Content about KB Home

March 20, 2014

KB Home posted a strong first quarter in 2014, with revenues up 11% and positive net income that swung from a 2013 first-quarter loss.

Sales for the three months ended Feb. 28 were $450.7 million, up from $405.2 million in the year-ago quarter.

The increase was fueled by activity in the Southwest and Southeast regions and was offset by a decrease in the West Coast area. Additionally, the average selling price rose 12% since last year.

February 27, 2014

KB Home unveiled its first ZeroHouse 2.0 in Los Angeles Wednesday, part of a new, larger series of homes designed to achieve net-zero energy status and zero freshwater irrigation use (by a family of four or more).

January 29, 2014

KB Home's board of directors has unanimously elected Michael M. Wood, founder and chairman of Redwood Investments LLC, to serve as a director and a member of its audit and compliance committee.

December 23, 2013

KB Home has released its earnings report for the fourth quarter and fiscal year ended Nov. 30, with total revenues for the year up 34% and net income up significantly since last year's loss.

Revenues for the fiscal year came in at $2.10 billion, compared to $1.56 billion in 2012. This is due in part to a 14% increase in homes delivered and an increase in the average selling price, which rose 18% to $291,700.

November 6, 2013

With the purchase of two new communities in the region, KB Home has managed to increase its presence in northeast Florida by over 70% in 2013, having accumulated more than 900 lots since 2012.

September 24, 2013

KB Home reported growth in both revenue and income for the third quarter, with total revenue up 29% to $549 million, compared with a third-quarter 2012 reading of $424.5 million.

The average selling price of a home increased 22% to $299,100, year-over-year. This represents 13 consecutive quarters of year-ago gains.

Net income increased to $27.3 million, up drastically from year-ago figures of $3.3 million. When considering the nine-month period ended Aug. 31, net income went from a loss of $66.7 million in 2012 to a positive net of $11.8 million this year.

September 10, 2013

Citing growth in the Northeast Florida region, KB Home has bumped Todd Holder up from executive VP to president of the homebuilder's Jacksonville division.

Holder, who has more than 20 years of homebuilding experience, will be responsible for all of KB Home's operations in Northeast Florida, including land acquisition, construction, sales and customer service.

July 22, 2013

KB Homes has a new face in its leadership department. Tom Sewitsky will bring 20 years of homebuilding experience, eight of which he spent in the Raleigh and Charlotte markets, to his new post as president of the Carolinas division.

June 24, 2013

Thanks to the efforts of KB Home and its partner, non-profit energy ratings standardbearer RESNET, the Colorado Energy Office has added a new "Green Features and Certifications" category to its Multiple Listing Service, which includes Energy Star certificaton, HERS scores and other energy efficiency features.

June 20, 2013

KB Homes has appointed Tom Dunn as the newest president of its D.C. Metro division. With 20 years of home-building experience specific to the Washington, D.C., area, Dunn will oversee the entirety of the company's regional operations.

Previously, Dunn held leadership positions at M/I Homes and NVR Homes and was most recently owner and founder of residential property firm BMD Investments.

June 19, 2013

In an effort to step up its commitment to energy efficiency and emerging technology, KB Home announced Tuesday that all of its new homes will be equipped with "smart" Wiser home management systems. The feature will allow homeowners to monitor their energy consumption in real time from their mobile devices or computers.

"This system is ... a sign of our times," said Jeffrey Mezger, president and CEO of KB Home. "Not only do consumers want 'smart' phones, they want 'smart' homes as well."

April 1, 2013

KB Home reported its first-quarter net loss narrowed by $33.3 million, or 73%, to $12.5 million, compared with a net loss of $45.8 million in the first quarter of 2012.

KB Home reported its first-quarter net loss narrowed by $33.3 million, or 73%, to $12.5 million, compared with a net loss of $45.8 million in the first quarter of 2012.

Revenues for its first quarter ended Feb. 28 increased 59% to $405.2 million from $254.6 million for the first quarter of 2012 as a result of an increase in the number of homes delivered and a higher average selling price. Compared with the year-earlier quarter, revenues were up across all of the company's home-building regions.

February 22, 2013

James Harrison is responsible for all of the company's home-building operations throughout Houston, from land acquisition and construction to sales and customer service.

