Potential home buyers are more cautious than they were in the middle of last year thanks to higher mortgage rates, "persistent" inflation and an...
Potential home buyers are more cautious than they were in the middle of last year thanks to higher mortgage rates, “persistent” inflation and an “uncertain economy,” KB Home said Tuesday as it reported a quarterly miss.
Market conditions “remain challenging,” KB Home KBH Chief Executive Jeffrey Mezger said. That led the home builder to focus on its backlog of unsold homes and on protecting margins, he said. “Depending on market dynamics and backlog levels in each community, we are getting more aggressive with our pricing ahead of the spring selling season, in order to generate new orders,” Mezger said.
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