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-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
(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.
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.
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
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