Cancellations May Affect KB Home Outlook

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KB Home said the number of canceled home orders rose in the first two months of the year while net orders for new homes fell, which could force the company to adjust revenue projections if it continues.


KB’s warning was made in a filing with the Securities and Exchange Commission on Friday. The L.A.-based homebuilder started fiscal year 2006 with a seven-month backlog of new home orders with a projected revenue value of $6.76 billion, the company said in the filing.


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