KB Home operates as a homebuilding company in the United States. The company constructs and sells homes through its operating divisions under the name KB Home. It offers homes in development communities, at urban in-fill locations and as part of mixed-use projects. Segments As of November 30, 2014, the company had five segments, consisted of four Homebuilding segments and one Financial Services segment. The Homebuilding segments conducted ongoing operations in various states, including West Coast: California; Southwest: Arizona and Nevada; Central: Colorado, New Mexico, and Texas; and Southeast: Florida, Maryland, North Carolina and Virginia. The Homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes and offer various homes that are designed to appeal to first-time, move-up and active adult homebuyers. It delivers completed homes to homebuyers, and to a lesser extent from the sale of land. Through its 4 Homebuilding segments, the company delivered 7,215 homes, as of November 30, 2014. The Financial Services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to homebuyers in the same markets as the Homebuilding segments and provides title services in the majority of markets located within Central and Southeast homebuilding reporting segments. Home Community Mortgage, LLC In January 2013, the company entered into an agreement with Nationstar Mortgage LLC to form Home Community Mortgage, LLC, a mortgage banking company that would offer a range of mortgage banking services to its homebuyers. Seasonality The company’s performance is affected by seasonal demand trends for housing. The company tends to generate more net orders in spring and early summer months (corresponding to most of its second and part of third quarters) than at other times of the year. With homebuying approach and typical home construction cycle times, this ‘selling season’ demand results in delivering more homes and generating higher revenues from late summer through the fall months (corresponding to part of third and fourth quarters). History The company was founded in 1957. It was incorporated in 1981. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in 2001.
kb home (KBH:New York)
10990 Wilshire Boulevard
Los Angeles, CA 90024
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