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KB Home (KBH) Stock Gains Amid Indications of Housing Growth

NEW YORK (TheStreet) -- Shares of KB Home (KBH) were climbing in mid-afternoon trading on Thursday after rival home-builder Toll Brothers's (TOL) 2016 third-quarter results indicated steady growth within the housing market.

Toll Brothers said that net contracts climbed 18% to 1,748 in the most recent period compared to a year ago. The metric indicates future revenue for homebuilders, and marked the highest growth in two years, Reuters reports.

Revenue rose 23.5% year-over-year to $1.27 billion.

"Demand within...