NEW YORK – KB Home says its orders for new homes in the first quarter jumped 25 percent compared with the same period a year ago.
Continue Reading Below
The homebuilder says it received 1,499 orders in the quarter that ended last week, up from 1,201 a year earlier. In all, it says its orders were worth $519.2 million, up 26 percent from $413.7 million a year ago.
KB Home says it is optimistic about the spring home buying season.
Shares of Los Angeles-based KB Home rose 2.9 percent to $14.02 in afternoon trading Wednesday.