Street View: KB Homes' outlook signals sustained housing demand

KolmarBNH

13/01/2022 14:52

** Home builder KB Homes  KBH.N  on Wednesday beat Q4 profit
estimates, benefiting from pent up demand for homes  urn:newsml:reuters.com:*:nBw72B0Gxa
    ** Shares of KBH up 9.5% at $46.42 in early trade  
    
    HOUSING DEMAND IS MORE NEED-BASED TODAY, LESS SENSITIVE TO
RATES
    ** Evercore ISI ("outperform" PT $42.55) says KBH's outlook
squashed its concerns about pricing and demand in the housing
sector, believes demand today is more need-based compared to
2018, signaling that consumers are less sensitive to price hikes
    ** RBC ("outperform" PT $55) sees KBH's outlook driving
improved relative sentiment towards co
    ** Wells Fargo ("outperform" PT 50) says build times are
consistent and leveling out last 4 months
    ** BofA Global Research ("neutral" PT $56) says KBH not
seeing a slowdown in demand despite price increases and rise in
mortgage rates


 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))