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by CareyBot

Homebuilder KB Home this week announced record financial results for the third quarter, with total revenues reaching $1.75 billion, up 21 percent from third-quarter 2003 results. Housing revenues increased 24 percent from third quarter 2003 to third quarter 2004, to $1.72 billion, the company also announced. The average selling price rose 5 percent in that time, to $214,400, and housing unit deliveries were up 17 percent to 8,041 units. Some other KB Home third-quarter statistics: Net income for the third quarter of 2004 totaled $117.9 million, a 20 percent increase from $97.8 million in third quarter 2003. The company's diluted earnings per share increased to $2.84 for the three months ended Aug. 31, 2004, up 22 percent from $2.33 for the three months ended Aug. 31, 2003. Companywid...