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Stock impact report

Washington Scrutinizes Builder Buybacks as Home Starts Hit Five-Year Low [Yahoo! Finance]

KB Home (KBH) 
Last kb home earnings: 3/26 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.kbhome.com
Company Research Source: Yahoo! Finance
Last week, Federal Housing Finance Agency Director Bill Pulte told The Wall Street Journal that the administration is “studying” how much homebuilders are spending on repurchasing their own shares and said the industry is deliberately keeping prices high. That, in turn, erodes consumer purchasing power by driving up housing costs, the largest living expense for average Americans. As of December, the median sales price for existing homes was $405,400, up 0.4% from last year and well above the $309,800 in 2020. SUBSCRIBE: Receive more of our free The Daily Upside newsletter. READ ALSO: Memory Shortage Boosts Sandisk — and May Kill Personal Computers and CEOs, World Leaders Prep for Awkward Encounters at Davos “They're making, in some cases, more money than they've ever made, and they're buying back stock like never before,” Pulte said. Stock buybacks, which companies use to reward shareholders or when they see their stock as undervalued, have long come under scrutiny from policymak Show less Read more
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