Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

(Dollars In Thousands)		Actual Year 10/06		Actual Year 10/05		Actual Year 10/04		Actual Year 10/03		Actual Year 10/02
Net income		$	149,533	$	471,847	$	348,681	$	257,380	$	137,696
Add:
	Federal and state income taxes		83,573		308,738		201,091		154,138		88,034
	Interest expensed		111,944		89,721		75,042		63,658		60,371
	Interest expensed mortgage and financing subsidiaries		7,767		5,801		2,765		2,487		2,337
	Amortization of bond prepaid expenses		2,089		2,012		10,999		2,978		2,119
	Amortization of bond discounts		1,039		715		571		514		441
Total Earnings		$	355,945	$	878,834	$	639,149	$	481,155	$	290,998
Fixed Charges:
	Interest incurred	$	166,427	$	102,930	$	87,674	$	66,332	$	57,406
	Interest incurred mortgage and financing subsidiaries		7,767		5,801		2,765		2,487		2,337
	Amortization of bond prepaid expenses		2,089		2,012		10,999		2,978		2,119
	Amortization of bond discounts		1,039		715		571		514		441
Total fixed charges		$	177,322	$	111,458	$	102,009	$	72,311	$	62,303
Ratio of earnings to fixed charges			2.0		7.9		6.3		6.7		4.7

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(Dollars In Thousands)	Actual Year 10/06		Actual Year 10/05		Actual Year 10/04		Actual Year 10/03		Actual Year 10/02
Total earnings—above	$	355,945	$	878,834	$	639,150	$	481,155	$	290,998
Total fixed charges—above		177,322		111,458		102,010		72,311		62,303
Preferred stock dividends (adjusted to pre-tax dollars)		16,641		4,563
Combined fixed charges and preferred stock dividends	$	193,963	$	116,021	$	102,010	$	72,311	$	62,303
Ratio of earnings to combined fixed charges and preferred stock dividends		1.8		7.6		6.3		6.7		4.7