Home Featured KB Home’s Texas Slowdown Drags on Deliveries as Resale Sellers Start to Cut Prices
FeaturedIndustry NewsResidential

KB Home’s Texas Slowdown Drags on Deliveries as Resale Sellers Start to Cut Prices

Share
single-family homes
Photo by Blake Wheeler on Unsplash
Share

KB Home said a big portion of its third-quarter revenue decline came from lower-cost markets such as its Texas divisions, and executives told analysts that Texas resale sellers who had held out on price are now starting to cut prices or offer concessions.

Thank you for your interest in The Registry. If you'd like to read further, you must Subscribe or Log In below to read the rest of this content.

Share

Featured Content


Recent Posts

Related Articles

Nan & Company Properties Opens 3,000 SQFT Woodlands Office After $100MM Sales Year

Nan & Company Properties, the Houston affiliate of Forbes Global Properties, has...

D.R. Horton Takes $91.4MM Multifamily Writedown as Rate Spike Hits Apartment Exit Values

Arlington-based D.R. Horton swung its rental segment to a fiscal fourth-quarter loss...

Alexandria Writes Down 344,000 SQFT Austin Land Parcel as $638MM in Impairments Drive 3Q Loss

Alexandria Real Estate Equities swung to a $638.5 million third-quarter loss as...