Posted on September 23, 2020 by iwano@_84
KB Home’s KBH stock slips 1.5% in the after-hours trading session on Sep 22, after it reported third-quarter fiscal 2020 (ended Aug 31, 2020) results. Although both earnings and revenues topped the respective Zacks Consensus Estimate on solid housing gross margin, the company expects its ending community count to remain relatively flat sequentially for the next two quarters.
The company reported quarterly earnings of 83 cents per share, which surpassed the consensus estimate of 50 cents by 66%. Also, the metric grew 13.7% from the year-ago figure of 73 cents per share owing to improvement in housing gross margin.
KB Home price-consensus-eps-surprise-chart | KB Home Quote
Total revenues of $999 million topped the consensus mark of $896 million by 11.6% but fell 13.9% on year-over-year basis due to COVID-19 impacts.
Homebuilding: For the quarter under
Posted on September 22, 2020 by iwano@_84
But since I am merely a builder, plumber and scribe, you and I will have that discussion here and now. Which team would you choose to be on?
I had the good fortune to cut my teeth as a young builder working in and on old homes in Cincinnati. The city experienced explosive suburban growth in the late 1800s. People started to see the benefits of living up on the hilltops that overlooked the smoky and grimy Mill Creek Valley. New single-family and multi-family homes were being built in a building boom that lasted decades.
Rough framing lumber back then was indeed rough. It was bigger than today’s wall studs and floor joists. The wood was cut from old-growth timber, and when you looked at the end grain, what stood out was the thin growth rings. There was often an equal amount of strong, dense summerwood — that’s the darker