>> THIS IS BLOOMBERG BUSINESSWEEK DAILY, REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS THEY HAD WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY, PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. BLOOMBERG BUSINESSWEEK DAILY WITH CAROL MASSAR AND TIM STENOVEC LIVE ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. >> CAROL MASSAR, TIM STENOVEC HAVE THE DAY OFF ON THE EVE OF CHRISTMAS EVE.I'M ROMAINE BOSTICK. >> I'M CAROLINE HYDE. ROMAINE: LOV ...

"If we build more housing, the price of homes will go down, and homeowners will lose their wealth."This is why 50-year mortgages are being floated.Getting exit liquidity from young people without sacrificing home values for the people selling them. https://t.co/H7LFXdxFnK ...

Core Insights - KB Home reported fourth-quarter revenue of $1.69 billion, exceeding analyst estimates of $1.66 billion, with adjusted earnings of $1.92 per share, surpassing expectations of $1.80 per share [2] Financial Performance - The company delivered 3,619 homes in the quarter, representing a 9% decrease year-over-year - The average selling price of homes declined by 7% year-over-year to $465,600 - Net orders fell by 10% year-over-year to 2,414 - Ending backlog value was $1.40 billion, while inventories increased by 3% to $5.67 billion [3] Shareholder Actions - KB Home repurchased approximately $100 million of its common stock during the quarter - The company ended the period with total cash and cash equivalents of $228.6 million [3] Market Conditions - The housing market remains challenging due to lower consumer confidence, affordability concerns, and elevated mortgage interest rates [4] Future Outlook - KB Home expects housing revenue in the first quarter to be between $1.05 billion and $1.15 billion - The company guided for full-year 2026 housing revenue of $5.1 billion to $6.1 billion [5]

The US housing market might get more affordable next year https://t.co/NTZAG5A7Xg ...

Core Insights - Lennar Corporation's shares fell over 4% intra-day after reporting fourth-quarter earnings that did not meet analyst expectations despite revenue exceeding forecasts [1] Financial Performance - Adjusted earnings per share for the quarter were $2.03, missing the consensus estimate of $2.21 [2] - Revenue reached $9.4 billion, surpassing analyst expectations of $9.01 billion [2] - The company delivered 23,034 homes during the quarter, a 4% year-over-year increase, while new orders rose 18% to 20,018 homes [2] - The average sales price decreased by 10% year-over-year to $386,000, indicating increased use of incentives to boost demand in a constrained market [2] Margins and Costs - Gross margin on home sales decreased significantly to 17.0% from 22.1% in the prior-year quarter, influenced by lower revenue per square foot, higher land costs, and continued use of incentives averaging about 14% [3] Future Outlook - For the first quarter of fiscal 2026, the company expects to deliver between 17,000 and 18,000 homes, with an average sales price projected between $365,000 and $375,000 [4] - Gross margins are anticipated to be between 15% and 16%, lower than fourth-quarter levels due to seasonal factors and current market conditions [4] - For the full fiscal year 2025, Lennar delivered 82,583 homes, a 3% increase from the previous year, generating total revenue of $34.2 billion [4]

Copenhagen’s red-hot housing market has prompted the local financial watchdog to call on lenders to tighten credit standards, echoing recent concerns by the Danish central bank https://t.co/WV4Mlhev6U ...

Joining us this morning with a reaction is Zelman, executive vice president Ivy Zelman. Talk about some housing for 26. Ivy, it's good to see you again.Thanks for being with us. >> Thank you. >> Thanks for having me.>> How would you characterize the backdrop right now. >> Very challenging. I think that the first-time buyer is really struggling and builders while rates have come down some, that might be giving them some optimism for the spring selling season.I'd say it's really tough out there. Um, we've bee ...

China’s home-price slump dragged on in November, the latest chapter in a yearslong downturn that policymakers have promised intensifying efforts to address https://t.co/EDasvoszGm ...

Last night, we got this confusing set of numbers from RH, the high-end homegoods retailer that used to be known as Restoration Hardware. This story's been a bit of a roller coaster for years. Four or five years ago, CEO Gary Freeman laid out some grandio sooie generous expansion plans.He wanted to turn RH into a fun, full lifestyle brand with restaurants, hotels, yachts, and even a utopian real estate development. In Aspen, the stock soared to the mid700s at its peak in August of 2021 as its feet became fas ...

Monetary Policy & Market Impact - The Federal Reserve announced a 25 basis point rate cut, bringing the Federal Funds rate down to 350-375% [2] - The Federal Reserve will restart balance sheet expansion with $40 billion in monthly Treasury bill buys, signaling a return to quantitative easing (QE) [3] - QE is expected to push bond yields down, encouraging investors to move into riskier assets, making borrowing cheaper and boosting confidence across financial markets [7] - Historically, QE has inflated financial assets, potentially benefiting stocks, Bitcoin, digital assets, and real estate [8][12] - The US dollar is expected to weaken with QE, while short-term cash-like investments may become less attractive [10] Economic Outlook & Risks - Multiple deflationary forces, including AI, robotics, tariffs, and increased deportations, could challenge the Fed's monetary policy [6] - Despite rate cuts and QE, the housing market remains constrained by low supply and existing low-rate mortgages [23] - Treasury Secretary confirmed approximately $100-150 billion in tax refunds are expected in 2026, potentially boosting GDP growth [16][20] Housing Market Analysis - The housing market is described as "broken" due to high prices and affordability issues [21] - Deregulation at the local level to allow more housing construction is suggested as a solution to the housing shortage [27]