KB Homes Tax Savings Help Cushion Homebuilding Revenue Decline

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #20285
    ThePitBoss
    Participant

    KB Homes reported better than expected Q1 earnings…

    [article]1436[/article]

    #20289
    ThePitBoss
    Participant

    KB Homes CEO Jeff Mezger told investors on a conference call late Tuesday.

    “Last week’s announcement from the Federal Reserve signaling the likelihood of no further rate increases this year, should also help to sustain the favorable macro environment,”

    “Overall, the back drop for the home building industry is positive and we are optimistic about our ability to capture the demand for home ownership.”

    “We have a large number of openings planned for the remainder of the year, particularly in the second quarter, which position us well to capture demand during the spring selling season,” he added. “We continue to expect between 10% and 15% growth in our average community count for the full-year.”

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.