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- 1KB Home says housing market weakened since June as Texas sellers capitulate●KB Home: The housing market has weakened since June—and Texas resale sellers 'capitulate a little bit more'
Homebuilder KB Home says housing market conditions have deteriorated since June, with Texas resale sellers increasingly willing to cut prices—'capitulating a little bit more'—as inventory builds and buyers gain leverage. The builder's assessment is being closely watched as a signal of broader softening in the US housing market, particularly in previously hot Sun Belt markets like Texas, where new-home competition is pressuring existing owners to concede on price.