This week, fear of interest rate spikes contributed to a decrease in housing stocks after analysts lowered ratings and price targets for several companies in the housing industry, according to an article written by Jim Bounds for CNBC.
In his new role, McGibney will oversee the KB’s local teams and operations across Arizona and Nevada including land acquisitions, land development, home construction, customer service, purchasing, sales and marketing.
After a three-year investigation of KB Home for violations of the Florida Deceptive and Unfair Trade Practices Act, KB Home and its Florida subsidiaries reached a multi-million dollar settlement with the Florida Attorney General’s Office.
One housing expert says housing sales are increasing, and the CEO of KB Home agrees with her, kind of. But with the Fed raising interest rates, is it a good time to buy a home? Nope, it's a great time. And here's proof.