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.
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KB Home (NYSE: KBH) has announced the grand opening of its latest master-planned community, Sunset Ranch, in Ontario, California, offering new homes starting from the $690,000 range. This community will provide family-friendly amenities, such as parks and playgrounds, while being zoned for the award-winning Ontario-Montclair School District. The homes are designed for modern living, featuring up to five bedrooms, spacious great rooms, and ENERGY STAR certification. The location offers convenient access to major highways and local shopping.
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The board of directors of KB Home (NYSE: KBH) has announced a quarterly cash dividend of $.15 per share on its common stock. This dividend is payable on February 16, 2023, to stockholders of record on February 2, 2023. KB Home, a leading homebuilder in the United States, has a strong reputation for energy-efficient homes and exceptional customer satisfaction. The company has built over 670,000 homes over its 65-year history, emphasizing personalized homebuilding and customer relationships.
KB Home, a leading U.S. homebuilder, has launched its first virtual new-home community in the metaverse, specifically on the Decentraland platform. This innovative project aims to engage the next generation of homebuyers by allowing them to personalize virtual model homes through advanced technology. The community features a welcome pavilion and three distinct architectural styles, offering options for customizing flooring, cabinets, and more. KB Home emphasizes its legacy of innovation, partnering with The Metaverse Group to enhance customer experiences. This initiative positions the company at the forefront of digital leadership in homebuilding.
KB Home reported a 16% increase in fourth quarter revenues to $1.94 billion and a 29% rise in diluted EPS to $2.47. For the full year, net income surged 45% to $816.7 million, while diluted EPS grew 51% to $9.09. Despite these gains, net orders fell 80% year-over-year, reflecting challenges from high mortgage rates and inflation, with a cancellation rate of 68%. The company holds a backlog worth $3.69 billion. 2023 guidance anticipates housing revenues between $5.00 billion to $6.00 billion.