KB Home Takes the Housing Stocks Down (KBH, DHI, TOL)

KB Home (NYSE:KBH) shares hit a new 52-week low today of $11.08 and its disappointing Q2 results are also impacting D.R. Horton, Inc. (NYSE:DHI) and Toll Brothers, Inc. (NYSE:TOL).

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KB Home shares are being punished after the company cited the end of the incentive and an overall weak economy as reasons for its 23% decline in new orders.

KBH shares are trading at $11.19, down -8.43% or $-1.03 and volume is heavy at 8,902,011 shares traded heading into the close.  KB Home 's (KBH) current market cap is just $985 million and its shares are now -84.99% below its 52-week high.

Toll Brothers Inc. (TOL) , the biggest luxury-home builder, reported last week that orders were running about 20 percent behind year-earlier levels since its May 26 earnings release.

Over the past 12 months Toll Brothers Inc (TOL) shares have traded between $15.19 and its 52-week high of $23.67.  Toll Brothers Inc shares are now trading with a P/E Ratio of 0 and EPS of -4.1.

Last but not least D.R. Horton Inc 's (DHI) shares are trading at $10.49, down -0.85% or $-0.09 on the negative housing sector news.   DHI's current market cap is $3.3 billion and its shares are now -47.19% below its 52-week high.