KB Home Stock Price, News & Analysis

KB Home (NYSE: KBH) has announced a quarterly cash dividend of $0.15 per share on its common stock, payable on February 18, 2021 for stockholders on record by February 4, 2021. The company is a major homebuilder in the U.S., operating in 45 markets across eight states. KB Home specializes in personalized homes and is recognized for building ENERGY STAR® certified homes, ensuring quality and lowering ownership costs for buyers. Established for over 60 years, it emphasizes customer relationships throughout the homebuying process.

KB Home (NYSE: KBH) announced the grand opening of Northwood Point, a new ranch-style home community in Northwest Tucson, easily accessible from Interstate 10. The one-story homes, ranging from 1,300 to 1,900 square feet, feature personalized layouts and ENERGY STAR certification for energy efficiency. Priced from the $270,000s, the community is close to major employment centers, shopping, and recreation areas. It supports homebuyer customization, offering unique choices in home design. Northwood Point demonstrates KB Home's commitment to quality homes and community engagement.

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.