Stock market today: Dow, S&P 500, Nasdaq jump amid hopes of US-Iran talks as oil falls below $100

KB Home (KBH) stock fell over 2% in premarket trading after the homebuilder said the war in the Middle East was another factor weighing on the already challenged housing market.

“Concerns surrounding the conflict in the Middle East have introduced an additional layer of uncertainty for consumers who were already working through numerous challenges,” executive chairman Jeffrey Mezger said, adding that the homebuilder believes it is “well positioned to navigate the current environment.”

Mezger’s warning came along with a guidance cut for the full year. In 2026, KB Home said it expects to deliver between 10,000 and 11,500 homes and bill $4.80 billion to $5.50 billion in revenue. The previous guidance was for 11,000-12,500 homes and $5.10 billion-$6.10 billion in revenue.

In the near term, KB Home said depressed consumer confidence, elevated mortgage rates, and affordability pressures have stifled demand ahead of the crucial spring selling season.