← KB Home overview

KB Home vs M/I Homes: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

KB Home (KBH)

Q3 2026
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KB Home's Profit Beat Can't Offset Shrinking Sales and Weak Guidance

  • Q2 Sales and Profit Collapse KB Home's fiscal Q2 revenue fell 27% to $1.11 billion, EPS dropped 71% to 43 cents, deliveries fell 23%, and the operating margin shrank to 2.5% from 8.6%. This weak result, plus a lowered full-year outlook, pushed the stock down 8.2% and set a negative tone for the period.

    It shows the core earnings deterioration that drove the stock lower and frames the period's weak backdrop.

  • Housing Market Pressures Persist Mortgage rates hit a two-year high of 7.12%, hurting affordability. Rival Lennar reported orders down 9% and cut its delivery target, and Jim Cramer warned KB Home would face the same weak demand. This matters because fewer buyers and high rates directly reduce KB Home's sales and pricing power.

    It explains the external demand and affordability headwinds that keep pressure on KBH's sales and margins.

  • Built-to-Order Shift Lifts Margins KB Home beat Q3 EPS estimates ($1.05 vs. $0.90) and improved its housing gross margin to 16.5% from 15.2% in Q2, as built-to-order homes reached nearly three-quarters of deliveries. This strategic shift gives the company better control over costs and margins, a real positive for future profits.

    It highlights the one clear operational improvement that supports KBH's profitability despite weak sales.

  • Q4 Outlook Disappoints, Orders Fall KB Home projected Q4 deliveries below expectations and gross margins of 16%-16.6%, short of the 17.2% analysts wanted. Net orders fell 12% and cancellations rose to 18%. The stock fell over 1% as investors worried that weak demand and high rates will keep squeezing future sales and profits.

    It shows forward guidance and order trends that signal continued weakness, weighing on the stock after the earnings beat.

August 2026
▼3▲1

KB Home's Profit Beat Can't Offset Shrinking Sales and Weak Guidance

  • Q2 Sales and Profit Collapse KB Home's fiscal Q2 revenue fell 27% to $1.11 billion, EPS dropped 71% to 43 cents, deliveries fell 23%, and the operating margin shrank to 2.5% from 8.6%. This weak result, plus a lowered full-year outlook, pushed the stock down 8.2% and set a negative tone for the period.

    It shows the core earnings deterioration that drove the stock lower and frames the period's weak backdrop.

  • Housing Market Pressures Persist Mortgage rates hit a two-year high of 7.12%, hurting affordability. Rival Lennar reported orders down 9% and cut its delivery target, and Jim Cramer warned KB Home would face the same weak demand. This matters because fewer buyers and high rates directly reduce KB Home's sales and pricing power.

    It explains the external demand and affordability headwinds that keep pressure on KBH's sales and margins.

  • Built-to-Order Shift Lifts Margins KB Home beat Q3 EPS estimates ($1.05 vs. $0.90) and improved its housing gross margin to 16.5% from 15.2% in Q2, as built-to-order homes reached nearly three-quarters of deliveries. This strategic shift gives the company better control over costs and margins, a real positive for future profits.

    It highlights the one clear operational improvement that supports KBH's profitability despite weak sales.

  • Q4 Outlook Disappoints, Orders Fall KB Home projected Q4 deliveries below expectations and gross margins of 16%-16.6%, short of the 17.2% analysts wanted. Net orders fell 12% and cancellations rose to 18%. The stock fell over 1% as investors worried that weak demand and high rates will keep squeezing future sales and profits.

    It shows forward guidance and order trends that signal continued weakness, weighing on the stock after the earnings beat.

Latest
▼3▲1

KB Home's Profit Beat Can't Offset Shrinking Sales and Weak Guidance

  • Q2 Sales and Profit Collapse KB Home's fiscal Q2 revenue fell 27% to $1.11 billion, EPS dropped 71% to 43 cents, deliveries fell 23%, and the operating margin shrank to 2.5% from 8.6%. This weak result, plus a lowered full-year outlook, pushed the stock down 8.2% and set a negative tone for the period.

    It shows the core earnings deterioration that drove the stock lower and frames the period's weak backdrop.

  • Housing Market Pressures Persist Mortgage rates hit a two-year high of 7.12%, hurting affordability. Rival Lennar reported orders down 9% and cut its delivery target, and Jim Cramer warned KB Home would face the same weak demand. This matters because fewer buyers and high rates directly reduce KB Home's sales and pricing power.

    It explains the external demand and affordability headwinds that keep pressure on KBH's sales and margins.

  • Built-to-Order Shift Lifts Margins KB Home beat Q3 EPS estimates ($1.05 vs. $0.90) and improved its housing gross margin to 16.5% from 15.2% in Q2, as built-to-order homes reached nearly three-quarters of deliveries. This strategic shift gives the company better control over costs and margins, a real positive for future profits.

