KB Home’ build-to-order pivot pays off, but buyers remain cautious
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Q3 2026 revenue fell 20% and deliveries dropped 19%, while gross margin spiked to 16.5%, up from 15.2% in Q2
External link. Real Estate Trail does not republish source content.
More from the wire
Geumcheon-gu to Redevelop Jungang Cheoljae Shopping Center Near Seoksu Station into 944-Unit Mixed-Use Complex
Amazon Opens Pamelia, NY Distribution Center After Delay
"I got two Maybachs sitting in the handicap" – Gilbert Arenas recalls living in apartment complex while making $16 million
Townhomes Climb to 16% of D.R. Horton’s Mix as Builder Shrinks Homes to Hit Monthly Payments
Duplexes and townhomes have climbed to about 16 percent of D.R. Horton’s closings from 10 percent a year ago, as the nation’s largest homebuilder shrinks its product to keep monthly payments within reach and its execu…