U.S. new-homes sales were unchanged in August, clocking in at a 288,000-unit annual rate — the second lowest level since 1963. Overall, new home sales flat-lined this summer after the home buyer tax credit ended, but there was…
KB Home (KBH) reported a quarterly loss of 2 cents per share, compared with 87 cents per share a year earlier.
Revenue was $501 million in the quarter ended Aug. 31, the company said in a statement. That’s a 9% increase from a year earlier.
The company incurred $3.3 million of inventory impairment of land option contract abandonment charges in the quarter, compared with $47.7…
Continue reading KB Home Posts Narrower Earnings Loss
KB Home Posts Narrower Earnings Loss originally appeared on DailyFinance on Fri, 24 Sep 2010 08:45:00.
Filed Under: Company News, Earnings, Real Estate, Credit
Philadelphia surpassed Detroit as the largest U.S. city with a casino when SugarHouse Casino opened for business on the Delaware River today, the Associated Press reported.
Continue reading Move Over Detroit: L…
In 2007, a man was convicted of murder despite strong evidence that he wasn’t the killer after three apparently very compelling witnesses matched him to the scent of the victim’s clothes. Those witnesses? A trio of bloodhounds …
What should investors make of August’s better-than-expected 7.6% rise? Not too much. Even though it’s a big improvement over July’s ugly 27.2% plunge, it’s still the second-lowest month for existing-home sales in the past 15 ye…