Lennar & KB Home Face Tougher Housing Market, Goldman Sachs Cuts Forecast Amid Slowing Demand
1. Goldman Sachs maintains Neutral rating on KB Home, lowering forecast to $72. 2. Analyst cuts first-quarter order estimates for KBH by 8% year-over-year. 3. Increased mortgage rates and inventory issues are impacting demand and profitability. 4. Market conditions expected to remain tough, with a cautious outlook for KBH. 5. Adjusted EPS estimates for KBH have been lowered for 2025 to $8.35.