KB Home pulling plug on Louisiana operations
New Orleans CityBusiness, Nov 9, 2007
KB Home, which once announced a 3,000-home subdivision project in the New Orleans area and later abandoned it, is leaving Louisiana altogether. Clint Szubinski, president of the company's Gulf Coast division, said residents are rebuilding instead of buying new homes.
KB has built homes in metro Baton Rouge, Madisonville and New Orleans. The subprime debacle has affected homebuying, too, Szubinski said.
KB wil close it office in Jefferson Parish when it finishes its last 200 houses.
Copyright 2007 Dolan Media Newswires
Provided by ProQuest Information and Learning Company. All rights Reserved.
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