Supreme Uncertainty Hits REITs
U.S. equity markets finished broadly lower on another volatile week, pressured by "supreme uncertainty" amid a contentious U.S. election season and lingering coronavirus concerns as we enter the colder months.Declining for the fourth-straight week following a six-week winning streak, the S&P 500 dipped another 0.6% this week and is now roughly 8% below its all-time highs set last month.This "supreme uncertainty" weighed on real estate equities and other economically-sensitive sectors this week. Equity REITs finished lower by 3.1% this week with 17 of 18 property sectors in negative territory.New Home Sales topped estimates, surging 43% in August from last year to the highest annual rate since 2006, another sign that the housing industry continues to lead the economic recovery.While the housing industry rebound has shown continued resilience, there are signs that the rebound in labor markets may be losing some steam ahead of a critical week of employment data - the final jobs report before Election Day.
Seekingalpha · 1d ago
We only want to start a home that we know will get paid for when its completed. KB Home CEO Jeffrey Mezger on his approach to the home-building boom
The pandemic has made home buyers more interested in kitchen storage and adding bathrooms for family members living with them.
MarketWatch · 2d ago
KB Home Announces the Grand Opening of Little Soos Creek, Its Latest New-Home Community in Covington, Washington, Priced From The $490,000s
KB Home announces the grand opening of Little Soos Creek, its latest new-home community in Covington, Washington, priced from the $490,000s.
Business Wire · 2d ago
Homebuilders: A V-Shaped Vendetta
An antihero of the prior financial crisis, Homebuilders have seemingly been on a vendetta over the last six months, asserting themselves as the unexpected leader of the early post-pandemic recovery.Homebuilders were slammed at the outset of the pandemic on fears that a coronavirus-induced recession could inflame a repeat of the Great Financial Crisis for the critical U.S. housing.Instead, the U.S. housing industry has roared back to life in recent months. New Home Sales, Existing Home Sales, and Home Prices have all seen a substantial reacceleration this year.The sharp rebound in housing market activity has been aided by longer-term macroeconomic trends of favorable millennial-led demographics, historically low housing supply, and near-record low mortgage rates.Housing remains an “unloved” sector despite the compelling long-term tailwinds at its back. Homebuilders trade at deeply discounted valuations to the S&P 500 despite their stellar growth rates.
Seekingalpha · 2d ago
Homebuilders are holding back sales amid historic demand
Homebuilders across the country sold homes at a record pace this summer, burning through their supply. To slow down the sales activity, homebuilders have started to restrain sales.
Yahoo Finance · 3d ago
The Zacks Analyst Blog Highlights: TSLA, NKE, SFIX and KBH
The Zacks Analyst Blog Highlights: TSLA, NKE, SFIX and KBH
Zacks · 4d ago
What Investors Should Know About KB Home's 3rd-Quarter Results
The company delivered 2,545 homes during the quarter · 4d ago
Dow Jones Climbs 150 Points, As Nike Surges On Earnings; Apple Downgraded, While Tesla Dives On Battery Day
Investor's Business Daily · 4d ago
KB Home (KBH) Q3 Earnings Beat, Margins Rise, Stock Slides
Solid housing gross margin aids KB Home's (KBH) fiscal Q3 results.
Zacks · 4d ago
Dow rises but S&P 500 and Nasdaq under pressure as Wall Street tries to clamber higher
The Dow rise firmly early Wednesday, but the broader market lags, as investors fight to build on a bounce a day after the S&P 500 and Nasdaq snapped a... · 4d ago
Dow Jones Today Jumps, Nasdaq Dips As Nike Rallies; J&J Vaccine Enters Phase 3
Investor's Business Daily · 4d ago
Credit Suisse Maintains Outperform on KB Home, Raises Price Target to $48
Credit Suisse maintains KB Home (NYSE:KBH) with a Outperform and raises the price target from $44 to $48.
Benzinga · 4d ago
What to watch today: Dow set to pop after breaking multiday losing streaks
Dow futures pointed to a gain at Wednesday's open, one day after the 30-stock benchmark broke a three-session losing streak. · 4d ago
Raymond James Maintains Strong Buy on KB Home, Raises Price Target to $48
Raymond James maintains KB Home (NYSE:KBH) with a Strong Buy and raises the price target from $42 to $48.
Benzinga · 4d ago
Stocks making the biggest moves in the premarket: Nike, General Mills, J&J, KKR, KB Home & more
The stocks making the biggest moves in premarket trading include Nike, General Mills, J&J, KKR, KB Home, and more. · 4d ago
Wells Fargo Maintains Overweight on KB Home, Raises Price Target to $49
Wells Fargo maintains KB Home (NYSE:KBH) with a Overweight and raises the price target from $43 to $49.
Benzinga · 4d ago
KB Home stock price target raised to $44 from $38 at Wedbush
KBH | Complete KB Home stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview. · 4d ago
Wall Street Breakfast: What's Next For Stocks?
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Markets snap losing streakU.S. stocks look set to climb again, with Dow futures up 0.7% and S&P 500/Nasdaq futures ahead by 0.5%, after a bout of volatility that had tested the market's monthslong rebound. Better-than-expected earnings from Nike (NKE) lifted sentiment after the bell on Tuesday, with the sneaker giant seeing digital sales grow 82%, driving shares up 13% AH. In Washington, Jerome Powell and Steven Mnuchin urged more spending to help the economy recover from
Seekingalpha · 4d ago
Encouraged By Robust Recovery, Housing Market Demand: KB Home CEO
KB Home (NYSE: KBH) beat the street estimates on Q3 earnings and revenue, but COVID-19 hampered the business, as seen from 14% year-over-year revenue decline.Earnings Analysis: Q3 homebuilding revenue declined 13.98% year-over-year to $995.15 million, but the homebuilding operating margin improved significantly
Benzinga · 4d ago
KB Home Tops 3Q Results On Robust Housing Demand
Homebuilder KB Home reported 3Q earnings of $0.83 per share, crushing Street estimates of $0.54 per share. Its revenues of about $1 billion topped analysts’ estimates of $893.2 million on robust housing demand, driven by historically low mortgage interest rates and a limited supply of resale inventory.Despite
SmarterAnalyst · 4d ago
Webull provides a variety of real-time KBH stock news. You can receive the latest news about KB Home through multiple platforms. This information may help you make smarter investment decisions.
About KBH
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment. Its homebuilding segments include West Coast, Southwest, Central and Southeast. The homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding segments, and provides title services in the majority of markets located within its Central and Southeast homebuilding segments. It offers homes in development communities, at urban in-fill locations and as part of mixed-use projects.