Thursday, September 27, 2007

KB Homes: The Future Looks Bleak

KB Homes reported third quarter numbers today, clocking in with a net loss of $35.6 million dollars. And then there was this from KB's CEO:

"We expect housing industry conditions to continue to worsen through the end of the year and into 2008"


In gloomier news, Seeking Alpha has a report based on the S&P/Case-Shiller indices indicating that
homes prices should continue falling until at least 2011.

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