KB Home Sets New Industry Record by Earning an Unprecedented 30 ENERGY STAR Market Leader Awards

Rhea-AI Summary

KB Home has set a new industry record by earning 30 EPA ENERGY STAR Market Leader Awards in 2024, more than any other homebuilder. This achievement reinforces KB Home's position as the #1 energy-efficient national homebuilder. The company has built over 196,000 ENERGY STAR certified homes, estimated to have reduced homeowners' utility bills by $1.3 billion and CO2 emissions by 7.6 billion pounds.

KB Home is the only national builder to have earned awards under all of EPA's homebuilder programs, including ENERGY STAR, WaterSense, and Indoor airPLUS. The company's sustainability efforts have also been recognized by Newsweek and USA Today on their respective lists of responsible and climate-leading companies.

Positive

• Set new industry record with 30 EPA ENERGY STAR Market Leader Awards in 2024
• Built over 196,000 ENERGY STAR certified homes, more than any other homebuilder
• Reduced homeowners' utility bills by an estimated $1.3 billion
• Reduced CO2 emissions by an estimated 7.6 billion pounds
• Recognized on Newsweek's 2024 America's Most Responsible Companies list
• Listed on USA Today's 2024 America's Climate Leaders list

Negative

• None.

Market Research Analyst

KB Home's achievement of 30 ENERGY STAR Market Leader Awards is a significant milestone in the homebuilding industry, but its immediate impact on the company's stock may be Here's why:

• While this recognition reinforces KB Home's position as a leader in energy-efficient homebuilding, it doesn't directly translate to immediate financial gains.
• The long-term benefits, however, could be substantial. As energy efficiency becomes increasingly important to homebuyers, KB Home's strong reputation in this area could lead to increased market share and customer loyalty.
• The company's claim of having built over 196,000 ENERGY STAR certified homes is impressive, potentially saving homeowners an estimated $1.3 billion in utility bills. This could be a strong selling point for cost-conscious consumers.
• The environmental impact, equated to removing 817,000 gasoline-powered vehicles from the road for a year, aligns with growing consumer interest in sustainable living.

For investors, this news underscores KB Home's commitment to sustainability and innovation, which could position the company well for future growth as the housing market increasingly values energy efficiency. However, the immediate stock impact may be minimal without accompanying financial data or sales projections.

Environmental Policy Expert

KB Home's unprecedented achievement in earning 30 ENERGY STAR Market Leader Awards signifies more than just corporate accolades; it represents a paradigm shift in the homebuilding industry. Here's what this means from an environmental policy perspective:

• By consistently exceeding ENERGY STAR standards, which only 10% of new homes nationwide meet, KB Home is effectively raising the bar for energy efficiency in residential construction.
• The company's leadership in adopting EPA's homebuilder programs (ENERGY STAR, WaterSense and Indoor airPLUS) demonstrates a holistic approach to sustainable homebuilding that addresses energy, water and air quality concerns.
• The estimated reduction of 7.6 billion pounds of CO2 emissions from KB Home's ENERGY STAR certified homes is a tangible contribution to climate change mitigation efforts.
• This achievement could potentially influence policy makers to consider more stringent energy efficiency standards for new home construction, using KB Home's success as a benchmark.

While the immediate stock impact may be , KB Home's leadership in sustainable homebuilding positions it favorably in a regulatory environment that's likely to become increasingly focused on energy efficiency and emissions reduction in the construction sector.

EPA’s recognition further affirms KB Home as the #1 energy-efficient national homebuilder, with a leadership position in 30 major housing markets

LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced that it has received a record 30 Environmental Protection Agency (EPA) ENERGY STAR^® Market Leader Awards in 2024, more than any other homebuilder. The recognition highlights the company’s long-standing commitment to building ENERGY STAR certified homes and further demonstrates its leadership position as the #1 energy-efficient national homebuilder.

KB Home sets a new industry record by earning an unprecedented 30 EPA ENERGY STAR Market Leader Awards in 2024, more than any other homebuilder. (Graphic: Business Wire)

As the leader in energy-efficient homebuilding, KB Home was the first national homebuilder to make a broad commitment to building ENERGY STAR certified homes, a standard that fewer than 10% of new homes nationwide meet, and KB Home has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership through monthly utility bill savings and is designed to deliver greater comfort and well-being than new homes without certification.

The Market Leader Award recognizes partners participating in EPA’s ENERGY STAR Residential New Construction program who have made a significant positive impact in energy-efficient construction and environmental protection by building ENERGY STAR certified homes and apartments. ENERGY STAR certified homes meet strict requirements set by the EPA, resulting in a home that is at least 10 percent more efficient than homes built to code.

“We are proud to once again lead the homebuilding industry by setting a new record with 30 EPA ENERGY STAR Market Leader Awards, more than any other homebuilder. This recognition further demonstrates our position as the most energy-efficient national homebuilder,” said Jeffrey Mezger, Chairman and Chief Executive Officer of KB Home. “We believe that an ENERGY STAR certified KB home is a better home, one that is more efficient and affordable to operate, and delivers on the enduring promise of the American Dream.”

“We congratulate our 2024 Market Leader Award winners for their continued leadership in bringing energy efficiency to the forefront of the residential new construction sector,” said Jonathan Passe, Manager of EPA’s ENERGY STAR Residential Branch. “These partners have truly made a significant positive impact in energy-efficient construction and environmental protection over the past year.”

To date, KB Home has built over 196,000 ENERGY STAR certified homes, more than any other homebuilder in the nation. These high-performance, energy-saving homes are estimated to have cumulatively reduced utility bills for their homeowners by $1.3 billion and the generation of CO₂ emissions by 7.6 billion pounds, the equivalent of removing over 817,000 gasoline-powered passenger vehicles from the road for one year.

The company has distinguished itself as the only national builder to have earned awards under all of EPA’s homebuilder programs, including ENERGY STAR, which establishes energy-efficiency standards, WaterSense^®, which outlines water-efficiency standards, and Indoor airPLUS, which focuses on indoor air quality. Additionally, KB Home’s sustainability leadership was recognized by Newsweek^® for the fourth year in a row on its prestigious 2024 America's Most Responsible Companies list and USA Today for a second consecutive year on its 2024 America’s Climate Leaders list.

For more information on KB Home’s sustainability initiatives, visit kbhome.com/sustainability.

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 markets, have built over 680,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR^® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

About ENERGY STAR

ENERGY STAR^® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations rely on their partnership with EPA to deliver cost-saving energy-efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $500 billion in energy costs and achieve more than 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR can be found at energystar.gov/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240729286021/en/

Craig LeMessurier, KB Home

925-580-1583

clemessurier@kbhome.com

Source: KB Home

FAQ

How many ENERGY STAR Market Leader Awards did KB Home (KBH) receive in 2024?

KB Home (KBH) received a record 30 ENERGY STAR Market Leader Awards in 2024, more than any other homebuilder.

How many ENERGY STAR certified homes has KB Home (KBH) built to date?

KB Home (KBH) has built over 196,000 ENERGY STAR certified homes to date, more than any other homebuilder in the nation.

What is the estimated reduction in utility bills for KB Home (KBH) ENERGY STAR certified homeowners?

KB Home (KBH) ENERGY STAR certified homes are estimated to have cumulatively reduced utility bills for their homeowners by $1.3 billion.

How much CO2 emissions reduction is attributed to KB Home's (KBH) ENERGY STAR certified homes?

KB Home's (KBH) ENERGY STAR certified homes are estimated to have reduced CO2 emissions by 7.6 billion pounds, equivalent to removing over 817,000 gasoline-powered passenger vehicles from the road for one year.