From Jacksonville Business Journal

Nationwide homebuilder KB Home, the largest homebuilder in Jacksonville, appears cautiously optimistic about its future despite heavy losses in the second quarter.

KB Home lost $78.4 million, or $1.03 a share in its second quarter, but the builder said Friday that home-orders spiked 59 percent compared the first quarter of this year. The company built more than 1,000 homes in the Jacksonville market in 2007.

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