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KB Home lost $78.4 or $1.03 a share in its secone quarter, but the builder said Friday that home-orderzs spiked 59 percent compared the first quarter of this The company built morethan 1,000 homeds in the Jacksonville market in 2007. Quarterlty home orders still were down compared to the same quartefrlast year, and analystxs predicted a smaller loss of 64 cents a The Los Angeles-based company lost $255.9 or $3.30 cents per sharwe in the same quarter last year. Quarterl y revenue declined 40 percentto $384.5 Six-month revenue declined 52 percent to $691. million.
Inserting optimistic caution, KB's CEO Jeffre y Mezger stated that the company is seeing stabilizing trendsa on both the local and national fron t but that KB is conservativel managing the business because of the economic KBdelivered 1,049 fewer homes during the quarter than it did in the year-agoi period. The average selling price was $10,400 less that in the year-ago period. KB Home KBH) is one of America's largest homebuilders.
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