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 reported strong fourth-quarter results for 2021, achieving total revenues of $1.68 billion, up 40%. Diluted earnings per share surged 71% to $1.91, with operating income margin improving 310 basis points to 12.8%. Net order value increased 12% to $1.77 billion, while ending backlog grew 67% to $4.95 billion. The return on equity reached 19.9%, an increase of 810 basis points. For 2022, the company expects revenues between $7.20 billion and $7.60 billion, with a projected return on equity exceeding 26%.
KB Home (NYSE: KBH) has announced the grand opening of Autumn Creek, a new community of single-story homes in Winchester, California, with prices starting from the low
KB Home has been recognized as the only national homebuilder on The Wall Street Journal's 2021 'Management Top 250' list, a ranking that evaluates over 846 publicly traded companies. This recognition reflects KB Home's commitment to customer satisfaction, employee engagement, innovation, social responsibility, and financial strength. Jeffrey Mezger, KB Home’s CEO, stated this honor underscores their dedication to delivering long-term value and sustainability. The company was also featured on Newsweek and Forbes' responsible companies lists.
KB Home (NYSE: KBH) will release its fourth quarter and fiscal year earnings on
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