KB Home reported fourth-quarter revenue of $1.69 billion, surpassing analyst estimates of $1.66 billion. The company also reported adjusted earnings of $1.92 per share, beating analyst estimates of $1.80 per share. However, KB Home delivered 3,619 homes in the quarter, a 9% decrease from the previous year, with net orders falling 10% year-over-year to 2,414. The average selling price also declined by 7% to $465,600. The company repurchased around $100 million of its common stock during the quarter and ended the period with $228.6 million of total cash and cash equivalents. KB Home expects housing revenue of $1.05 billion to $1.15 billion in the first quarter and $5.1 billion to $6.1 billion for the full year 2026. CEO Jeffrey Mezger acknowledged challenging market conditions but highlighted the company’s commitment to helping individuals and families achieve homeownership.

Read more at Yahoo Finance: ‘Housing Market Conditions Remained Challenging’