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8.48032564450909E-05 0.000678426051560365 0.00127204884667576 -0.00144165535956582 -0.000508819538670304 0.00373134328358207 -0.000848032564450427 -0.00152645861601079
Stock impact report

New Home Sales Post-Storm Rebound Disappoints In February, Supply Soars To 18 Year High [zero hedge]

KB Home (KBH) 
Last kb home earnings: 3/26 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.kbhome.com
Company Research Source: zero hedge
New Home Sales Post-Storm Rebound Disappoints In February, Supply Soars To 18 Year High After plunging 6.9% MoM in January (revised up from the initial 10.5% plunge reported amid weather related chaos), new home sales rose 1.8% MoM in February (less than expected). Source: Bloomberg As noisy as the series is, that lifted YoY sales up 5.1%, with new home sales flat for the last two years while pending and existing home sales continue to trend lower... Source: Bloomberg Sales in the South, the US’s biggest homebuilding region, rose 6.6% last month after heavy snowfall kept buyers on the sidelines a month earlier. Purchases also rose in the Midwest, according to Commerce Department data released Tuesday. However, with mortgage rates having declined recently, there is some silver lining for homebuilders in the short-term... Last month, the supply of new homes for sale increased 0.8% to 500,000 — the highest level since 2007 . Meantime, the median sale price of a new home decreased 1.5% fr Show less Read more
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