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 Red Bend, a new community in southwest Las Vegas. The development offers personalized, two-story homes priced from the $480,000s, featuring up to five bedrooms and four baths. Located at West Sunset Road and South Dapple Gray Road, Red Bend provides easy access to major highways, employment centers, and attractions.
The community boasts proximity to family-friendly parks, world-class resorts, and outdoor recreational areas like Red Rock Canyon. KB Home emphasizes its unique homebuying process, allowing customers to personalize their homes through the KB Home Design Studio. The company is recognized as the #1 customer-ranked national homebuilder based on satisfaction surveys.
KB homes at Red Bend are designed to be ENERGY STAR® certified, offering greater comfort and utility cost savings. The sales office and model homes are now open for visits and tours, with flexible options for prospective buyers to explore the community.
KB Home has announced the grand opening of West Magnolia, a new community of two-story homes in Marysville, Washington. Priced from the $670,000s, these homes offer up to five bedrooms and three baths, with modern features like large great rooms and expansive bedroom suites. The community will include amenities such as a park and open space.
West Magnolia is located near Highway 9 and Interstate 5, providing easy access to Seattle-area employment centers, including Boeing's Everett facility. The neighborhood is close to shopping, dining, and outdoor recreation opportunities. KB Home's unique approach allows homebuyers to personalize their new home through the KB Home Design Studio experience.
The homes are designed to be ENERGY STAR® certified, offering greater comfort and utility cost savings. Interested buyers can visit the sales office and model homes for walk-in visits or arrange private tours and live video tours.
KB Home has announced the grand opening of Bellbrooke, a new-home community in Jacksonville, Florida. The community offers personalized, spacious homes priced from the $290,000s, with planned on-site amenities including a children's playground and dog park. The one- and two-story floor plans feature up to five bedrooms and three-and-a-half baths, with no CDD fees.
KB Home's unique approach allows customers to personalize their homes through the KB Home Design Studio. The company is ranked #1 in customer satisfaction among national homebuilders. Bellbrooke is conveniently located near schools, major employers, and Naval Air Station Jacksonville, with easy access to shopping, dining, and outdoor recreation areas.
The homes are designed to be ENERGY STAR® certified, offering greater comfort and utility cost savings. The grand opening celebration is scheduled for Saturday, Sept. 28, from 11 a.m. to 1 p.m., featuring model home tours and complimentary food.
KB Home (NYSE: KBH) reported strong results for its third quarter ended August 31, 2024. Revenues increased 10% to $1.75 billion, with homes delivered up 8% to 3,631. Diluted earnings per share grew 13% to $2.04, driven by higher net income and the impact of stock repurchases. The company experienced variability in demand across the quarter, with softening in late June through July due to elevated mortgage rates and economic concerns. However, demand improved in August as rates moderated.
KB Home continued to balance growth investments with shareholder returns, increasing land acquisition and development investment by over 50% year-over-year to nearly $850 million, while also repurchasing $150 million of common stock. The company's backlog value stood at $2.92 billion, with 5,724 homes. KB Home maintained a strong liquidity position of $1.46 billion and improved its debt to capital ratio to 29.8%.
KB Home (NYSE: KBH) has been named to Newsweek's 2024 list of World's Most Trustworthy Companies. This recognition, presented by Newsweek and Statista Inc., highlights KB Home's commitment to customer satisfaction, trust, integrity, and collaboration. The list recognizes 1,000 companies across 23 industries and 20 countries, based on an independent survey of over 70,000 participants and 230,000 evaluations.
The ranking evaluates companies on three aspects of trust: Customer Trust, Investor Trust, and Employee Trust. Jeffrey Mezger, Chairman and CEO of KB Home, expressed honor at the recognition, emphasizing the company's dedication to turning the dream of homeownership into reality for thousands of families. KB Home is known as one of the largest and most trusted homebuilders in the U.S.
KB Home (NYSE: KBH) has announced the grand opening of Rhythm, a new townhome community in Long Beach, California. This rare opportunity offers spacious homes close to popular beaches and the Long Beach waterfront, priced from the low $700,000s. The three-story floor plans feature up to four bedrooms and three-and-a-half baths, with modern kitchens, great rooms, and bedroom suites with walk-in closets. Some units are designed for small business owners to operate from home.
Rhythm is located at the corner of Atlantic Avenue and 59th Street, near major highways and employment centers. The community offers electric vehicle charging stations and is within walking distance of local schools. KB Home emphasizes personalization, energy efficiency, and customer satisfaction, being ranked as the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys.
KB Home (NYSE: KBH) has announced the release date for its 2024 third quarter earnings. The company will disclose its financial results for the quarter ended August 31, 2024, after the market closes on Tuesday, September 24, 2024. A live webcast of the earnings conference call is scheduled for the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Interested parties can access the webcast through the Investor Relations section of KB Home's website. The earnings call recording will be available for replay on the company's website for 30 days following the event.
KB Home has announced the grand opening of Farmlore Villas, its newest community within a premier master plan in Brighton, Colorado. The low-maintenance, two-story paired homes offer up to five bedrooms and three-and-a-half baths, with prices starting from the mid $400,000s. The community features planned resort-style amenities, including a recreation center, outdoor pool, on-site elementary school, parks, sports fields, and over 11 miles of trails.
Homebuyers can personalize their new homes at the KB Home Design Studio. The community is located near the Prairie Center Shopping Center and offers easy access to major highways, downtown Denver, and Denver International Airport. KB Home emphasizes energy efficiency, with homes designed to be ENERGY STAR® certified.
KB Home has announced the grand opening of Overlook Ranch, a new-home community in Georgetown, Texas. The community offers personalized, spacious homes priced from the mid $300,000s, featuring:
- One- and two-story floor plans with up to five bedrooms and three-and-a-half baths
- Modern kitchens overlooking large great rooms
- Expansive bedroom suites with walk-in closets
- ENERGY STAR® certification for greater comfort and utility cost savings
Located near local schools, universities, shopping, dining, and outdoor recreation, Overlook Ranch provides easy access to Highways 35, 29, and 130. KB Home's unique approach allows homebuyers to personalize their homes through the KB Home Design Studio experience.
KB Home has announced the grand opening of Enclave, its newest community within the Crossroads West master plan in Riverbank, California. The new homes offer:
- One- and two-story floor plans with up to five bedrooms and three-and-a-half baths
- Modern kitchens, large great rooms, and bedroom suites with walk-in closets
- Community amenities including parks, walking and biking paths, a playground, and a planned sports complex
- Proximity to local schools and shopping centers
- Prices starting from the low $500,000s
KB Home emphasizes personalization, allowing homebuyers to customize their homes through the KB Home Design Studio. The company is committed to energy efficiency, with homes designed to be ENERGY STAR® certified.
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