KB Home 3Q Deliveries Plunge 19% as Housing Slump Deepens
KBH is trading near its 52-week low of $44.025 (10% above the low) on elevated volume (2.3× avg).
Summary
KB Home reported a significant decline in its third-quarter performance, with home deliveries falling 19% year-over-year, underscoring a deepening housing market slump. The company's Q3 revenue reached $1.30 billion, with earnings per share at $1.05. This downturn follows a 27% revenue drop and a cut to full-year delivery guidance reported in July, with the Executive Chairman noting that conditions have weakened further since the June earnings report. Looking ahead, KB Home anticipates fourth-quarter deliveries to be between 3,000 and 3,500 homes, with housing revenue projected to range from $1.45 billion to $1.65 billion. For 2026, the company forecasts housing revenue between $4.90 billion and $5.10 billion, alongside a housing gross profit margin of 16.0% to 16.2%, assuming no inventory-related charges.
At the time of this announcement, KBH was trading at $48.58 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3B. The 52-week trading range was $44.03 to $67.57. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.