Exhibit 10.8



PURCHASE AGREEMENT

among

Bresler & Reiner, Inc.

Bresler & Reiner Statutory Trust I

and

Merrill Lynch International

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Dated
as of November 23, 2005

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PURCHASE AGREEMENT($40,000,000 Trust Preferred Securities)

THIS
PURCHASE AGREEMENT, dated as of November 23, 2005 (this "Purchase Agreement"), is entered into among Bresler &
Reiner, Inc., a Delaware corporation (the "Company"), Bresler & Reiner Statutory Trust I, a Delaware statutory trust (the
"Trust", and together with the Company, the "Sellers"), and Merrill Lynch International or its assignee.
(the "Purchaser").

WITNESSETH:

WHEREAS,
the Trust proposes to issue and sell 40,000 Preferred Securities of the Trust, having a stated liquidation amount of $1,000 per security (the "Preferred
Securities");

WHEREAS,
the entire proceeds from the sale of the Preferred Securities will be combined with the entire proceeds from the sale by the Trust to the Company of its common securities (the
"Common Securities"), and will be used by the Trust to purchase Forty One Million Two Hundred Thirty Eight Thousand Dollars ($41,238,000) in principal
amount of the unsecured junior subordinated notes of the Company (the "Junior Subordinated Notes");

WHEREAS,
the Preferred Securities and the Common Securities for the Trust will be issued pursuant to the Amended and Restated Trust Agreement (the "Trust
Agreement"), dated as of the Closing Date, among the Company, as depositor, JPMorgan Chase Bank, National Association, a national banking association, as property trustee (in
such capacity, the "Property Trustee"), Chase Bank USA, National Association, a national banking association, as Delaware trustee (in such capacity, the
"Delaware Trustee"), the Administrative Trustees named therein (in such capacities, the "Administrative
Trustees") and the holders from time to time of undivided beneficial interests in the assets of the Trust; and

WHEREAS,
the Junior Subordinated Notes will be issued pursuant to a Junior Subordinated Indenture, dated as of the Closing Date (the
"Indenture"), between the Company and JPMorgan Chase Bank, National Association, a national banking association, as indenture trustee (in such capacity,
the "Indenture Trustee").

NOW,
THEREFORE, in consideration of the mutual agreements and subject to the terms and conditions herein set forth, the parties hereto agree as follows:

1.Definitions.The Preferred Securities, the Common Securities and the Junior
Subordinated Notes are collectively referred to herein as the "Securities." This Purchase Agreement, the Indenture, the Trust Agreement and the
Securities are collectively referred to herein as the "Operative Documents." All other capitalized terms used but not defined in this Purchase Agreement
shall have the respective meanings ascribed thereto in the Indenture.

2.Purchase and Sale of the Preferred Securities.



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3.Conditions.The obligations of the parties under this Purchase Agreement are subject
to the following conditions:



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If
any of the conditions specified in thisSection 3shall not have been fulfilled when and as provided in this Purchase Agreement,
or if any of the opinions, certificates and documents mentioned above or elsewhere in this Purchase Agreement shall not be reasonably satisfactory in form and substance to the Purchaser or its
counsel, this Purchase Agreement and all the Purchaser's obligations hereunder may be canceled at, or at any time prior to, the Closing Date by the Purchaser. Notice of such cancellation shall be
given to the Company and the Trust in writing or by telephone or facsimile confirmed in writing.

Each
certificate signed by any trustee of the Trust or any officer of the Company and delivered to the Purchaser or the Purchaser's counsel in connection with the Operative Documents and
the transactions contemplated hereby and thereby shall be deemed to be a representation and warranty of the Trust and/or the Company, as the case may be, and not by such trustee or officer in any
individual capacity.

