KB Home

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects. The company was founded in 1957 and is headquartered in Los Angeles, CA.

Earnings data Q1 2021

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KB Home reports robust 2022 performance amidst challenges and opportunities

KB Home's strong financial performance in 2022 was accompanied by challenges like supply chain issues and lower net orders in the fourth quarter.
Efforts to reduce construction costs and protect backlog margins are key strategies to manage costs effectively and enhance operational efficiency.
Strategic pricing adjustments and a focus on maintaining gross margins amidst market challenges position KB Home for future growth and profitability.
With a robust backlog and opportunities for operational improvements, KB Home is poised to navigate challenges and capitalize on market opportunities in '23.

KB Home reports resilient Q1 results, eyes strategic growth

KB Home's Q1 performance reflects resilience with strong financial results and strategic market expansion.
Challenges include monitoring mortgage rate impacts and consumer behavior amidst economic changes.
Opportunities lie in cash flow optimization, selective land deals, and leveraging mortgage rate buy downs.
Overall, KB Home maintains a positive outlook for sales and profitability in the coming quarters.

KB Home surpasses Q2 expectations, eyes growth opportunities in '24

KB Home delivered a strong performance in Q2, exceeding revenue guidance and showcasing financial discipline and prudent management practices.
While facing challenges related to demand fluctuations and capital allocation, the company is well-positioned to capitalize on growth opportunities in '24.
With a focus on cost savings, energy efficiency, and strategic expansion efforts, KB Home aims to drive continued success and market leadership.
Anticipated improvements in sales pace, community count growth, and optimized asset utilization signal a positive outlook for KB Home's future performance.

KB Home exceeds Q3 targets, eyes growth amid supply challenges

KB Home's Q3 earnings call highlighted strong performance, solid financial position, and strategic focus on growth. Despite challenges in supply conditions, the company aims to capitalize on opportunities in the housing market and maintain momentum for a strong fourth quarter.

KB Home surpasses Q4 expectations, eyes growth amid improving market

KB Home had a robust Q4 performance, exceeding expectations with strong revenues and earnings. The company is optimistic about market recovery and potential margin improvement as mortgage rates decline. By focusing on built-to-order homes, managing costs, and responding to market demand, KB Home aims to sustain growth and shareholder value in 2024.

KB Home reports robust Q1 performance amidst market challenges

KB Home's Q1 2024 performance reflects strong revenue growth, operational efficiency, and strategic acceleration of starts.
Challenges include forecasting uncertainties, inflation impact on costs, and competitive land market conditions.
Opportunities lie in sustained performance, market dynamics, operational efficiencies, and flexible market targeting strategies.
Overall, KB Home's focus on growth, returns, and shareholder value positions it well for future success in the housing market.

KB Home Exceeds Q2 Expectations, Strong Growth Ahead

KB Home demonstrated a strong performance in Q2 2024, overcoming market volatility with significant revenue growth, stable margins, and strategic capital allocation. The company's focus on shareholder returns and robust operational metrics positions it well for sustained growth amid fluctuating market conditions.

KB Home reports robust Q3 earnings, eyes growth and efficiency

KB Home's Q3 performance reflects solid financial results, strong demand, and strategic investments in growth and operational efficiency.
The company's strengths in revenue projections, cost management, and customer focus position it well for future growth and profitability.
While facing challenges related to market dynamics and cost pressures, KB Home has opportunities to capitalize on market trends and enhance operational effectiveness for sustained success.

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HOUSTON--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Enclave at Bear Creek, a new, single-family home community in Katy. Enclave at Bear Creek is located near 1-10, Highway 6 and Grand Parkway for an easy commute to major Houston-area employment centers, including the Energy Corridor. Residents will enjoy nearby shopping and dining at Katy Mills shopping center, The Shoppes at Grand Crossing and Lakeland Village Center. The community is also close to Bear Creek Pioneers Park for a variety of outdoor recreation, including walking trails, picnic areas, fishing, playgrounds and sports fields.

KB Home Announces the Grand Opening of Enclave at Bear Creek, a New-Home Community in Katy, Texas

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Zillow

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KENT, Wash.--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Merryfield Estates, a new, single-family home community in highly desirable Kent, Washington. The new community is situated on Southeast 272nd Street near 108th Avenue, close to Highway 167, Highway 18, Interstate 5 and the Kent Sounder Train Station, providing easy access to the major employment centers in Seattle, Bellevue and Tacoma. Merryfield Estates is convenient to shopping, dining and entertainment at Kent Station and the accesso ShoWare® Center, which hosts sporting events and concerts. The community is minutes to outdoor recreation, including Tudor Square Park, which offers a children's playground, picnic area, ball fields and fitness equipment as well as Lake Meridian Park, which features boating, fishing, swimming and picnic areas. Merryfield Estates is also just a short drive to skiing and snowboarding at Snoqualmie Pass and hiking and mountain biking at Tiger Mountain.

