US stock · Consumer Cyclical sector · Residential Construction
0.16P/E to S&P500
Recent Reddit Comments
$KBH CEO responds to the issue of the 9,000 lots they walked away from: "In some cases, the land sellers are sticky & they're not willing to reduce price & they're not extending because they think they've got other people in the wings that will come in and take your position.." https://t.co/DMFQwhswQK
Interesting comments from $KBH CEO today on homebuyers avoiding adjustable-rate mortgages (ARMs). "We have some great and compelling interest rates on 10-year ARMs...Couple of hundred basis points lower than 30-year fixed, and nobody is taking it so far."
US #homebuilders Lennar & KB Home beat bottomline. $LEN obviously stronger (margins beat as anticipated), net contract ASPs still +ve (unlike $KBH) and outlook for 20% jump in 4Q deliveries! 🇺🇸 Industry orders imply -15% building permits by year end. Rent 🏠builders (dont own) https://t.co/wuaiJwyAnW