From Inman News:
KB Home: Orders up, cancellations down
In a regulatory filing, KB Homes reported that new-home orders nearly tripled from the first quarter to the second, to 4,200, while the cancellation rate fell to 27 percent, down from 53 percent in the first quarter.
Schwarzenegger sees California recovery in 2009
California Gov. Arnold Schwarzenegger said Sunday that … he expects the state to “grow out of” the housing crisis, next year.