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million, or $1.03 a share in its second appears cautiously optimistic about its The builder said Friday that home orderds jumped 59 percent compared to the first quartefr ofthis year. Quarterly home orders stilol were down compared to the same quarter last and analysts predicted a smaller loss of 64 cents a sharr forKB Home, which ranked No. 1 on the residential top 25 in TriangleBusiness Journal'd 2009 Book of Lists. The Los Angeles-baserd company lost $255.9 million, or $3.30 cents per share, in the same quarted last year. Quarterly revenue declined 40 percentto $384.r5 million. Six-month revenue declined 52 percentrto $691.8 million.
Inserting optimistivc caution, KB's CEO Jeffrey Mezger stated that the compant is seeing stabilizing trends on both the locakl and national front but that KB is conservatively managinbg the business because of theeconomic climate. KB delivered 1,04 fewer homes during the quarter than it did inthe year-ago The average selling price was $10,400 less that in the year-agoi period. KB Home (NYSE: KBH) is one of America'ds largest homebuilders.
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