Two big homebuilders missed Wall Street estimates on a key metric — here's why [Yahoo! Finance]
KB Home (KBH)
Last kb home earnings: 3/26 04:10 pm
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Source: Yahoo! Finance
Lennar, the nation's second-largest homebuilder, said last month that its net new orders for the quarterly period ending Aug. 31 rose 4.7% from the prior year to 20,587. That fell short of analysts' forecasts of 20,827 orders, per Bloomberg data. Homebuilder KB Home also reported in September that net orders for the period ending Aug. 31 were a disappointment. The builder said orders fell 0.4% from the prior year to 3,085, lower than analysts' estimates of 3,345 orders. Part of the reason for the misses is that it's been hard to determine how much recent mortgage rate movements would affect buyer demand. Mortgage rates have stayed stuck between 6% and 7% this year. And in June, rates were toggling just above or below 7% “Maybe shame on us for not modeling it more clearly, but June and July were clearly challenging months,” John Lovallo, senior equity research analyst at UBS, told Yahoo Finance in an interview. From a buyer's perspective, "there was uncertainty about where rat
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News
- KB Home Announces the Grand Opening of Its Newest Community in Popular Lake Stevens, Washington [Yahoo! Finance]Yahoo! Finance
- KB Home Announces the Grand Opening of Its Newest Community in Popular Lake Stevens, WashingtonBusiness Wire
- KB Home (KBH) Stock Moves 0.19%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- KB Home Announces the Grand Opening of Its Newest Community in Desirable Durham, North CarolinaBusiness Wire
- Is Trending Stock KB Home (KBH) a Buy Now? [Yahoo! Finance]Yahoo! Finance
KBH
Earnings
- 9/24/24 - In-Line
KBH
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- KBH's page on the SEC website