KB Home Stock Rises as Company Shifts to Built-to-Order Model
Shares of KB Home (NYSE: KBH) rose on Wednesday following the company's announcement and explanation of its new built-to-order operating model. Despite a challenging housing market with declining sales, deliveries, and revenue in Q2, CEO Rob McGibney emphasized how this shift could improve profitability by reducing exposure to cost fluctuations and increasing margin predictability.
Tickers: $KBH