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 at KB Home (NYSE: KBH) has announced a quarterly cash dividend of $.15 per share on common stock. This dividend is payable on February 17, 2022, to stockholders of record as of February 3, 2022. KB Home is a leading homebuilder in the United States, recognized for its energy-efficient homes and exceptional personalization options for buyers. With over 655,000 homes built in its 65-year history, the company operates in 47 markets nationwide.
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KB Home (NYSE: KBH) announces the grand opening of three new home communities: Avalon, Sonoma, and Cambria at Spring Mountain Ranch, Riverside, California. Homes are priced from the mid $500,000s and range from approximately 1,300 to 3,300 square feet, accommodating up to six bedrooms. The communities offer convenient access to major highways, shopping, and outdoor recreation. Each home is built to be ENERGY STAR certified, promoting energy efficiency and savings. Sales offices are open for tours and video consultations.
KB Home reported strong fourth-quarter results for 2021, achieving total revenues of $1.68 billion, up 40%. Diluted earnings per share surged 71% to $1.91, with operating income margin improving 310 basis points to 12.8%. Net order value increased 12% to $1.77 billion, while ending backlog grew 67% to $4.95 billion. The return on equity reached 19.9%, an increase of 810 basis points. For 2022, the company expects revenues between $7.20 billion and $7.60 billion, with a projected return on equity exceeding 26%.
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KB Home (NYSE: KBH) has announced the grand opening of Autumn Creek, a new community of single-story homes in Winchester, California, with prices starting from the low $500,000s. The homes range from approximately 1,400 to 2,300 square feet, featuring up to five bedrooms and two baths. Located near major highways and local amenities, Autumn Creek offers homebuyers options to personalize their homes. All homes are ENERGY STAR certified, ensuring energy efficiency and lower utility costs.
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KB Home has been recognized as the only national homebuilder on The Wall Street Journal's 2021 'Management Top 250' list, a ranking that evaluates over 846 publicly traded companies. This recognition reflects KB Home's commitment to customer satisfaction, employee engagement, innovation, social responsibility, and financial strength. Jeffrey Mezger, KB Home’s CEO, stated this honor underscores their dedication to delivering long-term value and sustainability. The company was also featured on Newsweek and Forbes' responsible companies lists.
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KB Home (NYSE: KBH) will release its fourth quarter and fiscal year earnings on January 12, 2022, after the market closes. A conference call is scheduled at 2:00 p.m. PT and 5:00 p.m. ET the same day. The webcast will be available for replay on the KB Home website for 30 days. With over 650,000 homes built in more than 60 years of operation, KB Home stands out for its personalization options and energy-efficient homes, being the first to make all its homes ENERGY STAR certified.