The Belief That Permeated Even The Fed

Some housing bubble news from Wall Street and Washington. Bloomberg, “KB Home, the fifth-largest U.S. homebuilder, reported a fiscal first-quarter net loss was $268.2 million. Revenue fell 43 percent and net orders plunged 75 percent to 1,449 homes, the company said in a statement. Los Angeles-based KB Home recorded $223.9 million in pretax expenses to write down the value of land, joint ventures and options on property.”
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Original Source: thehousingbubbleblog.com

  28 March, 2008| housingblogs | @ 20:50

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