search
KB Home
Trends
- 1KB Home says housing market has weakened since June▼KB Home: The housing market has weakened since June—and Texas resale sellers 'capitulate a little bit more'
Homebuilder KB Home reports that housing market conditions have deteriorated since June, with sellers in Texas increasingly willing to cut prices. The company says resale sellers in Texas are 'capitulating a little bit more,' suggesting growing price concessions in one of the country's key housing markets. The comments add to evidence of cooling demand and softening prices across the US housing sector.