Homebuilder KB Home says buyers are ‘responding favorably' to falling mortgage rates
KBHKB Home(KBH) Market Watch·2024-01-11 06:16

Homebuilder KB Home on Wednesday said it had seen a “meaningful” increase in orders over the first several weeks of its first quarter, after a dip in mortgage rates last month made buying a home more attractive. “We have experienced a meaningful sequential increase in our net orders for the first five weeks of our 2024 first quarter, as consumers are responding favorably to the recent decline in mortgage rates,” Chief Executive Jeffrey Mezger said in the company’s fourth-quarter earnings release. “With impr ...