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KB Home loss widens amid housing slump, shares tumble (access required)

Posted: 1:00 am Tue, January 8, 2008
By admin

KB Home, one of the nation's largest homebuilders, said Tuesday its fourth-quarter loss swelled as ongoing housing market woes led to fewer home sales and lower revenue, prompting the company to book charges to write down unsold inventory and for a tax allowance.

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