Profile: KB Home (KBH.N)
23 Jun 2017
KB HOME, incorporated on August 31, 1981, is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. The Company operates through five segments, which consist of four homebuilding segments and one financial services segment. Its homebuilding segments include West Coast, Southwest, Central and Southeast. The homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes. The Company's financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding segments, and provides title services in the majority of markets located within its Central and Southeast homebuilding segments.
The West Coast homebuilding segment operates in various markets in California, such as Contra Costa County, Fresno, Los Angeles, Madera, Oakland, Orange County, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Jose, Santa Rosa-Petaluma, Stockton, Vallejo, Ventura and Yuba City. The Southwest homebuilding segment operates in various markets in Arizona, such as Phoenix and Tucson, and in Las Vegas, Nevada. The Central homebuilding segment operates in various markets in Texas, such as Austin, Dallas, Fort Worth, Houston and San Antonio, and in Denver, Colorado. The Southeast homebuilding segment operates in various markets in Florida, such as Daytona Beach, Jacksonville, Lakeland, Orlando, Palm Coast, Punta Gorda, Sarasota, Sebastian-Vero Beach and Tampa, and in Raleigh, North Carolina. The Company offers homes in development communities, at urban in-fill locations and as part of mixed-use projects. The Company's community development process generally consists of four phases: land acquisition, land development into finished lots for a community, home construction and delivery of completed homes to buyers.
10990 Wilshire Blvd
LOS ANGELES CA 90024