KBH board approves new $1B stock repurchase authorization

Rhea-AI Filing Summary

KB Home announced that its Board of Directors approved a new authorization to repurchase up to $1 billion of its outstanding common stock. The authorization replaces a prior plan and was disclosed in a current report dated October 27, 2025.

Buyback authorizations allow the company to purchase shares over time at its discretion, which can reduce shares outstanding and return capital to stockholders. The filing did not include additional terms beyond the size of the authorization and its replacement of the prior program.

Insights

Capital markets analyst

New buyback authorization of up to $1 billion replaces prior plan.

KB Home disclosed a board-approved authorization to repurchase up to $1 billion of common stock, replacing the prior authorization. Such programs permit open-market or other purchases at management’s discretion and timing.

Authorizations are not commitments; actual repurchases depend on market conditions, capital needs, and alternative uses. The disclosure does not specify pace, duration, or execution methods in this excerpt.

Subsequent updates may detail activity and remaining authorization following future reporting periods; the current item establishes the ceiling and replacement of the earlier plan as of October 27, 2025.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report: October 27, 2025

(Date of earliest event reported) 

KB HOME

(Exact name of registrant as specified in its charter)

Delaware

1-9195

95-3666267

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

10990 Wilshire Boulevard

Los Angeles, California 90024

(Address of principal executive offices) (Zip Code) 

Registrant’s telephone number, including area code: (310) 231-4000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock (par value $1.00 per share)			KBH			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On October 27, 2025, KB Home issued a press release announcing that its Board of Directors approved a new authorization to repurchase up to $1 billion of KB Home’s outstanding common stock, replacing a prior authorization.

A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1    Press release dated October 27, 2025 announcing new $1 billion common stock repurchase authorization.

104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

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EXHIBIT INDEX

Exhibit No.						Description
99.1						Press release dated October 27, 2025 announcing new $1 billion common stock repurchase authorization.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 27, 2025

						KB Home
						By:			/s/ William (Tony) Richelieu
									William (Tony) Richelieu
									Vice President, Corporate Secretary and Associate General Counsel

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FAQ

What did KBH announce regarding share repurchases?

KB Home’s board approved a new authorization to repurchase up to $1 billion of outstanding common stock.

Does the new KBH authorization replace a previous plan?

Yes. The new $1 billion authorization replaces a prior repurchase authorization.

When was the authorization announced?

It was announced on October 27, 2025.

What form disclosed KBH’s new buyback authorization?

It was disclosed in a Form 8-K under Item 8.01.

Which securities are covered by the authorization?

Repurchases may be made of KB Home’s outstanding common stock.

What is the ticker and exchange for KB Home?

KB Home trades on the NYSE under the symbol KBH.