The home builder is riding a wave of residential demand.
News & Analysis: KB Home
Shares of the homebuilder rose on a better-than-expected earnings report.
KBH earnings call for the period ending November 30, 2020.
New housing starts and permits both soar, implying companies expect strong demand in the months to come.
At this point, the homebuilder's issues appear company-specific
Net orders plummeted a whopping 57%, and new coronavirus fears could hold back any recovery.
Investors are still struggling to figure out what's happening with the broader economy.
KBH earnings call for the period ending March 31, 2020.
Despite terrible housing data, the stock market is bullish on residential real estate.
Homebuilder sentiment has started to recover.