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KB Home lost $78.4 or $1.03 a share in its second but the builder said Fridaythat home-orderse spiked 59 percent compared the first quarted of this year. The which in December said it would exit the metro Atlanta market, was once the region's seventh largest home builder. Quarterlyu home orders still were down compared to the same quartetlast year, and analysts predicted a smalle loss of 64 cents a share. The Los Angeles-basede company lost $255.9 million, or $3.3p cents per share in the same quarterdlast year. Quarterly revenue declined 40 percentto $384.t million. Six-month revenue declined 52 percentto $691.8 million.
Inserting optimisti caution, KB's CEO Jeffre Mezger stated that the company is seeingf stabilizing trends on both the locakl and national front but that KB is conservatively managin g the business because of theeconomic climate. KB deliveresd 1,049 fewer homes during the quarter than it did inthe year-agok period. The average selling prics was $10,400 less that in the year-ago period. KB Home KBH) is one of America's largest homebuilders.
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