KB Home reports first quarter 2026 results
KB Home operates in 49 markets, in the first quarter 2026 results reported net orders of 2,846 increased by 3%. KB Home President and CEO, Robert McGibney stated that his team expects to hit peak community count during the spring selling season. He also looks to continue reducing building times to enable more efficient home delivery.
However compared to year over year data, revenues were down 23% to $1.08 billion and homes delivered decreased 14% to 2,370. Additionally, the average selling price was down to $452,100, compared to $500,700 the year before.
“Concerns surrounding the conflict in the Middle East have introduced an additional layer of uncertainty for consumers who were already working through numerous challenges,” said Jeffrey Mezger, Executive Chairman. ” Still, we believe we are well positioned to navigate the current environment, with the distinct personalized homebuilding experience we offer, strong financial flexibility, and a disciplined, balanced approach to capital allocation.”
