Actionable news
All posts from Actionable news
Actionable news in KBH: KB HOME,

KB Home (KBH) Stock Retreating as Pending Home Sales Fall

NEW YORK (TheStreet) -- Shares of KB Home (KBH - Get Report) are down by 5.04% to $13 in midday trading on Thursday, as home builder stocks tumble due to the unexpected decline in pending U.S. home sales.

Contract signings to acquire previously owned homes slipped in September by the most since the end of 2013, Bloomberg reports. That signals that the residential real estate market's recent rise is slowing.

KB Home is a Los Angeles-based home building company that constructs and sells homes in some parts of the U.S. The company is made up of four home building segments and one financial services segment.

Exclusive Look Inside: You see Jim Cramer on TV. Now, see where he invests his money. Check out his multi-million dollar portfolio and discover which stocks he is trading. Click here to see the holdings for 14-days FREE.

Pending home sales fell by 2.3% in September, following a 1.4% decline for August, according to the National Association...