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million, or $1.03 a share in its second — an active homebuilder in Colorado appears cautiously optimistic aboutits future. The builderd said Friday that home-orders nationwide spiked 59 percent compared the firstr quarter of this Quarterly home orders still were down compared to the same quarteerlast year, and analystx predicted a smaller loss of 64 centzs a share. The Los Angeles-baserd company lost $255.9 million, or $3.3o cents per share in the same quarter last Quarterly revenue declined 40 percentto $384.55 million. Six-month revenue declined 52 percentto $691.8 million.
Inserting optimisticf caution, KB's CEO Jeffrey Mezger stated that the companyh is seeing stabilizing trends on both the loca l and national front but that KB is conservativelyh managing the business because of theeconomix climate. KB delivered 1,049 fewer homexs during the quarter than it did inthe year-agoi period. The average selling price was $10,40o0 less that in the year-ago KB Home (NYSE: KBH) is one of America's largesy homebuilders.
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