KB Home Cuts Full-Year Outlook Amid Consumer Uncertainty

By Yahoo! Finance   |   2 weeks ago
KB Home Cuts Full-Year Outlook Amid Consumer Uncertainty

KB Home exceeded Q2 revenue and profit estimates but lowered its full-year sales forecast due to sluggish housing market conditions. CEO Mezger cited consumer lack of short-term confidence impacting home purchase decisions. Despite challenges, analysts maintain a positive outlook on homebuilder stocks.

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