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 (NYSE: KBH) is a leading national homebuilder recognized for energy-efficient construction and customizable home designs. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and operational milestones.
Comprehensive News Resource: Track all official KB Home announcements including quarterly earnings, sustainability initiatives, strategic partnerships, and market expansion efforts. Our curated feed ensures access to both regulatory filings and substantive business updates.
Key Coverage Areas: Stay informed about new community developments, innovative building practices, mortgage service updates, and leadership changes. Content spans SEC filings, press releases, and analysis of housing market positioning.
Investor-Centric Formatting: Quickly scan chronologically organized updates with clear event categorization. Bookmark this page for efficient monitoring of KBH's progress in delivering affordable, sustainable homes across key U.S. markets.
KB Home has appointed Oren Hershkovich as the North Bay and Central Valley Division President. He will oversee homebuilding operations in these regions, focusing on land acquisition, construction, sales, and customer service. Hershkovich brings 18 years of homebuilding experience and a Business Administration degree in Finance and Entrepreneurship. His expertise is expected to enhance KB Home's growth in these markets. The company has been active in California since 1963 and currently operates seven new-home communities in the North Bay region.
KB Home (NYSE: KBH) reported a strong fourth quarter for 2020, with a 42% year-over-year increase in net orders, reaching the highest level since 2005. Revenues totaled $1.19 billion, a 23% decrease from the previous year due to COVID-19 impacts. However, gross margins improved to 21%, and net income was $106.1 million. The company ended the year with a backlog of 7,810 homes valued at $2.96 billion, expecting significant growth in 2021 driven by strong demand and market conditions.
KB Home (NYSE: KBH) has launched Verona, a new single-family home community in Titusville, Florida, with homes starting from the $250,000s. Located close to Orlando and major employers like SpaceX, the community features modern designs, including gourmet kitchens and master suites, with floor plans up to five bedrooms. Verona emphasizes energy efficiency, with all homes ENERGY STAR certified. The community also offers scenic views and proximity to outdoor activities. Private tours and virtual appointments are available for potential buyers.
KB Home (NYSE: KBH) has announced the grand opening of Ascent, a new townhome community within the Summerlin master plan in West Las Vegas. The community features two-story townhomes offering up to four bedrooms and 2.5 baths, ranging from 1,400 to 1,800 square feet. Homebuyers can enjoy resort-style amenities and easy access to the Las Vegas Strip, major employers, and outdoor recreation. Pricing starts in the low $300,000s, with homes designed to be ENERGY STAR certified, enhancing energy savings and indoor air quality.
KB Home (NYSE: KBH) has appointed Jeff Ferguson as the president of its Dallas/Fort Worth division, overseeing all homebuilding operations in the region. With over 20 years of experience in residential and commercial construction, Ferguson, a Texas native and Texas A&M Civil Engineering graduate, is expected to drive growth and enhance operations. KB Home has been active in Dallas/Fort Worth since 1996, currently managing six new-home communities. The company is known for personalized homebuilding experiences and is recognized as a leader in ENERGY STAR certified homes.
KB Home (NYSE: KBH) will release its earnings for the fourth quarter and fiscal year ending November 30, 2020, on January 12, 2021, after market close. A live conference call will follow at 2:00 p.m. Pacific Time. The webcast will be accessible on their Investor Relations website and available for replay for 30 days. With over 60 years in the homebuilding industry, KB Home operates in 42 markets across eight states, offering personalized home-building experiences and ENERGY STAR certified homes.
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