“It's going to take five to nine months to clear up the anomaly of investors pulling out of the market, and adding excess inventory. We're going to have to work for a living.”

—Ara Hovnanian, president and CEO, K Hovnanian Enterprises

“The demand to grow has exceeded the publics' ability to put people in place who can run these companies. I'd give us privates an edge in this market.”

—Richard Bell, founder and CEO, Turnberry Homes

“If you haven't already gotten your organization ready for a down market, you're already behind the eight-ball. You've got to get your rear-end out in the field.”

–Daniel Horner, president and COO, C.P. Morgan Communities