Market for newly built homes slows as elevated mortgage rates put off many home shoppers [Yahoo! Finance]
KB Home (KBH)
Last kb home earnings: 3/26 04:10 pm
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Source: Yahoo! Finance
After showing signs of strengthening early this year, sales of new U.S. homes fell in April and May from a year earlier by 7.7% and 16.5%, respectively. Last month's sales skidded to a seasonally adjusted annual rate of 619,000 units, the slowest pace since November, the U.S. Census Bureau reported Wednesday. The average rate on a 30-year mortgage has mostly hovered around 7% this year, according to mortgage buyer Freddie Mac. The elevated rates have discouraged many home shoppers. Sales of previously occupied U.S. homes, which make up by far the largest swath of the housing market, fell in May for the third month in a row. The recent slowdown in new home sales marks a shift from last year, when sales rose nationally for the first time in two years, climbing 4.2% from a year earlier. By comparison, sales of previously occupied U.S. homes sank roughly 19% to a nearly 30-year low. As last year, homebuilders have lowered prices and offered incentives like paying to lower the rat
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KBH
News
- Why KB Home (KBH) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Cramer's optimistic about the homebuilding sector [CNBC]CNBC
- Harvest Wins Prestigious Home Design Prize from Home Builders at 61st Gold Nugget Award [Yahoo! Finance]Yahoo! Finance
- Built-to-Order & Land Buyout Strategies Aid KB Home (KBH) [Yahoo! Finance]Yahoo! Finance
- KB Home stock rises after beating Q2 earnings estimates [Yahoo! Finance]Yahoo! Finance
KBH
Earnings
- 6/18/24 - Beat
KBH
Sec Filings
- 6/20/24 - Form 11-K
- 6/18/24 - Form 8-K
- 5/13/24 - Form 4
- KBH's page on the SEC website