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Home buyers tax credit posts

KB Home's First-Quarter Loss Shrinks

Posted Mar 23rd 2010 10:30AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, KB HOME (KBH)

KB Home (KBH) reported first-quarter earnings Tuesday morning. The homebuilder said its loss came in at 71 cents per share. A year ago, KBH lost 75 cents per share. While the quarterly loss was less than last year's, it was larger than the Street's expected loss of 42 cents per share.

Quarterly revenue fell to $264 million from $307.4 million a year ago. Not only was revenue worse than a year ago, but it also missed expectations for revenue of $277 million.

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A new and improved home buyers tax credit?

Posted Nov 6th 2009 2:30PM by Tom Taulli (RSS feed)
Filed under: Personal Finance, Housing

As expected, the popular home buyers tax credit has been extended. In fact, it is even more attractive.

OK, let's first look at the extension of the current program, which includes a maximum $8,000 credit for first-time home buyers (which is someone who hasn't owned a home in the past three years). The home must be a principal residence and the value may not exceed $800,000 (the credit is either 10% of the value of a home or $8,000, whichever is less). The credit is also refundable, which means that you can still get money even if you do not owe taxes.

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