Most homebuilders saw their shares pop higher Tuesday after heavyweight Lennar released better-than-expected quarterly numbers -- but not KB Home. In fact, its shares actually fell. Here's why KB isn't invited to the housing recovery party.
U.S. builders started slightly fewer homes in October but submitted plans for a wave of apartments, a mixed sign for the struggling housing market. Ground was broken on a seasonally adjusted annual rate of 628,000 homes last month, roughly half the 1.2 million that economists equate with a healthy housing market.