(Boursier.com) — KB Home, the American real estate developer, announced for its first fiscal quarter 2024 revenues up 6% to $1.47 billion, net profit up 10% to $139 million and diluted earnings per share up. by 21% to $1.76. Net orders increased significantly by 55%. Their value rose 58% to $1.58 billion. The group expects real estate revenues ranging from $6.50 to $6.90 billion for the 2024 financial year. Management cites a solid start to the year and an improvement in market conditions since the end of the 2023 financial year. The positive trend would also be confirmed at the start of the second fiscal quarter and the group says it is well placed to benefit from this environment. Over the quarter ended, unit deliveries increased by 9% to 3,037, while the average selling price fell to $480,100.
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