KB Home(KBH)
Search documents
BofA Maintains Neutral Stance on KB Home (KBH) Amid 2026 Industry Pressures
Yahoo Finance· 2026-02-07 12:44
Group 1: Company Overview - KB Home (NYSE:KBH) is a long-established American homebuilder founded in 1957, headquartered in Los Angeles, California, focusing on building customizable homes across multiple U.S. markets [3] Group 2: Financial Performance - In fiscal 2025, KB Home reported total revenues exceeding $6.2 billion and nearly $430 million in net income, reflecting a 10% increase in book value per share [2] Group 3: Market Outlook - BofA analyst Rafe Jadrosich raised the price target on KB Home to $63 from $58 while maintaining a Neutral rating, noting that fundamentals are likely to face pressure through 2026 due to weaker employment, migration trends, persistent inflation, and a competitive selling environment [1] - The homebuilding sector is expected to experience a "reset year" in 2026, driven by elevated new and resale inventory [1]
KB HOME ANNOUNCES THE GRAND OPENING OF ITS NEWEST COMMUNITY IN HIGHLY DESIRABLE ROCKLIN, CALIFORNIA
Prnewswire· 2026-02-06 13:00
Quarry Row offers personalized new homes just minutes from highly rated schools and local parks, priced from the low $500,000s. ROCKLIN, Calif., Feb. 6, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Quarry Row, a new-home community in highly desirable Rocklin, California. Situated between Sacramento and the Sierra Nevada foothills, Rocklin offers small-town charm, family friendly activities, premier shopping and d ...
10 Best Affordable Housing Stocks to Buy
Insider Monkey· 2026-02-05 15:56
In this article, we will discuss 10 Best Affordable Housing Stocks to Buy.Housing stocks offer investors a liquid, accessible way to gain exposure to the residential real estate market without the capital intensity or operational complexity of owning physical property. As the industry moves into 2026, the investment case is strengthening, supported by long-term structural housing demand, constrained supply across many U.S. markets, and a shifting interest-rate environment that increasingly favors borrowing. ...
These Homebuilder Stocks Get a Boost Following Report of Plan to Build 'Trump Homes'
Investopedia· 2026-02-04 18:46
-- These Homebuilder Stocks Get a Boost Following Report of Plan to Build 'Trump Homes' [S&P 500, Nasdaq Drop as Tech Stocks Tumble][AMD's Stock Sinks Despite Solid Earnings][Trump Signs Bill Reopening Government][Where Are Gold and Silver Prices Headed Next?]- Top StoriesThe U.S. is estimated to have a shortage of several million homes.I RYU / VCG / Getty ImagesClose### Key Takeaways- A "Trump homes" proposal could see hundreds of thousands of new homes built for a rent-to-own program, Bloomberg reported.- ...
KB HOME ANNOUNCES THE GRAND OPENING OF TWO NEW COMMUNITIES IN HIGHLY DESIRABLE SOUTHWEST LAS VEGAS
Prnewswire· 2026-01-30 13:00
Landings and Reserves at Aven offer personalized new homes on large homesites close to schools and outdoor recreation, priced from the mid $400,000s. LAS VEGAS, Jan. 30, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Landings and Reserves at Aven. These new communities are situated in a prime southwest Las Vegas location, which offers a perfect blend of family friendly activities, outdoor adventure and picturesque ...
KB HOME NAMED TO FORTUNE'S WORLD'S MOST ADMIRED COMPANIES LIST FOR 10TH TIME
Prnewswire· 2026-01-30 13:00
LOS ANGELES, Jan. 30, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., has been named to Fortune's 2026 list of World's Most Admired Companies. The annual ranking, compiled by Fortune in partnership with Korn Ferry, is based on an independent survey of thousands of senior executives, directors and analysts who evaluate companies on reputation and performance. Continue Reading This marks the 10th time that KB Home has been named to the list. The company ...
KB HOME ANNOUNCES A RARE OPPORTUNITY TO OWN A NEW HOME IN A PRIME DALY CITY, CALIFORNIA LOCATION
Prnewswire· 2026-01-30 13:00
Point Martin offers personalized, new townhomes in a picturesque hilltop location close to schools, parks and entertainment and a short drive to popular beaches, priced from mid $1M. DALY CITY, Calif., Jan. 30, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Point Martin, which provides a rare opportunity to own a new home in a prime San Francisco Peninsula location. Situated between the Pacific Ocean and San Franci ...
KB HOME NAMES ROBERT MCGIBNEY CHIEF EXECUTIVE OFFICER
Prnewswire· 2026-01-28 21:10
McGibney, 51, joined KB Home in 2000 in its Las Vegas division, and held roles of increasing responsibility with the Company from Division President (2012) to Regional General Manager (2016), Regional President (2018), and Chief Operating Officer and Executive Vice President (2021). In 2024, McGibney was elevated to President, with overall responsibility for the Company's operations, while also directing business strategy, community and revenue growth and key strategic support functions, such as architectur ...
