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.
KB Home (KBH) reported strong Q4 2024 results with revenues up 19% to $2.00 billion and diluted earnings per share increasing 36% to $2.52. Home deliveries rose 17% to 3,978 units, with average selling price up 3% to $501,000. The company's net orders increased 41% year-over-year.
For full-year 2024, revenues grew 8% to $6.93 billion with 14,169 homes delivered. The company invested over $2.8 billion in land acquisition and development, representing a 58% increase from the previous year. KB Home returned over $420 million to shareholders through repurchases and dividends, including the repurchase of 4,725,181 shares at $74.07 per share.
Looking ahead to 2025, KB Home projects housing revenues between $7.00-7.50 billion, with average selling price ranging from $488,000-$498,000. The company expects a homebuilding operating income margin of approximately 10.7% and housing gross profit margin between 20.0-21.0%.
KB Home (NYSE: KBH) has announced a change in its earnings release date for the fourth quarter and fiscal year ended November 30, 2024. The company has rescheduled the release to January 13, 2025, after market close, in observance of the National Day of Mourning for former President Jimmy Carter, which falls on the previously announced date.
A live webcast of the earnings conference call will be held on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors can access the webcast through the Investor Relations section of KB Home's website. The webcast recording will remain available for replay on the company's website for 30 days following the call.
KB Home (NYSE: KBH) has announced the grand opening of Vista Robles, its newest community in Banning, California. Located in Riverside County, the development offers personalized one- and two-story homes priced from the $490,000s.
The homes feature up to six bedrooms and four baths, set on large homesites with hillside locations and mountain views. The community will include three planned parks with walking paths and open space. Notable features include modern kitchens overlooking great rooms, bedroom suites with walk-in closets, and ample storage space.
Vista Robles is situated at the corner of Jackal Drive and West Gilman Street, offering easy access to Interstate 10, Highway 79, and Highway 60. The location provides proximity to shopping at Cabazon Outlets, entertainment at Morongo Casino Resort & Spa, and outdoor recreation including golf courses and hiking trails. The community is also a short drive from Palm Springs.
KB Home (NYSE: KBH) has announced the grand opening of Westcott Station, a new residential community in Sacramento, California. The development features two-story homes starting from the low $500,000s, offering three bedrooms and two-and-a-half baths. Located on Old Placerville Road east of Bradshaw Road, the community provides easy access to major highways and the Butterfield Light Rail Station.
The homes are designed with modern features including contemporary kitchens, large great rooms, and bedroom suites with walk-in closets. KB Home emphasizes personalization, allowing buyers to customize their homes through the KB Home Design Studio. The properties are ENERGY STAR certified, meeting standards achieved by less than 10% of new homes nationwide.
Residents will benefit from proximity to shopping, dining, and outdoor recreation areas including Lake Natomas and American River Parkway.
KB Home (NYSE: KBH) has announced it will release its fourth quarter and fiscal year 2024 earnings report after market close on January 9, 2025. The company will host a live webcast earnings conference call the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Investors can access the webcast through the Investor Relations section of KB Home's website. The webcast recording will remain available for replay on the company's website for 30 days following the call.
KB Home (NYSE: KBH), a leading U.S. homebuilder, has achieved a significant milestone by building 200,000 ENERGY STAR® certified homes, more than any other builder. This accomplishment underscores the company's dedication to energy efficiency, with KB Home recognized as the most energy-efficient national homebuilder. The company has achieved one of the lowest publicly reported national average Home Energy Rating System (HERS®) Index scores among large national homebuilders.
KB Home's energy-efficient homes have cumulatively reduced utility bills for homeowners by an estimated $1.3 billion and CO2 emissions by 8 billion pounds, equivalent to removing over 846,000 gasoline-powered passenger vehicles from the road for a year. The U.S. Environmental Protection Agency (EPA) has acknowledged KB Home’s efforts, awarding them the ENERGY STAR Partner of the Year Sustained Excellence Award for 14 consecutive years.
Additionally, KB Home has built over 26,000 WaterSense labeled homes, conserving approximately 2.1 billion gallons of water annually. The company has earned recognition under all EPA homebuilder programs, including ENERGY STAR, WaterSense, and Indoor airPLUS. KB Home has also been named to Newsweek's America’s Most Responsible Companies list for five consecutive years and USA Today's 2024 America’s Climate Leaders, ranking in the top 5% of all companies listed.
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KB Home (NYSE: KBH) has achieved a significant milestone by being named to Newsweek's America's Most Responsible Companies 2025 list. The company stands out as the highest-ranked national homebuilder and maintains the unique distinction of being the only homebuilder to receive this recognition for five consecutive years.
The selection process evaluated over 2,000 public companies based on key performance indicators from various corporate reports and included an independent survey of more than 17,000 U.S. residents. The final list features the top 600 most responsible companies across 14 industries. KB Home's commitment to sustainability spans over two decades, focusing on building efficient and affordable sustainable homes.
KB Home (NYSE: KBH) has announced the grand opening of Mill Bridge, a new residential community in Lake Stevens, Washington, offering two- and three-story homes starting from the $780,000s. The development features homes with up to five bedrooms and three-and-a-half baths, with some plans including walk-out basements.
The community will include two planned parks with children's play structures and walking paths. Located near Highway 9, Highway 2, and Interstate 5, Mill Bridge provides easy access to Seattle-area employment centers. The development is also close to Lake Stevens, the Pilchuck River, and various shopping and entertainment venues.
Homes are designed to be ENERGY STAR® certified and feature modern amenities like spacious kitchens, great rooms, and expansive bedroom suites with walk-in closets.
KB Home has announced the grand opening of Aster Ridge, a new townhome community in Durham, North Carolina, with prices starting from the $290,000s. The development features two-story floor plans with up to three bedrooms and two-and-a-half baths, modern kitchens, and expansive bedroom suites. Community amenities include a dog park and walking paths.
Located off Cheek Road with easy access to Interstate 85, the community offers convenient proximity to Research Triangle Park, downtown Durham, Duke University, and Raleigh-Durham International Airport. Residents will enjoy nearby outdoor recreation at Eno River State Park and Sarah P. Duke Gardens, as well as shopping and entertainment at The Streets at Southpoint.
KB Home (NYSE: KBH) announces the grand opening of Hamilton Park in Elk Grove, California. The new community offers personalized two-story homes priced from the low $500,000s, featuring up to five bedrooms and three baths. Located on Elk Grove Florin Road south of Sheldon Road, the development provides easy access to major highways and Sacramento's key attractions.
The homes include modern kitchens, large great rooms, bedroom suites with walk-in closets, and are ENERGY STAR certified. The community's location offers proximity to schools, parks, shopping at Delta Shores, and entertainment venues. KB Home's unique selling point is their personalized approach, allowing customers to customize their homes through the KB Home Design Studio experience.
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