The weather increased the erratic nature of the report. Places like Florida saw building delays in November, and now they're catching up in December.

Without question, the housing market has peaked out. However, I think it will be a modest decline.

What is different now is the negative comments on the demand side, ... It indicates that Toll's high-end market has probably peaked and at best will go sideways.

The name and credibility of these older and more established companies are winning them more business. Longevity and balance sheets are considerations.

What is pushing people online is the low costs. The Internet will save both governments and end users money. There's a lot to be gained.

As long as low rates remain, housing is going to continue to do better than expected,