Builder Profile: KB Home

You’re not imagining it. KB Home grand opening signs are popping up across the nation. The Los Angeles-based homebuilder has built nearly 600,000 homes since 1957. With award-winning architecture and giving homebuyers a one-of-a-kind feeling in their homes with their Built to Order process—allowing them to choose specific options of their home—the company is committed to providing homes that are both smart and sensible.

Distinguished by its personalized homebuilding approach, KB Home lets each buyer choose their lot location, floor plan, décor choices, design features, and other special touches that matter most to them. A leader in the homebuilding industry in their own right, the company carefully curates an experience for homebuyers in their homebuilding process.

Most recently, KB Home has held grand openings for communities in Fort Meyers, Fla., and Simi Valley and Fremont, Calif. Each of these communities will be built to ENERGY STAR® guidelines and include energy- and water-saving features to help homeowners save money on their utility bills. These single-family homes include the effective sustainable elements that enhance the home’s dependability.

KB Home will continue to create communities where people want to live, with a one-of-a-kind home buying experience.
KB Home will continue to create communities where people want to live, with a one-of-a-kind home buying experience.

In 2015, with their year ending in November, total revenues grew 24 percent from the year-earlier quarter to $985.8 million, marking the company’s 17th consecutive quarter of year-over-year revenue increases. Housing revenues rose 25 percent to $979.8 million from $783.5 million in the fourth quarter of 2014, driven by increased delivery volume and a higher overall average selling price. Additionally, the company delivered 2,580 homes, up 16 percent from 2,229 a year ago, representing its highest number of fourth-quarter deliveries since 2009.

“Our fourth-quarter results represent a strong finish to a successful year for KB Home, where we generated substantial improvement in many key metrics, including our highest fourth-quarter pretax income since 2005,” said Jeffrey Mezger, president and chief executive officer. “In 2015, we achieved measurable growth and profitability, advanced our core strategies and continued to invest in our operating platform. Of particular importance, we effectively targeted and executed on key initiatives that accelerated our revenues and earnings in the second half of the year and produced sequential improvement in our housing gross profit margin as 2015 progressed.”

As the homebuilder continues to evolve, expand into new markets and enhance the home buying experience, the health of the housing market is an important factor when it comes to the success of the company in the future. Their focus will remain on providing a one-of-a-kind homebuyer experience and creating communities where people want to live.

You can count on KB Home to have their finger on the pulse of the industry. “As we move forward, we will remain focused on executing on our strategy, providing an outstanding customer experience, and creating stockholder value.”

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