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.
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 August 18, 2022, to stockholders of record on August 4, 2022. Established over 65 years ago, KB Home is a leading homebuilder in the U.S., recognized for building over 655,000 homes. The company differentiates itself through customizable home options and energy-efficient designs, holding the title of the top-ranked national homebuilder in customer satisfaction.
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KB Home has announced the grand opening of two new-home communities, Oak Shade and Durango, located in the Shadow Mountain master plan in Menifee, California. These communities feature spacious single-family homes, with Oak Shade offering homes priced from the $470,000s and Durango from the $510,000s. The neighborhoods provide easy access to major employment centers and amenities like parks and recreational facilities. Future community enhancements will include a playground and sports fields. KB Home continues to emphasize personalized home designs and energy-efficient standards.
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KB Home reported a 19% revenue increase to $1.72 billion for Q2 2022, with diluted EPS rising 55% to $2.32. Improved operating income margin reached 15.4%, while gross margin grew to 25.3%. Net order value rose 4% to $2.12 billion, and backlog value surged 43% to $6.12 billion, the highest second-quarter record in its history. The firm reaffirmed its fiscal 2022 guidance, expecting housing revenues between $7.30 billion and $7.50 billion, driven by a favorable pricing environment despite rising construction costs.
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