KB Home expects Q2 net orders to fall amid tough year-ago comparisons By Reuters

(Reuters) – U.S. homebuilder KB Home (NYSE:KBH) said on Wednesday net orders in the first two-and-a-half weeks of the ongoing second quarter fell 24% from last year, issuing a rare mid-quarter update due to the ongoing market volatility fueled by a banking crisis. The California-based company expects net orders for the second quarter, which began…