LOS ANGELES (AP) — LOS ANGELES (AP) — KB Home (KBH) on Wednesday reported fiscal first-quarter profit of $138.7 million. The Los Angeles-based company said it had profit of $1.76 per share. The results topped Wall Street expectations. The average estimate of seven...
LOS ANGELES (AP) — Rising mortgage rates through much of 2023 kept many prospective homebuyers and sellers on the sidelines and the housing market in a deep slump. Homebuilders responded by lowering prices and offering incentives like mortgage rate buydowns to help buyers get over...