KB Home Reports Fourth-Quarter Loss on Property Writedowns

Story date: 2008-01-08 05:18:00
Added on: 2008-01-08 10:00:22

Bloomberg - Home Sales Low interest rates, a variety of new mortgage products and investor interest in real estate fed a U.S. property boom in the U.S. that peaked in 2005. Now, an oversupply of houses and rise in foreclosures among consumer with ...


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