KB Home Delivers Fewer Homes, Narrows Profit Amid Housing Market Stagnation

KB Home KBH -8.54%decrease; red down pointing triangle delivered fewer homes and narrowed its profit in the fourth quarter as the stagnant housing market continued to eat into the home builder’s finances.

The company posted a profit of $101.5 million, or $1.55 a share, compared with $190.6 million, or $2.52 a share, a year earlier.