4.Representations and Warranties of the Company and the Trust.The Company and the
Trust jointly and severally represent and warrant to, and agree with the Purchaser, as follows:



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As
used herein, "Hazardous Materials" shall include, without limitation, any flammable materials, explosives, radioactive materials;
hazardous materials, hazardous substances, hazardous wastes, toxic substances or related materials, asbestos, petroleum, petroleum products and any hazardous material as defined by any federal, state
or local environmental law, statute, ordinance, rule or regulation, including, without limitation, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended,
42 U.S.C. §§ 9601-9675 ("CERCLA"), the Hazardous Materials Transportation Act, as amended,
49 U.S.C. §§ 5101-5127, the Resource Conservation and Recovery Act, as amended, 42 U.S.C.
§§ 6901-6992k, the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. 11001-11050, the Toxic
Substances Control Act, 15 U.S.C. §§ 2601-2692, the Federal Insecticide, Fungicide and Rodenticide Act, 7 U.S.C.
§§ 136-136y, the Clean Air Act, 42 U.S.C. §§ 7401-7642, the Clean Water Act (Federal Water Pollution
Control Act), 33 U.S.C. §§ 1251-1387, the Safe Drinking Water Act, 42 U.S.C.
§§ 300f-300j-26, and the Occupational Safety and Health Act, 29 U.S.C. §§ 651-678, and any
analogous state laws, as any of the above may be amended from time to time and in the regulations promulgated pursuant to each of the foregoing (including environmental

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statutes
and laws not specifically defined herein) (individually, an "Environmental Law" and collectively, the "Environmental
Laws") or by any Governmental Entity.



5.Representations and Warranties of the Purchaser.The Purchaser represents and
warrants to, and agrees with, the Company and the Trust as follows:



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6.Covenants and Agreements of the Company and the Trust.The Company and the Trust
jointly and severally agree with the Purchaser as follows:



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Each
of the Company and the Trust acknowledges and agrees that, to the extent of the principal amount of the Replacement Notes issued to the Trust under the Indenture, Purchaser (and
each successor to Purchaser's interest in the Preferred Securities) will require the Trust to issue a new series of Preferred Securities having a principal amount related to the principal amount of
the Replacement Notes (the "Replacement Securities") to designated holders of Preferred Securities, provided that any such Replacement Securities, and any distributions from the Trust to the holders
of Replacement Securities, must relate solely to the Trust's interest in the Replacement Notes and in no event will the Preferred Securities other than the Replacement Securities share in the returns
from any Replacement Notes. The Replacement Securities shall have payment dates (and corresponding redemption date and maturity date) that relate to the Replacement Notes.

Each
of the Company and the Trust agrees to cooperate with all reasonable requests of Purchaser in connection with any of the foregoing, provided that no action requested of the Company
or the Trust in connection with such cooperation shall materially increase the obligations or materially decrease the rights of the Company pursuant to such documents.

7.Payment of Expenses.The Company, as depositor of the Trust, agrees to pay all costs
and expenses incident to the performance of the obligations of the Company and the Trust under this Purchase Agreement, whether or not the transactions contemplated herein are consummated or this
Purchase Agreement is terminated, including all costs and expenses incident to (i) the authorization,

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issuance,
sale and delivery of the Preferred Securities and any taxes payable in connection therewith; (ii) the fees and expenses of the counsel, the accountants and any other experts or
advisors retained by the Company or the Trust; (iii) the fees and all reasonable expenses of the Property Trustee, the Delaware Trustee, the Indenture Trustee and any other trustee or paying
agent appointed under the Operative Documents, including the fees and disbursements of counsel for such trustees, which fees shall not exceed a $2,000 acceptance fee, $3,500 for the fees and expenses
of Richards, Layton & Finger, P.A., special Delaware counsel retained by the Delaware Trustee in connection with the Closing, and $4,000 in administrative fees annually; and (iv) $30,000
for the fees and expenses of DLA Piper Rudnick Gray Cary US LLP, special counsel retained by Taberna Capital Management, LLC.

If
the sale of the Preferred Securities provided for in this Purchase Agreement is not consummated because any condition set forth in Section 3hereof to be satisfied by either the Company or the
Trust is not satisfied, because this Purchase Agreement is terminated pursuant to Section 9or because of any failure, refusal or inability on the part of the Company or the Trust to perform all
obligations and satisfy all
conditions on its part to be performed or satisfied hereunder other than by reason of a default by the Purchaser, the Company will reimburse the Purchaser upon demand for all reasonable
out-of-pocket expenses (including the fees and expenses of each of the Purchaser's counsel specified in subparagraphs (v) and (vi) of the immediately preceding
paragraph) that shall have been incurred by the Purchaser in connection with the proposed purchase and sale of the Preferred Securities. The Company shall not in any event be liable to the Purchaser
for the loss of anticipated profits from the transactions contemplated by this Purchase Agreement.

