Industry News

KB Home loses nearly $1 billion in ’07

Company's net worth becomes an issue for creditors
Published on Jan 8, 2008

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by CareyBot

KB Home saw fourth-quarter losses hit $772.7 million as the company cut prices but sold fewer homes, and recognized $403.4 million in losses on its remaining inventory, joint ventures and abandoned land option contracts. The Los Angeles-based home builder said ...

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