KB Home - KBH STOCK NEWS

KB Home (NYSE: KBH) has announced the grand opening of The Willows, a new residential community in Auburn, Washington. The development offers personalized one- and two-story homes starting from the mid $700,000s, featuring up to six bedrooms and four baths. Located at Southeast 304th Street and 125th Place Southeast, the community provides easy access to major transportation routes and is within walking distance to schools.

The homes include modern kitchens, great rooms, expansive bedroom suites with walk-in closets, and ample storage space. Community amenities include parks and open spaces. The location offers proximity to shopping at Kent Station, outdoor recreation areas, and major employment centers. All homes are ENERGY STAR® certified, meeting standards achieved by less than 10% of new homes nationwide.

KB Home announces the grand opening of Silver Lake Estates, a new-home community in Leesburg, Florida. The community offers personalized, one- and two-story homes with up to six bedrooms and three baths, priced from the $290,000s. Located near downtown Leesburg, the community provides easy access to shopping, dining, and outdoor recreation.

Key features include:

• Modern kitchens overlooking large great rooms
• Expansive bedroom suites with walk-in closets
• Lofts
• Proximity to Highway 44 and US-441
• ENERGY STAR® certification

KB Home emphasizes building strong relationships with customers, offering a unique homebuying experience through their KB Home Design Studio. The company is ranked #1 in customer satisfaction among national homebuilders based on third-party surveys.

KB Home (NYSE: KBH) has been awarded the 2024 WaterSense Sustained Excellence Award by the U.S. Environmental Protection Agency (EPA) for the 14th consecutive year. This makes KB Home the only national homebuilder to receive this prestigious honor, highlighting its leadership in building highly water-efficient homes.

The company has built over 21,800 WaterSense labeled and Water Smart homes, installing more than 1.1 million WaterSense labeled fixtures. KB Home estimates its homes conserve approximately two billion gallons of water annually. The company has committed to building all future communities in Arizona, California, and Nevada to EPA's highest water-efficiency standard, WaterSense.

KB Home's sustainability efforts have also been recognized by Newsweek and USA Today, with the company being named to America's Most Responsible Companies list and ranked in the top five percent of America's Climate Leaders, respectively.

KB Home announces the grand opening of Cypress Point, a new gated community in Oceanside, California. The community offers personalized, two-story homes with four bedrooms and two-and-a-half baths, priced from the low $900,000s. Located just minutes from popular beaches and walking distance to local schools, Cypress Point features modern designs tailored for contemporary living.

KB Home's unique approach allows homebuyers to customize their homes through the KB Home Design Studio. The company is recognized as the #1 customer-ranked national homebuilder based on satisfaction surveys. Homes in Cypress Point are designed to be ENERGY STAR® certified, offering greater comfort and utility cost savings. The community is situated in a commuter-friendly location near Highway 76 and Interstate 5, providing easy access to major employment centers and recreational areas.

KB Home has announced the grand opening of Winslow Ridge, a new community in Poulsbo, Washington. The development offers personalized one- and two-story homes with up to six bedrooms and four baths, priced from the low $600,000s. The community features amenities like trails and open space, and is within walking distance to schools.

Winslow Ridge is located on Rhododendron Lane Northwest, near major highways providing access to ferries to Edmonds and downtown Seattle. The neighborhood is close to shopping, dining, and outdoor recreation opportunities at Olympic National Park and Forest.

KB Home emphasizes building strong relationships with customers, offering a unique homebuying experience through their KB Home Design Studio. The company is committed to energy efficiency, with homes designed to be ENERGY STAR® certified, offering greater comfort and utility cost savings.

KB Home announces the grand opening of Maple Hill, its newest community in Caldwell, Idaho. The development offers personalized, spacious homes with mountain views, priced from the mid $300,000s. Homes feature up to five bedrooms and three baths, with modern kitchens, large great rooms, and bedroom suites with walk-in closets.

Community amenities include a park, playground, barbeque area, and walking paths. The location provides easy access to highly rated schools and is conveniently situated near Interstate 84, Highway 20, and Highway 26. KB Home emphasizes customer satisfaction, offering a unique homebuying experience with personalized options and energy-efficient designs. The homes are ENERGY STAR® certified, a standard met by fewer than 10% of new homes nationwide.

KB Home (NYSE: KBH) has announced the election of Cheryl J. Henry to its Board of Directors on October 10, 2024. Henry, the former President, CEO, and Chairwoman of Ruth's Hospitality Group, Inc., will also serve on the Board's Nominating and Corporate Governance Committee. Her initial term will conclude at KB Home's 2025 Annual Meeting of Stockholders, where she will be up for shareholder vote.

Henry brings extensive operational and marketing experience from her various senior roles at Ruth's Chris Steak House, including Chief Operating Officer before becoming CEO. She previously served as Chief of Staff for the Mayor of Orlando and currently sits on the board of directors of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL).

Jeffrey Mezger, Chairman and CEO of KB Home, expressed enthusiasm about Henry's addition to the board, citing her executive-level experience in the consumer sector and her strong network in Florida, particularly in Orlando, which is an important market for the company.

KB Home (NYSE: KBH) announced that Jeff J. Kaminski, Executive Vice President and Chief Financial Officer, will retire in early 2025 after more than 14 years in the position. Kaminski will continue as CFO through the filing of KB Home's 2024 Annual Report and assist with the transition. The company is following its succession planning process to identify the next CFO.

Chairman and CEO Jeffrey Mezger praised Kaminski's contributions, highlighting his role in improving the company's financial structure and driving the returns-focused growth strategy. Mezger noted that under Kaminski's leadership, KB Home has strengthened its balance sheet, achieved low debt-to-capital ratio, and generated substantial cash, resulting in significant stockholder returns.

Kaminski expressed gratitude for his time at KB Home, describing it as the highlight of his career. He expressed confidence in the company's future as a leading national homebuilder.

KB Home has announced the grand opening of Sunflower, a new townhome community in Anaheim, California. This development offers a rare opportunity to own a new home in a prime location close to Orange County's attractions and beaches, with prices starting from the mid $700,000s. The three-story townhomes feature up to four bedrooms and three-and-a-half baths, designed with modern amenities and ample storage space.

Sunflower is situated in a commuter-friendly location at the corner of Lincoln Avenue and Sunkist Street, providing easy access to major highways and job centers. The community is within walking distance to schools and parks, and close to shopping, dining, and entertainment options. KB Home emphasizes personalization, energy efficiency, and customer satisfaction in their homebuilding process.