The pretax income was $11 million, up 11% from a year ago, mainly due to increased equity in income of KBH’s mortgage banking joint venture. KB Home had cash and cash equivalents of $374.9 ...

Existing single-family home sales for June, released Tuesday, were nothing short of a disaster. Sales fell 5.4% MoM and 4.3% YoY to a 3.5mm SAAR (seasonally adjusted annualized rate). This is the ...