Reports Q1: Average selling price was $480,100, compared to $494,500 y/y, net orders up 55% y/y to 3,323, Net Order Value up 58% y/y to $1.58B. The number of homes in the company’s ending backlog totaled 5,796, compared to 7,016. Ending backlog value was $2.79B, compared to $3.31B. Ending backlog homes and value each increased 5% from the previous quarter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on KBH:
- Options Volatility and Implied Earnings Moves Today, March 20, 2024
- Options Volatility and Implied Earnings Moves This Week, March 18 – March 21, 2024
- KB Home (KBH) Q1 Earnings Cheat Sheet
- NAR settlement a ‘major boost’ for homebuilders, says Evercore ISI
- KB Home Director Brian Niccol to Exit Board in 2024