KB Home Investor Relations Material
KB Home is an American homebuilding company. It primarily focuses on residential construction for a range of customers, with a primary focus on single-family homes. KB Home is known for its unique approach to building homes tailored to its customers' specific preferences. This personalization extends to aspects such as design choices, floor plans, and sustainable building practices. The company is headquartered in Los Angeles, California, and its shares are listed on the NYSE.
A History of Affordable Homes
KB Home originated in Detroit in 1956, founded by Donald Bruce Kaufman and Eli Broad. Their initial project involved building two model homes in Detroit's northeastern suburbs, an area attracting many first-time homebuyers. Their innovative approach streamlined the construction process, notably excluding basements and instead providing a carport. This strategy allowed them to set the home prices at a point where the monthly mortgage payments were lower than the rent for a two-bedroom apartment. This proved to be a successful formula and helped the company expand across the country and into new markets.
KB Home specializes in building a diverse range of residential properties, primarily focusing on single-family homes. These homes vary in size, design, and price, catering to a wide spectrum of buyers, from first-time homeowners to those seeking more spacious or luxurious properties. Many of its homes incorporate eco-friendly materials and are designed to reduce energy consumption, featuring elements like solar power systems, water-saving fixtures, and energy-efficient appliances. Some similar companies to KB Home are D.R. Horton, PulteGroup, and Lennar.
KB Home distinguishes itself with a strong emphasis on customization, allowing buyers to tailor various aspects of their homes to suit personal tastes and needs. This personalization extends to floor plans, interior and exterior design choices, and finishes, offering a broad range of options. Clients can choose everything from room layouts and kitchen designs to flooring and cabinetry, giving customers the ability to move into a home that they’re completely happy with from the get-go.