|Bid||19.630 x 800|
|Ask||19.640 x 800|
|Day's Range||19.050 - 20.090|
|52 Week Range||16.820 - 38.800|
|Beta (3Y Monthly)||1.80|
|PE Ratio (TTM)||12.36|
|Earnings Date||Jan 8, 2019 - Jan 14, 2019|
|Forward Dividend & Yield||0.10 (0.53%)|
|1y Target Est||23.13|
The latest entry into the market, KB Home, primarily builds houses for first-time and first move-up buyers.
Sentiments of builders continue to dip on affordability concerns owing to rising mortgage rates and continued home price growth.
The operating backdrop remains tough for homebuilders given rising mortgage rates, higher construction costs, shortage of skilled labor and a dearth of buildable lots.
A gauge of home builder sentiment fell off a cliff in November as a litany of industry headwinds - expensive labor, scarce lots, higher mortgage rates - finally caught up.
Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation's homebuilders.
CNBC's Jim Cramer warns that the housing sector is under pressure and says Federal Reserve officials are all but ignoring the damage. The U.S. housing sector is falling apart, and the Federal Reserve is all but ignoring the damage as it prepares for what many expect to be three rate hikes in 2019, CNBC's Jim Cramer warned Friday.
KB Home (NYSE:KBH) says that it is now expecting revenue for the fourth quarter of 2018 to range from $1.31 billion to $1.34 billion. This is a drop from the company’s previous revenue guidance between $1.39 billion to $1.45 billion for the period. It is also bad news for KB Home stock by sitting well below Wall Street’s revenue guidance of $1.44 billion for the quarter.
Another carryover is the semiconductor situation, with that entire volatile sector potentially coming under pressure after disappointing Nvidia Corporation (NASDAQ: NVDA) earnings hit the tape late Thursday (see more below). Meanwhile, Commerce Secretary Wilbur Ross splashed cold water on China trade hopes by saying talks later this month between President Trump and China’s President Xi would be to set up a “framework” for future talks, and that the U.S. still plans to raise tariffs on China in January. As the opening bell drew near, Fed Vice Chair Richard Clarida told CNBC that the Fed is close to the point of being “neutral” on interest rates and should base further increases on economic data, the network reported.
NEW YORK, NY / ACCESSWIRE / November 16, 2018 / Education related stocks including RYB Education were in the red following a concerning announcement regarding Chinese education reform. Shares of KB Home ...
Rising interest rates are reducing the number of homebuyers in an "overbuilt" housing market, billionaire developer Stephen Ross says. The rental market has been "really strong across the marketplace" as young people opt to rent over buy, he says. There's an oversupply of homes in most housing markets across the country and rising interest rates are making it harder for buyers to make deals, billionaire real estate developer Stephen Ross told CNBC Thursday.
U.S. stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would pause further tariffs on Chinese imports. Wall Street's ...
Stocks that moved substantially or traded heavily Thursday: Royal Bank of Scotland Group, down 58 cents to $5.93 Two British Cabinet ministers quit in protest over Prime Minister Theresa May's plan for ...
Investing.com - KB Home plunged Thursday, deepening the rout in homebuilders, after slashing its full-year guidance in the wake of an ongoing slump in the housing market.
Department store operators J.C. Penney Co Inc and Dillard's Inc reported disappointing third-quarter results, casting a gloom on the retail sector, despite strong results from the world's largest retailer Walmart Inc. Walmart was down 2 percent.
KB Home (NYSE: KBH ) stock traded lower by 16 percent Thursday, on track for its worst day of trading since 1992 . The market was spooked by the homebuilder’s weak Q4 guidance that the company said was ...
Dillard's Inc fell 13.7 percent after reporting third-quarter results. Shares in the world's largest retailer Walmart Inc, which was up earlier after beating quarterly comparable sales estimates and raising full-year outlook, gave up gains to trade down 1.5 percent.
KB Home shares fell after the company provided lower than expected guidance for its coming fourth quarter results. The lowered guidance was due to lower than usual deliveries in Texas and delays in California due to the wildfires, the homebuilder's CEO Jeff Mezger said in a conference call. KB Home KBH shares fell 18 percent on Thursday, headed for its worst day of trading since August 1992.
KB Home (KBH) today announced the grand opening of Metro II, its latest collection of new single-family homes in the desirable Communications Hill master plan community. Building upon the success of KB Home’s popular Metro community, Metro II is conveniently located near major highways and the Caltrain Capitol Station for easy commuting to Silicon Valley and throughout the greater Bay Area. Residents of Metro II can enjoy numerous community amenities, including hiking and walking trails, parks and the Grand Staircase in Tuscany Hills, a local recreation hotspot that features incredible views of Silicon Valley.
shares tumbled on Thursday after the Los Angeles-based builder cut its revenue guidance, citing destructive wildfires in California and softer demand for speculative homes. During a conference call late Wednesday, KB Home executives said the company’s net orders declined 14 per cent year-over-year in the first 10 weeks of the quarter, which began September 1. In fiscal 2019, KB Home sees housing revenue coming within a range of $4.7bn to $5.2bn, compared to prior guidance of $5bn to $5.3bn.