KB Home Doesn't Predict Big Hit from California Wildfires But Rebuild Will Take Time -- Market Talk

Dow Jones

Jan 15, 2025

1332 ET - KB Home CEO Jeffrey Mezger says it will take a long time to rebuild from the devastation littered throughout Southern California. "There's going to be a lot of challenges here on utility crews to rebuild infrastructure. We have assumptions in our community openings and maybe a community loses another couple of months...because we can't get power," says Mezger. "That may be a potential, but I don't see a big hit to labor or material necessarily." California represents about a third of the homebuilder's business. The disaster in Los Angeles could prove the most expensive fire in modern global history, and the damage will continue as the wildfires have yet to be fully contained. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

January 14, 2025 13:32 ET (18:32 GMT)

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We have assumptions in our community openings and maybe a community loses another couple of months...because we can't get power,\" says Mezger. \"That may be a potential, but I don't see a big hit to labor or material necessarily.\" California represents about a third of the homebuilder's business. The disaster in Los Angeles could prove the most expensive fire in modern global history, and the damage will continue as the wildfires have yet to be fully contained. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 14, 2025 13:32 ET (18:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KB Home Doesn't Predict Big Hit from California Wildfires But Rebuild Will Take Time -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKB Home Doesn't Predict Big Hit from California Wildfires But Rebuild Will Take Time -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-15 02:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1332 ET - <a href=\"https://laohu8.com/S/KBH\">KB Home</a> CEO Jeffrey Mezger says it will take a long time to rebuild from the devastation littered throughout Southern California. \"There's going to be a lot of challenges here on utility crews to rebuild infrastructure. We have assumptions in our community openings and maybe a community loses another couple of months...because we can't get power,\" says Mezger. \"That may be a potential, but I don't see a big hit to labor or material necessarily.\" California represents about a third of the homebuilder's business. The disaster in Los Angeles could prove the most expensive fire in modern global history, and the damage will continue as the wildfires have yet to be fully contained. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 14, 2025 13:32 ET (18:32 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503071505","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503071505","pubTimestamp":1736879520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1332 ET - KB Home CEO Jeffrey Mezger says it will take a long time to rebuild from the devastation littered throughout Southern California. \"There's going to be a lot of challenges here on utility crews to rebuild infrastructure. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","KB":"韩国国民银行","BK4088":"住宅建筑","KBH":"KB Home","BK4588":"碎股","BK4585":"ETF&股票定投概念","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"KB Home预计加州野火不会造成重大打击，但重建需要时间——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KB":1,"KBH":1,"CFA.SI":1},"content_text":"1332 ET - KB Home CEO Jeffrey Mezger says it will take a long time to rebuild from the devastation littered throughout Southern California. \"There's going to be a lot of challenges here on utility crews to rebuild infrastructure. We have assumptions in our community openings and maybe a community loses another couple of months...because we can't get power,\" says Mezger. \"That may be a potential, but I don't see a big hit to labor or material necessarily.\" California represents about a third of the homebuilder's business. The disaster in Los Angeles could prove the most expensive fire in modern global history, and the damage will continue as the wildfires have yet to be fully contained. (denny.jacob@wsj.com; @pennedbyden) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 14, 2025 13:32 ET (18:32 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}