The National Association of Home Builders/Wells Fargo index fell to 55 from 57 in January. The drop was attributable to builders active in the Midwest where severe weather resulted in lower buyer traffic levels in active communities. Index readings above 50 are considered to reflect a generally positive sentiment within the industry.
Benchmark Communities (“Benchmark”), an award-winning national homebuilder, announced today that it has reached a milestone of 2,000 new home deliveries since its parent company, UCP (NYSE:UCP), went public in 2013,
KB Home reported Q2 earnings that beat Wall Street consensus estimates. Earnings came in at $9.6 million, or 10 cents a share, versus analyst estimates of 8 cents per share.
Net earnings for the fourth quarter of 2016 were $51.8 million or $1.22 per diluted share, compared to $52.9 million or $1.26 per diluted share reported for the fourth quarter
