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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.
KB Home closed 3,400 homes in the fourth quarter driven by better cycle times, or how long it takes to build a house, and a strong backlog of buyers committed to closing on their home when completed.
In a recent interview with Fortune, KB Home CEO Jeffrey Mezger expressed his optimism about the homebuilding industry's prospects, attributing it to the chronic shortage of existing and resale ...
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.
KB Home is catering to buyers through customization and a rate lock. KB Home skips mortgage rate buydowns that other builders are promoting [Video] Skip to main content
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Jeffrey Mezger, CEO, chairman, and president of KB Home, joins Yahoo Finance to discuss the homebuilding company’s growth and outlook for the year ahead.
One preliminary government report shows that prices for new homes popped 6.1% higher last month, and the National Association of Realtors claims that a 0.3% gain in existing-home prices is the ...