1857 ET - KB Home is seeing mixed housing demand depending on the geography, executives say. Las Vegas, Houston and Charlotte, N.C., all had strong demand during the fiscal third quarter, as did some parts of inland California. Higher priced coastal California communities had weaker demand, as did Denver and Seattle. In those markets, house prices surged after Covid-19 and incomes didn't keep up, so supply is now outpacing demand, executives say. Housing starts have started to decline, which executives say could help balance out inventory with demand over time. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
September 24, 2025 18:57 ET (22:57 GMT)
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