KB Home(US:KBH)2025-03-24 23:32Q1 2025 Financial Performance - Housing revenues totaled $1.39 billion, a decrease of 5% compared to Q1 2024's $1.46 billion[21] - Deliveries decreased by 9% to 2,770 homes, compared to 3,037 homes in Q1 2024[21] - The average selling price increased by 4% to $500,700, compared to $480,100 in Q1 2024[21] - Net orders decreased by 17% to 2,772, compared to 3,323 in Q1 2024[21] - Net order value decreased by 15% to $1.35 billion, compared to $1.58 billion in Q1 2024[21] - Backlog value decreased by 21% to $2.20 billion, compared to $2.79 billion in Q1 2024[21] - Homebuilding operating income margin was 9.2%, compared to 10.8%[22] - Housing gross profit margin was 20.2%, compared to 21.5%[22] Strategic Positioning - Approximately 60% to 70% of the company's business is Built to Order (BTO)[4] - The company's ENERGY STAR homes are up to 20% more efficient than standard new homes built to code[85]