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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 announced the grand opening of Montara at Sycamore Hills, a new residential community in Upland, California. Located conveniently between Interstates 10 and 210, the development offers easy access to major employment centers and recreational areas. The two-story homes range from 1,700 to 2,200 square feet, featuring modern amenities and the ability for buyers to personalize their spaces. Prices start from the $590,000s. KB Home emphasizes energy efficiency and personalized design, setting itself apart in the housing market.
KB Home has elected Jodeen A. Kozlak to its Board of Directors effective January 21, 2021. Kozlak, founder of Kozlak Capital Partners and former HR leader at Alibaba and Target, brings valuable expertise to the Board. Kenneth M. Jastrow II will transition to a non-voting advisory role as Director Emeritus, ensuring continuity and mentorship. Melissa B. Lora has been appointed Chair of the Management Development and Compensation Committee. With these changes, KB Home maintains a Board of 12 members, with 11 being independent.
KB Home (NYSE: KBH) has announced a quarterly cash dividend of $0.15 per share on its common stock, payable on February 18, 2021 for stockholders on record by February 4, 2021. The company is a major homebuilder in the U.S., operating in 45 markets across eight states. KB Home specializes in personalized homes and is recognized for building ENERGY STAR® certified homes, ensuring quality and lowering ownership costs for buyers. Established for over 60 years, it emphasizes customer relationships throughout the homebuying process.
KB Home (NYSE: KBH) announced the grand opening of Northwood Point, a new ranch-style home community in Northwest Tucson, easily accessible from Interstate 10. The one-story homes, ranging from 1,300 to 1,900 square feet, feature personalized layouts and ENERGY STAR certification for energy efficiency. Priced from the $270,000s, the community is close to major employment centers, shopping, and recreation areas. It supports homebuyer customization, offering unique choices in home design. Northwood Point demonstrates KB Home's commitment to quality homes and community engagement.
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.
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