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.
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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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KB Home (NYSE: KBH) is expanding into the Charlotte market, appointing Bill Kiselick as Charlotte Division President. Kiselick, with over 35 years in homebuilding, will manage operations, including land acquisition and sales. The company has acquired over 400 homesites and plans to open three new communities in early 2022, featuring single-family homes with various amenities. KB Home emphasizes energy efficiency, as all new homes will be ENERGY STAR® certified, aiming to deliver significant savings on utility bills.
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