KB Home Shoppers Opting For Bigger, Pricier Houses
Low interest rates and buyers' shift toward larger houses drove sales sharply higher for homebuilder KB Home (KBH), helping it narrow its quarterly loss. The company said it expects to return to profitability this year as the momentum in the nation's housing recovery appeared unabated. The builder posted adjusted net loss of 16 cents per share, a sharp improvement from the 57-cent-per-share loss in the year-ago quarter. Analysts surveyed by
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