8.Indemnification.(a) The Sellers agree, jointly and severally, to indemnify
and hold harmless the Purchaser, the Purchaser's affiliates, Taberna Capital Management, LLC, Cohen Bros. & Company, and their respective affiliates, and Merrill Lynch, Pierce, Fenner &
Smith Incorporated (collectively, the "Indemnified Parties") each person, if any, who controls any of the Indemnified Parties within the meaning of the
Securities Act or the Exchange Act, and the Indemnified Parties' respective directors, officers, employees and agents and each person, if any, who controls the Indemnified Parties within the meaning
of the Securities Act, or the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act") against any losses, claims, damages or liabilities, joint or several, to which the Indemnified
Parties may become subject, under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of a material fact contained in any information or documents
furnished or made available to the Purchaser by or on behalf of the Company, (ii) the omission or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, (iii) the breach or alleged breach of any representation, warranty, or agreement of either Seller contained herein, or (iv) the execution and
delivery by the Company and/or the Trust of this Purchase Agreement or any of the other Operative Documents and/or the consummation by the Company and/or the Trust of the transactions contemplated
hereby and thereby, and agrees to reimburse each such Indemnified Party, as incurred, for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such
loss, claim, damage, liability or action. This indemnity agreement will be in addition to any liability which the Company or the Trust may otherwise have.



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9.Termination; Representations and Indemnities to Survive.This Purchase Agreement
shall be subject to termination in the absolute discretion of the Purchaser, by notice given to the Company and the Trust prior to delivery of and payment for the Preferred Securities, if prior to
such time (i) a downgrading shall have occurred in the rating accorded the Company's debt securities or preferred stock by any "nationally recognized statistical rating organization," as that
term is used by the Commission in Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, or such organization shall have publicly announced that it has under surveillance or review, with
possible negative implications, its rating of the Company's debt securities or preferred stock, (ii) the Trust shall be unable to sell and deliver to the Purchaser at least $40,000,000 stated
liquidation value of Preferred Securities, (iii) a suspension or material limitation in trading in securities generally shall have occurred on the New York Stock Exchange, (iv) a
suspension or material limitation in trading in any of the Company's securities shall have occurred on the exchange or quotation system upon which the Company' securities are traded, if any,
(v) a general moratorium on commercial business activities shall have been declared either by federal or applicable state authorities or (vi) there shall have occurred any outbreak or
escalation of hostilities, or declaration by the United States of a national emergency or war or other calamity or crisis the effect of which on financial markets is such as to make it, in the
Purchaser's judgment, impracticable or inadvisable to proceed with the offering or delivery of the Preferred Securities. The respective agreements, representations, warranties, indemnities and other
statements of the Company and the Trust or their respective officers or trustees and of the Purchaser set forth in or made pursuant to this Purchase Agreement will remain in full force and effect,
regardless of any investigation made by or on behalf of the Purchaser, the Company or the Trust or any of the their respective officers, directors, trustees or controlling persons, and will survive
delivery of and payment for the Preferred
Securities. The provisions ofSections 7and8shall survive the termination or cancellation of
this Purchase Agreement.

10.Amendments.This Purchase Agreement may not be modified, amended, altered or
supplemented, except upon the execution and delivery of a written agreement by each of the parties hereto.

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11.Notices.



12.Successors and Assigns.This Purchase Agreement will inure to the benefit of and be
binding upon the parties hereto and their respective successors and permitted assigns. Nothing expressed or mentioned in this Purchase Agreement is intended or shall be construed to give any person
other than the parties hereto and the affiliates, directors, officers, employees, agents and controlling persons referred to in Section 8 hereof and their successors, assigns, heirs and legal
representatives, any right or obligation hereunder. None of the rights or obligations of the Company or the Trust under this Purchase Agreement may be assigned, whether by operation of law or
otherwise, without the Purchaser's prior written consent;however, the Company may consolidate with or merge into another Person or convey, transfer, or
lease its properties and assets substantially as an entirety to any Person

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without
the Purchaser's prior written consent, provided that the entity formed by such consolidation or into which the Company is merged or the Person that acquired by conveyance or transfer, or that
leases, the properties, and assets of the Company substantially as an entirety shall (i) be an entity organized and existing under the laws of the United States of America or any State or
Territory thereof or the District of Columbia and (ii) expressly assume the due and punctual payment of the principal of and any premium and interest on the Junior Subordinated Notes and the
performance of every covenant of this Purchase Agreement on the part of the Company to be performed or observed. The rights and obligations of the Purchaser under this Purchase Agreement may be
assigned by the Purchaser without the Company's or the Trust's consent; provided that the assignee assumes the obligations of the Purchaser under this Purchase Agreement.

