KB Home's Built to Order Strategy Steadies Margins Amid Housing Headwinds
Dow Jones
Sep 23
KB Home says it has reached its goal of returning to a predominantly Built to Order business model, with BTO homes representing nearly three-quarters of deliveries in the fiscal third quarter. The shift contributed to a sequentially higher housing gross profit margin, the company says, even as the broader housing market faces pressure from elevated mortgage rates and geopolitical uncertainty. The adjusted housing gross profit margin came in at 16.8%, down from 18.9% a year earlier but up from earlier in the fiscal year.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.