Home-orders spiked 59 percent in Quarter for Big Builder

From Jacksonville Business Journal

Nationwide homebuilder KB Home, the largest homebuilder in Jacksonville, appears cautiously optimistic about its future despite heavy losses in the second quarter.

KB Home lost $78.4 million, or $1.03 a share in its second quarter, but the builder said Friday that home-orders spiked 59 percent compared the first quarter of this year. The company built more than 1,000 homes in the Jacksonville market in 2007.

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