CODE OF ETHICS

Home ownership should be within the reach of every American family. American homes should be well designed, well constructed, and well located in attractive communities, with educational, recreational, and religious and shopping facilities accessible to all. American homes should be built under the free enterprise system.

To achieve these goals, we pledge allegiance to the following principles and policies:

• Our paramount responsibility is to our customers, our community, and our country.

• Honesty is our guiding business policy.

• High standards of health, safety, and sanitation shall be built into every home.

• Members shall deal fairly with their respective employees, sub-contractors, and suppliers.

• As members of a progressive industry, we encourage research to develop new materials, new building techniques, new building equipment and improved methods of home financing; to the end that every new home purchaser may get the greatest value possible for every dollar.

• All sound legislative proposals affecting our industry and the people we serve shall have our vigorous support.

• We hold inviolate the free enterprise system and the "American Way of Life". We pledge our support to our associates, our local, state, and national associations and all related industries concerned with the preservation of legitimate rights and freedoms.