KB Home stock rises

kb home

KB HomeShareholders traded up KB Home stock early Friday, after the company reported sales and profit that beat Wall Street’s expectations, and said orders raced higher.

The Los Angeles-based builder KBH, +9.43% was able to raise sales prices in three of its four markets for the quarter that ended May 31, compared with a year earlier.

Shares of KB Home, the 12th largest U.S. hom builder by market capitalization, rose as much as 9%.

The broader SPDR S&P Homebuilders ETF XHB, +0.55% rose 1% on Friday.

Information from Market Watch

Related: Ryland shares tumble after earnings report

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