Replies to post #94009 on Savvy Trades and Investments

[researcher59]

Homebuilders being hit hard today, mostly down 3% to 5%, evidently due to rising interest rates, soaring lumber prices and profit taking deferred until the new year for tax purposes.

CCS, MHO, NAIL

[researcher59]

KBH up 5% after hours on a solid earnings report - should help the homebuilders tomorrow.

briefing -

KB Home beats by $0.14, misses on revs; expects FY22 housing revs of $7.2-7.6 bln (42.38 +0.20) :

Reports Q4 (Nov) earnings of $1.91 per share, $0.14 better than the S&P Capital IQ Consensus of $1.77; revenues rose 40.3% year/year to $1.68 bln vs the $1.71 bln S&P Capital IQ Consensus.
Home building revs grew 40.3% yr/yr to $1.67 bln.
Homes delivered jumped 28% yr/yr to 3,679.
Average selling price grew 9% yr/yr to $451,100.
Ending backlog value grew 67% yr/yr to $4.95 bln.
Net order value expanded by $184.3 mln, or 12%, to $1.77 bln.
Co issued guidance for FY22:
Housing revenues (which does not compare to consensus) in the range of $7.20-7.60 bln.
Average selling price in the range of $480,000-490,000.
Housing gross profit margin in the range of 25.4-26.2%.