Kaufman and Broad Home Corp. reported a 66% increase in second-quarter net income over the same period the previous year, attributing the increase to higher construction and mortgage volume.

The home builder said it made $28.6 million during the quarter and posted earnings of 58 cents a share, 3 cents above First Call estimates.

"Net orders are strong across the board, and we see no evidence of adverse effects from the recent increase in interest rates," chairman Bruck Karatz said in a written statement.

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