Core Insights - KB Home has announced the grand opening of two new communities, Landings and Reserves at Aven, located in southwest Las Vegas, with home prices starting from the mid $400,000s [1][2]. Group 1: Community Features - The new homes are designed for modern living, featuring spacious layouts with up to five bedrooms and five baths, and include popular amenities such as modern kitchens and expansive bedroom suites [1][3]. - The communities will have planned walking trails and are in proximity to schools and parks, enhancing the family-friendly environment [4][6]. Group 2: Personalization and Customer Experience - KB Home emphasizes building strong relationships with customers, allowing for personalized home designs tailored to individual preferences [3][8]. - The KB Home Design Studio offers a unique experience for homebuyers to select from a variety of design options, ensuring that each home is uniquely built [3][8]. Group 3: Sustainability and Efficiency - KB homes are designed to be energy and water efficient, with many homes achieving ENERGY STAR certification, which is met by fewer than 12% of new homes nationwide [5][8]. - The focus on innovative design aims to create light-filled spaces that promote a healthy indoor environment and reduce utility costs [5]. Group 4: Location and Accessibility - The communities are strategically located for easy access to major highways and employment centers, as well as being close to shopping, dining, and entertainment options [6][7]. - Outdoor recreational areas, such as Red Rock Canyon National Conservation Area, are also within a short drive, enhancing the lifestyle offerings for residents [6].

Core Insights - KB Home has been named to Fortune's 2026 list of World's Most Admired Companies for the 10th time, reflecting its strong reputation and performance in the homebuilding industry [1][2][3] Company Performance - The company scored above industry benchmarks in key categories such as innovation, financial soundness, quality of products, and social responsibility, highlighting its leadership in delivering personalized and affordably priced homes [2][3] Survey Methodology - The recognition is based on an independent survey conducted by Korn Ferry, which evaluated approximately 1,500 companies, including the largest U.S. companies ranked by revenue and non-U.S. companies in the Fortune Global 500 database with revenues of $10 billion or more [3] Leadership Statement - Jeffrey Mezger, Chairman and CEO of KB Home, emphasized that the recognition reflects the company's consistent strategy and the trust earned from customers and communities, focusing on innovation, sustainability, and customer-centric decision-making [3] Company Background - KB Home is one of the largest homebuilders in the U.S., operating in 49 markets and having built over 700,000 homes in nearly 70 years, recognized as the 1 customer-ranked national homebuilder based on third-party surveys [4]

Core Insights - KB Home has announced the grand opening of Point Martin, a new community of townhomes in Daly City, California, priced from mid $1 million, offering a unique opportunity for homebuyers in a prime location [1][2] Group 1: Location and Community Features - Point Martin is situated between the Pacific Ocean and San Francisco Bay, providing stunning views and easy access to top employers, schools, parks, and entertainment venues [1][4] - The community is located near the historic Cow Palace Arena & Event Center, which hosts various events, and is a short drive to popular beaches and outdoor recreation areas [1][4][6] Group 2: Home Design and Personalization - The townhomes feature modern designs with spacious layouts, including three-story floor plans with up to four bedrooms and four baths, and options for additional spaces like a den [1][5] - KB Home emphasizes personalized homebuilding, allowing customers to customize their homes through the KB Home Design Studio, ensuring each home is unique [3][8] Group 3: Sustainability and Efficiency - KB Home's homes are designed to be energy and water-efficient, with many features supporting healthier indoor environments and achieving ENERGY STAR certification, which is met by fewer than 12% of new homes nationwide [5][8] - The company is recognized as an industry leader in sustainability, having delivered more ENERGY STAR certified homes than any other builder [8] Group 4: Accessibility and Lifestyle - Point Martin offers excellent commuter access with proximity to major highways, BART, Caltrain, and San Francisco International Airport, making it convenient for residents working in San Francisco and Silicon Valley [6] - The community is within walking distance to several parks and recreational areas, enhancing the lifestyle for outdoor enthusiasts [6]

Core Viewpoint - KB Home announces the appointment of Robert McGibney as President and Chief Executive Officer, effective March 1, 2026, succeeding Jeffrey Mezger, who will become the first Executive Chairman of the board after two decades as CEO [1][3]. Company Leadership Transition - Robert McGibney, a veteran of KB Home with over 25 years of service, will take over as CEO, while Jeffrey Mezger transitions to Executive Chairman, continuing to play a key management role [1][3][5]. - McGibney has held various leadership positions within the company, including Division President, Regional General Manager, and Chief Operating Officer, before being promoted to President in 2024 [4][5]. Company Achievements and Strategy - Under Mezger's leadership, KB Home has optimized its Built to Order business model, generating profitable growth and high levels of customer satisfaction, alongside sustainability achievements [3][5]. - KB Home is recognized as one of the largest homebuilders in the U.S., having built over 700,000 homes in nearly 70 years, and is noted for its strong customer relationships and personalized homebuying experiences [6]. Future Outlook - The board expresses confidence in McGibney's ability to lead the company into the future, emphasizing the importance of the company's talent management and succession planning processes [5]. - McGibney expresses excitement about the future of KB Home and aims to create long-term value while working closely with Mezger and the senior leadership team [5].

