All of the other builders are up, can't figure out why KBH is down. The stock market is coming off its bottom so I don't think it was an over bought thing. I still think the dividend is hurting KBH, but any downturn in housing stocks will be short lived as the housing trend is up.
Then there's HOV. Has to be the exposure they have in Texas. Bout 30% of revenues for the company come from there. In two of the hottest markets going right now. KB though has roughly 45-50% exposure in the hottest markets going right now so go figure.