KB Home revenue up 22% in second quarter 

Home builder KB Home has reported $2.59 billion total revenues in the second quarter, up 22 percent from second-quarter 2005. The company also lowered its full-year earnings forecast to $10 per diluted share, which would be a 5 percent increase over 2005 earnings.

The company reported a 6 percent growth in unit delivery volume and a 15 percent increase in the average selling price. Second-quarter net income grew 14 percent from the second-quarter of 2005 to $206.6 million.

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