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) reported a strong first quarter for 2021, with diluted earnings per share increasing 62% to $1.02. Revenue rose 6% to $1.14 billion, driven by a 4% rise in homes delivered and a 90% surge in homebuilding operating income. The backlog value increased 74% year-over-year, reflecting robust demand, particularly among Millennials. The company's gross profit margin improved to 21.1%, supported by favorable market conditions. KB Home maintained a solid liquidity position, with total liquidity at $1.36 billion and cash reserves at $569.8 million.
KB Home (NYSE: KBH) is expanding into the Charlotte market, appointing Bill Kiselick as Charlotte Division President. Kiselick, with over 35 years in homebuilding, will manage operations, including land acquisition and sales. The company has acquired over 400 homesites and plans to open three new communities in early 2022, featuring single-family homes with various amenities. KB Home emphasizes energy efficiency, as all new homes will be ENERGY STAR® certified, aiming to deliver significant savings on utility bills.
KB Home (NYSE: KBH) will announce its first-quarter earnings on March 24, 2021, after market close. The earnings conference call is scheduled for the same day at 2:00 p.m. Pacific Time, accessible via the Investor Relations section on KB Home's website. As a major homebuilder in the U.S., KB Home offers personalized home options and boasts a commitment to building ENERGY STAR certified homes. This approach aims to enhance home comfort and ownership affordability for buyers.
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