Mar. 27 at 3:19 PM
"KB Home's Disappointing Q1 Report Ends The Seasonal Trade" https://seekingalpha.com/article/4886566?gt=b2e4bda68d565c6b
$KBH $ITB $LEN $XHB #housingwatch #homebuilders #housingmarket
* KB Home is maintained at a hold as weak demand and macro headwinds drive sharply reduced FY2026 guidance.
* KBH slashed delivery and revenue targets by ~8% at the midpoint, signaling a continued double-digit decline from 2025 levels.
* Margins are under significant pressure, with Q1 housing gross margin plunging to 15.3% and further downside possible in Q2.
* Buybacks and a strong balance sheet provide some support, but business momentum is poor and the seasonal trade in homebuilders is effectively over.