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 appointed Oren Hershkovich as the North Bay and Central Valley Division President. He will oversee homebuilding operations in these regions, focusing on land acquisition, construction, sales, and customer service. Hershkovich brings 18 years of homebuilding experience and a Business Administration degree in Finance and Entrepreneurship. His expertise is expected to enhance KB Home's growth in these markets. The company has been active in California since 1963 and currently operates seven new-home communities in the North Bay region.
KB Home (NYSE: KBH) reported a strong fourth quarter for 2020, with a 42% year-over-year increase in net orders, reaching the highest level since 2005. Revenues totaled $1.19 billion, a 23% decrease from the previous year due to COVID-19 impacts. However, gross margins improved to 21%, and net income was $106.1 million. The company ended the year with a backlog of 7,810 homes valued at $2.96 billion, expecting significant growth in 2021 driven by strong demand and market conditions.
KB Home (NYSE: KBH) has launched Verona, a new single-family home community in Titusville, Florida, with homes starting from the $250,000s. Located close to Orlando and major employers like SpaceX, the community features modern designs, including gourmet kitchens and master suites, with floor plans up to five bedrooms. Verona emphasizes energy efficiency, with all homes ENERGY STAR certified. The community also offers scenic views and proximity to outdoor activities. Private tours and virtual appointments are available for potential buyers.
KB Home (NYSE: KBH) has announced the grand opening of Ascent, a new townhome community within the Summerlin master plan in West Las Vegas. The community features two-story townhomes offering up to four bedrooms and 2.5 baths, ranging from 1,400 to 1,800 square feet. Homebuyers can enjoy resort-style amenities and easy access to the Las Vegas Strip, major employers, and outdoor recreation. Pricing starts in the low $300,000s, with homes designed to be ENERGY STAR certified, enhancing energy savings and indoor air quality.
KB Home (NYSE: KBH) has appointed Jeff Ferguson as the president of its Dallas/Fort Worth division, overseeing all homebuilding operations in the region. With over 20 years of experience in residential and commercial construction, Ferguson, a Texas native and Texas A&M Civil Engineering graduate, is expected to drive growth and enhance operations. KB Home has been active in Dallas/Fort Worth since 1996, currently managing six new-home communities. The company is known for personalized homebuilding experiences and is recognized as a leader in ENERGY STAR certified homes.
KB Home (NYSE: KBH) will release its earnings for the fourth quarter and fiscal year ending November 30, 2020, on January 12, 2021, after market close. A live conference call will follow at 2:00 p.m. Pacific Time. The webcast will be accessible on their Investor Relations website and available for replay for 30 days. With over 60 years in the homebuilding industry, KB Home operates in 42 markets across eight states, offering personalized home-building experiences and ENERGY STAR certified homes.
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