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As of July, KB Home is only about 4% to 5% below its 2022 price peak, Mezger says, and he believes they could reach that peak again in 2024 if the housing market continues on its current trajectory.
Mezger joined KB Home in 1993. [1] [3] From 1999 to 2006, he served as chief operating officer and executive vice president of KB Home.[1] [2] [3] He has served as president and CEO since 2006.
In a normal and balanced housing market, Mezger says there would be 6 months of inventory supply—or 2.6 million listings around the county. However, we're nowhere close to that level.
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