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.
KB Home has announced the grand opening of two new single-family home communities, Aston Park and Montclaire, located near Kent Station in the Seattle area. These communities offer easy access to public transit, major highways, and local amenities including shopping and schools. Designed with spacious floor plans ranging from 1,600 to 2,500 square feet, homes feature up to five bedrooms and three baths. They also include the KB Home Office for personalized workspace options. Pricing starts from the $590,000s, and all homes are ENERGY STAR certified, ensuring increased energy efficiency.
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KB Home has declared a quarterly cash dividend of $.15 per share on its common stock. This dividend is set to be paid on May 20, 2021 to stockholders of record as of May 6, 2021. KB Home is a prominent homebuilder in the U.S., operating in 45 markets across eight states for over 60 years. They offer personalized homebuilding services and are known for their energy-efficient homes certified by ENERGY STAR.
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KB Home (NYSE: KBH) reported a strong first quarter for 2021, with diluted earnings per share increasing 62% to $1.02. Revenue rose 6% to $1.14 billion, driven by a 4% rise in homes delivered and a 90% surge in homebuilding operating income. The backlog value increased 74% year-over-year, reflecting robust demand, particularly among Millennials. The company's gross profit margin improved to 21.1%, supported by favorable market conditions. KB Home maintained a solid liquidity position, with total liquidity at $1.36 billion and cash reserves at $569.8 million.
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