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| KB Home reports net order up 62% in 3Q 2009 KB Home, one of America's premier homebuilders, reported financial results for its third quarter ended August 31, 2009. Revenues totaled $458.5 million, down 33% from $681.6 million in the third quarter of 2008, due to lower housing revenues. Third quarter housing revenues were $454.2 million, down 32% from $668.3 million in the year-earlier quarter, the result of a 20% year-over-year decrease in homes delivered to 2,240 and a 15% decline in the average selling price over the same period to $202,800. KB Home generated a net loss of $66.0 million, or $.87 per diluted share, in the third quarter of 2009. Company-wide net orders increased 62% in the third quarter to 2,158, up from 1,329 in the third quarter of 2008. KB Home's backlog at August 31, 2009 totaled 3,722 homes, representing potential future housing revenues of approximately $734.1 million. A year earlier, the Company's backlog totaled 4,774 homes, representing potential future housing revenues of approximately $1.13 billion. write your comments about the article :: © 2009 Construction News :: home page |