KB Home (NYSE:KBH)
Historical Stock Chart
3 Years : From Apr 2012 to Apr 2015
After an impressive start to the year the Residential Construction Industry has started to fall. The outlook for U.S. homebuilders dropped in April for the first time in six months, a sign that the Industry is still recovering. The SPDR S&P Homebuilders ETF has dipped over 4 percent in the last month. The Paragon Report examines investing opportunities in the Residential Construction Industry and provides equity research on KB Home (NYSE: KBH) and PulteGroup, Inc. (NYSE: PHM).
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The National Association of Home Builders reported earlier this week that their builder sentiment index -- which scale runs from 0 to 100 -- fell to 25 from 28 the previous month. March's reading was the highest rating since June of 2007. The dip came as a surprise to many as analysts had predicted the index would continue its upward momentum.
"What we're seeing is essentially a pause in what had been a fairly rapid build-up in builder confidence that started last September," said David Crowe, chief economist with the homebuilders' group. "This is partly because interest expressed by buyers in the past few months has yet to translate into expected sales activity."
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KB Home is one of the largest and most recognized homebuilding companies in the United States. The board of directors of KB Home has declared a quarterly cash dividend of $.025 per share on the Company's common stock, reflecting its decision to reduce the Company's quarterly cash dividend from $.0625 per share. The dividend is payable on May 17 to stockholders of record on May 3, 2012.
PulteGroup, Inc. recently announced that it will release its first quarter 2012 financial results before the market opens on Thursday, April 26, 2012. The Company will hold a conference call to discuss first quarter results that same day at 8:30 a.m. (ET). A live audio webcast of the call will be available on PulteGroup's website.
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