Core Insights - KB Home has announced the grand opening of Mirador Ridge Skies, a new single-story home community in Southeast Tucson, with prices starting from the $360,000s [1][6] - The community is part of the Mirador Point master plan and features personalized home designs, modern amenities, and proximity to award-winning schools and parks [1][3] Company Overview - KB Home is one of the largest and most trusted homebuilders in the U.S., operating in 49 markets and having built over 700,000 homes in nearly 70 years [7] - The company emphasizes building strong relationships with customers and offers a unique home personalization experience [2][7] - KB Home is recognized as the 1 customer-ranked national homebuilder based on homebuyer satisfaction surveys [2][7] Community Features - Mirador Ridge Skies offers single-story floor plans with up to four bedrooms and two-and-a-half baths, designed for modern living with features like spacious great rooms and walk-in closets [1][3] - Planned community amenities include a park with walking paths, enhancing the lifestyle for homeowners [3][5] Location and Accessibility - The community is strategically located at the intersection of South Houghton Road and East Valencia Road, providing easy access to Interstate 10 and Tucson International Airport [5] - Nearby major employers include Raytheon, UA Tech Park, Amazon Fulfillment Center, and Target Distribution Center, making it a commuter-friendly location [5] Sustainability and Energy Efficiency - KB Home focuses on innovative design and energy efficiency, with homes engineered to be ENERGY STAR certified, which is a standard met by fewer than 12% of new homes nationwide [4] - The company aims to provide healthier indoor environments and lower utility costs for homeowners [4][7]

Financial Performance and Projections - As of November 30, 2025, the company had a backlog of homes valued at approximately $X billion, which represents potential future housing revenues [54]. - The company delivered homes in a seasonal pattern, with 30% of deliveries occurring in the second quarter of 2025, compared to 36% in the second quarter of 2024 [60]. - The company does not use interest rate derivative instruments to manage exposure to changes in interest rates, which may affect future earnings and cash flows [319]. - As of November 30, 2025, the total fixed-rate debt is projected to be $1,340,000, with a fair value of $1,333,188 [321]. - The weighted average effective interest rate for fixed-rate debt in 2025 is 5.9%, with specific rates of 7.1% for 2027 and 7.5% for 2030 [321]. - The variable rate debt amounts to $360,000, with a weighted average effective interest rate of 5.4% as of November 30, 2025 [321]. - A 100 basis-point increase in the interest rate would increase annual interest expenses by approximately $3.6 million [321]. - For the year ending November 30, 2024, the total fixed-rate debt is also projected to be $1,340,000, with a fair value of $1,309,700 [322]. - The weighted average effective interest rate for fixed-rate debt in 2024 is 5.9%, with a specific rate of 7.1% for 2027 [322]. - The variable rate debt for 2024 is $360,000, with a weighted average effective interest rate of 6.0% [322]. - The financial services unconsolidated joint venture, KBHS, is exposed to interest rate risk related to its lending activities [324]. - KBHS utilizes best efforts forward sale commitments to manage interest rate risk and does not engage in speculative derivative activities [324]. - The entire loan portfolio of KBHS is held for sale and is subject to best efforts forward sale commitments [324]. Employee and Organizational Culture - Employee turnover for 2025 was 18%, with 16% voluntary departures and 2% involuntary separations, consistent with industry standards [65]. - The company employed approximately 2,118 full-time employees as of November 30, 2025, down from 2,384 in 2024 [62]. - The company has implemented a comprehensive wellness program for employees, promoting physical and mental health [72]. - The company has established partnerships with academic institutions to enhance its talent pipeline and recruit exceptional candidates [68]. - The company has a strong organizational culture, with senior corporate executives maintaining an average tenure of approximately 19 years [62]. Sustainability and Environmental Initiatives - The company has built over 217,000 ENERGY STAR certified homes, saving homeowners an estimated average of over $1,400 annually on utility bills compared to typical resale homes [76]. - The company has committed to building WaterSense labeled homes in all future Arizona, California, and Nevada communities, contributing to an estimated savings of 2.2 billion gallons of water per year [76]. - The company aims to enhance energy efficiency and water conservation in homes, with goals based on EPA standards [76]. - The company has a Supplier Code of Conduct that emphasizes fair treatment of workers and environmentally responsible operations, aligning with its sustainability goals [86]. - The board of directors maintains a governance framework with 90% independent directors and a strong focus on sustainability initiatives, reflecting a commitment to stockholder engagement [88]. - The company has been recognized as one of America's Most Responsible Companies by Newsweek for six consecutive years, highlighting its leadership in environmental and social practices [83]. Community Engagement and Safety - The company has invested in community initiatives through its KB Cares program, focusing on shelter, sustainability, and construction skills [82]. - The company introduced the nation's first new-home community meeting wildfire resilience standards in March 2025, utilizing fire-resistant materials and methods to significantly reduce wildfire spread risk [81]. - The company has partnered with IBACOS® since 2014 for annual jobsite safety reviews, ensuring compliance with safety obligations across nearly 50 checkpoints [80]. - The company aims to expand the application of IBHS standards to other new-home communities in 2026 and beyond, enhancing safety and resilience [81]. Customer Satisfaction - In 2025, the company received 18 division-level AvidCX awards, including the prestigious AvidCX Cup, based on customer satisfaction surveys from new homeowners [84].

