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KB Home Stock Slides After Earnings Miss, CEO Says Sales Were 'Muted'
The USA housing market's leading indicator of new home sales is warming up, but inventory has reached the highest level since 2007, and house prices have dropped 1.5% year-on-year.
In February, new home sales in the USA increased by 1.8% month-on-month, compared to an expected increase of 3.5%, while the previous January value showed a significant drop of 10.5%. In February, the supply of newly built homes rose by 0.8%, reaching 0.5 million units, the highest level since 2007. The median sale price of new homes decreased by 1.5% compared to last year, falling to 0.4145 million dollars.
Express News | Goldman Sachs Maintains Neutral on Lennar, Lowers Price Target to $120
Homebuilders KB Home, Lennar Cut Prices As Buyer Demand Has 'Slowed Materially'
Home Prices Kept Climbing in January. Why a Slowdown Is Coming
A Quick Look at Today's Ratings for Lennar Corp(LEN.US), With a Forecast Between $127 to $131
Andy99 : Prepare for a rebound
BuyAndForget Andy99 : rebound or mass sell
104892820 : Did you buy more than two hundred?