KB Home Announces the Grand Opening of Merryfield Estates, a New-Home Community in Kent, Washington

SPRING VALLEY, Calif.--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Bluffs, a new, townhome community located in a highly desirable San Diego County neighborhood. Bluffs is situated at Atamite and Graphite Streets in Spring Valley, California, close to Highways 54, 94 and 125 and providing easy access to downtown San Diego and the area's major employment centers as well as Cuyamaca College and Sharp Grossmont Hospital. The new community is just a short drive to popular shopping, dining, entertainment and outdoor recreation at Sweetwater Summit Regional Park, which features fishing, hiking and camping. Bluffs is also walking distance to area schools and Sweetwater Place County Park, which hosts an amphitheater, picnic area, walking trails and playgrounds.

KB Home Announces the Grand Opening of Bluffs, a New Townhome Community in Spring Valley, California

CLOVIS, Calif.--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Legacy at Highland, a new, single-family home community in Clovis, California. The community is situated on Flint Avenue just west of North Highland Avenue, providing easy access to Highways 180 and 168 as well as downtown Fresno and the area's major employment centers. Legacy at Highland is zoned for the desirable Clovis Unified School District and walking distance to several community parks. The community is close to shopping, dining and popular entertainment at the historic Crest Theatre, Fresno Chaffee Zoo, Forestiere Underground Gardens and Warnors Center for the Performing Arts. Homeowners will also appreciate the proximity to Kings Canyon, Sequoia and Yosemite National Parks, which are just a short drive away and offer year-round outdoor recreation.

KB Home Announces the Grand Opening of Legacy at Highland, a New-home Community in Clovis, California

LAS VEGAS--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Nighthawk, a new-home community situated in the prestigious Summerlin master plan in Las Vegas. Nighthawk at Summerlin is conveniently situated on Fox Hill Drive and Redpoint Drive just off Interstate 215 and minutes away from premier shopping, dining and entertainment at Downtown Summerlin and Red Rock® Casino Resort & Spa. The homes are also close to recreation and sporting venues, including Red Rock Canyon, City National Arena® and Las Vegas Ballpark. Homeowners will also appreciate being walking distance to Summerlin's planned 95-acre Grand Park and Redpoint Square, a mixed-use urban core, which will host retail and dining experiences.

KB Home Announces the Grand Opening of Nighthawk, a New Community Located Within the Prestigious Summerlin Master Plan in Las Vegas

LAS VEGAS--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Talus at Kyle Canyon, a gated, master-planned community in highly desirable northwest Las Vegas. The homebuilder's Landings and Reserves at Talus at Kyle Canyon communities are ideally located at Kyle Canyon Road and West Frontage Road, just off Interstate 95, providing easy access to the Las Vegas Strip and the area's major employment centers, including Creech Air Force Base. Homeowners will appreciate the proximity to several area parks and popular shopping and dining at Skye Canyon Marketplace. Talus at Kyle Canyon is also a short drive to popular golf courses and outdoor recreation, including hiking, mountain biking and skiing at Mount Charleston.

KB Home Announces the Grand Opening of Two New Communities at Talus at Kyle Canyon, a Gated Master Plan in Highly Desirable Northwest Las Vegas

NUEVO, Calif.--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of two new communities within the homebuilder's Nuevo Meadows master plan in the popular Riverside County town of Nuevo. Brisa and Cielo at Nuevo Meadows are conveniently situated at Nuevo Road and Lakeview Avenue near Highway 74, Interstate 215 and the Metrolink® rail service. The new communities are a short drive to shopping, dining and entertainment in downtown Perris and near hiking, biking, camping, boating and fishing at Diamond Valley Lake, one of the largest reservoirs in Southern California. Residents will also enjoy the community's planned amenities, which will include a 3.5-acre park with picnic areas and ball fields.

KB Home Announces the Grand Opening of Two New Communities Within the Popular Nuevo Meadows Master Plan in Nuevo, California

HOUSTON--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Marvida Trails, a new, single-family home community in Cypress. Marvida Trails is located within Marvida, a desirable 850-acre master plan that is close to FM-529, the Grand Parkway, Sam Houston Tollway and Highway 290 for an easy commute to major Houston-area employment centers. The community is zoned for the Cypress-Fairbanks Independent School District.

KB Home Announces the Grand Opening of Marvida Trails, a New-Home Community Within a Highly Desirable Master Plan in Cypress, Texas

MORENO VALLEY, Calif.--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Auburn, a new community of single-family homes in popular Moreno Valley, California. Auburn is conveniently situated at the corner of Claire Avenue and Moreno Beach Drive, providing easy access to Highway 60, Interstate 215 and Riverside County's major job centers. The new community is minutes away from shopping, dining and entertainment, and camping, boating and fishing are nearby at Lake Perris State Recreation Area. Homeowners will also enjoy the community's close proximity to Riverside University Health System Medical Center, Kaiser Permanente® and March Air Reserve Base.

