Content about Pretax Group

January 31, 2011

Calabasas, Calif.-based Ryland Group has posted a net loss of $19.1 million for its fourth quarter ended Dec. 31, 2010, compared with net earnings of $39.0 million for the same period in 2009.

Home-building revenues were $221.1 million for quarter, down 45.5% from $405.3 million for the same period in 2009. This decrease was primarily due to a 45.4% decline in closings, totaling 909 units for the quarter, compared with 1,666 units for the same period in 2009.

January 7, 2011

Los Angeles-based home builder KB Home achieved a fourth-quarter profit in what the company's CEO described as a "challenging market."

The company reported net income of $17.4 million for the period ended Nov. 30, down 82.7% from $100.7 million reported for the same quarter last year. Total revenues for the quarter were $450.9 million, down 33% from $674.5 million reported for the same period in 2009.