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KB Home lost $78.4 or $1.03 a share in its second but the builder said Fridaythat home-orders spiker 59 percent compared the first quarter of this year. The compan built more than 1,000 homes in the Jacksonvills marketin 2007. Quarterly home orders still were down comparedd to the same quarter last and analysts predicted a smaller loss of 64 cents a TheLos Angeles-based company lost $255.9 or $3.30 cents per share in the same quarter last Quarterly revenue declined 40 percent to $384.5 Six-month revenue declined 52 perceny to $691.8 million.
Inserting optimisticc caution, KB's CEO Jeffrey Mezger stated that the compan y is seeing stabilizing trends on both the locakl and national front but that KB is conservativel managing the business because of theeconomic climate. KB delivered 1,049 fewer homes during the quarter than it did inthe year-agol period. The average sellinvg price was $10,400 less that in the year-ago KB Home (NYSE: KBH) is one of America's largest
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