KB Home has announced that James Harrison has been named president of its Houston division. Harrison is responsible for all of the company's home-building operations throughout Houston, from land acquisition and construction to sales and customer service. 

September 25, 2012

KB Home reported third-quarter revenues increased 16% to $424.5 million, compared with $367.3 million in the third quarter of 2011. The company cited growth in the number of homes delivered and a higher average selling price for the increase.

Net income for the quarter ended Aug. 31 totaled $3.3 million, up $12.9 million from a net loss of $9.6 million in the year-earlier quarter.

July 18, 2012

KB Home has acquired land within the Elworthy Ranch property in the town of Danville, Calif. Development of the site will begin soon, and the home builder expects groundbreaking on new model homes before the end of the year. KB Home plans to construct 84 Built to Order single-family homes in the new community, Quail Ridge.

July 18, 2012

KB Home has acquired land within the Elworthy Ranch property in the town of Danville, Calif. Development of the site will begin soon, and the home builder expects groundbreaking on new model homes before the end of the year. KB Home plans to construct 84 Built to Order single-family homes in the new community, Quail Ridge.

July 9, 2012

Los Angeles-based KB Home reported a second quarter net loss of $24.1 million, compared with a net loss of $68.5 million in the year-earlier quarter.

For the second quarter ended May 31, revenues totaled $302.9 million, up 11% from $271.7 million for the second quarter of 2011. The company pointed to an increase in the number of homes delivered and a higher average selling price.

March 26, 2012

KB Home, one of the nation’s largest home builders, reported revenues for its first fiscal quarter of $254.6 million, up 29% from $196.9 million for the first quarter of 2011, reflecting higher deliveries and an increase in the average selling price.

KB Home posted a $45.8 million loss for the quarter, which ended Feb. 29, 2012, compared with a $114.5 million loss in the first period a year ago.

March 26, 2012

KB Home, one of the nation’s largest home builders, reported revenues for its first fiscal quarter of $254.6 million, up 29% from $196.9 million for the first quarter of 2011, reflecting higher deliveries and an increase in the average selling price.

KB Home posted a $45.8 million loss for the quarter, which ended Feb. 29, 2012, compared with a $114.5 million loss in the first period a year ago.

March 19, 2012

KB Home is being sued by a group of homeowners in Cary, N.C., because it installed weather barriers behind fiber cement siding in some residential developments but not others, according to a case summary provided by North Carolina Lawyers Weekly. 

A Business Court judge certified the lawsuit, describing the class as "all persons in the state of North Carolina who own a home that was constructed by KB Homes without a weather-restrictive barrier behind the exterior veneer of Hardiplank cement fiber lap siding."

March 19, 2012

KB Home is being sued by a group of homeowners in Cary, N.C., because it installed weather barriers behind fiber cement siding in some residential developments but not others, according to a case summary provided by North Carolina Lawyers Weekly. 

A Business Court judge certified the lawsuit, describing the class as "all persons in the state of North Carolina who own a home that was constructed by KB Homes without a weather-restrictive barrier behind the exterior veneer of Hardiplank cement fiber lap siding."

October 26, 2011

KB Home is expanding its presence in the Durham, N.C., market with Orchard Ridge, a new community of Built to Order single-family homes. KB Home already has four other communities currently open in the Durham area.

A grand opening is planned for Oct. 29 from noon to 3 p.m. 

October 26, 2011

KB Home is expanding its presence in the Durham, N.C., market with Orchard Ridge, a new community of Built to Order single-family homes. KB Home already has four other communities currently open in the Durham area.

A grand opening is planned for Oct. 29 from noon to 3 p.m. 

October 25, 2011

KB Home and Build San Antonio Green (BSAG) have announced the start of their partnership by recognizing KB Home's first BSAG-Certified home, located in San Antonio, at an event at KB Home's La Fontana community. The first certified home, named ZeroHouse 2.0, is KB Home's first net-zero energy home and goes beyond the BSAG program's guidelines. 

October 25, 2011

KB Home and Build San Antonio Green (BSAG) have announced the start of their partnership by recognizing KB Home's first BSAG-Certified home, located in San Antonio, at an event at KB Home's La Fontana community. The first certified home, named ZeroHouse 2.0, is KB Home's first net-zero energy home and goes beyond the BSAG program's guidelines.