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million, or $1.03 a shard in its second quarter, — an active homebuilder in Colorado appears cautiously optimistic aboutits future. The builderd said Friday that home-orders nationwide spiked 59 percenyt compared the first quarter ofthis year. Quarterlyg home orders still were down compared to the same quarter last and analysts predicted a smaller loss of 64 cents a TheLos Angeles-based company lost $255.9 or $3.30 cents per share in the same quarter last Quarterly revenue declined 40 percent to $384.5r million. Six-month revenue declined 52 percentto $691.8i million.
Inserting optimistic caution, KB'sd CEO Jeffrey Mezger stated that the company is seeing stabilizing trends on both the local and national front but that KB is conservativelgy managing the business because of theeconomifc climate. KB delivered 1,049 fewer homees during the quarter than it did inthe year-ag period. The average sellin g price was $10,400 less that in the year-ago KB Home (NYSE: KBH) is one of America's largesgt homebuilders.
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