Exhibit 12.1

STATEMENT OF COMPUTATION OF

RATIO OF EARNINGS TO FIXED CHARGES

We have computed the ratio of earnings to fixed charges for each of the following periods on a consolidated basis. For purposes of computing the ratio of earnings to fixed charges, “earnings” consist of (a) income (loss) from continuing operations before income taxes , (b) amortization of capitalized interest and (c) fixed charges, exclusive of capitalized interest cost. “Fixed charges” consist of (a) interest incurred, (b) amortization of deferred loan costs and debt discount and (c) that portion of operating lease rental expense (33%) deemed to be representative of interest. You should read the ratio of earnings to fixed charges in conjunction with our consolidated and condensed financial statements that are incorporated by reference in this prospectus.

	Fiscal Year Ended September 30,															Three Months Ended December 31,
	2006			2007			2008			2009			2010			2009			2010
																unaudited
Earnings (loss) before income taxes		593,527			(535,955	)		(710,858	)		(183,872	)		(148,271	)		(49,319	)		(49,053	)
Plus: Fixed charges		130,636			154,515			145,363			137,548			130,774			34,097			33,121
Less: Capitalized interest		(124,162	)		(148,444	)		(84,474	)		(50,451	)		(53,102	)		(12,648	)		(13,443	)
Add: Interest amortized to COS		95,974			127,530			112,262			54,714			52,243			11,384			6,894
Add: Interest impaired to COS		—			12,350			13,795			3,376			2,313			632			—
Earnings available for fixed charges		695,975			(390,004	)		(523,912	)		(38,685	)		(16,043	)		(15,854	)		(22,481	)
Fixed Charges		130,636			154,515			145,363			137,548			130,774			34,097			33,121
Ratio of Earnings to Fixed Charges		5.3x			(1	)		(1	)		(1	)		(1	)		(1	)		(1	)

(1) Earnings for the fiscal years ended September 30, 2007, 2008, 2009 and 2010 and the fiscal quarters ended December 31, 2009 and 2010 were insufficient to cover fixed charges by $390 million, $524 million, $39 million, $16 million, $16 million and $22 million, respectively.