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| KB Home reports 2Q results KB Home, one of America's largest homebuilders, reported financial results for its second quarter ended May 31, 2008. Revenues totaled $639.1 million in the second quarter of 2008, down from $1.41 billion in the second quarter of 2007, largely due to lower housing revenues. Second-quarter housing revenues of $636.7 million declined from $1.30 billion in the year-earlier quarter, reflecting a 41% decrease in homes delivered and a 17% decline in the average selling price. The company delivered 2,810 homes at an average selling price of $226,600 in the second quarter of 2008 compared to 4,776 homes delivered in the year-earlier quarter at an average selling price of $271,600. Company-wide revenues for the six months ended May 31, 2008 totaled $1.43 billion, down 49% from $2.80 billion for the six months ended May 31, 2007. Homes delivered in the first six months of fiscal 2008 declined 42% year-over-year to 5,738, and the average selling price decreased 12% year-over-year to $237,600. write your comments about the article :: © 2008 Construction News :: home page |