KB Home (NYSE:KBH) Q1 2024 Earnings Call Transcript

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Jeff Mezger: The blend is in our margin.

Jeff Kaminski: Okay. Yeah. Oh, sorry. Yeah. Jeff just pointed out that the blend is in our margin guide. We always blend it. So as we look out at delivery the next quarter, we always have to make some estimate of what we’ll sell and close in the quarter that’s not coming out of backlog and we’ll put estimates on. We know what the build costs are. We’ll estimate the price and then move forward. But it’s all embedded in the margin guide that we put out there.

Operator: And, ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may now disconnect your lines.

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