Homebuilder KB Dwelling (NYSE: KBH) on Tuesday introduced monetary outcomes for the second quarter of 2024, reporting a rise in web earnings. Revenues had been down 3%.
The corporate’s web earnings elevated to $168.4 million or $2.15 per share within the second quarter from $164.4 million or $1.94 per share within the comparable interval of 2023.
At $1.71 billion, Q2 revenues had been down 3% year-over-year. The highest line was negatively impacted by weak efficiency by the core Homebuilding section.
“Buyers remained resilient in their desire for homeownership despite the volatility in mortgage interest rates. Our pace of monthly net orders per community was one of our highest second quarter levels in many years, which we believe reflected the compelling personalized choice that our Built to Order model offers to meet each buyer’s lifestyle and budget,” mentioned Jeffrey Mezger, chief government officer of KB Dwelling.
