mlkrborn Tuesday, 04/05/11 10:09:47 AM Re: None Post # of 473 UPDATE: KB Home 1Q Loss Widens As Revenue, Orders Plunge Date : 04/05/2011 @ 10:03AM Source : Dow Jones News Stock : KB Home (KBH) Quote : 11.24 -0.96 (-7.87%) @ 7:52AM UPDATE: KB Home 1Q Loss Widens As Revenue, Orders Plunge KB Home (NYSE:KBH) Intraday Stock Chart Today : Tuesday 5 April 2011 Click Here for more KB Home Charts. Builder KB Home's (KBH) fiscal first-quarter loss widened sharply as plunging orders fueled a steep revenue drop and charges weighed on the bottom line. Shares plunged 7.7% to $11.26 in premarket trading. Like most builders, Los Angeles-based KB Home faced a tough year-over-year comparison because the federal tax credit that expired in early 2010 pulled demand forward. Since then, the industry has seen sales fall off dramatically.In the latest period, KB Home's deliveries tumbled 28%, while net orders dropped 32%. Still, builders say they're optimistic because consumer visits to model homes and sales centers have picked up recently.