KB HOME ANNOUNCES THE GRAND OPENING OF ITS THIRD NEW COMMUNITY WITHIN THE DESIRABLE MIRADOR POINT MASTER PLAN IN SOUTHEAST TUCSON
Prnewswire· 2026-01-23 22:41
Core Insights - KB Home has announced the grand opening of Mirador Ridge Skies, a new single-story home community in Southeast Tucson, with prices starting from the $360,000s [1][6] - The community is part of the Mirador Point master plan and features personalized home designs, modern amenities, and proximity to award-winning schools and parks [1][3] Company Overview - KB Home is one of the largest and most trusted homebuilders in the U.S., operating in 49 markets and having built over 700,000 homes in nearly 70 years [7] - The company emphasizes building strong relationships with customers and offers a unique home personalization experience [2][7] - KB Home is recognized as the 1 customer-ranked national homebuilder based on homebuyer satisfaction surveys [2][7] Community Features - Mirador Ridge Skies offers single-story floor plans with up to four bedrooms and two-and-a-half baths, designed for modern living with features like spacious great rooms and walk-in closets [1][3] - Planned community amenities include a park with walking paths, enhancing the lifestyle for homeowners [3][5] Location and Accessibility - The community is strategically located at the intersection of South Houghton Road and East Valencia Road, providing easy access to Interstate 10 and Tucson International Airport [5] - Nearby major employers include Raytheon, UA Tech Park, Amazon Fulfillment Center, and Target Distribution Center, making it a commuter-friendly location [5] Sustainability and Energy Efficiency - KB Home focuses on innovative design and energy efficiency, with homes engineered to be ENERGY STAR certified, which is a standard met by fewer than 12% of new homes nationwide [4] - The company aims to provide healthier indoor environments and lower utility costs for homeowners [4][7]
KB Home(KBH) - 2025 Q4 - Annual Report
2026-01-23 21:31
Financial Performance and Projections - As of November 30, 2025, the company had a backlog of homes valued at approximately $X billion, which represents potential future housing revenues [54]. - The company delivered homes in a seasonal pattern, with 30% of deliveries occurring in the second quarter of 2025, compared to 36% in the second quarter of 2024 [60]. - The company does not use interest rate derivative instruments to manage exposure to changes in interest rates, which may affect future earnings and cash flows [319]. - As of November 30, 2025, the total fixed-rate debt is projected to be $1,340,000, with a fair value of $1,333,188 [321]. - The weighted average effective interest rate for fixed-rate debt in 2025 is 5.9%, with specific rates of 7.1% for 2027 and 7.5% for 2030 [321]. - The variable rate debt amounts to $360,000, with a weighted average effective interest rate of 5.4% as of November 30, 2025 [321]. - A 100 basis-point increase in the interest rate would increase annual interest expenses by approximately $3.6 million [321]. - For the year ending November 30, 2024, the total fixed-rate debt is also projected to be $1,340,000, with a fair value of $1,309,700 [322]. - The weighted average effective interest rate for fixed-rate debt in 2024 is 5.9%, with a specific rate of 7.1% for 2027 [322]. - The variable rate debt for 2024 is $360,000, with a weighted average effective interest rate of 6.0% [322]. - The financial services unconsolidated joint venture, KBHS, is exposed to interest rate risk related to its lending activities [324]. - KBHS utilizes best efforts forward sale commitments to manage interest rate risk and does not engage in speculative derivative activities [324]. - The entire loan portfolio of KBHS is held for sale and is subject to best efforts forward sale commitments [324]. Employee and Organizational Culture - Employee turnover for 2025 was 18%, with 16% voluntary departures and 2% involuntary separations, consistent with industry standards [65]. - The company employed approximately 2,118 full-time employees as of November 30, 2025, down from 2,384 in 2024 [62]. - The company has implemented a comprehensive wellness program for employees, promoting physical and mental health [72]. - The company has established partnerships with academic institutions to enhance its talent pipeline and recruit exceptional candidates [68]. - The company has a strong organizational culture, with senior corporate executives maintaining an average tenure of approximately 19 years [62]. Sustainability and Environmental Initiatives - The company has built over 217,000 ENERGY STAR certified homes, saving homeowners an estimated average of over $1,400 annually on utility bills compared to typical resale homes [76]. - The company has committed to building WaterSense labeled homes in all future Arizona, California, and Nevada communities, contributing to an estimated savings of 2.2 billion gallons of water per year [76]. - The company aims to enhance energy efficiency and water conservation in homes, with goals based on EPA standards [76]. - The company has a Supplier Code of Conduct that emphasizes fair treatment of workers and environmentally responsible operations, aligning with its sustainability goals [86]. - The board of directors maintains a governance framework with 90% independent directors and a strong focus on sustainability initiatives, reflecting a commitment to stockholder engagement [88]. - The company has been recognized as one of America's Most Responsible Companies by Newsweek for six consecutive years, highlighting its leadership in environmental and social practices [83]. Community Engagement and Safety - The company has invested in community initiatives through its KB Cares program, focusing on shelter, sustainability, and construction skills [82]. - The company introduced the nation's first new-home community meeting wildfire resilience standards in March 2025, utilizing fire-resistant materials and methods to significantly reduce wildfire spread risk [81]. - The company has partnered with IBACOS® since 2014 for annual jobsite safety reviews, ensuring compliance with safety obligations across nearly 50 checkpoints [80]. - The company aims to expand the application of IBHS standards to other new-home communities in 2026 and beyond, enhancing safety and resilience [81]. Customer Satisfaction - In 2025, the company received 18 division-level AvidCX awards, including the prestigious AvidCX Cup, based on customer satisfaction surveys from new homeowners [84].