KB Home (NYSE: KBH) reported its third-quarter 2024 earnings, revealing a 10% increase in revenue to $1.75 billion, surpassing the estimated $1.73 billion. The company's earnings per share (EPS) grew 13% to $2.04, slightly below the estimated $2.06. KB Home delivered 3,631 homes, an 8% year-over-year increase, with an average selling price of $480,900, up 3% year-over-year. Net orders remained flat at 3,085, with variability in demand noted across the quarter. The company repurchased $150 million in stock, and net income rose 5% to $157.3 million. CEO noted, "Net orders were flat with the year-ago quarter. We experienced variability in demand across the quarter, with softening in late June through July." Despite the revenue and EPS growth, the stock fell 6% in after-hours trading due to the earnings miss and concerns over demand fluctuations.