Posted in home improvement loans

KB Home (KBH) Q3 Earnings Beat, Margins Rise, Stock Slides

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.

Earnings & Revenue Discussion

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 and EPS Surprise

KB Home Price, Consensus and EPS Surprise

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.

Segment Details

Homebuilding: For the quarter under

Read More
Continue Reading KB Home (KBH) Q3 Earnings Beat, Margins Rise, Stock Slides
Posted in home

Singapore Home Sales Beat Expectations and Rise to 11-Month High

(Bloomberg) — Singapore home sales surged to an 11-month high in August, buoyed by demand from locals who are betting that prices will rebound as soon as next year.



a view of a city with tall buildings in the background: Housing blocks stand in the Punggol area in Singapore on Monday, April 20, 2020. The number of daily coronavirus cases in Singapore topped 1,000 for the first time since the pandemic began, as an outbreak among migrant workers living in shared dormitories continued to surge.


© Bloomberg
Housing blocks stand in the Punggol area in Singapore on Monday, April 20, 2020. The number of daily coronavirus cases in Singapore topped 1,000 for the first time since the pandemic began, as an outbreak among migrant workers living in shared dormitories continued to surge.

The number of new units sold rose 16% to 1,256 last month from 1,080 in July, according to Urban Redevelopment Authority data released Tuesday. That’s the most since September last year and up from a near six-year low in April during the height of the lockdown.

Loading...

Load Error

Fears of Singapore falling into a prolonged recession are subsiding with home sales growing for the fourth-consecutive month. Singapore forecast its worst recession on record in

Read More
Continue Reading Singapore Home Sales Beat Expectations and Rise to 11-Month High
Posted in remodeling

When it comes to home remodeling, does old craftsmanship beat new technology?

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

Read More
Continue Reading When it comes to home remodeling, does old craftsmanship beat new technology?