Company Profile For KB Home

KB Home is a builder of single-family homes, townhomes and condominiums. The Company operates in Arizona, California, Colorado, Florida, Nevada, North Carolina, South Carolina and Texas. The Company also offers mortgage services through Countrywide KB Home Loans, a joint venture with a subsidiary of Bank of America N.A. Through its financial services subsidiary, KB Home Mortgage Company (KBHMC), the Company provides title and insurance services to its homebuyers. As of November 30, 2008, the Company operated in five reporting segments, which included four homebuilding reporting segments and one financial services reporting segment.

BRIEF: For the nine months ended 31 August 2009, KB Home's revenues decreased 46% to $1.15B. Net loss decreased 70% to $202.5M. Revenues reflect lower housing income and a decline in the average selling prices. Net loss was offset by a decrease in construction & land costs, lower selling, general & administrative expenses, decreased financial service expenses and the absence of goodwill impairment expenses.