Dive Summary:

• Income at KB Home, the nation's sixth-largest home builder, bumped up 16% during the company's third quarter, which closed Aug. 31. KB logged $424.5 million compared with $367.3 million in the year-ago quarter.
• The company also got more profit from its business in the quarter, raising its gross profit margin from 16.9% a year ago to 17.5% for the 2012 quarter.
• Net orders during the three months also rose from the year before, 1,900 compared with 1,838.

From the report:

KB Home reported a 16 percent revenue increase to $424.5 million in the third quarter of 2012, which ended Aug. 31, 2012. ...