KB Home Stock Price, News & Analysis

KB Home (NYSE: KBH) announced that Jeff J. Kaminski, Executive Vice President and Chief Financial Officer, will retire in early 2025 after more than 14 years in the position. Kaminski will continue as CFO through the filing of KB Home's 2024 Annual Report and assist with the transition. The company is following its succession planning process to identify the next CFO.

Chairman and CEO Jeffrey Mezger praised Kaminski's contributions, highlighting his role in improving the company's financial structure and driving the returns-focused growth strategy. Mezger noted that under Kaminski's leadership, KB Home has strengthened its balance sheet, achieved low debt-to-capital ratio, and generated substantial cash, resulting in significant stockholder returns.

Kaminski expressed gratitude for his time at KB Home, describing it as the highlight of his career. He expressed confidence in the company's future as a leading national homebuilder.

KB Home has announced the grand opening of Sunflower, a new townhome community in Anaheim, California. This development offers a rare opportunity to own a new home in a prime location close to Orange County's attractions and beaches, with prices starting from the mid $700,000s. The three-story townhomes feature up to four bedrooms and three-and-a-half baths, designed with modern amenities and ample storage space.

Sunflower is situated in a commuter-friendly location at the corner of Lincoln Avenue and Sunkist Street, providing easy access to major highways and job centers. The community is within walking distance to schools and parks, and close to shopping, dining, and entertainment options. KB Home emphasizes personalization, energy efficiency, and customer satisfaction in their homebuilding process.

KB Home has announced the grand opening of Red Bend, a new community in southwest Las Vegas. The development offers personalized, two-story homes priced from the $480,000s, featuring up to five bedrooms and four baths. Located at West Sunset Road and South Dapple Gray Road, Red Bend provides easy access to major highways, employment centers, and attractions.

The community boasts proximity to family-friendly parks, world-class resorts, and outdoor recreational areas like Red Rock Canyon. KB Home emphasizes its unique homebuying process, allowing customers to personalize their homes through the KB Home Design Studio. The company is recognized as the #1 customer-ranked national homebuilder based on satisfaction surveys.

KB homes at Red Bend are designed to be ENERGY STAR® certified, offering greater comfort and utility cost savings. The sales office and model homes are now open for visits and tours, with flexible options for prospective buyers to explore the community.

KB Home has announced the grand opening of West Magnolia, a new community of two-story homes in Marysville, Washington. Priced from the $670,000s, these homes offer up to five bedrooms and three baths, with modern features like large great rooms and expansive bedroom suites. The community will include amenities such as a park and open space.

West Magnolia is located near Highway 9 and Interstate 5, providing easy access to Seattle-area employment centers, including Boeing's Everett facility. The neighborhood is close to shopping, dining, and outdoor recreation opportunities. KB Home's unique approach allows homebuyers to personalize their new home through the KB Home Design Studio experience.

The homes are designed to be ENERGY STAR® certified, offering greater comfort and utility cost savings. Interested buyers can visit the sales office and model homes for walk-in visits or arrange private tours and live video tours.

KB Home has announced the grand opening of Bellbrooke, a new-home community in Jacksonville, Florida. The community offers personalized, spacious homes priced from the $290,000s, with planned on-site amenities including a children's playground and dog park. The one- and two-story floor plans feature up to five bedrooms and three-and-a-half baths, with no CDD fees.

KB Home's unique approach allows customers to personalize their homes through the KB Home Design Studio. The company is ranked #1 in customer satisfaction among national homebuilders. Bellbrooke is conveniently located near schools, major employers, and Naval Air Station Jacksonville, with easy access to shopping, dining, and outdoor recreation areas.

The homes are designed to be ENERGY STAR® certified, offering greater comfort and utility cost savings. The grand opening celebration is scheduled for Saturday, Sept. 28, from 11 a.m. to 1 p.m., featuring model home tours and complimentary food.

KB Home (NYSE: KBH) reported strong results for its third quarter ended August 31, 2024. Revenues increased 10% to $1.75 billion, with homes delivered up 8% to 3,631. Diluted earnings per share grew 13% to $2.04, driven by higher net income and the impact of stock repurchases. The company experienced variability in demand across the quarter, with softening in late June through July due to elevated mortgage rates and economic concerns. However, demand improved in August as rates moderated.

KB Home continued to balance growth investments with shareholder returns, increasing land acquisition and development investment by over 50% year-over-year to nearly $850 million, while also repurchasing $150 million of common stock. The company's backlog value stood at $2.92 billion, with 5,724 homes. KB Home maintained a strong liquidity position of $1.46 billion and improved its debt to capital ratio to 29.8%.

KB Home (NYSE: KBH) has been named to Newsweek's 2024 list of World's Most Trustworthy Companies. This recognition, presented by Newsweek and Statista Inc., highlights KB Home's commitment to customer satisfaction, trust, integrity, and collaboration. The list recognizes 1,000 companies across 23 industries and 20 countries, based on an independent survey of over 70,000 participants and 230,000 evaluations.

The ranking evaluates companies on three aspects of trust: Customer Trust, Investor Trust, and Employee Trust. Jeffrey Mezger, Chairman and CEO of KB Home, expressed honor at the recognition, emphasizing the company's dedication to turning the dream of homeownership into reality for thousands of families. KB Home is known as one of the largest and most trusted homebuilders in the U.S.

KB Home (NYSE: KBH) has announced the grand opening of Rhythm, a new townhome community in Long Beach, California. This rare opportunity offers spacious homes close to popular beaches and the Long Beach waterfront, priced from the low $700,000s. The three-story floor plans feature up to four bedrooms and three-and-a-half baths, with modern kitchens, great rooms, and bedroom suites with walk-in closets. Some units are designed for small business owners to operate from home.

Rhythm is located at the corner of Atlantic Avenue and 59th Street, near major highways and employment centers. The community offers electric vehicle charging stations and is within walking distance of local schools. KB Home emphasizes personalization, energy efficiency, and customer satisfaction, being ranked as the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys.

KB Home (NYSE: KBH) has announced the release date for its 2024 third quarter earnings. The company will disclose its financial results for the quarter ended August 31, 2024, after the market closes on Tuesday, September 24, 2024. A live webcast of the earnings conference call is scheduled for the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Interested parties can access the webcast through the Investor Relations section of KB Home's website. The earnings call recording will be available for replay on the company's website for 30 days following the event.