Chandler City Council on May 8 went against recommendations by the Planning and Zoning Commission and approved a housing development near Chandler Municipal Airport. The proposal, dealing with the city’s pressing development issues of growth near the airport and balance of retail in the city, was approved on a 4-3 vote, a rare split. Council members Trinity Donovan, Nora Ellen and Kevin Hartke voted against it. The character of the area has changed, and there is already sufficient employment and retail available, attorney Mike Curley, who represents KB Home (NYSE:KBH), said during the meeting. KB Home (NYSE:KBH) net profit margin is 2.40% and weekly performance is -5.15%. On last trading day company shares ended up $15.85. Analysts mean target price for the company is $19.50. KB Home (NYSE:KBH) distance from 50-day simple moving average (SMA50) is -8.45%.
“If you ask people why they’re buying a home in Irvine, the No. 1 answer is the school district,” Haddad, who co-owns FivePoint with Lennar Corporation (NYSE:LEN), said in an interview at Bloomberg News’s Los Angeles office. Among the five public high schools in the city, 40 miles southwest of Los Angeles, three are rated 10 and two are rated 9 on the GreatSchools index. The Irvine school district has agreed to deliver a new $250 million high school by 2016 on land Haddad set aside in his development. Lennar Corporation (NYSE:LEN) shares advanced 0.03% in last trading session and ended the day on $38.40. LEN Gross Margin is 14.30% and its return on assets is 5.00%. Lennar Corporation (NYSE:LEN) quarterly performance is -7.98%.
DR Horton, Inc. (NYSE:DHI) was issued a $1,961,000 permit for site development at 63 Club House Drive. D.R. Horton, Inc. (NYSE:DHI) shares moved down -0.99% in last trading session and was closed at $22.01, while trading in range of $21.94 – $22.43. D.R. Horton, Inc. (NYSE:DHI) year to date (YTD) performance is -1.21%.
Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, announced that senior management will be presenting at the 7th Annual J.P. Morgan Homebuilding & Building Products Conference on Wednesday, May 14, 2014 at 2:45 p.m. ET. Hovnanian Enterprises, Inc. (NYSE:HOV) ended the last trading day at $4.48. Company weekly volatility is calculated as 2.68% and price to cash ratio as 2.03. Hovnanian Enterprises, Inc. (NYSE:HOV) showed a negative weekly performance of -2.61%.
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