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
  • 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.

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.