UPDATE ON KB HOMES $KBH
This post was just published on ZYX Buy Change Alert.
KBH is a home builder. At present 60% of the full core position size is being held. When KBH was initiated, it was initiated based on the individual merits of this company and also our macro analysis that interest rates would pull back. Over the last two days, interest rates have moved back up. So far this is part of classical backing and filling and is not of concern unless they rise further.
The other new development is negative statements by two other home builders PHM and DHI.
It is not clear if the situations with PHM and DHI are specific to only these two companies or the entire picture for the home building industry has changed. … Please click here or the title below to read more.