KB Home's ending backlog increased for the first time in four years, the company says, with homes in backlog up 2% to 4,398 and backlog value up 3% to $2.05 billion at the end of the fiscal third quarter. The backlog expansion came even as quarterly net orders fell 12% year over year to 2,604 homes.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.