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Sydnee Gatewood
Sydnee Gatewood
Articles (2955) 

Keeley Asset Management Comments on KB Home

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October 19, 2020 | About:
KB Home (NYSE:KBH) (KBH - $38.39 – NYSE) is one of the nation's leading homebuilders. KB Home is back as a top performer for the second quarter in a row as new housing demand continues to accelerate driven by rst-time buyers which represent more than half of the company's new orders. Pro tability has improved due to management's focus on cost reductions and pushing higher average selling prices. We expect this increased demand to continue near-term driven by the Millennials aging into prime home buying age. In addition, the current "work-from-home" dynamic introduces an element of mobility that could further accelerate housing trends. Importantly, record low mortgage rates remain supportive.

From Keeley Asset Management Corp (Trades, Portfolio)'s Mid Cap Dividend Value Fund third-quarter 2020 commentary.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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