KB Home
kbhome.comKB Home (NYSE: KBH) is a U.S. residential homebuilding company that designs, builds, and sells new homes across nine states. Revenue is transactional, generated at closing when homes are delivered to buyers. Homebuilding operations accounted for 99.6% of total revenues in FY2025, with the remaining 0.4% from financial services including insurance products, title services, and mortgage originations through KBHS Home Loans, LLC, an unconsolidated joint venture. Founded in 1957 and headquartered in the United States, KB Home has delivered over 700,000 homes since inception (as of the 10-K filed 2026-01-23). The company targets first-time and first move-up buyers as its core customer segments, and competes against national, regional, and local homebuilders as well as resale homes, single-family rentals, and apartments. KB Home organizes its homebuilding operations into four reporting segments: West Coast, Southwest, Central, and Southeast, spanning 49 major markets as of November 30, 2025.
Products & Services
Attached and detached single-family residential homes, townhomes, and condominiums offered in development communities, urban in-fill locations, and mixed-use projects. Financial services include homebuyer insurance products, title services in select markets, and residential consumer mortgage loan originations through KBHS Home Loans, LLC.
Revenue Model
Transactional revenue recognized at home delivery closing. Homebuilding (99.6% of FY2025 total revenues) is the primary stream. Financial services (0.4% of FY2025 total revenues) contributes through insurance products, title services, and indirect mortgage originations via the KBHS Home Loans unconsolidated joint venture.
Customers & Markets
Primary buyers are first-time and first move-up homebuyers, with secondary segments including second move-up and active adult buyers. Demand is seasonal, with higher deliveries and revenues typically concentrated in the third and fourth fiscal quarters.
Geographic Exposure
Operations in nine states across 49 major markets as of November 30, 2025. Segments are West Coast (California, Idaho, Washington), Southwest (Arizona, Nevada), Central (Colorado, Texas), and Southeast (Florida, North Carolina). A reentry into the Atlanta, Georgia market was announced in FY2025 but no land had been acquired or homes listed as of November 30, 2025.
Financial Snapshot
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