|                                         |   | Fiscal      Years Ended March 31, (1) |       |
|----------------------------------------------|--------|---------------------------------------|------------|
|                                         |   | 2009                                  |       |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
|                                         |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings                                     |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      (Loss) from continuing         |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |
|     operations      (2)  |   | $                                     | (1,526,771 | ) |   | $ | (2,875,158 | ) |   | $ | 106,786 |   |   | $ | 1,880,738 |   |   | $ | 1,394,606 |   |
| Minority      interests in income of         |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| consolidated      subsidiaries               |   |                                  | 326        |   |   |   | 1,333 |   |   |   | 2,587 |   |   |   | 3,469 |   |   |   | 2,467 |   |
| Undistributed      (income) loss from        |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| equity    investments                        |   |                                  | 70,777     |   |   |   | 104,479 |   |   |   | 79,615 |   |   |   | 6,298 |   |   |   | (3,717 | ) |
| Fixed      charges                           |   |                                  | 253,992    |   |   |   | 312,277 |   |   |   | 421,491 |   |   |   | 321,733 |   |   |   | 236,001 |   |
| Interest      capitalized                    |   |                                  | (165,992   | ) |   |   | (238,203 | ) |   |   | (308,023 | ) |   |   | (232,860 | ) |   |   | (176,874 | ) |
| Amortization      of capitalized interest    |   |                                  | 183,799    |   |   |   | 314,017 |   |   |   | 246,579 |   |   |   | 171,189 |   |   |   | 131,937 |   |
| Net Earnings    (Loss)                       |   | $                                     | (1,183,869 | ) |   | $ | (2,381,255 | ) |   | $ | 549,035 |   |   | $ | 2,150,567 |   |   | $ | 1,584,420 |   |
|                                         |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      Charges                           |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense including amortization |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of debt discount (3)                         |   | $                                     | 244,392    |   |   | $ | 302,577 |   |   | $ | 407,391 |   |   | $ | 312,133 |   |   | $ | 228,501 |   |
| Interest      factor attributable to rentals |   |                                  | 9,600      |   |   |   | 9,700 |   |   |   | 14,100 |   |   |   | 9,600 |   |   |   | 7,500 |   |
| Total Fixed    Charges                       |   | $                                     | 253,992    |   |   | $ | 312,277 |   |   | $ | 421,491 |   |   | $ | 321,733 |   |   | $ | 236,001 |   |
|                                         |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of Earnings to Fixed              |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Charges (4)                                  |   |                                  | -          |   |   |   | - |   |   |   | 1.30 |   |   |   | 6.68 |   |   |   | 6.71 |   |
|                                         |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Coverage      Deficiency                     |   | $                                     | 1,437,861  |   |   | $ | 2,693,532 |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                         |   |                                  |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (1)   | The      ratios presented in this table have been adjusted to reflect our home      services operations (sold in April 2008), Construction Services (sold in      March 2007), Home Equity (sold in July 2006), International Homebuilding      (sold in September 2005), Construction Products (spun off in January      2004), and Manufactured Homes (spun off in June 2003) as discontinued      operations. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Earnings      (Loss) from Continuing Operations are Before Income Taxes and Cumulative      Effect of a Change in Accounting Principle adopted in fiscal      2004. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Excludes      interest related to our unrecognized tax benefits as such interest is      included as a component of the income tax  provision. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Earnings      were inadequate to cover fixed charges for the fiscal years ended      March 31, 2009 and 2008. |
|-----------------|--------------------------------------------------------------------------------------------------------------------|

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