Homebuilders fall to 10-month low on sales data, earnings miss

Is KB Home Q4 Earnings Miss a Warning for Homebuilders?. KB Home missed the zacks consensus estimate for both sales and earnings in the fourth quarter.. The earnings miss at KB Home has once.

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The weakness was buyer’s orders (the precursor of sales and earnings) coming in below analysts’ expectations. From Bloomberg: Homebuilders Fall as Pulte, Horton Orders Miss Estimates

Home Depot’s Sales Miss Suggests Cooling U.S. Housing Market A revenue miss in yesterday’s Home Depot earnings release has some investors worried that the housing market may be cooling.

U.S. Stocks Retreat as Home Sales, Spending Data Miss Estimates – Earnings have beaten. of 11 analysts in a Bloomberg survey. Home Depot Inc. retreated 2.3 percent to $28.45 and homebuilder Pulte Group Inc. fell 6.1 percent to $8.43 after the pending home-sale.

Last quarter, it reported a positive earnings. homebuilders. In a scenario where home prices are continuously rising, management is emphasizing more on price and margin improvement to optimize.

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KB Home KBH, one of the nation’s largest homebuilders, reported disappointing fourth-quarter and fiscal 2015 (ending Nov 31) results on Jan 7 before the market opened.Shares of this Los Angeles-based homebuilder declined 12% since the results were announced. KB Home missed the Zacks Consensus Estimate for both sales and earnings in the fourth quarter.

A survey on Tuesday showed confidence among homebuilders increased in August amid rising demand for new houses. Last month, starts for the volatile multi-family housing segment tumbled 15.3.

The company expects 2015 sales between $25 billion and $27 billion and net income of $4.60 to $5 a share. Consensus was for $27.22 billion in sales and earnings of $5 a share.

Sales of existing homes rose in November to a 10-month high, the National Association of Realtors said Dec. 21. Confidence among U.S. homebuilders increased in January to the highest level in more.

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Homebuilders’ Earnings Boosted by Falling Mortgage Rates. Sales of new U.S. homes fall to a five-month low, adding to signs of weakness despite lower mortgage rates.. Don’t miss crucial.

The pullback started picking up steam after 10 a.m. Eastern, following the release of new-home sales data for May that fell below expectations. Read more about new-home sales. Don’t miss: It’s probably time to kiss that housing market rebound good-bye.