Contracts = activity.

Not sales, which are a lagging indicator - who cares what happened 30 - 60 days ago? With that in mind, you may want to know that we saw 11 houses go to contract in the past 10 business days. That's not much, obviously, so let's hope that it's merely a reflection of vacation schedules rather than a lack of interest in buying homes. Usually in August, that's the right explanation but I, at least, am a little nervous.