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million in its second appears cautiously optimistic aboutits future. The builder said Friday home orders spiked 59 percent compared the firsf quarter ofthis year. Quarterly home orders still were down comparec to the same quarteflast year, and analysts predicted a smallere loss of 64 cents a share. The Los Angeles-based compan y lost $1.03 a share in its second quarter. It lost $255.99 million, or $3.30 cent per share ,in the same quarterr last year. Quarterly revenue declined 40 percentfto $384.5 million. Six-montn revenue declined 52 percentto $691.8 million.
Inserting optimistic caution, KB's CEO Jeffrey Mezger stated that the company is seeing stabilizing trends on both the locapl and national front but that KB is conservatively managintg the business because of the economic KBdelivered 1,049 fewer homez during the quarter than it did in the year-ago The average selling price was $10,400 less that in the year-ago period. KB Home (NYSE: KBH) is one of America's largest homebuilders.
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