KB Home reported $1.297 billion in quarterly sales and $1.05 in profit per share, but no earlier figures are given for comparison. Its 99-day build time and 74% built-to-order deliveries help control inventory, but rising delivery costs and local price cuts still point to pressure.
Higher borrowing costs can make homes harder to afford and slow sales. For KB Home, rising delivery costs and community-level price changes add pressure. Its faster building and build-to-order model help control inventory, but do not erase the weaker conditions.
Lennar reported $8.05 billion in quarterly sales and $1.19 per share, but the story gives no earlier figures for comparison. Management said conditions had deteriorated; lower building costs and faster construction help, but price cuts and incentives averaging about 12% show pressure on sales.
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