Homebuilders Are Pulling Back On Land -- Market Talk

Dow Jones

2025/09/30

1502 ET - Eroding margins are causing homebuilders to reduce land acquisitions as well as walk away from land option deals even as home sales start to pick up again, say Zelman & Associates analysts. In the second quarter, total lots controlled by the public builders Zelman covers fell 2%, the first sequential decline in more than two years, while public builder land impairment charges increased. Those trends will likely accelerate in the third quarter with KB Home already saying it walked away from 10% of its optioned lots in the quarter. That could limit long-term upside for builders if demand increases significantly above current levels, the analysts say. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

September 29, 2025 15:02 ET (19:02 GMT)

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In the second quarter, total lots controlled by the public builders Zelman covers fell 2%, the first sequential decline in more than two years, while public builder land impairment charges increased. Those trends will likely accelerate in the third quarter with <a href=\"https://laohu8.com/S/KBH\">KB Home</a> already saying it walked away from 10% of its optioned lots in the quarter. That could limit long-term upside for builders if demand increases significantly above current levels, the analysts say. 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In the second quarter, total lots controlled by the public builders Zelman covers fell 2%, the first sequential decline in more than two years, while public builder land impairment charges increased. Those trends will likely accelerate in the third quarter with KB Home already saying it walked away from 10% of its optioned lots in the quarter. That could limit long-term upside for builders if demand increases significantly above current levels, the analysts say. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4088":"住宅建筑","KBH":"KB Home","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"房屋建筑商正在撤回土地——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KBH":0.9},"content_text":"1502 ET - Eroding margins are causing homebuilders to reduce land acquisitions as well as walk away from land option deals even as home sales start to pick up again, say Zelman & Associates analysts. In the second quarter, total lots controlled by the public builders Zelman covers fell 2%, the first sequential decline in more than two years, while public builder land impairment charges increased. Those trends will likely accelerate in the third quarter with KB Home already saying it walked away from 10% of its optioned lots in the quarter. That could limit long-term upside for builders if demand increases significantly above current levels, the analysts say. (nicholas.miller@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 29, 2025 15:02 ET (19:02 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":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}