just when the MSM is touting the "turn around" of the new home construction market we get this,

NEW YORK (CNNMoney) -- Shares of residential construction companies were under pressure Friday after KB Home reported a sharp drop in new orders, raising worries about the all-important spring selling season.


KB Home said new orders fell 8% in the first quarter, driven by sharp declines in the Southwest and West. It also reported an increase in the cancellation rate of new orders, which rose to 36% in the quarter.


full article,
http://money.cnn.com/2012/03/23/mark...ders/index.htm