KB Home

KBH is in an advancing Stage 2 regime, exhibiting a clear sequence of higher highs and higher lows, trading above the rising 50-day MA. The medium-term bias is bullish, but short-term timing remains neutral as price pulls back into the 9- and 21-day EMAs and tests support. We will stalk for acceptance in the 55–56 range before engaging.

• ↑73% of Q2 orders are built-to-order, boosting gross margins by 250–500bps.
• ↑Backlog at 4,526 homes (+26% sequential) underpins future revenues.
• ↓Q2 revenue $1.11bn (-27% YoY) and EPS $0.43 vs $1.50 signal weak demand.