Jeffrey Mezger

Homebuilders are sounding the alarm on the state of American consumers, as sales depend on increased incentives and lower home prices.  What To Know: Lennar Corp. (NYSE:LEN) and KB Home (NYSE:KBH) each reported disappointing first-quarter financial results in the past week. Both companies pointed...

In response to changing market conditions in Florida and Texas, leading homebuilder KB Home (NYSE:KBH) has decided to slash home prices in Austin, San Antonio, Orlando, and Jacksonville. What Happened: According to KB Home’s Chief Operating Officer, Robert McGibney, the company has reduced...

KB Home (NYSE: KBH) shares are trading higher in extended trading Wednesday after the homebuilder reported financial results that topped analyst expectations and provided an upbeat outlook.  What Happened: KB Home reported fiscal first-quarter revenue of $1.38 billion, which beat...

KB Home (NYSE: KBH) shares fell in Wednesday's after-hours session after the homebuilder reported a third-quarter sales miss.  Earnings came in at 73 cents per share, beating Street estimates by 7 cents. Sales came in at $1.161 billion, missing estimates by $9 million. "We are...

KB Home (NYSE: KBH) shares traded higher Tuesday afternoon following its first-quarter earnings release. The homebuilder reported earnings of 31 cents per share, beating estimates by 5 cents. Sales came in at $811.483 million, missing estimates by $19.757 million. "We made continued progress...

February saw frigid temperatures in most states, but the housing market was hot. Commerce Department data revealed Tuesday that sales of new homes in the U.S. hit an unexpected seven-year high in February, reports the Associated Press. Despite severe weather across the country, which...