Word: karatz
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Dates: during 2000-2009
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...home inventories, especially with mortgage rates higher than last year's levels. KB Home, a national builder, says its cancellation rate shot up to 37% in the second quarter, from 25% a year earlier. "People are making arguably the most significant economic decision in their life," says CEO Bruce Karatz. "They want to feel like they're being smart, and in some markets it's unclear whether it's smart to buy a home...
...boom may be happening. Deals are popping up around downtown and along the Mississippi riverfront. KB Home, one of the nation's largest home builders, is racing to start up to 10,000 Orleans-style houses just across the parish line, as well as 58 lots downtown. Bruce Karatz, CEO of California-based KB Home, promises that the houses "will have the New Orleans feel. New Orleans has a certain charm, a unique style and colors...