Welcome to our dedicated page for KB Home news (Ticker: KBH), a resource for investors and traders seeking the latest updates and insights on KB Home stock.
KB Home (NYSE: KBH) is a leading homebuilding company in the United States, renowned for its commitment to sustainability and customer-centric approach. Founded in 1957, KB Home was the first homebuilder to be listed on the New York Stock Exchange. Over the decades, the company has constructed nearly 600,000 homes, catering to families across the nation.
KB Home’s core business involves building single-family homes and developing communities in diverse geographical segments, including the West Coast, Southwest, Central, and Southeast regions of the U.S. The company primarily serves first-time and move-up homebuyers, offering a personalized homebuilding experience. Buyers can choose their lot location, floor plan, décor choices, design features, and other special touches, making each home unique and tailored to individual preferences.
As an industry leader in sustainability, KB Home constructs innovative and highly energy- and water-efficient homes. This commitment not only helps in reducing environmental impact but also provides cost savings to homeowners. The company’s dedication to green building practices has positioned it at the forefront of sustainable construction in the residential sector.
In addition to its homebuilding operations, KB Home engages in financial services through a joint venture providing mortgage banking services. The company's comprehensive approach ensures that homebuyers have a seamless and supportive experience from the start of their home search to obtaining financing and finally moving into their new home.
Recently, KB Home has focused on expanding its land acquisition and development activities to support future building projects. This strategic investment aims to secure a robust pipeline of new homes, meeting the ongoing demand in the housing market.
Stay updated with the latest developments and achievements from KB Home by visiting their official website or connecting on social media platforms like Facebook and Twitter.
The board of directors of KB Home (NYSE: KBH) has announced a quarterly cash dividend of $.15 per share on its common stock. This dividend is payable on February 16, 2023, to stockholders of record on February 2, 2023. KB Home, a leading homebuilder in the United States, has a strong reputation for energy-efficient homes and exceptional customer satisfaction. The company has built over 670,000 homes over its 65-year history, emphasizing personalized homebuilding and customer relationships.
KB Home, a leading U.S. homebuilder, has launched its first virtual new-home community in the metaverse, specifically on the Decentraland platform. This innovative project aims to engage the next generation of homebuyers by allowing them to personalize virtual model homes through advanced technology. The community features a welcome pavilion and three distinct architectural styles, offering options for customizing flooring, cabinets, and more. KB Home emphasizes its legacy of innovation, partnering with The Metaverse Group to enhance customer experiences. This initiative positions the company at the forefront of digital leadership in homebuilding.
KB Home reported a 16% increase in fourth quarter revenues to $1.94 billion and a 29% rise in diluted EPS to $2.47. For the full year, net income surged 45% to $816.7 million, while diluted EPS grew 51% to $9.09. Despite these gains, net orders fell 80% year-over-year, reflecting challenges from high mortgage rates and inflation, with a cancellation rate of 68%. The company holds a backlog worth $3.69 billion. 2023 guidance anticipates housing revenues between $5.00 billion to $6.00 billion.
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