KB Home (KBH, Financial) (KBH - $30.68 – NYSE) is one of the nation’s leading homebuilders. e stock has recovered from the large decline last quarter driven by pandemic-related shutdowns halting the strong underlying fundamentals prior to COVID. Demand drivers are expected to accelerate beyond the rst-time home buyer as pandemic-related lockdowns could entice urban dwellers to look for more space in suburbs. Additionally, the current “work-from-home” dynamic has introduced an aspect of mobility that could further accelerate housing trends with additional support from record low mortgage rates.
From Keeley Asset Management Corp (Trades, Portfolio)'s Small Cap Dividend Value Fund second-quarter 2020 commentary.
