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Despite challenges related to high interest rates, elevated mortgage rates and affordability issues faced by the Zacks Building Products - Home Builders industry, major industry players surged recently. Homebuilding companies have consistently revealed impressive quarterly results, expressing optimism about the growth of new orders and deliveries in the upcoming quarters.The Federal Reserve's decision to maintain interest rates at a 22-year high of 5.25-5.5% brings optimism to the housing market. This stabi ...

KB Home (KBH) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this homebuilder have returned 0%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Building Products - Home Builders industry, which KB Home falls in, has gained 9%. The key question now is: What could be the stock's future direction?While media releases or ...

LANCASTER, Calif.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of Sonora, its latest new-home community in Lancaster, California. The desirable one-story homes at Sonora are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community’s floor plans feature up to five bedrooms and two baths. What sets KB Home apart is the company’s f ...

Key TakeawaysProfit and sales declined at KB Home as high borrowing costs cut into demand, forcing the company to reduce selling prices and offer concessions to buyers that cut into margins.CEO Jeffrey Mezger said a recent decline in mortgage rates has boosted orders in the beginning of the company's fiscal 2024 first quarter, which began Dec. 1.Despite falling today, shares of KB Home have jumped the past year by more than 70%.KB Home (KB) on Thursday reported a decline in sales and profits in its fiscal f ...

KB Home (NYSE:KBH) stock is slipping today, despite better-than-expected fourth-quarter results, after the homebuilding name announced a decrease in home selling prices and the number of homes delivered. Plus, Seaport Research downgraded KBH  to "neutral" from "buy." No fewer than seven other analysts lifted their price targets, however, with the highest from UBS to $82. At last glance, KBH was down 3.6% at $60.91. Shares are falling from yesterday's roughly 18-year high of $64, but have added 70.6% in the ...

KB Home (KBH) reported better-than-expected results in fourth-quarter fiscal 2023 (ended Nov 30, 2023). Both the earnings and revenues beat the Zacks Consensus Estimate. With this, the company’s earnings and revenues surpassed the consensus mark in four consecutive quarters.Shares of this leading homebuilder lost 1.1% in the after-market trading session on Jan 10.Looking forward to the first quarter and the entirety of 2024, KBH foresees enhanced conditions in the housing market and ongoing positive trends ...

Key PointsKB Home had a better-than-expected quarter and gave favorable guidance. Shares are down on the news due to valuation, but a buy-the-dip opportunity is forming. Capital returns include an 11% YTD reduction in share count, with dividends and repurchases expected to remain strong in 2024. 5 stocks we like better than KB HomeKB Home NYSE: KBH is no high-yielding or hyper-growth stock, but there is more to capital returns and shareholder value than that. Despite numerous economic headwinds and widespre ...

KB Home (NYSE:KBH) Q4 2023 Earnings Conference Call January 10, 2024 5:00 PM ET Company Participants Jill Peters - SVP, IR Jeffrey Mezger - Chairman, President & CEO Robert McGibney - EVP & COO Jeff Kaminski - EVP & CFO Conference Call Participants John Lovallo - UBS Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Matthew Bouley - Barclays Bank PLC Michael Rehaut - JPMorgan Jay McCanless - Wedbush Securities Susan McCleary - Goldman Sachs Alex Barron - Housing Research Center Joe Ahlersmeyer - ...

Forward-Looking Statements Items in this presentation, and statements by KB Home management in relation to this presentation or otherwise, may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are based on current (at the time made) expectations and projections about future events and are subject to risks, uncertainties, and assumptions about our operations, economic and market factors, and the homebuilding industry, among ...