Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Michael Rehaut - JPMorgan
Michael Rehaut - JPMorgan
I was looking through your, the S-4 filing yesterday, looking at the strategic case forecast and it looks like you’re projecting roughly flat revenue in 2010 and the pretty large, 40% increase in 2011 and pretty much steady growth after that, just trying to get at what you are assuming for orders and pricing relative to today’s levels over the next few quarters for that scenario to play out.
Roger Cregg
We don’t want to get into a lot of the detail on the S-4 but I think what we’re relatively conservative in our approach on the pricing side and then again if you take a look at the volume we expect a turnaround to start to form in 2011 and again, with moderate growth going forward from that standpoint.
Again you can see the two cases that we used in there, one was more focused on liquidity and the other was more strategic which again you try to get back to some reasonable view of the business.
Michael Rehaut - JPMorgan
If you can give any type of market color, what markets were worse or better then what you had expected going into the quarter and whether or not any of the Federal tax credits, the credits in California have been a significant benefit to sales over the last couple of weeks.
Richard Dugas
A couple of thoughts there, we’ve seen some relative strength in the Washington, DC market over the first quarter. It appears that particularly the Virginia side as opposed to the Maryland side of that business is beginning to firm. I would say that the California tax credit is working well. Its probably been a standout relative to many of the industry contacts that I’ve talked to as well as our own business and I think part of the reason there is there’s a limit on the amount of credit dollars available and people are responding.
Other then that, the markets are clearly still challenged and difficult. We’ve seen continued relative strength in Texas and to some extent in the Carolina’s but the market still remains challenged. But those would be the markets I would comment on.
Operator
Your next question comes from the line of Joshua Levin - Citi Investment Research
Joshua Levin - Citi Investment Research
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