nysekbh
Key Points High interest rates are keeping homeowners in place, boosting homebuilders’ stocks.KB Home, a Los Angeles-based midcap, shows potential for further gains as it consolidates in a bullish fashion.Analysts boosted their price targets after the most recent earnings report.5 stocks we like better than KB HomeHomebuilders have been a leading industry throughout 2023, defying fears that high interest rates would keep buyers away. KB Home (NYSE:KBH), a mid-cap in the industry, has been forming a bullish area of price consolidation that might be hard to spot on a chart. Find A Qualified Fina...
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KB Home has great quarter and gives favorable guidance, but there is a catch.Falling backlogs and dwindling new orders don’t promise strength in 2023.Share repurchases are increased by $500 million.5 stocks we like better than KB HomeKB Home (NYSE:KBH) is raising the roof for 2023; like all house parties, the year may not turn out as investors would hope. The company outperformed consensus estimates and gave favorable guidance driven by its relentless execution of backlog orders. Q4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by ...
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Lennar beat Q4 expectations but the stock is moving lower because of guidance.The outlook points to a sharp contraction in the home-building industry.This is bad news in the near term but sets up an opportunity for later in 2023.Lennar Corporation (NYSE:LEN) has a lineup is on the higher end of the housing spectrum. Its balance sheet is in the best shape it has been in for years. The problem is not the supply-demand situation because that remains firmly in favor of all the homebuilders. The problem is in the near to midterm outlook which is deteriorating quickly. Q3 2022 hedge fund letters, co...
ValueWalk
The Golden Age Of Homebuilding is already overRising interest rates are cutting into new sales and total activityA correction is already underway in the homebuilders and it may gain momentum after the reports from Lennar and KB HomeIt was just a year or so ago that Wall Street pundits were touting a Golden Age for the homebuilders (NYSEARCA:XHB) like Lennar (NYSE:LEN) and KB Home (NYSE:KBH). The combination of low-interest rates, high demand for homes, a lifestyle shift brought on by the pandemic, and pandemic stimulus had the industry set up for growth in a way that was only limited by labor ...
ValueWalk
KB Home, Another Reason Not To Trust The ReboundKB Home (NYSE:KBH) is yet another business giving a reason why you shouldn’t trust the rebound in stocks. The company reports near and long-term headwinds are mounting and cutting into the business. Supply chain shortages, materials supply, and labor issues are preventing the company from starting homes and that means it can’t complete homes or finish homes. When it can’t finish homes it doesn’t make money, when it doesn’t make money it misses its targets and when the market sees these issues setting up it will reduce its targets. When the market...
ValueWalk
Companies in the homebuilding industry include companies that primarily develop single-family new homes, as well as offer financing and remodeling activities. Prior to the coronavirus pandemic, the industry was performing well owing to rising per capita disposable income, improving macroeconomic conditions and accommodative interest rates. The industry is now again starting to pick up, making it a good investment opportunity. Let’s take a look at the ten biggest homebuilders companies. Q3 2021 hedge fund letters, conferences and more Ten Biggest Homebuilders CompaniesTo rank the ten biggest ho...
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