KB Home (NYSE: KBH)
Headquarters: Los Angeles, CA
CEO: Bruce
Karatz
Employees*: Approximately 6,700
Home Types: First-time, Move-up,
Empty Nester
Average price: $229,200
Year end: November 30 |
KB Home was founded in 1957 as Kaufman and Broad, Inc. in Detroit,
and became the first homebuilder to go public in 1969. In 2005,
the company delivered more than 37,000 homes annually, with price
points ranging from $80,000 to over $1.5 million.
Smart financing is offered through Countrywide KB Home Loans, a joint venture
between KB Home and Countrywide
Operating in 16 states and France, KB Home's growth strategy
focuses on organic growth in new and existing markets, as well
as growth by acquisition. Since 2004, KB Home has completed the
acquisitions of Atlanta-based Colony Homes, Chicago-based Zale
Homes,South Carolina-based Palmetto Traditional Homes, and Indiana-based
Dura Builders. Through
the company's KBnxt business model, KB Home builds homes only
after the company has lined up a buyer with mortgage approval.
The company also returned the power of choice to its homebuyers
by offering more than 5,000 custom options to personalize their
homes at KB Home Studios.
For the year ended November 30, 2005, total revenues reached
$9.44 billion, while net income was $842.4 million. Backlog at
year end stood at 25,722 units, valued at approximately $6.76
billion.
For more information, click
here to visit KB Home's Web site.
* Employee figures are for the calendar
year 2004. |
