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 reports developments as a U.S. homebuilder that designs, builds and sells new homes and communities for first-time and move-up buyers. Company news commonly covers community openings in markets such as California, Arizona, Texas and Idaho, with details on home types, floor plans, amenities, school access and transportation links.
Updates also describe KB Home's personalized homebuilding model, including Design Studio selections, energy- and water-efficiency features and ENERGY STAR® certification. Recurring corporate items include dividends, earnings releases, share repurchase references and broader operating updates tied to land development and housing demand.
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.
KB Home has announced the grand opening of Farmlore Villas, its newest community within a premier master plan in Brighton, Colorado. The low-maintenance, two-story paired homes offer up to five bedrooms and three-and-a-half baths, with prices starting from the mid $400,000s. The community features planned resort-style amenities, including a recreation center, outdoor pool, on-site elementary school, parks, sports fields, and over 11 miles of trails.
Homebuyers can personalize their new homes at the KB Home Design Studio. The community is located near the Prairie Center Shopping Center and offers easy access to major highways, downtown Denver, and Denver International Airport. KB Home emphasizes energy efficiency, with homes designed to be ENERGY STAR® certified.
KB Home has announced the grand opening of Overlook Ranch, a new-home community in Georgetown, Texas. The community offers personalized, spacious homes priced from the mid $300,000s, featuring:
- One- and two-story floor plans with up to five bedrooms and three-and-a-half baths
- Modern kitchens overlooking large great rooms
- Expansive bedroom suites with walk-in closets
- ENERGY STAR® certification for greater comfort and utility cost savings
Located near local schools, universities, shopping, dining, and outdoor recreation, Overlook Ranch provides easy access to Highways 35, 29, and 130. KB Home's unique approach allows homebuyers to personalize their homes through the KB Home Design Studio experience.
KB Home has announced the grand opening of Enclave, its newest community within the Crossroads West master plan in Riverbank, California. The new homes offer:
- One- and two-story floor plans with up to five bedrooms and three-and-a-half baths
- Modern kitchens, large great rooms, and bedroom suites with walk-in closets
- Community amenities including parks, walking and biking paths, a playground, and a planned sports complex
- Proximity to local schools and shopping centers
- Prices starting from the low $500,000s
KB Home emphasizes personalization, allowing homebuyers to customize their homes through the KB Home Design Studio. The company is committed to energy efficiency, with homes designed to be ENERGY STAR® certified.
KB Home has announced the grand opening of Catania at Citrine, its newest community in the Orangecrest neighborhood of Riverside, California. The development offers personalized, spacious homes priced from the mid $600,000s, featuring up to five bedrooms and three baths. Homebuyers can expect:
- Modern kitchens overlooking large great rooms
- Bedroom suites with walk-in closets
- Ample storage space
- Proximity to highly rated schools
- A planned community park with open space, walking paths, and a children's playground
KB Home (NYSE: KBH) emphasizes building strong relationships with customers and offers a unique homebuying experience through its KB Home Design Studio. The company is committed to energy efficiency, with homes designed to be ENERGY STAR® certified.
KB Home has announced the grand opening of Cielo, its newest community within the Villa Ticino master plan in Manteca, California. The homes at Cielo are designed for modern living, featuring:
- One- and two-story floor plans with up to six bedrooms and four baths
- Modern kitchens overlooking large great rooms
- Bedroom suites with walk-in closets
- Ample storage space
The community offers amenities such as a large park with playgrounds, sports courts, and walking and biking paths. Priced from the mid $600,000s, Cielo is located near local schools and provides easy access to major highways and job centers in the Central Valley and San Francisco Bay Area. KB Home emphasizes personalization, allowing homebuyers to customize their homes through the KB Home Design Studio.