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 national homebuilder recognized for energy-efficient construction and customizable home designs. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and operational milestones.
Comprehensive News Resource: Track all official KB Home announcements including quarterly earnings, sustainability initiatives, strategic partnerships, and market expansion efforts. Our curated feed ensures access to both regulatory filings and substantive business updates.
Key Coverage Areas: Stay informed about new community developments, innovative building practices, mortgage service updates, and leadership changes. Content spans SEC filings, press releases, and analysis of housing market positioning.
Investor-Centric Formatting: Quickly scan chronologically organized updates with clear event categorization. Bookmark this page for efficient monitoring of KBH's progress in delivering affordable, sustainable homes across key U.S. markets.
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.
KB Home (NYSE: KBH) announced the grand opening of River Bluff, a new-home community in Leander, Texas. The community offers one- and two-story homes with modern kitchens, spacious great rooms, and expansive bedroom suites, priced from the $400,000s. River Bluff is zoned for Liberty Hill Independent School District and boasts easy access to local schools, outdoor recreation, shopping, and dining. Homes can be personalized, and all are ENERGY STAR® certified for efficiency. KB Home emphasizes a strong, personalized homebuying experience and prides itself on high customer satisfaction.
KB Home, a major U.S. homebuilder, celebrates National Homeownership Month by disclosing a new survey by The Harris Poll. The survey reveals that 4 in 5 Americans view owning a home as a important life milestone. However, many are discouraged by myths about affordability and the buying process. KB Home addresses these concerns with over 25 Homebuying 101 events and extensive educational content online and at in-market events. The survey also shows that 83% of Americans think homeownership is essential, 40% think about it weekly, and 58% would cut nonessential spending to save for a down payment. Despite the enthusiasm, 56% feel they are in a worse position to buy a home than previous generations. Common misconceptions include misunderstandings about APR and PMI and the belief that mortgage rates are at an all-time high. KB Home aims to dispel these myths and support future homeowners with resources and education.
KB Home (NYSE: KBH), a leading U.S. homebuilder, has been recognized on USA Today's 2024 America’s Climate Leaders list for the second year in a row. Notably, KB Home ranks in the top five percent of all listed companies and is the highest-ranked homebuilder. This honor highlights KB Home's commitment to sustainability, with a focus on creating efficient and affordable homes that reduce the cost of homeownership. Jeffrey Mezger, KB Home's CEO, emphasized that this recognition reflects the company's long-standing dedication to sustainability. The award, presented by USA Today and Statista Inc., was based on a rigorous two-step process involving data analysis and emissions reduction scoring.
KB Home (NYSE: KBH) has announced the grand opening of Prospect Park, a new townhome community in Santee, California. The homes include modern kitchens, expansive bedroom suites, and versatile Flex Space for a bedroom or home office. The community features four-bedroom, three-and-a-half-bathroom layouts with ample storage and driveways for additional parking. On-site amenities include a park and children's playground, and the community is within walking distance to schools.
KB Home emphasizes personalization, allowing buyers to customize their homes through the KB Home Design Studio. Additionally, the homes are ENERGY STAR® certified, promoting energy and water efficiency. Prospect Park's location offers convenient access to major highways and public transport, as well as proximity to San Diego's attractions and educational institutions. Pricing starts from the low $800,000s.
KB Home (NYSE: KBH) has announced the grand opening of Sedona at Olivebrook, a new community within the Olivebrook master plan in Winchester, California. Priced from the $540,000s, these personalized single-story homes offer modern amenities including spacious kitchens, bedroom suites, and ample storage. Homeowners will benefit from large homesites and proximity to local schools. Sedona's commuter-friendly location provides easy access to major highways and employment centers, and it's near shopping, dining, and recreational activities. KB Home emphasizes customer satisfaction and energy-efficient, customizable homes.
KB Home (NYSE: KBH) has announced the grand opening of Brevi, a new community in southwest Las Vegas. The homes, starting in the mid $400,000s, feature modern kitchens, spacious great rooms, up to five bedrooms, and four baths. Brevi offers amenities such as a park with open space and easy access to major highways, employment centers, and attractions like the Las Vegas Strip. KB Home emphasizes a personalized homebuilding experience, allowing buyers to customize their homes extensively. The homes are also ENERGY STAR® certified, promoting energy and water efficiency and healthier indoor environments.
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