Stock Data
$1.71 (2.96%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
RESIDENTIAL CONSTRUCTION
KB Home is a leading homebuilder in the United States, offering a variety of homes such as single-family residences, townhomes, and condominiums. Catering to a diverse clientele including first-time buyers and active adults, it operates across key regions like Arizona, California, and Texas. Beyond construction, KB Home extends financial services like insurance, title services, and mortgage loans to its customers. Originally Kaufman and Broad Home Corporation, it rebranded to KB Home in 2001 and has been building communities since 1957, with its headquarters in Los Angeles, California.
KB Home beat on revenue but missed earnings as housing gross margins collapsed to 15.2% from 19.3% year ago, squeezed by lower average selling prices and higher costs. Management projects sequential margin improvement in the second half, with Q3 guidance signaling a rebound to 16.0–16.6% gross margins.
KB Home reports after the bell with investors watching for clues on how mortgage rate moves are reshaping new home order demand and full-year guidance.
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