US48666K1097 - Common Stock
46.09 +0.62 (+1.36%)
NYSE:KBH (9/27/2023, 9:02:59 AM)
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KB Home engages in selling and building a variety of new homes. The company is headquartered in Los Angeles, California and currently employs 2,366 full-time employees. The firm builds a variety of new homes designed primarily for first-time and first move-up, as well as second move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes, and condominiums. The firm's segments include homebuilding, and financial services. Its homebuilding segments consist of four segments: West Coast, Southwest, Central, and Southeast. Its homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes and offer a variety of homes that are designed to appeal to first-time, first move-up and active adult homebuyers. Its financial services segment offers property and casualty insurance, and, in certain instances, earthquake, flood and personal property insurance to its homebuyers and provides title services in markets located within its Southwest, Central and Southeast homebuilding segments. The company provides mortgage banking services.
10990 Wilshire Blvd
Los Angeles CALIFORNIA 90024
CEO: Jeffrey T. Mezger
As market dynamics shift, select homebuilding stocks are flashing caution signs, urging investors to reevaluate and act swiftly.
Treasury yields surged to long-term highs, while leading stocks buckled.
Negative sentiment took broader markets sharply lower.
Instead, the builder is catering to buyers through customization and a rate lock.
BlackRock has a 11% stake in KB Home.
KB Home (KBH) fiscal Q3 earnings easily topped the Wall Street consensus as demand for homes remained solid even with high mortgage rates
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