Eli Broad: ‘Nowhere Near Bottom in Housing’

Wednesday, April 30, 2008 2:48 p.m. EDT

Billionaire home developer Eli Broad could be forgiven for seeking a positive spin on the disaster that is the current real estate market.
After all, he founded KB Home, the fifth-largest builder in the country.

No such luck. "I don’t think we’re anywhere near the bottom in housing,â€