KB Home sees Q3 housing revenue $1.5B-$1.7B

Sees Q3 average selling price $470,00-$480,000. Sees Q3 housing gross profit margin 18.1%-18.7%. Sees Q3 SG&A ratio 10.3%-10.7%. Sees Q3 homebuilding operating income margin 7.6%-8.25% 24%. Says FY25 updated housing revenue view implies 13,200 deliveries. Says has roughly 7,300 homes left to deliver. Says outlook for housing market remains favorable. Says consumers have lack of confidence in the short term. Says exceeded delivery expectations. Says scaling back land related investment spend to align with current market conditions. Says intends to continue meaningful return of capital to shareholders. Comments and guidance taken from Q2 earnings conference call.