Ford: At this point in time, the economy is not as bad as peoplethought it might be, even though it's soft and on the borderline ofrecession. It's not gangbusters, it's not terrific, but it'sstronger than we had anticipated. If I'm a developer, it isn't badcompared to where I was.The way the credit crisis has rolled out,there's very little institutional financing available, but adeveloper in a community or region can still get projects financed.The financing is going to require more equity, the underwriting isgoing to be much tougher and the terms are going to be moredifficult than what they were. But that changes all the time fordevelopers anyway. That's the nature of their business.

Financing is reasonably available for the parts of the pipelinethat are really moving ahead, which are upscale types of propertiesand mid-market and economy properties. Those developers don't havea problem. How long will it stay this way? It really relates towhere we're going with the economy and it's predicated almostperfectly.

GlobeSt.com: If conditions are as gloomy as national newsreports portray, what do you think are the chances of an 18thquarter of growth?