Arizona Real Estate Notebook

“Wake Up and Call John!” Assoc. Broker John Wake, HomeSmart

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KB Home loses $478.6 million in 3rd quarter

September 28th, 2007 · Comments Welcome

Unit deliveries declined 28% to 5,699 and KB’s average selling price was off 7% to $267,700… “At this time, we see no signs that the housing market is stabilizing and believe it will be some time before a recovery begins”

Also remember that many sub-markets in Phoenix my recover a long time before KB Homes.

Tags: U.S. Real Estate

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