive, but I also think that the builders will find the bottom before the resale market due to this flexibility. As builders pull fewer permits, the supply will start coming back in line with demand, as well. The biggest hurdle that our market will continue to face are from resellers who absolutely must sell, but have zero flexibility. Already attempting to minimize loss or sell short, they have nowhere to go on price or concessions. Until these properties start moving, or being pulled off the market, it's going to be bumpy for sellers. It's good to see a positive report, however.