KB Homes reported better than expected Q1 earnings after the market swinging to profit from a loss last year. A decline in homebuilding revenue hurt the top line. $KBH is benefitting from the new income tax regime.
US Home Price Gains Slow To Over 6 Year Low Says Case-Shiller
House prices rose a seasonally adjusted 0.1% in January the S&P CoreLogic Case-Shiller 20-city index showed. Price gains were 3.6% higher compared to a year ago. However that is the slowest annual growth since 2012 with a monthly decline for the third-straight month.
KB Homes Earnings Boosted By Core Homebuiding
KB Homes reported better than expected Q3 earnings after the market Tuesday with soaring revenue from its core line despite the U.S. housing recovery stalling. $KBH is benefitting from higher selling prices and increased consumer confidence. The stock rose 5% after the release.
KB Homes Earnings Riding Consumer Confidence and Housing Market Higher
KB Homes followed fellow homebuilder Lennar $LEN with soaring revenue in Q2 earnings from the steady U.S. housing recovery. $KBH is benefitting from higher selling prices and increased consumer confidence. The stock rose 4% after the release.
KB Homes Earnings Ride The U.S. Housing Market Higher
KB Homes $KBH followed fellow homebuilder Lennar $LEN with soaring revenue in Q4 earnings from the steady U.S. housing recovery. $KBH is benefitting from favorable interest rates and increased consumer confidence.
Homebuilder Lennar Revenue Surges, Tax Reform Earnings Switch
Homebuilder Lennar revenue rose 12% in Q4 earnings from the steady housing recovery.$LEN is benefitting from favorable interest rates and increased consumer confidence. Net earnings fell with key transactions moved to the upcoming quarter after Republican Tax Reform.
Lennar $LEN & CalAtlantic $CAA nearly $10B merger will create the country’s largest homebuilder
Lennar and CalAtlantic merger in nearly $10B deal will create the country’s largest homebuilder, with LTM revenues topping $17B and a market cap of roughly $18B. The new company will control 240K homesites, with 1.3K active communities in 49 markets across 21 states.