    It highlights the one clear operational improvement that supports KBH's profitability despite weak sales.

  • Q4 Outlook Disappoints, Orders Fall KB Home projected Q4 deliveries below expectations and gross margins of 16%-16.6%, short of the 17.2% analysts wanted. Net orders fell 12% and cancellations rose to 18%. The stock fell over 1% as investors worried that weak demand and high rates will keep squeezing future sales and profits.

    It shows forward guidance and order trends that signal continued weakness, weighing on the stock after the earnings beat.

Q2 2026
▲3▼1

KBH Surges on Housing Bill and Turnaround Plan Despite Weak Q2

  • Housing Bill Passed Congress passed the 21st Century Road to Housing Act, which cuts red tape, streamlines permits, and bars large institutional investors from buying more single-family homes. This reduces competition and lowers costs, boosting KBH and peers. KBH jumped 17.8% on the news.

    This is the biggest new catalyst driving KBH's stock this period.

  • BTO Transition Trough Over KB Home said the temporary delivery dip from its shift to built-to-order homes is over. It expects sequential growth, margin expansion, and a $50-$100 million buyback. Built-to-order homes now make up 73% of orders and earn higher margins.

    This is a new company-specific positive that signals a turnaround.

  • Weak Q2 Earnings KB Home reported Q2 revenue of $1.11 billion and EPS of $0.43, missing EPS estimates. Net income fell to $27.3 million from $107.9 million a year ago, and deliveries dropped 23%. This shows the company is still struggling with soft demand.

    This is a new negative that explains why KBH's stock might face pressure despite the rally.

  • Lower Mortgage Rates Falling oil prices pushed bond yields down, with the 10-year Treasury yield dropping below 4.5%. Lower yields typically lead to lower mortgage rates, making homes more affordable and boosting demand for builders like KBH.

    This is a new macro tailwind that supports the housing sector.

June 2026
▲3▼1

KBH Surges on Housing Bill and Turnaround Plan Despite Weak Q2

  • Housing Bill Passed Congress passed the 21st Century Road to Housing Act, which cuts red tape, streamlines permits, and bars large institutional investors from buying more single-family homes. This reduces competition and lowers costs, boosting KBH and peers. KBH jumped 17.8% on the news.

    This is the biggest new catalyst driving KBH's stock this period.

  • BTO Transition Trough Over KB Home said the temporary delivery dip from its shift to built-to-order homes is over. It expects sequential growth, margin expansion, and a $50-$100 million buyback. Built-to-order homes now make up 73% of orders and earn higher margins.

    This is a new company-specific positive that signals a turnaround.

  • Weak Q2 Earnings KB Home reported Q2 revenue of $1.11 billion and EPS of $0.43, missing EPS estimates. Net income fell to $27.3 million from $107.9 million a year ago, and deliveries dropped 23%. This shows the company is still struggling with soft demand.

    This is a new negative that explains why KBH's stock might face pressure despite the rally.

  • Lower Mortgage Rates Falling oil prices pushed bond yields down, with the 10-year Treasury yield dropping below 4.5%. Lower yields typically lead to lower mortgage rates, making homes more affordable and boosting demand for builders like KBH.

    This is a new macro tailwind that supports the housing sector.

▲3▼1

KBH Surges on Housing Bill and Turnaround Plan Despite Weak Q2

  • Housing Bill Passed Congress passed the 21st Century Road to Housing Act, which cuts red tape, streamlines permits, and bars large institutional investors from buying more single-family homes. This reduces competition and lowers costs, boosting KBH and peers. KBH jumped 17.8% on the news.

    This is the biggest new catalyst driving KBH's stock this period.

  • BTO Transition Trough Over KB Home said the temporary delivery dip from its shift to built-to-order homes is over. It expects sequential growth, margin expansion, and a $50-$100 million buyback. Built-to-order homes now make up 73% of orders and earn higher margins.

    This is a new company-specific positive that signals a turnaround.

  • Weak Q2 Earnings KB Home reported Q2 revenue of $1.11 billion and EPS of $0.43, missing EPS estimates. Net income fell to $27.3 million from $107.9 million a year ago, and deliveries dropped 23%. This shows the company is still struggling with soft demand.

    This is a new negative that explains why KBH's stock might face pressure despite the rally.

  • Lower Mortgage Rates Falling oil prices pushed bond yields down, with the 10-year Treasury yield dropping below 4.5%. Lower yields typically lead to lower mortgage rates, making homes more affordable and boosting demand for builders like KBH.

    This is a new macro tailwind that supports the housing sector.

M/I Homes Inc (MHO)

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