January 16, 2013 - Texas Workforce Commission

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1 Let's first look at just the month of
2 September for housing. That target of 32 is
3 one-twelfth of the annual total, which is how we
4 derive that number 32. Once we complete the month of
5 September and we learn that we have closed only 20,
6 that makes our target in October all 32 that we would
7 originally expect to close in October, plus the 12
8 shortfall from the month of September, which is why
9 October then becomes 44.
10 In October we actually closed 36, which
11 is four more than we would normally hope to close in a
12 month. So, we are now at November where we expect to
13 do 32 for November, plus 8 of the 12 from September
14 that we didn't get closed in October for a total of
15 40. Does that make sense?
16 COMMISSIONER GLOVER: Somewhat. Let me
17 ask you -- let me ask you this, too. So, what -- I
18 can never make this thing --
19 CHAIRMAN ANDERSON: In the middle.
20 COMMISSIONER GLOVER: Anyway, I'm loud
21 enough. So, my question is that you have -- so you
22 have completed 92 percent of what was originally
23 anticipated that would happen within this first
24 quarter. Did I understand you to say that correctly?
25 MR. BABIAK: Give me just a moment.