Company Profile For KB Home

KB Home operates a homebuilding and financial services business serving homebuyers in markets nationwide. It constructs and sells homes through its operating divisions across the United States under the name KB Home. The Company operates in 10 states and 30 markets, including California, Arizona, Nevada, Colorado, Texas, Florida, Maryland, North Carolina, South Carolina and Virginia. The Company’s homebuilding operations offer a variety of homes designed primarily for first-time, first move-up and active adult buyers. The Company’s financial services operations offer mortgage banking, title and insurance services to its homebuyers.

BRIEF: For the fiscal year ended 30 November 2009, KB Home's revenues decreased 40% to $1.82B. Net loss decreased 90% to $101.8M. Revenues reflect lower income from housing & land and a decrease in financial services revenue. 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.