Summary
KB Home, headquartered in Los Angeles, is one of America’s largest homebuilders, with domestic operations in California, Washington, Arizona, Nevada, Colorado, Texas, Florida, and North Carolina. In FY21, the company delivered 13,427 homes, generating revenue of $5.72 billion. The West Coast segment represented 45% of 4Q homebuilding revenue with just 29% of homes delivered, helped by an average home price of $691,000, up from $640,000 a year earlier. The company targets the lower-middle portion of the market, with approximately half of sales to first-time buyers. Most of the homes the company sells are priced for the median-income household in that market, but KBH has also expanded into higher-priced markets. KBH’s average selling price increased 9% to $422,700 in FY21.
The company’s fiscal year ends on November 30.
Subscribe to Yahoo Finance Plus Essential for full access
Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Source: https://finance.yahoo.com/research/reports/ARGUS_3114_AnalystReport_1688382748000?yptr=yahoo&ncid=yahooproperties_plusresear_nm5q6ze1cei