Robert McGibney

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...