Homebuilders
KB Home Tops Profit Estimates as Revenue Falls 20% and Executives Describe a 'Weakening' Housing Market
Third-quarter deliveries fell 19% and net orders 12% at the Los Angeles builder, which reported after Tuesday's close — a week after the Federal Reserve raised interest rates and a day after Berkshire Hathaway disclosed further buying in rival Lennar.
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By Marcus Elrod
Sep 22, 2026 · 7 min read
KB Home reported sharply lower fiscal third-quarter revenue and profit on Tuesday while topping Wall Street's per-share earnings estimate, in a release its executive chairman paired with a warning that housing conditions have deteriorated since the early summer.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.