KB Home (KBH) closed the latest trading day at $60.66, indicating a +1.15% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.06%. At the same time, the Dow added 0.13%, and the tech-heavy Nasdaq gained 0.24%.The homebuilder's shares have seen a decrease of 5.11% over the last month, not keeping up with the Construction sector's gain of 5.33% and the S&P 500's gain of 6.45%.Market participants will be closely following the financial results of KB Home ...

KB Home (KBH) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this homebuilder have returned -6%, compared to the Zacks S&P 500 composite's +5.3% change. During this period, the Zacks Building Products - Home Builders industry, which KB Home falls in, has gained 2.2%. The key question now is: What could be the stock's future direction?While media releases ...

The latest trading session saw KB Home (KBH) ending at $59.92, denoting a -1.48% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw an increase of 1.74%.Prior to today's trading, shares of the homebuilder had lost 0.13% over the past month. This has lagged the Construction sector's gain of 0.85% and the S&P 500's gain of 2.93% in that time.The investment community will be closely mo ...

ELK GROVE, Calif.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of Lexington, Fairfax and Hayworth at The Grove in highly desirable Elk Grove, California. The new homes at Lexington, Fairfax and Hayworth at The Grove are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. The two-story homes at Lexington at The Grove offer up to four bedrooms and thre ...

KB Home (KBH) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this homebuilder have returned -5.1% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Building Products - Home Builders industry, to which KB Home belongs, has lost 0.8% over this period. Now the key question is: Where could the stock be headed in the near term?While media rel ...

ANAHEIM, Calif.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of Palm Court, its latest townhome community in Anaheim, California. These new homes are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community’s three-story floor plans feature up to four bedrooms and four baths. Homeowners will also appreciate being walking distance t ...

DALLAS--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of Princeton Estates, its latest new-home community in Princeton. These new homes are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and lofts. The community’s one- and two-story floor plans feature up to six bedrooms and four baths. What sets KB Home apart is the company’s focus on building strong, person ...

LOS ANGELES--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced that Robert McGibney has been promoted to President in addition to his current role of Chief Operating Officer, effective February 1, 2024. In this expanded position, Mr. McGibney will continue to have overall responsibility for the Company’s operations, while also directing business strategy, community count and revenue growth, along with leadership development. Additionally, Mr. McGibney will continue to lead key strategic support functions ...

COVINGTON, Wash.--(BUSINESS WIRE)--KB Home (NYSE: KBH) today announced the grand opening of Jenkins Landing, its latest new-home community in desirable Covington, Washington. The new two-story homes at Jenkins Landing are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community’s floor plans feature up to five bedrooms and three baths. Homeowners will apprec ...

Workforce and Employee Management - As of November 30, 2023, the company had approximately 2,205 full-time employees, down from 2,366 in 2022, with a turnover rate of 27% in 2023 compared to 21% in 2022[52] - The company’s workforce diversity includes approximately 42% females and 37% ethnic and racial minorities as of November 30, 2023[58] - The company’s training platform, KBU, provided over 28,169 courses completed by employees in 2023, averaging approximately 13 courses per employee[59] - The company’s leadership team has an average tenure of 21 years, contributing to consistency in management and company culture[55] Financial Performance and Debt Management - The company has total fixed rate debt of $1.34 billion as of November 30, 2023, with a fair value of $1.26 billion[314] - The weighted average effective interest rate for fixed rate debt is 5.9%[314] - The company has variable rate debt of $360 million, with a weighted average effective interest rate of 6.8%[314] - A 100 basis-point increase in the interest rate would increase annual interest expenses by approximately $3.6 million[314] - The company does not use interest rate derivative instruments to manage exposure to interest rate changes[313] - KBHS, the financial services joint venture, manages interest rate risk through best efforts forward sale commitments[318] - The company’s unconsolidated joint ventures' debt is not included in the primary debt tables[317] - The company intends to provide financial reports free of charge upon request, enhancing transparency for investors[89] - The investor relations website serves as the primary source for financial and operational performance updates[89] - The company does not engage in speculative or trading derivative activities related to its lending operations[318] Construction and Delivery Performance - The backlog at the end of the period consists of homes under contract but not yet delivered, influenced by cancellations, deliveries, and community count[46] - In 2023, net orders increased by 19% in Q1, 36% in Q2, 28% in Q3, and 17% in Q4, while homes delivered increased by 21% in Q1, 28% in Q2, 25% in Q3, and 26% in Q4[51] Sustainability and Environmental Initiatives - The company has built over 188,000 ENERGY STAR certified homes since 2000, achieving an average energy efficiency improvement of 20% compared to local code homes[66] - The average annual savings for homeowners in utility bills is estimated at $1,400 compared to typical resale homes[66] - The company’s sustainability initiatives are guided by a National Advisory Board established in 2009, focusing on energy efficiency and reducing greenhouse gas emissions[64] - The company aims to reduce GHG emissions from homes built in 2025 by 0.5 metric tons per year, or 8%, from the estimated 6 metric tons per year average for homes built in 2020, targeting a HERS Index score reduction from 50 to 45 by 2025[67] - Over 20,000 homes with solar-paneled power systems have been delivered, producing an estimated total of 860 million kilowatt hours of electrical power; in 2023, over 3,000 solar homes were built in California, representing approximately 100% of homes built in the state that year[68] - Approximately 38% of total homes delivered in 2023 were all-electric, producing about 3,800 pounds less CO per year compared to dual-fuel homes[70] - In 2023, more than 2,800 WaterSense labeled homes were built, compared to 1,760 in 2022, contributing to an estimated savings of 1.7 billion gallons of water per year[74] - The company has received 29 ENERGY STAR Market Leader Awards in 2023, setting a new industry record for energy-efficient homes[76] - The company was recognized as the highest-ranked homebuilder on Newsweek's 2023 list of America's Climate Leaders, based on annualized reductions in emission intensity[77] - The company has committed to using WaterSense labeled products, which use at least 20% less water compared to non-labeled products, and aims for homes to be at least 30% more water efficient than typical new homes[73] - The company has implemented high-performance ventilation systems and MERV-13 rated air filters in all new homes since mid-2021 to improve indoor air quality[70] - The company has a Supplier Code of Conduct that encourages suppliers to operate in an environmentally responsible manner and minimize waste[82] - The company has partnered with local nonprofits to contribute to community initiatives, including planting 50 million trees in collaboration with the National Forest Foundation[81]