KB Home sees Q4 housing revenue $1.6B-$1.7B

Sees Q4 average selling price $465,000-$475,000. Sees Q4 housing gross profit margin 18%-18.4%. Sees Q4 SG&A ratio 9.4%-9.7%. Sees Q4 homebuilding operating income margin 8.5%-8.8%. Sees Q4 effective tax rate slightly above 23%. Says longer-term outlook for the housing market remains favorable. Says traffic in communities was steady and cancellation rate stable at 17%. Comments and guidance taken from Q3 earnings conference call.