What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Mortgage

KB Home records $565 million 2Q2014 revenue

Beats analyst expectations

Homebuilder KB Home (KBH) recorded a second-quarter total revenue of $565 million, increasing 8% from $524.4 million from the first quarter of 2013. The company’s earnings per share of $0.27 beat Sterne Agee analyst estimates of $0.23 due to lower interest expenses and lower income tax provisions than expected.   

The company delivered 1,751 homes in the current quarter, slightly down from 1,797 homes for the same period a year ago.

"Increasing the number of new home communities we have open for sales remains a top priority for us," Jeffrey Mezger, president and CEO, said.  

"We acquired several attractive large land positions and substantially advanced our land development in the second quarter to reinforce the upward trajectory of our business. We expect to measurably expand our community count into 2015 with the significant investments we are making in our land pipeline,” Mezger added.  

In addition, the overall average selling price of a home came in at $319,700, rising $29,300, or 10%, from the second quarter of 2013, marking the seventh consecutive quarter of double-digit year-over-year percentage growth.  

Operating income jumped to $34.3 million, up $25.6 million from $8.7 million in the year-earlier quarter.

"We have produced year-over-year revenue increases for 11 straight quarters and operating income improvement for ten consecutive quarters. With the momentum we have generated through the first half of the year and our robust backlog, we believe we are on track to meet our fiscal 2014 goals," Mezger said. 

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FHFA extends forbearance period to 18 months

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3d rendering of a row of luxury townhouses along a street

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