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 announced the grand opening of Tucker Place, a new-home community in Raleigh, North Carolina. The community offers personalized, spacious homes with prices starting from the $380,000s. Tucker Place features one- and two-story floor plans with up to five bedrooms and three baths. Planned amenities include a pool, playground, and walking trail.
The community is zoned for the highly ranked Wake County Public School System. KB Home's unique approach allows homebuyers to personalize their homes through the KB Home Design Studio. The company is recognized as the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys. Tucker Place is conveniently located near shopping, dining, and outdoor recreation, with easy access to major highways.
KB Home (NYSE: KBH), a leading U.S. homebuilder, has announced a quarterly cash dividend of $0.25 per share on its common stock. The dividend is payable on August 22, 2024 to stockholders of record on August 8, 2024. KB Home operates in 47 markets and has built over 680,000 quality homes in its 65-year history. The company is recognized as the #1 customer-ranked national homebuilder based on third-party buyer surveys. KB Home is also an industry leader in sustainability, having achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder.
KB Home has announced the grand opening of Primrose, a new community in the desirable Quartz Hill neighborhood of Lancaster, California. Homes at Primrose are single-story, feature modern kitchens, large great rooms, and up to four bedrooms and two-and-a-half baths. They are priced from the low $600,000s. The community is zoned for the Westside Union School District and offers convenient access to Highway 14 and major employers like Lockheed Martin Skunk Works and Northrop Grumman.
What sets KB Home apart is its focus on personalized homebuilding, allowing buyers to customize their homes through the KB Home Design Studio. KB Home is ranked #1 in customer satisfaction among national homebuilders. The homes are ENERGY STAR® certified for energy efficiency and healthier indoor environments. The community is near various amenities, including parks, shopping, dining, and cultural venues.
Sales office and model homes are open for walk-in visits and private tours. Pricing starts from the low $600,000s. Visit kbhome.com for more information.
KB Home (NYSE: KBH) has announced the grand opening of Magnolia at Desert Passage in Maricopa, Arizona, offering personalized single-story homes starting from the $290,000s. The community features resort-style amenities such as an outdoor pool, playground, baseball field, volleyball court, walking trails, and barbecue areas.
Magnolia homes are designed with modern kitchens, spacious great rooms, and bedroom suites with walk-in closets. Buyers can personalize their homes at the KB Home Design Studio. The community is ENERGY STAR® certified, ensuring energy efficiency and healthier indoor environments.
Conveniently located near Interstate 10, Loop 202, and key employment centers, Magnolia offers easy access to schools, parks, shopping, and dining. The sales office and model homes are available for walk-in visits, private tours, and live video tours.
KB Home (NYSE: KBH) has announced the grand opening of its latest community, Reserve at Forest Lake, located in Lake Wales, Orlando, FL. These new homes, priced from the $290,000s, come with modern kitchens, expansive bedroom suites, and an array of community amenities including a pool, cabana, children’s playground, and walking paths.
The community offers one- and two-story floor plans with up to six bedrooms and three baths, and there are no CDD fees.
KB Home's unique approach allows buyers to personalize their homes through the KB Home Design Studio, positioning the company as a top choice for homebuyer satisfaction. The homes are ENERGY STAR® certified, promoting energy efficiency and healthier living environments.
The location offers easy access to highways, outdoor recreation like fishing, boating, skiing, and nearby golf courses. The sales office and model homes are open for walk-ins and private tours, with video tour options available.
KB Home (NYSE: KBH) has announced the grand opening of Farmlore Reserve, a new community in Brighton, Colorado. Homes in this master-planned community are priced from the low $500,000s and offer one- and two-story floor plans with up to seven bedrooms and five-and-a-half baths. Farmlore Reserve features resort-style amenities including a recreation center, outdoor pool, parks, sports fields, trails, and an on-site elementary school. The community also includes a restored barn for gatherings.
Homebuyers can personalize their homes through the KB Home Design Studio. The homes are energy-efficient and designed to meet ENERGY STAR® certification standards. The community is commuter-friendly, located near major highways and close to shopping, outdoor recreation, and golf courses. The sales office and model homes are open for visits and private tours. For more details, visit kbhome.com or call 888-KB-HOMES.
KB Home (NYSE: KBH) reported its 2024 second-quarter results, showing revenues of $1.71 billion and a 11% increase in diluted earnings per share (EPS) to $2.15. Net orders rose 2% to 3,997, while net order value expanded 7% to $2.03 billion. The average selling price increased to $483,000, but homes delivered decreased to 3,523. Homebuilding operating income was $188.2 million with a margin of 11.1%. Financial services pretax income rose 16% to $13.3 million. The company's total liquidity was $1.73 billion, with investments in land development up 64% to $1.26 billion. Stockholders' equity grew to $3.99 billion, and the quarterly dividend increased to $.25 per share. KB Home authorized the repurchase of up to $1 billion of common stock.
KB Home (NYSE: KBH) has announced the grand opening of Laurel Oaks, a new residential community in Apopka, Florida. This development offers personalized, spacious homes designed to cater to contemporary living needs. Homes feature modern kitchens, large great rooms, and expansive bedroom suites. The community offers one- and two-story floor plans with up to six bedrooms and three baths. Prices start from the $430,000s. Laurel Oaks boasts easy access to US-441, Highway 429, and Highway 46, and is close to outdoor recreation, shopping, and dining. KB Home emphasizes customer satisfaction and energy-efficient homes, with each house being unique and customizable through the KB Home Design Studio.
KB Home (NYSE: KBH) has announced the grand opening of Sagecrest, a new-home community in Conroe, Texas. Sagecrest offers personalized, spacious homes designed for modern living, featuring up to five bedrooms and three-and-a-half baths. These homes, priced from the $230,000s, include ENERGY STAR® certification for energy and water efficiency. The community plans to include amenities like a park and playground and is near Willis Independent School District, local shopping, dining, and outdoor recreation. The homes are customizable in the KB Home Design Studio, providing a unique homebuying experience. The community is located conveniently near major employment centers and outdoor recreational areas.
KB Home (NYSE: KBH) will release its earnings for the second quarter of 2024 on June 18, 2024, after the market closes.
The earnings period covers the quarter ending on May 31, 2024.
A live webcast of the earnings conference call will be held at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
The webcast can be accessed via the Investor Relations section of KB Home's website and will be available for replay for 30 days.
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