KB Home Lowers Outlook As Slow Housing Market Continues to Bite

Dow Jones
2025/09/25

By Nicholas G. Miller

 

KB Home recorded lower fiscal third-quarter profit and lowered its full-year outlook as a dormant housing market forces homebuilders to make price concessions.

The homebuilder reported net income of $109.8 million, or $1.61 a share, down from $157.3 million, or $2.04 a share the year prior. Analysts were expecting $1.50 a share, according to FactSet.

Sales were $1.62 billion, down from $1.75 billion the year prior. Analysts were expecting $1.59 billion.

Average sales price fell to $475,700, from $480,900 the year prior and homes delivered decreased 7% to 3,393.

The company lowered its full-year sales guidance to $6.1 billion to $6.2 billion, down from its previous forecast of $6.3 billion to $6.5 billion.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

September 24, 2025 16:23 ET (20:23 GMT)

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