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| KB Home reports 2009 4Q and full year financial results KB Home, one of America's premier homebuilders, reported financial results for its fourth quarter and fiscal year ended November 30, 2009. Company-wide revenues of $674.6 million in the fourth quarter of 2009 decreased 27% from $919.0 million in the fourth quarter of 2008, due to lower housing revenues, partly offset by higher land sale revenues. Housing revenues in the 2009 fourth quarter totaled $618.7 million, down 32% from $908.5 million in the year-earlier period, while land sale revenues rose to $52.7 million from $7.1 million in the fourth quarter of 2008. The decline in fourth quarter housing revenues reflected a 22% year-over-year decrease in the number of homes delivered and a 12% year-over-year decrease in the average selling price. The Company delivered 3,042 homes at an average selling price of $203,400 in the 2009 fourth quarter, compared to 3,912 homes delivered at an average selling price of $232,200 in the prior year period. write your comments about the article :: © 2010 Construction News :: home page |