Content about KB Home

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. 

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.

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.

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.

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."

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. 

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. 

Los Angeles-based home builder KB Home reported revenues of $367.3 million for its third fiscal quarter, down 27% from $50 million in the third quarter of 2010.

The decrease was mainly due to a 31% year-over-year decrease in the number of homes delivered to 1,603, the company said, which was partly offset by a 6% year-over-year increase in the average selling price to $227,400.

The federal government has begun an in-depth investigation of possible wage infractions in the residential construction industry, according to an article in the Wall Street Journal. 

KB Home has opened a new home community in Valencia, Calif., also known as "Awesometown." KB Home's Milan at West Hills offers solar power systems as a standard feature with its new homes.

Los Angeles-based KB Home has named Tom Silk senior VP marketing and communications. Silk will be responsible for the home builder’s marketing, advertising, communications and social media outreach across its U.S. home-building operations. 

"We are pleased that Tom has joined KB Home as a member of our executive team," said Jeffrey Mezger, president and CEO of KB Home. "I believe having someone of Tom's caliber and expertise in this important role will help us to connect with consumers on a new level." 

Los Angeles-based KB Home has unveiled Primera Terra, one of the largest communities of LEED (Leadership in Energy and Environmental Design) Platinum-certified homes in California, according to the home builder. The 52 luxury condominium homes in Playa Vista are built with sustainable materials and are equipped with energy- and water-saving features.