KB Home, the fourth-largest U.S. home builder, reported a narrower fiscal fourth-quarter loss Friday but predicted more pain for the housing market this year.

Its net loss for the three months ended Nov. 30 shrank to $307.3 million, or $3.96 a share, from $772.7 million, or $9.99 a share, a year earlier, the Los Angeles builder said. Revenue fell 56%, to $919 million.

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