13.Applicable Law.THIS PURCHASE AGREEMENT WILL BE GOVERNED BY AND CONSTRUED AND
ENFORCED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW).

14.Submission To Jurisdiction.ANY LEGAL ACTION OR PROCEEDING BY OR AGAINST ANY PARTY
HERETO OR WITH RESPECT TO OR ARISING OUT OF THIS PURCHASE AGREEMENT MAY BE BROUGHT IN OR REMOVED TO THE COURTS OF THE STATE OF NEW YORK, IN AND FOR THE COUNTY OF NEW YORK, OR OF THE UNITED STATES OF
AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK (IN EACH CASE SITTING IN THE BOROUGH OF MANHATTAN). BY EXECUTION AND DELIVERY OF THIS PURCHASE AGREEMENT, EACH PARTY ACCEPTS, FOR ITSELF AND IN RESPECT OF
ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS (AND COURTS OF APPEALS THEREFROM) FOR LEGAL PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS PURCHASE
AGREEMENT.

15.Counterparts and Facsimile.This Purchase Agreement may be executed by any one or
more of the parties hereto in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. This
Purchase Agreement may be executed by any one or more of the parties hereto by facsimile.

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IN
WITNESS WHEREOF, this Purchase Agreement has been entered into as of the date first written above.

| | BRESLER & REINER, INC.            
| | ----------------------------------
| | By:                               
| |                                   
| |                                   
| | BRESLER & REINER STATUTORY TRUST I
| | By:                               
| |                                   
| |                                   
| |                                   

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| | Merrill Lynch International
| | ---------------------------
| | By:                        
| |                            
| |                            

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SCHEDULE 1

List of Significant Subsidiaries

Schedule 1-1

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ANNEX A-I

Pursuant to Section 3(c)(i) of the Purchase Agreement, counsel for the Company, shall deliver an opinion to the effect that:



A-I-1

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A-I-2

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ANNEX A-II

Pursuant to Section 3(c)(ii) of the Purchase Agreement, General Counsel for the Company shall deliver an opinion, or the Company shall provide an
Officers' Certificate, to the effect that:



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ANNEX B

Pursuant
to Section 3(d) of the Purchase Agreement, special tax counsel for the Purchaser, shall deliver an opinion to the effect that:



In
rendering such opinions, such counsel may (A) state that its opinion is limited to the federal laws of the United States and (B) rely as to matters of fact, to the
extent deemed proper, on certificates of responsible officers of the Company and public officials.

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ANNEX C

Pursuant to Section 3(e) of the Purchase Agreement, Richards, Layton & Finger, P.A., special Delaware counsel for the Delaware Trustee, shall
deliver an opinion to the effect that:



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In
rendering such opinions, such counsel may (A) state that its opinion is limited to the laws of the State of Delaware, (B) rely as to matters of fact, to the extent
deemed proper, on certificates of responsible officers of the Company and public officials and (C) take customary assumptions and exceptions as to enforceability and other matters.

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ANNEX D

Pursuant to Section 3(0 of the Purchase Agreement, Gardere Wynne Sewell LLP, special counsel for the Property Trustee and the Indenture Trustee, shall
deliver an opinion to the effect that:



In
rendering such opinions, such counsel may (A) state that its opinion is limited to the laws of the State of New York and the laws of the United States of America,
(B) rely as to matters of fact, to the extent deemed proper, on certificates of responsible officers of JPMorgan Chase Bank, National Association, the Company and public officials, and
(C) make customary assumptions and exceptions as to enforceability and other matters.

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ANNEX E

Pursuant to Section 3(g) of the Purchase Agreement, Richards, Layton & Finger, P.A., counsel for the Delaware Trustee, shall deliver an opinion to
the effect that:



In
rendering such opinions, such counsel may (A) state that its opinion is limited to the laws of the State of Delaware and the federal laws of the United States governing the
trust powers of Chase Bank USA, National Association, (B) rely as to matters of fact, to the extent deemed proper, on certificates of responsible officers of the Company and public officials
and (C) take customary assumptions and exceptions.

