KB Home Stock Price, News & Analysis

KB Home has announced the grand opening of its Lilac community in Homeland, California. The homes are affordably priced from the mid $400,000s and feature customizable floor plans ranging from 1,400 to 2,600 square feet. Located near major highways, the community offers easy access to employment centers and recreational facilities. The homes are ENERGY STAR certified, ensuring energy efficiency and lower utility costs. This launch reflects KB Home's commitment to providing personalized housing options to its customers.

KB Home has announced the grand opening of The Legends, a new-home community in Marana, Arizona. Homes are affordably priced from the low $300,000s and feature one-story designs with up to five bedrooms. The community is part of the Gladden Farms master plan, offering numerous amenities, including parks, walking trails, and access to local schools. KB Home emphasizes personalization for homebuyers, providing customizable options and energy-efficient features in every home.

KB Home has launched two new home collections, Landings and Reserves, at Saguaro North in Las Vegas. Prices start from the $370,000s and $420,000s, respectively. These communities feature personalized, energy-efficient homes ranging from 1,200 to 2,400 square feet, with up to five bedrooms and four baths. The location offers convenient access to major roads, shopping, dining, and recreational areas. Homebuyers can customize their homes, benefiting from KB Home's focus on energy efficiency and customer satisfaction.

KB Home has announced the grand opening of Bristol, a new single-family home community in Madera, California, priced from the $470,000 range. Located within the award-winning Tesoro Viejo master plan, this community offers resort-style amenities such as a clubhouse, pools, and fitness center. Homes feature spacious layouts, ranging from 1,700 to 2,500 square feet with up to six bedrooms and three baths. Bristol is near major employment centers and renowned outdoor recreation areas.

KB Home reported a robust third quarter ending August 31, 2022, achieving a 26% revenue increase to $1.84 billion and a 79% rise in diluted earnings per share to $2.86. The operating income margin improved by 610 basis points to 17.7%, while gross margin increased to 26.7%. The company faced delivery challenges due to supply chain issues but holds a backlog worth $5.3 billion. Despite higher mortgage rates and inflation impacting demand, KB Home remains optimistic about future growth, with capital returns to shareholders through repurchases and dividends.