KB Home Stock Hammered
KB Home suffered its worst one-day percentage drop since Aug. 19, 1992 on Tuesday with a 16.3% decline. With lower than expected margins in the 4th quarter of 2014 and guidance that margins are likely to continue to be soft into early 2015, investors punished KB’s stock price. Some analysts are predicting widespread margin compression in the homebuilding sector due to slowing price appreciation, building on high basis land and rising labor and materials costs.
About author
You might also like
Deal Flow
Builder Online provides a summary of all the M&A activity nationally that has taken place in the homebuilding sector. Read more
Japan’s Sekisui House To Acquire Woodside Homes
By John McManus – The owners of Woodside Homes have agreed to sell the 40-year old entity, ranked 27 in the Builder 100, to Japan’s largest home building enterprise Sekisui
DR Horton Reports Strong 1Q Earnings
Homebuilding bellwether, DR Horton, the largest homebuilder by revenue in the country, reported earnings of 39 cents a share or $142.5M for its fiscal year first quarter. This was up