Homebuyers May Qualify for Newly Extended Federal Tax Credit on a New KB Home - Zibb.com

LOS ANGELES, Nov 06, 2009 (BUSINESS WIRE) --

Many KB Home (NYSE:KBH) homebuyers now have a second chance to qualify for a federal tax credit on the purchase of their new home. The stimulus bill signed into law today extends the federal tax credit for first-time homebuyers to homes purchased before May 1, 2010 and closed before July 1, 2010. In addition to this extension, the program has been modified to include current homeowners and military personnel, as well as an increase in the maximum income allowed to qualify.

First-time homebuyers are eligible for an $8,000 fully refundable tax credit, which means it will be paid out even if a taxpayer owes no tax or if the credit is more than the tax they owe. Move-up buyers who have owned and lived in their home for at least five consecutive years out of the last eight are eligible for a credit of up to $6,500 on the purchase of a new residence. For members of the military, the deadline to qualify for either tax credit is extended through May 1, 2011 for those serving on qualified official extended duty service outside the U.S. for at least 90 days before May 1, 2010. No credit is allowed if the purchase price of the home exceeds $800,000.

KB Home 
Heather Reeves, 310-231-4142 
hreeves-x@kbhome.com

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Companies: KB Home (KBH)

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KB Home Down 12% Since SmarTrend's Sell Recommendation - Zibb.com

Nov 02, 2009 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend, our proprietary pattern recognition system, called a Downtrend for KB Home (NYSE:KBH) on October 01, 2009 at $15.80.

Since then, KB Home has returned 12% as of today's recent price of $13.90. Want to profit from these alerts?

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Companies: KB Home (KBH)

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KB Home (KBH) Traded Up Sharply Yesterday With Bullish Technicals - Zibb.com

Oct 23, 2009 (Fresh Brewed Media via COMTEX) --

KB Home (NYSE: KBH) closed yesterday at $16.17. So far the stock has hit a 52-week low of $6.90 and 52-week high of $20.70. KB Home stock has been showing support around 14.21 and resistance in the 17.47 range. Technical indicators for the stock are Bullish and S&P gives KBH a neutral 3 STAR (out of 5) hold rating. KBH appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 14 covered call (KBH DQ) for a net debit in the $12.67 area. That is also the break even stock price for this trade. This covered call has a 176 day duration, provides 21.65% downside protection and a 10.50% assigned return rate for a 21.77% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the KBH Jan '11 7.50 Call (OHK AU) and selling the Apr '10 14 call (KBH DQ) for a $5.85 debit. The trade has a 176 day life and would provide 17.44% downside protection and an 11.11% assigned return rate for a 23.00% annualized return rate (for comparison purposes only). KB Home has a current annual dividend yield of 1.63%.

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Companies: KB Home (KBH)

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KB Home (KBH) Initiated Coverage Alert, Watch for 0% Technical Downtrend Continuation - Zibb.com

Oct 26, 2009 (SmarTrend(R) Spotlight via COMTEX) --

KB Home (NYSE:KBH) initiated as Hold at Deutsche Bank. The stock closed Friday at $15.80 on volume of 7,233,625 shares, above average daily volume of 4,558,835.

KB Home is currently below its 50-day moving average of $17.28 and should find support at its 200-day moving average of $14.72.

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Companies: KB Home (KBH)

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