AgentMarkets & Economy

KB Home counting on millennial home demand to boost sales

Publicly-traded housing companies to invest more in entry-level and for-sale infill product
Published on Jan 13, 2016
  • Millennial demand is expected to boost sales specifically in Sunbelt states.
  • Homebuilders are focusing more on for-sale product that is more urban in nature.
  • KB Home has a significant backlog of home sales orders.

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by CareyBot

Homebuilders throughout the nation are banking on millennial home demand to sell homes built specifically with these buyers in mind. KB Home currently has a backlog of 4,000 sales orders and is likely to surpass its 2015 home delivery total of 8,196 residences this year ...