Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

	Three Months
	Ended			Actual Year			Actual Year			Actual Year			Actual Year			Actual year
(Dollars In Thousands)	01/31/09			10/08			10/07			10/06			10/05			10/04
Net (loss) income	$	(178,410	)	$	(1,124,590	)	$	(627,119	)	$	149,533		$	471,847		$	348,681
Add:
Federal and state income tax (benefit) provisions		584			(43,458	)		(19,847	)		83,573			308,738			201,091
Interest expensed		47,359			176,336			141,754			111,944			89,721			75,042
Interest expensed mortgage and financing subsidiaries		456			3,601			6,009			7,767			5,801			2,765
Distribution of earnings of unconsolidated joint ventures, net of income (loss) from unconsolidated joint ventures		23,738			44,061			32,221			(347	)		(6,171	)		(334	)
Amortization of bond prepaid expenses		1,660			3,863			2,151			2,089			2,012			10,999
Amortization of bond discounts		116			821			1,084			1,039			715			571
Total (loss) earnings	$	(104,497	)	$	(939,366	)	$	(463,747	)	$	355,598		$	872,663		$	638,815
Fixed Charges:
Interest incurred	$	53,510		$	190,801		$	194,547			166,427			102,930			87,674
Interest incurred mortgage and financing subsidiaries		456			3,601			6,009			7,767			5,801			2,765
Amortization of bond prepaid expenses		1,660			3,863			2,151			2,089			2,012			10,999
Amortization of bond discounts		116			821			1,084			1,039			715			571
Total fixed charges	$	55,742		$	199,086		$	203,791		$	177,322		$	111,458		$	102,009
Ratio of earnings of fixed charges		(a	)		(a	)		(a	)		2.0			7.8			6.3

(a) Earnings for the three months ended January 31, 2009 and for the year ended October 31, 2008 and 2007 were insufficient to cover fixed charges for such periods by $160.2 million, $1,138.5 million and $667.5 million, respectively.