Financial Results, Sale Completions, Upcoming Earnings, and Esteemed Recognitions - Analyst Notes on KB Home, Lennar, D.R. Horton, Tri Pointe Homes and Ryland

NEW YORK, July 2, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding KB Home (NYSE: KBH), Lennar Corporation (NYSE: LEN), D.R. Horton, Inc. (NYSE: DHI), Tri Pointe Homes, Inc. (NYSE: TPH) and Ryland Homes (NYSE: RYL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4360-100free.

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KB Home Analyst Notes
On June 27, 2014, KB Home reported its Q2 FY 2014 financial results (period ended May 31, 2014). Total revenues increased 7.7% YoY to $565.0 million. The significant increase was attributable to the growth in the Company's housing revenues from higher average selling prices. Quarterly net income came in at $26.6 million, or $0.27 per diluted share, compared with quarterly net loss of $3.0 million, or $0.04 per diluted share, in Q2 FY 2013. According to the Company, the substantial increase in net income came from the higher revenues, expanded housing gross profit margin, and improved selling, and general and administrative expense ratio. Jeffrey Mezger, President and CEO, KB Home, said, "Reflecting the strong operational foundation we have established through the effective execution of our core strategies, we extended our trend of generating solid earnings improvement in the second quarter, and remain focused on accelerating profitable growth." The full analyst notes on KB Home are available to download free of charge at:

http://www.analystsreview.com/Jul-02-2014/KBH/report.pdf

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Lennar Corporation Analyst Notes
On June 26, 2014, Lennar Corporation (Lennar) reported its Q2 FY 2014 financial results (period ended May 31, 2014). Quarterly revenues increased 27.5% YoY to $1.8 billion, primarily due to a 12% increase in the number of home deliveries, which excludes unconsolidated entities, plus a 14% increase in the average sales price of homes delivered. Net earnings stood fairly flat at $137.7 million or $0.61 per diluted share, compared with $137.4 million or $0.61 per diluted share in Q2 FY 2013. Commenting on the results, Stuart Miller, CEO of Lennar, said, "The fundamentals of the homebuilding industry remain strong driven by high affordability levels, favorable monthly payment comparisons to rentals and overall supply shortages. Demand in most of our markets continues to outpace supply, which is constrained by limited land availability." The full analyst notes on Lennar are available to download free of charge at:

http://www.analystsreview.com/Jul-02-2014/LEN/report.pdf

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D.R. Horton, Inc. Analyst Notes
On June 27, 2014, D.R. Horton, Inc. (D.R. Horton) announced that it will release its Q3 FY 2014 financial results (period ended June 30, 2014) on July 24, 2014 before the market opens. The Company will host a conference call that same day at 10:00 a.m. ET. The call will be webcast and available at the Company's Investor Relations website, while its replay will also be accessible on the same day beginning 2:00 p.m. ET, until July 31, 2014, at the same location. The full analyst notes on D.R. Horton are available to download free of charge at:

http://www.analystsreview.com/Jul-02-2014/DHI/report.pdf

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Tri Pointe Homes, Inc. Analyst Notes
On June 16, 2014, Tri Pointe Homes, Inc. (Tri Pointe Homes), in connection with the proposed combination with Weyerhaeuser Real Estate Company (WRECO), announced the completion of the sale of $450 million principal amount in each of its Senior Notes due 2019 at a fixed interest rate of 4.375%, and Senior Notes due 2024 at a fixed interest rate of 5.875%, through a private placement. The Company informed that the private placement was upsized from an initial proposed aggregate size of $800 million. The gross proceeds from the offering have been deposited into separate escrow accounts by WRECO, and will be released substantially concurrently with the consummation of TRI Pointe's proposed combination with WRECO and satisfaction of certain other conditions. Upon release, the proceeds are expected to be used to make certain payments to Weyerhaeuser Company and for general corporate purposes. The Senior Notes will be subjected to a special mandatory redemption in the event that TRI Pointe's proposed combination with WRECO is not consummated on or before November 4, 2014. The full analyst notes on Tri Pointe Homes are available to download free of charge at:

http://www.analystsreview.com/Jul-02-2014/TPH/report.pdf

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Ryland Homes Analyst Notes
On June 25, 2014, Ryland Group Inc. (Ryland) announced that Ryland Homes received the ENERGY STAR Certified Homes Market Leader Award for its commitment to energy-efficient construction and diligence in protecting the environment. The award, formerly called the Leadership in Housing Award, recognizes organizations' work in promoting efficient construction. The Company said that its HouseWorks® program ensures the use of energy-efficient materials and features like low-E windows, ENERGY STAR® appliances, and low VOC paint. In 2013, Ryland Homes in Las Vegas built 403 ENERGY STAR® Certified new homes which resulted in a saving of $120,900 for homeowners on their monthly utility bills. The full analyst notes on Ryland are available to download free of charge at:

http://www.analystsreview.com/Jul-02-2014/RYL/report.pdf

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