KB Home

KB Home builds and sells new houses in America. It helps first-time buyers find and personalize their homes. The company also offers insurance and title processing services.

Houses for Every Life Stage

• Residential Construction: Builds single-family homes and condominiums across four United States regions; generated $2.18 billion in revenues during the six-month period ended May 31, 2026.
• Built to Order: Personalizes energy-efficient homes based on customer design choices and lot selections; represented approximately 55% of homes delivered in 2025.
• Financial Services: Manages insurance and title processing services for homebuyers; generated $10.3 million in revenues during the six-month period ended May 31, 2026.

Recent Growth and Land Investments

• Expanded the ending community count to 280 communities as of May 31, 2026, marking an 11% increase year over year.
• Invested $1.06 billion in land and land development during the six-month period ended May 31, 2026, to support future housing growth.
• Repurchased 2.2 million shares of common stock at a total cost of $125.0 million during the first half of 2026.
• Maintained a simplified sales approach for over one year that provides customers with transparent base prices and limited concessions.

Building for Individual Style

KB Home differentiates itself through a personalized building model that allows customers to make design choices before construction begins. The company maintains a strategic focus across the West Coast, Southwest, Central, and Southeast United States.

Financial Results in 2026

• Total revenues were $2.19 billion for the six-month period ended May 31, 2026, down 25% year over year.
• Net income reached $60.8 million for the six-month period ended May 31, 2026, down 72% year over year.
• Ending backlog value was $2.14 billion as of May 31, 2026, a 7% decrease year over year.
• Total liquidity was $1.12 billion as of May 31, 2026, including $199.8 million in cash and cash equivalents.

Bottom Line

KB Home is transitioning toward a higher mix of personalized homes to improve visibility and gross margins. This strategy aims to navigate current economic pressures while maintaining a large backlog of custom properties.