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 (NYSE: KBH) has unveiled two new communities, Landings and Reserves at Sage Glen, in Southwest Las Vegas. Positioned conveniently near the Las Vegas Strip and major employment hubs, these homes offer modern designs with spacious floor plans ranging from 1,400 to 3,000 square feet, featuring up to five bedrooms and five baths. Prices start in the $360,000s. Emphasizing personalized options, KB Home provides buyers with extensive customization choices, while each home is ENERGY STAR certified, ensuring energy efficiency and improved indoor air quality.
KB Home (NYSE: KBH) has upsized its offering of senior notes to $390 million, an increase of $90 million. These notes, due in 2031, carry an interest rate of 4.00% and will be sold at a public offering price of 100.00%. After costs, the estimated net proceeds are approximately $385 million, intended primarily for the tender offer of its 7.000% Senior Notes due 2021. Closing of the offering is anticipated on June 9, 2021. Major financial institutions are involved as book-running managers for the offering.
KB Home announced a cash tender offer for its 7.000% Senior Notes due 2021, totaling $450 million. The offer will expire at 5:00 p.m. NYC time on June 8, 2021, unless extended. Holders must validly tender their Notes by the deadline to receive the offer consideration of $1,017.25 per $1,000 principal amount, plus accrued interest. The tender process allows for valid withdrawals before the expiration date. KB Home reserves the right to terminate or amend the offer at any time. More details can be found in the Offer Documents provided to the Note holders.
KB Home (NYSE: KBH) has announced a public offering of $300 million in senior notes due 2031. This offering is being managed by several financial institutions, including BofA Securities and Citigroup. The proceeds will be used to purchase existing 7.000% Senior Notes due 2021 as part of a cash tender offer and for general corporate purposes. The offering is registered under an existing shelf registration statement with the SEC, and interested parties can access the prospectus via the SEC's website.
KB Home (NYSE: KBH) reported a significant 155% increase in net orders, totaling 3,961 for the second quarter of 2021, compared to 1,556 in the same period last year. This surge is attributed to a rebound from COVID-19 impacts. The second quarter ends on May 31, 2021, with the company also announcing a public offering of senior notes. KB Home emphasizes its commitment to quality homebuilding and customer personalization.
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