Housing Market

KB Home reported Q1 EPS $0.52, missing $0.55 estimate, and revenue $1.08 bn, down 23% YoY. Housing gross profit margin fell to 15.5% from 20.3% and operating income margin dropped to 3.1% from 9.2% Yo

Bellway's shares fell over 8% after operating margin slipped to 10.5% despite a 6.3% revenue increase to £1.52 bn. Administrative expenses rose 12.2% to £86.3 m, pushing full‑year cost guidance to £17