Sales of new single-family homes dropped 13.7% in May compared with April, according to the U.S. Census. Home builders who reported quarterly earnings recently noted high rates cutting into affordability.
I maintain my sell rating on KB Home as demand weakens, gross margins compress, and management cuts full-year guidance, confirming a challenging outlook. 2Q25 results showed homebuilding revenue down 10.4% and net orders falling 13% year-over-year, with cancellation rates rising to 16%. Spring selling season disappointed, with flat sales and declining order momentum despite price cuts, signalin...
KB Home (KBH) topped second-quarter revenue and profit estimates after the bell Monday, but cut its full-year sales forecast as the housing market remains sluggish.
KB Home (KBH 3.29%) reported Q2 2025 results on June 23, 2025, delivering revenues of $1.5 billion and diluted EPS of $1.50, with adjusted gross margins of 19.7%, exceeding guidance.
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