KB Home Stock Sinks as Firm Warns Consumer Concerns Are Reducing Demand

By Yahoo! Finance   |   3 weeks ago
KB Home Stock Sinks as Firm Warns Consumer Concerns Are Reducing Demand

KB Home CEO Jeffrey Mezger reported a slow start to the spring selling season due to buyer hesitancy and affordability concerns. The company's Q1 earnings missed expectations, leading to a lowered full-year outlook and a 6% drop in stock value.

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