According to the Indianapolis Star, Wed, July 11, 2007:  Los-Angeles-based builder said Tuesday that it will shut down local operations in Indianapolis by the end of the year.  "Due to the changing conditions and not seeing any improvements, it doesn't make sense for us to continue operations in Indiana,"  said Mark Rodocker, president of KB's Illinois division. 

In Central Indiana, single-family building permits had dropped to 7,500 by June, the fewest since 1991.  Main reasons include drying up of cheap credit and lagging demand from buyers.