Category Archives: BZH

September Housing Market Update

Posted on September 26, 2022 by Stephen Percoco

The average rate on the 30-year mortgage has risen above 6.00% in response to the latest hike in the Fed Funds target rate.  Freddie Mac’s Primary Mortgage Market Survey pegged the average rate at 6.29% this week. The CME’s Fed … Continue reading →

Posted in BZH, Consumer Discretionary, Housing, KBH, Market Commentary, Real Estate, TOL | Tagged , | Leave a comment

Thoughts on the Outlook for Homebuilding Stocks

Posted on April 13, 2022 by Stephen Percoco

Homebuilding stocks have had a rough 2022. Year-to-date (through 4/12), my equal-weighted index of 11 publicly-traded U.S. homebuilders has fallen 34.8%. That compares with declines of 7.7% in the S&P 500 and 11.5% in the Russell 2000. Following a three-fold … Continue reading →

Posted in BZH, Consumer Discretionary, Housing, KBH, TOL | Tagged , | Comments Off on Thoughts on the Outlook for Homebuilding Stocks

Impairments Spark a Sell-Off, But Position BZH for an Earnings Rebound

Posted on May 17, 2019 by Stephen Percoco

Beazer Homes (BZH) reported a fiscal 2019 second quarter loss of $3.28 per share, compared with earnings of $0.36 per share in the comparable prior year quarter.  The loss included a large impairment charge and a much smaller gain on … Continue reading →

Posted in BZH, Consumer Discretionary, Housing | Tagged | Comments Off on Impairments Spark a Sell-Off, But Position BZH for an Earnings Rebound