New Home Sales Way Up, KB Home & StitchFix Report

Wednesday, September 24, 2025Markets continued to press pause this week after a nice run following the Fed decision a week ago to lower interest rates by 25 basis points (bps), with more cuts to come. Going back to last week, this sent major market indexes up to record highs. We started giving a little of this back starting yesterday and continuing into today.The Dow slipped -171 points, +0.37% on the day, with the S&P 500 down -18 points and the Nasdaq -75, -0.73%. The small-cap Russell 2000 slid the farthest: -22 points, -0.92%. Market indexes are pretty flat over the past five trading days, but that was after setting record-high close after record-high close. Bond yields are steady on the 10-year side, +4.15%, while inching up on the 2-year: +3.61%.KB Home, StitchFix Report Earnings After the BellHomebuilding major KB Home KBH reports Q3 earnings after today’s closing bell, beating estimates solidly on the bottom line — $1.61 per share versus expectations of $1.50 — on revenues that barely outpaced forecasts: $1.62 billion versus $1.60 billion. The company also announced the repurchase of $188.5 million in stock.Late-trading of KBH shares has been extremely volatile on the news, and currently reside down -0.50%. Revenues for the fiscal year have been lowered notably to $6.10-6.20 billion from the $6.4 billion anticipated in the Zacks consensus, which is likely the main culprit to the late-day underperformance. The Average Selling Price per home rose to $475,700.StitchFix SFIX put in markedly better results in its fiscal Q4 report this afternoon, posting a loss per share of -$0.07, better than the -$0.13 estimated and the -$0.12 per share reported in the year-ago quarter. Revenues of $311.2 million were well past the $301.3 million analysts were looking for, down just -2.6% year over year. Shares are up +10% on the news, adding to the company’s +30.8% gains year to date.New Home Sales Up +20% in AugustSpeaking of new homes, earlier this morning the New Home Sales report for August came out, surging past expectations to a clean +800K new seasonally adjusted, annualized homes having been sold, +20.5% year over year and well past the +649K estimate, which was upwardly revised to +665K. This +800K figure is the highest single-month tally since January of 2022.The Northeast saw the biggest gains for the month, +72.2%, followed by the South at +24.7%, the Midwest at +12.7% and the West, which led all regions for July new home sales, rose just +5.6%. The median sales price also rose +7% month over month to $413,500. This data is prone to significant revisions over time, however, so we won’t declare the slump in housing dead just yet.Questions or comments about this article and/or author? Click here>>Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KB Home (KBH): Free Stock Analysis Report Stitch Fix, Inc. (SFIX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks