KBH Earnings September-23-2011 Narrower Loss

KB Home (KBH) posted a smaller-than-expected third-quarter loss and said orders and backlog jumped, possibly signalling a turnaround for the battered home builder.

KB's loss widened to 13 cents a share from 2 cents, but that was still better than Wall Street predictions of 19 cents. Net orders leapt 40% to 1,838 homes, and backlog rose 22.5% to 2,657 homes.

Shares rose nearly 3% as of 12:43 p.m. ET, though they are still off about 60% since mid-January. Toll Brothers (TOL), Lennar (LEN) and DR Horton (DHI) were also rallying.

KB Home's third-quarter revenue dropped 27% to $367.3 million, missing views of $380.3 million. But the backlog of 2,657 homes represents future revenue of $559.3 million.

Orders rose in all its geographic regions, led by a 73% surge on the West Coast. The average selling price rose 6% to $227,400. The cancellation rate eased to 29% from 33%.

Falling mortgage rates could help home builders. The average 30-year fixed mortgage rate remained at a 60-year low this week at 4.09%, Freddie Mac said, helped by declining Treasury yields and the Federal Reserve's shift of its bond holdings to push down long-term borrowing costs.
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=585802&ven=yahoo

Mortgage Rates Across the USA August-30-2011

Current Home Mortgage Loan Rates

•30 Year Fixed Rate: 4.85% APR: 4.99%
•20 Year Fixed Rate: 4.85% APR: 4.99%
•15 Year Fixed Rate: 4.25% APR: 4.40%
•5/1 ARM Rate: 3.95% APR: 3.45%
•3/1 ARM Rate: 3.75% APR: 3.24%

Rates on fixed mortgages continue to show signs of increasing from day to day, with very little opportunity for average rates to level off between now and the end of the year. The steady climb of rates has been occurring for several weeks now, moving average rates on fifteen and thirty-year mortgages back into ranges that have not been seen since the summer. At present, the upward swing in rates has not motivated consumers to seek financing in greater numbers. Instead, the number of mortgage applications overall is decreasing at a growing rate.

Home Mortgage Calculator California

http://www.mortgagecalculator.org/
http://www.californiarealestatecenter.com/mortgage-calculator/index.htm#Mortgage Calculator

National Mortgage Rates USA August 2011

Loan Type Today Last Week
15 yr fixed 3.66 3.62
30 yr fixed 4.33 4.3
5/1 ARM 3.19 3.09

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NBC Co-Anchor Hoda Kotb Video Clips

Kathie Lee, Hoda talk 'sober coach'
Kathie Lee and Hoda's grape fight
Kathie Lee and Hoda talk city living
Kathie Lee, Hoda talk Sheen rampage
Kathie Lee, Hoda talk mothers-in-law
Kathie Lee, Hoda talk 'too much information'
Hoda: Don't call me Helen
How Hoda survives Kathie Lee, 'explosive' hair
Kathie Lee, Hoda talk etiquette
Kathie Lee, Hoda talk plaza's education transformation

http://www.nbc.com/news-sports/search/?tag=hoda

Nazi Bill O'Reilly On "The View": "Muslims Killed Us ..." Bill the Killer of Dr. George Tiller of Kansas

The O'Reilly Factor
See also: Bill O'Reilly (political commentator)#The O'Reilly Factor
Tiller was first discussed on The O'Reilly Factor on February 25, 2005. Subsequently Tiller was discussed in at least 28 episodes before his death. On the show he was sometimes described as "Tiller the Baby Killer". O'Reilly did not invent the nickname; previously, Congressman Robert K. Dornan had used it on the floor of Congress. Host Bill O'Reilly said he wouldn't want to be Tiller, Kathleen Sebelius, and other pro-choice Kansas politicians "if there is a judgment day."[24]

On November 3, 2006, O'Reilly featured an exclusive segment on his The O'Reilly Factor, saying that he had an "inside source" with official clinic documentation indicating that Tiller performed late-term abortions to alleviate "temporary depression" in the pregnant woman. Tiller responded to O'Reilly's statements by demanding an investigation into the "inside source" through which the information was leaked, suggesting that Phill Kline, then the Kansas Attorney General, was responsible. Kline denied the charge. O'Reilly also interviewed a woman who allegedly got pregnant when she was 13 and went to Tiller for her abortion.
http://www.cbsnews.com/8301-31749_162-20019660-10391698.html
http://en.wikipedia.org/wiki/George_Tiller