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 has announced the grand opening of two new-home communities, Oak Shade and Durango, located in the Shadow Mountain master plan in Menifee, California. These communities feature spacious single-family homes, with Oak Shade offering homes priced from the $470,000s and Durango from the $510,000s. The neighborhoods provide easy access to major employment centers and amenities like parks and recreational facilities. Future community enhancements will include a playground and sports fields. KB Home continues to emphasize personalized home designs and energy-efficient standards.
KB Home reported a 19% revenue increase to $1.72 billion for Q2 2022, with diluted EPS rising 55% to $2.32. Improved operating income margin reached 15.4%, while gross margin grew to 25.3%. Net order value rose 4% to $2.12 billion, and backlog value surged 43% to $6.12 billion, the highest second-quarter record in its history. The firm reaffirmed its fiscal 2022 guidance, expecting housing revenues between $7.30 billion and $7.50 billion, driven by a favorable pricing environment despite rising construction costs.
KB Home (NYSE: KBH) will announce its earnings for Q2 ended
KB Home (NYSE: KBH) has priced an offering of $350.0 million in 7.25% senior unsecured notes due 2030. The notes will be issued at a public offering price of 100.00% and are expected to yield net proceeds of approximately $345.5 million. The company plans to utilize the net proceeds for retiring its 7.5% Senior Notes due 2022 and for general corporate purposes. The offering is anticipated to close on June 22, 2022, pending customary conditions.
KB Home (NYSE: KBH) has initiated a public offering of $350 million in senior unsecured notes maturing in 2030. The notes will be guaranteed by its subsidiaries and proceeds will primarily be used to retire existing 7.5% Senior Notes due 2022 and for general corporate purposes. This offering aligns with KB Home's previous shelf registration statement filed with the SEC. The lead managers for the offering include major financial institutions such as Citigroup, BofA Securities, and Wells Fargo.
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