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ANNEX F

Officer's Financial Certificate

The undersigned, the [Chairman/Vice Chairman/Chief Executive Officer/President/ Vice President/Chief Financial Officer/Treasurer/Assistant
Treasurer], hereby certifies, pursuant to Section 6(h) of the Purchase Agreement, dated as of November 23, 2005, among Bresler & Reiner, Inc. (the "Company"),
Bresler & Reiner Statutory Trust I (the "Trust") and Merrill Lynch International, that, as of [date], [20    ], the Company, if
applicable, and its Subsidiary had the following ratios and balances:

|As of [Quarterly/Annual Financial Date], 20                      |  |   |  |  
|---------------------------------------------------------------- |  | - |  | -
|Senior secured indebtedness for borrowed money ("Debt")          |  | $ |  |  
|Senior unsecured Debt                                            |  | $ |  |  
|Subordinated Debt                                                |  | $ |  |  
|Total Debt                                                       |  | $ |  |  
|Ratio of (x) senior secured and unsecured Debt to (y) total Debt |  |   |  | %

[FOR FISCAL YEAR END:Attached hereto are the audited consolidated financial statements (including the balance
sheet, income statement and statement of cash flows, and notes thereto, together with the report of the independent accountants thereon) of the Company and its consolidated subsidiaries for the three
years ended [date], 20    and all required Statutory Financial Statements (as defined in the Purchase Agreement) for the year ended [date],
20    ]

[FOR
FISCAL QUARTER END: Attached hereto are the unaudited consolidated and consolidating financial statements (including the balance sheet and income statement) of the
Company and its consolidated subsidiaries and all required Statutory Financial Statements (as defined in the Purchase Agreement) for the year ended [date],
20    ] for the fiscal quarter ended [date], 20    .]

The
financial statements fairly present in all material respects, in accordance with U.S. generally accepted accounting principles ("GAAP"), the financial position of the Company and its
consolidated subsidiaries, and the results of operations and changes in financial condition as of the date, and for the [.    quarter interim]
[annual] period ended [date], 20    , and such financial statements have been prepared in accordance with GAAP consistently applied throughout
the period involved (expect as otherwise noted therein).

There
has been no monetary default with respect to any indebtedness owed by the Company and/or its subsidiaries (other than those defaults cured within 30 days of the occurrence
of the same) [, except as set forth below;].

[Insert
any exceptions by listing, in detail, the nature of the condition or event causing such noncompliance, the period during which such condition or event has existed and
the action(s) the Company has taken, is taking, or proposes to take with respect to each such condition or event.]

I,
the undersigned, the [Chairman/Vice Chairman/Chief Executive Officer/President/Vice President/Chief Financial Officer/Treasurer/Assistant Treasurer], hereby
certify that I have reviewed the terms of the Indenture and I have made, or have caused to be made under my supervision, a detailed review of (i) the covenants of the Company set forth therein,
in particular, Section 10.9 of the Indenture (the "Financial Covenants") and (ii) the transactions and conditions of the Company and its subsidiaries during the accounting period ended
as of [    ] (the "Accounting Period"), which Accounting Period is covered by the financial statements attached hereto. The examinations described in the preceding
sentence did not disclose, and I have no knowledge of, the existence of any condition or event which

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constitutes
a Default or an Event of Default (each as defined in the Indenture) during or at the end of the Accounting Period or as of the date of this certificate [, except as set forth
below:],

[Insert
any exceptions by listing, I detail, the nature of the condition or event causing such noncompliance, the period during which such condition or event has existed and
the action(s) the Company has taken, is taking, or proposes to take with respect to each such condition or event.]

Page    attached
hereto sets forth the financial data and computation evidencing the Company's compliance with the Financial Covenants, all of which data and computations are
true, complete and correct.

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IN
WITNESS WHEREOF, the undersigned has executed this Officer's Financial Certificate as of this        day
of                        ,20            .

| | Bresler & Reiner, Inc.                                                    
| | --------------------------------------------------------------------------
| | By:                                                                       
| | Name:                                                                     
| | Bresler & Reiner, Inc.
11200 Rockville Pike, Suite 502
Rockville, MD 20852

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