Spring is usually a good time for new-home sales. That may not be the case for this homebuilder. - MarketWatch

1. KBH shares fell 8% after cutting annual sales outlook. 2. Demand has weakened due to affordability and macroeconomic concerns. 3. 2025 sales guidance lowered to $6.60-7 billion from $7-7.50 billion. 4. First-quarter sales down 5% year-over-year, falling short of analysts' expectations. 5. Average home price and gross margins projections were also decreased.