KB Home 3Q Loss Narrows; Shares Tumble

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09 | 25 | 2009
KB Home 3Q Loss Narrows; Shares Tumble
The Wall Street Journal

Housing gross margin improved to 11.1% in the third quarter, from 3.9% a year earlier, a sign of increased efficiency. “That’s key,” said Steve Hagenbuckle, managing principal of TerraCap Partners, a real-estate private-equity fund. “They’re sticking to just a few basic floor plans that make sense and they’re limiting features and finishes, which are both high-cost areas.”

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