Industry News

Several builders report tough times, net losses

Industry reports some falling prices in the rush to sell
Published on Jul 2, 2007

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by CareyBot

Home builder KB Home on Thursday reported a $148.7 million loss in the second quarter ended May 31, which company officials blamed on a housing oversupply, affordability problems, and tightening credit in the subprime and near-prime mortgage markets. Other large, ...