Built-to-Order & Land Buyout Strategies Aid KB Home (KBH)

KB Home (KBH) benefits from its focus on the Build-to-Order approach, a strong pricing strategy and reduced cancellation rates, accompanied by land buyout initiatives.The company recently reported impressive results in second-quarter fiscal 2024 (ended May 31, 2024). Earnings and revenues beat the Zacks Consensus Estimate. The bottom line increased on a year-over-year basis amid a revenue decline. Despite the market experiencing volatility in the quarter due to increased mortgage rates, KBH observed a notab ...