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Backlog by Geography
Indicates the value of pending orders in each region, offering a glimpse into future revenue streams and demand strength.KBH’s backlog swung from a multi‑region trough in 2022–2025 to a sharp H1‑2026 rebound concentrated in the Central and West markets, with Southwest lagging, restoring total backlog to ~4.53k homes and giving meaningful near‑term volume visibility (management says >80% of Q3 homes are already in backlog). That regional recovery plus growing sold‑not‑started inventory strengthens supplier leverage and supports the company’s sequential margin guidance, but a lower backlog conversion rate versus last year means this build doesn’t guarantee immediate revenue or profit recovery if demand softens.
Date | West Coast | Southwest | Central | Southeast |
|---|---|---|---|---|
Aug 31, 2026 | $1.59K | $696.00 | $1.04K | $1.07K |
May 31, 2026 | $1.62K | $751.00 | $1.06K | $1.09K |
Feb 28, 2026 | $1.23K | $603.00 | $857.00 | $911.00 |
Nov 30, 2025 | $941.00 | $467.00 | $872.00 | $848.00 |
Aug 31, 2025 | $1.29K | $675.00 | $1.17K | $1.19K |
May 31, 2025 | $1.40K | $897.00 | $1.32K | $1.16K |
Feb 28, 2025 | $1.26K | $1.00K | $1.10K | $1.07K |
Nov 30, 2024 | $1.21K | $1.13K | $1.13K | $956.00 |
Aug 31, 2024 | $1.66K | $1.37K | $1.48K | $1.21K |
May 31, 2024 | $1.85K | $1.43K | $1.69K | $1.30K |