Homebuilders KB Home, Lennar Cut Prices As Buyer Demand Has 'Slowed Materially' - KB Home (NYSE:KBH)

New “Spec” Houses for Sale Jump 34% YoY, Highest since 2009. In the South, Inventory of New Houses at Record Highs for Months, in the West Jump to Highest since 2007

Bring on the new houses! Prices drop amid homebuilders’ efforts to sell the inventory.

Homebuilders KB Home, Lennar Cut Prices As Buyer Demand Has 'Slowed Materially' - KB Home (NYSE:KBH)

Homebuilders are sounding the alarm on the state of American consumers, as sales depend on increased incentives and lower home prices.  What To Know: Lennar Corp. (NYSE:LEN) and KB Home (NYSE:KBH) each reported disappointing first-quarter financial results in the past week. Both companies pointed to slowing "actionable demand" from homebuyers on earnings calls with analysts.  Lennar Co-CEO Stuart A. Miller listed several factors contributing to …

Housing markets in Florida and Texas are so weak that builder Lennar spent the most on buyer incentives since 2009

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Lennar—the nation’s second-largest homebuilder—told investors on Friday that their spring selling season is off to a soft start. “We do not see the seasonal pickup typically associated with the beginning of the spring selling season. So we continue to lean into our machine focusing on converting leads and appointments and adjusting…

Lennar Q1 2025 wrap-up - Rose Law Group Reporter

Lennar Model Homes, Corporate Photography by Mark Skalny (Disclosure: Rose Law Group represents Lennar.) By Steve Ladurantaye Lennar delivered more homes than expected in the first quarter, but incentives drove down its average sales price, which was 1% lower than the same quarter last year at $408,000. Why it matters: As America’s second-largest builder, the company’s results are seen as a bellwether for the industry. Its use of incentives sugg…