The financial crisis has led the Securities and Exchange Commission to keep an even closer eye on businesses to make sure that the nation’s economy does not suffer because of immoral practices on the part of a small group of people. Homebuilder KB Home has become the latest company to come under the SEC’s magnifying glass due to “possible accounting and disclosure issues,” a potentially serious situation for KB Home.
KB Home is no stranger to such proceedings, as the company’s former CEO, Bruce Karatz, is currently awaiting trial concerning federal charges that the executive fraudulently manipulated stock options. Karatz resigned …read more

The housing market has certainly experienced dire straits as a result of the global economic recession with staggering foreclosure numbers and banks unwilling to give out home loans. However, the National Association of Home Builders/Wells Fargo Housing Market Index shows that builder confidence for newly built single-family homes has risen three points in July.
According to the index, which rates builder confidence as 17, it is the highest level since September 2008. A different index that gauges how many prospective buyers there are has risen one point, while the index that determines sales expectations over the next six months has not …read more