Within a few weeks of offering the homes in Cary we sold all the lots we could sell in the grand opening phase. This initial response from consumers shows that KB Home builds what people want to buy. We are changing the way homes are bought and sold in America and we firmly believe this momentum will continue into South Fulton County.
More Quotes from Bruce Karatz:
I don't believe there is a housing bubble bursting. I think there will be an evening off of demand and an evening off of price escalation. We won't see the big rises we've enjoyed in recent years. But that doesn't mean there will be a downturn.Bruce Karatz
This distinction is a reflection of our continued achievements, which, this year, include 9.44 billion in revenue, 842.4 million in income, the delivery of 37,140 homes and a 6.77 billion in backlog.
Bruce Karatz
There are signs of cooling in the hottest markets on both coasts and a shift in investor activity from buying to selling, resulting in less demand and increased supply in certain markets. Once these factors work their way through current housing supplies, however, we expect the market to move to a new equilibrium which will provide a platform for continuing and sustainable growth by KB Home.
Bruce Karatz
It is not Martha Stewart's home, ... It is a home inspired by one of Martha's homes. At the same time, we didn't just grab her and throw her name on some houses that we built.
Bruce Karatz
Nationally, it is clear that some housing markets have moderated from the over-heated and, in some cases, speculative pace of growth of the past few years. In our view, this tempering of demand to more sustainable long-term levels is a healthy trend for our company and the industry. There are signs of cooling in the hottest markets on both coasts and a shift in investor activity from buying to selling, resulting in less demand and increased supply in certain markets. Once these factors work their way through current housing supplies, however, we expect the market to move to a new equilibrium which will provide a platform for continuing and sustainable growth by KB Home. With this outlook and our healthy first-quarter performance, we feel confident in maintaining our earnings estimate of 11.25 per diluted share for 2006.
Bruce Karatz
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A tramp, a gentleman, a poet, a dreamer, a lonely fellow, always hopeful of romance and adventure.
Charlie Chaplin
What is it they want from the man that they didn't get from the work? What do they expect? What is there left when he's done with his work, what's any artist but the dregs of his work, the human shambles that follows it around?
William Gaddis
Pure innovation is more gross than error.
George Chapman