Question-and-Answer Session
Operator
(Operator instructions) Our first question today comes from Joel Locker of FBN Securities.
Joel Locker - FBN Securities
Hi guys nice to have on orders this quarter. Just I want to say that and also on the land sales actually I see that 2 million or so in D.C. that is pretty typical of what you guys have been doing, but just the 3 million in San Diego Riverside and the 8 million corporate and other, like who were the buyers of those and you know what stage and development, I don’t see a lot number or how many lots were attached of those and just talking those in detail maybe?
Ian Cockwell
Joel it is Ian. The Riverside lots is in fact related to school sites and the – so that is the local school district. The net sales in corporate and other was in fact related to a commercial site that we had under option.
Joel Locker - FBN Securities
Which you had under option. And who were the buyers, I mean of that commercial price?
Ian Cockwell
The school districts in the case of the school sites and the buyer was the commercial property developer.
Joel Locker - FBN Securities
Property developer. Thanks and the $8.5 million gain in other income what would those – what did that consist off?
Craig Laurie
It is Craig, Joel. That is primarily the interest rate swap.
Joel Locker - FBN Securities
The interest swap. Just like – I mean that happened a year ago also, I guess that is something that that kind of – is seasonally in the second quarter?
Craig Laurie
Well they are -- the interest rate swaps just depends on interest rate, so the interest rates slowly move up.
Joel Locker - FBN Securities
That was just coincidence, that was a year-ago also and just last question and I will jump back in the queue, the improvement in July orders year-over-year can you quantify that a little bit?
Ian Cockwell
The actually percentage – we have seen that continue in the improvement as we saw in the second quarter, we have seen it continue into this quarter of 2009 – into July, I don’t know if you have specific --.
Joel Locker - FBN Securities
Yes I just wondering if – I mean was it up a couple percent or do you have like for the first four weeks of July, last year it was 50 and this year was 55 or just something along those lines?
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