1334 ET - More than 60% of KB Home's deliveries in 4Q came from sales of its build to order model, says CEO Jeffrey Mezger on an earnings call. The homebuilder's model allows potential buyers to customize a home to their needs in areas including the floor plan, lot, square footage and elevation. Additionally, a one-time rate float-down option offered by KBHS Home Loans is a valuable tool for our built to order buyers, adds COO Robert McGibney. This feature allows buyers to reset their mortgage rates lower if they decline while their home is under construction, he says. The model helps KB differ from other builders who focus primarily on speculative builds. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
January 14, 2025 13:34 ET (18:34 GMT)
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