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| KB Home reports 1Q 2008 results KB Home, one of America's largest homebuilders, reported financial results for its first quarter ended February 29, 2008. Revenues totaled $794.2 million in the first quarter of 2008, down 43% from $1.39 billion in the year-earlier quarter. Housing revenues of $726.7 million for the quarter ended February 29, 2008 declined 47% from the corresponding period of 2007, reflecting a 43% decrease in homes delivered and a 7% decline in the average selling price. KB Home delivered 2,928 homes at an average selling price of $248, 200 in the first quarter of 2008 compared to 5,136 homes at an average selling price of $267,400 in the first quarter of 2007. write your comments about the article :: © 2008 Construction News :: home page |