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KB Narrows Loss on Home Price Gains

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KB Narrows Loss on Home Price Gains
AIRED:
KB Home is selling more homes at higher prices, and that helped pump revenue 73 percent in the second quarter, crushing Wall Street's estimates. And the homebuilder narrowed its loss by 88 percent to 3 million dollars. KB was able to boost its average selling price 25 percent to more than 290-thousand dollars. That's the highest level for the quarter since 2006. The company capitalized on demand for larger homes.moreless
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