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Friday
Sep232011

KB Orders Jump 40% in Third Quarter

DateFriday, September 23, 2011 at 10:20AM

Some good news to report this morning. KB Home announced its third quarter results and said orders jumped a whopping 40 percent in the third quarter. The news comes on the heels of Lennar's quarterly report earlier in the week which reported an 11 percent increase in orders.

CRT Capital Group analyst Michael Kim told Reuters it was the biggest jump in two years:

This is the first double-digit year-over-year growth in orders since the fourth quarter of 2009 and seems to be the bright spot in the earnings release.

Reuters said the sharp increase in orders may signal that the homebuilding sector may be recovering at long last.

You can read the Reuters article here.

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    Response: vision eye care
    at vision eye care on November 10, 2014
    BIASC/LA Ventura - BIA Blog - KB Orders Jump 40% in Third Quarter

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