RANCHO CUCAMONGA, Calif., - With 1,610 home closings and revenues of $320 million for the year in California alone, Forecast realized a 17 percent increase in business, as compared with 1,531 home closings including Arizona sales in 1999. The number does not reflect the sale of 832 lots and 159 homes under construction to another builder in Phoenix.

"In today's competitive marketplace, these strong results confirm the success of our entry-level home product. Prospective home buyers looking to purchase their first home look to us," said James Previti, CEO and president of The Forecast Group.

The company is more recently known for its prestigious Eagle Glen neighborhood, a 980-acre golf-course community that ultimately will have 1,200 homes in five neighborhoods.

Next year, the company expects to deliver more than 2,000 homes. Forecast currently is building in more than 25 communities in California and Arizona and has plans to open at least 18 new neighborhoods in 2001.