KB Home Announces the Grand Opening of Auburn, a New Community Located in Moreno Valley, California

WILDOMAR, Calif.--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of Verano, a new community of single-story homes in highly desirable Wildomar, California. Verano is conveniently situated on Hilltopper Way, just south of Bundy Canyon Road near Interstate 15. The new community is minutes away from shopping, dining and entertainment at Promenade Temecula and Menifee Countryside Marketplace as well as boating and fishing at nearby Lake Elsinore. Residents will also enjoy the community's close proximity to Inland Valley Medical Center®, Kaiser Permanente®, Loma Linda University Medical Center and Mount San Jacinto College.

KB Home Announces the Grand Opening of Verano, a New Community Located in Popular Wildomar, California

WILMINGTON, Del.--( BUSINESS WIRE )--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities violations and breach of fiduciary duty claims against KB Home (“KB Home” or the “Company”)(NYSE: KBH).

KB HOME SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating KB Home For Potential Securities Violations and Breaches of Fiduciary Duty - KBH

WINCHESTER, Calif.--( BUSINESS WIRE )--KB Home (NYSE: KBH) today announced the grand opening of two new communities within the homebuilder's Olivebrook master plan in the popular Riverside County town of Winchester. Cheyenne and Rock Meadows at Olivebrook are conveniently situated at Olive Avenue and Leon Road, south of Highway 74 between Highway 79 and Interstate 215. The new communities are just minutes away from shopping, dining and entertainment at Menifee Countryside Marketplace and Menifee Town Center and near hiking, biking, camping, boating and fishing at Diamond Valley Lake, one of the largest reservoirs in Southern California. Residents will also enjoy the community's close proximity to Loma Linda University Medical Center and Mount San Jacinto College.

KB Home Announces the Grand Opening of Two New Communities Within the Popular Olivebrook Master Plan in Winchester, California

CHARLOTTE, N.C.--( BUSINESS WIRE )--KB Home (NYSE: KBH), one of the largest and most recognized homebuilders in the United States, today announced the debut of its new-home community in the Charlotte area. The Hills, a new, single-family home community in Huntersville, is conveniently located near I-77 South for an easy commute to uptown Charlotte. Residents will enjoy the community's proximity to Lake Norman and Blythe Landing Park for outdoor recreation. The community is also just minutes away from two of Charlotte's premier golf courses, NorthStone Country Club and Skybrook Golf Club, and a short drive to Discovery Place Kids, Huntersville Family Fitness and Aquatics Center and Holbrook Park, which offer a variety of family friendly activities.

KB Home Announces the Debut of The Hills, a New-Home Community in Huntersville, North Carolina

KB Home Announces the Grand Opening of Deer Run Estates, a New-Home Community in St. Cloud, Florida

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KB Home Announces the Grand Opening of Cascade Valley at Its Popular Cobblestone Master Plan in Plumas Lake, California

SunPower

LOS ANGELES--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home launches first microgrid communities in California.

KB Home Launches First Microgrid Communities in California

Edison

SunPower, KB Home, University of California, Irvine, Schneider Electric, Southern California Edison and Department of Energy team up to create a blueprint for new home communities of the future Neighborhoods use solar systems paired with battery storage to create a self-supporting microgrid for sustainable, reliable, grid-supporting energy source RICHMOND, Calif. , Nov. 2, 2022 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR), University of California, Irvine (UCI), Schneider Electric, and Southern California Edison (SCE) announced their partnership with KB Home (NYSE: KBH), as the strategy, research, technology, and energy providers for the homebuilder's newly launched Energy-Smart Connected Communities in Menifee, California.

SunPower and Energy Leaders Join Forces to Power KB Home's New All Electric, Solar-and Battery-Powered Microgrid Communities

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Lennar

M.D.C. Holdings

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Demand within the US housing market has effectively “cratered” as mortgage rates surged to their highest level in decades, Raymond James analysts warned in a recent note to clients.

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AUSTIN, Texas--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of Centerpoint Meadows, a new-home community in Lockhart, Texas.

KB Home Announces the Grand Opening of Centerpoint Meadows, a New-Home Community in Lockhart, Texas

Raymond James analysts Buck Horne and Tousley Hyde on Friday downgraded shares of KB Home KBH, -0.60% , Lennar Corp. LEN, -1.26% , M.D.C. Holdings Inc. MDC, +0.31% , PulteGroup Inc. PHM, -1.53% and Toll Brothers Inc. TOL, -1.52% to market perform and cut their rating on D.R.Horton to outperform from strong buy.

Raymond James downgrades homebuilder stocks as 7% mortgage rates 'cripple' housing affordability

KB Home Announces the Grand Opening of Preserve at Jones Dairy, a New-Home Community in Rolesville, North Carolina

LOS ANGELES--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home wins 2022 WaterSense® Sustained Excellence Award, the only national homebuilder to receive this prestigious honor.

KB Home Wins 2022 Watersense Sustained Excellence Award, the Only National Homebuilder to Receive This Prestigious Honor

LOS ANGELES--(BUSINESS WIRE)---- $KBH #dividend--Q4 Dividend Release

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