Rather than continue to build in the future in Albuquerque, Chicago or the mid-Atlantic states, builder KBHome has announced it will be leaving those markets once it finishes up current projects:
The Los Angeles-based company said current conditions in the housing market are too difficult and it has decided for now not to build any more homes in Albuquerque, Chicago and the mid-Atlantic.
KB spokeswoman Lindsay Stephenson said the transition would be gradual since the company plans to finish its current projects and honor all warranties on homes already built.
Sunday, March 9, 2008
KBHome pulling out of 3 markets
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