Home Builder reports on third quarter sales

KB Homes, one of America's largest homebuilders, reported a loss for the third quarter ending August 31. Lower third quarter housing revenues and a lower average selling price were also reported. The online press release reflects what Jeffrey Mezger, KB Homes' President and Chief Executive Officer calls "...seriously challenging market conditions that prevail for homebuilders across most of the nation."

To read more: KB Homes third quarter 2007