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Joel Kranc's Avatar
published in Blogs
Apr 08, 2019

U.S. home buying sentiment at nine-month high

U.S. consumer sentiment for home buying rose to its strongest in nine months, as a result of a sturdy jobs market and a decline in mortgage rates so far this year, according to Fannie Mae. 

The federal mortgage agency said its home purchase sentiment index increased by 5.5 points to 89.8 points, its highest since last June. Fannie Mae’s latest data showed the net share of consumers surveyed in March who said it is a good time to sell a home jumped 13 points to 43%.

Related Ticker: KBH

Aroon Indicator for KBH shows an upward move is likely

KBH's Aroon Indicator triggered a bullish signal on March 01, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 309 similar instances where the Aroon Indicator showed a similar pattern. In of the 309 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 06, 2024. You may want to consider a long position or call options on KBH as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for KBH just turned positive on February 12, 2024. Looking at past instances where KBH's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

KBH moved above its 50-day moving average on February 06, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KBH advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where KBH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

KBH broke above its upper Bollinger Band on February 29, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 52, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.359) is normal, around the industry mean (6.195). P/E Ratio (9.707) is within average values for comparable stocks, (88.756). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.411). KBH has a moderately low Dividend Yield (0.011) as compared to the industry average of (0.043). P/S Ratio (0.888) is also within normal values, averaging (75.162).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. KBH’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are DR Horton (NYSE:DHI), Lennar Corp (NYSE:LEN), Pultegroup (NYSE:PHM), KB Home (NYSE:KBH).

Industry description

Homebuilding includes companies residential home construction companies, renovators and repair firms. The companies may be building single-family or multifamily homes, condominiums or mobile homes. Over the five years to 2019, the Home Builders industry is estimated to have grown at an annualized rate of 2.5% to reach $89.4 billion, (including expected growth of 2.6% in 2019), according to a study by IbisWorld. After having suffered one of its worst crises a decade ago during the last macroeconomic recession–which had much of its origins in U.S. real estate – the homebuilding industry has been recovering steadily so far. Higher disposable incomes and improving economic activity have bolstered consumers’ purchases of homes. While revenue of the Home Builders industry remains well below its prerecession high, demand growth estimates show promise.

Market Cap

The average market capitalization across the Homebuilding Industry is 6.67B. The market cap for tickers in the group ranges from 66.68K to 50.76B. DHI holds the highest valuation in this group at 50.76B. The lowest valued company is ASCK at 66.68K.

High and low price notable news

The average weekly price growth across all stocks in the Homebuilding Industry was 2%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 14%. HOV experienced the highest price growth at 15%, while DREM experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Homebuilding Industry was 38%. For the same stocks of the Industry, the average monthly volume growth was -21% and the average quarterly volume growth was 25%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 38
P/E Growth Rating: 33
Price Growth Rating: 46
SMR Rating: 54
Profit Risk Rating: 52
Seasonality Score: -21 (-100 ... +100)
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KBHDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a constructor and seller single family homes as well as condominium complexes

Industry Homebuilding

Profile
Fundamentals
Details
Industry
Homebuilding
Address
10990 Wilshire Boulevard
Phone
+1 310 231-4000
Employees
2205
Web
https://www.kbhome.com
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KBH and

Correlation & Price change

A.I.dvisor indicates that over the last year, KBH has been closely correlated with TOL. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if KBH jumps, then TOL could also see price increases.

1D
1W
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NAME
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To KBH
1D Price
Change %
KBH100%
+2.72%
TOL - KBH
87%
Closely correlated
+1.99%
LEN - KBH
87%
Closely correlated
+1.87%
PHM - KBH
87%
Closely correlated
+2.61%
TMHC - KBH
86%
Closely correlated
+1.93%
DHI - KBH
84%
Closely correlated
+2.36%
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