Exhibit 12.1

Forestar Group Inc.

Computation of Ratio of Earnings to Fixed Charges

$ in thousands

	Nine Months Ended 30-Sep-11			Year Ended December 31,
				2010			2009			2008			2007			2006
Fixed Charges:
Interest Expense		12,933			16,446			20,459			21,283			9,229			6,229
Capitalized Interest		399			75			1,021			3,628			3,351			543
Total Fixed Charges		13,332			16,521			21,480			24,911			12,580			6,772
Income Before Taxes		46,103			7,595			94,740			17,209			38,704			81,814
Plus:
Total Fixed Charges		13,332			16,521			21,480			24,911			12,580			6,772
Distribution of earnings of unconsolidated ventures		5,307			1,609			259			1,053			2,863			1,519
Minus:
Equity in (earnings) loss of unconsolidated ventures		(1,632	)		(4,701	)		7,771			(4,642	)		(3,732	)		(19,371	)
Capitalized Interest		(399	)		(75	)		(1,021	)		(3,628	)		(3,351	)		(543	)
Earnings		62,711			20,949			123,229			34,903			47,064			70,191
Ratio of earnings to fixed charges		4.7			1.3			5.7			1.4			3.7			10.4