Core Insights - KB Home has announced the grand opening of Haven at Crosswinds, a new community in Morgan Hill, California, with homes priced from the mid $800,000s [1][2] Group 1: Community Features - Haven at Crosswinds offers personalized townhomes designed for modern living, featuring up to three bedrooms and three-and-a-half baths, with some plans including a first-floor suite [1][4] - The community will include amenities such as a pool, park, children's playground, and clubhouse with a lounge and barbecue area, all within walking distance to local schools and parks [1][4] Group 2: Location Advantages - The community is strategically located near U.S. Highway 101, providing easy access to major employers in Silicon Valley, including Google, Apple, and Intel, as well as recreational areas like Henry W. Coe State Park [6] - Proximity to downtown Morgan Hill offers residents shopping, dining, and entertainment options, enhancing the overall lifestyle [6] Group 3: Company Commitment - KB Home emphasizes building strong, personal relationships with customers, allowing for a unique homebuying experience tailored to individual preferences [3][9] - The company is recognized as the 1 customer-ranked national homebuilder based on homebuyer satisfaction surveys, reflecting its commitment to quality and customer service [3][9] Group 4: Sustainability and Efficiency - KB Home focuses on innovative design and energy efficiency, with homes engineered to be ENERGY STAR certified, which is achieved by fewer than 12% of new homes nationwide [5] - The company aims to lower the total cost of homeownership through sustainable building practices and energy-efficient designs [9]

Group 1 - KB Home's board of directors has declared a quarterly cash dividend of $0.25 per share on the Company's common stock, payable on February 19, 2026, to stockholders of record on February 5, 2026 [1] - KB Home is one of the largest and most trusted homebuilders in the United States, operating in 49 markets and having built over 700,000 homes in nearly 70 years [2] - The company is recognized as the 1 customer-ranked national homebuilder based on third-party buyer surveys, emphasizing strong customer relationships and personalized homebuying experiences [2] Group 2 - KB Home is an industry leader in sustainability, achieving high residential energy-efficiency ratings and delivering more ENERGY STAR® certified homes than any other builder [2] - The company's focus on sustainability helps lower the total cost of homeownership for its customers [2]

Core Insights - KB Home has launched the Stone Canyon community in Sacramento, which is the first in Northern California to meet the IBHS wildfire resilience standards, aimed at reducing wildfire risk and potentially lowering home insurance costs [1][5]. Group 1: Community Features - Stone Canyon will consist of 24 single-story homes, built to the Wildfire Prepared Home Plus standard, and will receive certification for meeting IBHS's stringent homesite-level requirements [3]. - The community will also earn a provisional Wildfire Prepared Neighborhood designation, enhancing its resilience against wildfires [3]. - Each home will be ENERGY STAR certified and WaterSense labeled, providing greater comfort and utility cost savings compared to non-certified homes [3]. Group 2: Construction Standards - Homes in Stone Canyon will incorporate fire-resistant materials and construction methods, including Class A fire-rated roofs, noncombustible gutters, and ember-resistant vents, designed to protect against direct flame contact and radiant heat [4]. - The neighborhood design includes a 5-foot noncombustible buffer around structures and separation of most homes by more than 10 feet to further reduce wildfire risk [4]. Group 3: Market Position and Pricing - The homes are designed for modern living, featuring spacious layouts ranging from 2,300 to 2,800 square feet, with prices starting from the $780,000s [6]. - Stone Canyon is KB Home's second community designated as a Wildfire Prepared Neighborhood, following Dixon Trail in Escondido, showcasing the company's commitment to addressing wildfire risks in California [5].

Core Insights - KB Home has announced the grand opening of Watermill, a new home community in Uhland, Texas, with homes priced from the mid $200,000s [1][5] - The community features personalized home designs, modern amenities, and is strategically located near Texas State University and various outdoor recreational areas [3][4] Company Overview - KB Home is one of the largest and most trusted homebuilders in the U.S., operating in 49 markets and having built over 700,000 homes in nearly 70 years [6] - The company emphasizes building strong personal relationships with customers, allowing for unique home personalization [2][6] Community Features - Watermill offers one- and two-story homes with up to five bedrooms and three-and-a-half baths, along with community amenities such as a playground, park, pavilion, and walking paths [1][3] - The location provides easy access to major highways and is close to shopping and dining options [4] Home Design and Efficiency - KB Home focuses on innovative designs that promote contemporary living, featuring energy and water-efficient homes that are ENERGY STAR certified [3][6] - The homes are designed to support healthier indoor environments and provide utility cost savings [3][7]