KBH Jul 2024 85.000 put
OPR - OPR Delayed price. Currency in USD
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- Associated Press Finance
Market for newly built homes slows as elevated mortgage rates put off many home shoppers
Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out. Last month's sales skidded to a seasonally adjusted annual rate of 619,000 units, the slowest pace since November, the U.S. Census Bureau reported Wednesday. The average rate on a 30-year mortgage has mostly hovered around 7% this year, according to mortgage buyer Freddie Mac.
- Zacks
New Home Sales Dip in May: What Lies Ahead for Housing?
New home sales decline in May, thanks to high borrowing costs. Does this prepare us for a grim outlook for housing?
- Zacks
Here Is Why Bargain Hunters Would Love Fast-paced Mover KB Home (KBH)
KB Home (KBH) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
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