STOCK/SYMBOL                                        PRICE*        P-E RATIO**

CENTEX (
CTX)                                              $29.63            6.5
Large player, with interestsoutside of
homebuilding, including financial services
and construction products

D.R. HORTON (
DHI)                                          16.81           5.6
A leader in industry's consolidation; impressive
23-year record of growth in earnings per share that
is over 20%

KAUFMAN & BROAD (
KBH)                                      24.69           6.0
A major builder with exposure to the red-hot
California market; also has extensive operations
in France

LENNAR (
LEN)                                               25.88            7.5
Also a significant force in California; recently
increased its market share through acquisition of
U.S. Home

MDC HOLDINGS (
MDC)                                         22.81            5.3
Most of its operations are focused in Denver,
Tucson, and around Southern California

TOLL BROTHERS (
TOL)                                        29.38            7.6
No. 1 builder of luxury homes. Has a 10-month
backlog of orders for homes with an average price
of $475,000


* Sept. 18 close.
** Based on estimates of next fiscal year's earnings.

DATA: BLOOMBERG FINANCIAL MARKETS, BW