what does kb homes stand for

by Dr. Evan Nicolas Published 3 years ago Updated 2 years ago

Kaufman & Broad

Full Answer

What is KB Home and how does it work?

What is KB Home? KB Home is a home builder that offers innovative designs, personalized floor plans and flexible pricing on new homes. Its designers work with homebuyers in communities across Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas and Washington.

How many homes has KB Home built since its founding?

The company has built 600,000 homes since its founding. It builds homes primarily for first-time home buyers. KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad.

What is KB Home's sustainability report?

In April 2008, KB Home published its first sustainability report, which outlined the company's environmental, social responsibility and economic sustainability accomplishments. The company has since produced this report annually for 13 years, with the latest report released in April 2020.

Who is the CEO of KB Home?

Jeffrey Mezger, President and CEO of KB Home, shares his views on real customer obsession and reveals how any business, online and off, can look to homebuilding for new ideas on how to relentlessly put customers at the center of everything. KB Home is proud to be the #1 Customer-Ranked National Homebuilder.

See more

Who started KB Home?

Eli Broad is a serial Fortune 500 creator. He built KB Home and SunAmerica into billion-dollar companies, establishing himself among the ranks of the world's richest people. Forbes estimates the 83-year-old has a net worth of $7.3 billion.

Whats included in a KB Home?

Our homeowners enjoy open floor plans with large master bedrooms, flexible living spaces to accommodate evolving priorities, and thoughtful details like extra storage and generous kitchen countertops. It's all included in the base price.

When was KB Home founded?

1957, Detroit, MIKB Home / Founded

How many employees does KB Home have?

KB Home corporate office is located in 10990 Wilshire Blvd, Los Angeles, California, 90024, United States and has 3,925 employees.

What kind of paint does KB Homes use?

KB Home Announces Exclusive Use of Sherwin-Williams Environmentally Preferred Paints in All New Homes.

What should I upgrade in a new build?

These high-ROI new construction upgrades add value to your home during new construction.Wood floors. Generally, carpet comes standard everywhere except for the kitchen, bathrooms, entryway and hallways. ... Roughed-in plumbing. ... Electrical. ... Master bathroom tilework. ... Radiant floor heating. ... Deeper basement. ... Appliances. ... Lighting.More items...•

Who are KB Homes competitors?

D. R. HortonLennarPulteGroupCalAtlantic HomesMDC HoldingsKB Home/Competitors

How did Broad make his money?

2021 Billionaires Net Worth Eli Broad, who amassed a multi-billion dollar fortune from home-building and insurance, died in April 2021 at age 87. Kaufman & Broad, which he cofounded in 1957, became one of the nation's biggest home builders, supplying affordable tract homes.

Is KB Home stock a buy?

KB Home has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 11 buy ratings, no hold ratings, and 2 sell ratings.

Is KB Home a good company?

KB Home has a reputation for building quality new construction homes. Their satisfied homeowners give them an average rating of 4.6 stars for their beautiful floor plans and affordable upgrades, their skilled craftsmanship, and commitment to customer service on each house they build.

Where is KB Home headquarters?

Los Angeles, CAKB Home / Headquarters

Where is Kb Home located?

KB Home headquarters in the Westwood district of Los Angeles. KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder and was a Fortune 500 company from 2000 through 2008. Its headquarters are in Los Angeles, California ...

Who built the KB home?

KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad. Their first venture together was the construction of two model homes in the Northeast Detroit suburbs, where a new generation of first-time home buyers were flocking. By streamlining the construction process and eliminating basements, offering a carport instead, they could price the houses so the monthly mortgage would be less than the rent for a two-bedroom apartment. Kaufman and Broad christened this model the "Award Winner" and priced it at $13,700. After one weekend, seventeen were sold and within two years, Kaufman and Broad had built 600 homes in the Detroit suburbs.

How many homes did a sandbox deliver in 2012?

In fiscal year 2012, the company delivered 6,282 homes in the United States and had revenue of over $1.5 billion. This revenue figure is down from 2005 (at the height of the real estate boom), when the company delivered close to 40,000 homes and had more than $9 billion in revenue.

When was the KB Home report released?

When was KB Home sued?

In 2001 KB Home was sued when homeowners in a subdivision in Arlington, Texas discovered that their homes were built on top of a practice bombing range from the 1940s and 50s which the military had cleared for development. That suit has since been settled. The Army Corps of Engineers was engaged in remediation.

Who resigned from KB Home?

In November 2006, KB Home president, CEO, and chairman Bruce Karatz resigned after an internal accounting probe into his alleged backdating of stock options. KB Home also announced the resignation of its head of human resources, Gary A. Ray, and the resignation of its chief legal officer, Richard B. Hirst.

When did Kaufman and Broad Home Corporation go public?

The company completed an initial public offering in 1986, and from that time was known as Kaufman and Broad Home Corporation until 2001, when its name was shortened to KB Home. The company has periodically acquired other homebuilders as it expanded into new markets.

What is KB home?

KB Home is a highly rated home builder that sells customizable homes in communities in eight states. It has a variety of floor plans and price points, and it provides an online design studio for more personalization.

How many bedrooms are there in a KB home?

KB Home's floor plans are available in a variety of sizes and configurations with flexible living spaces and from two to six bedrooms.

Where does KB Home work?

Its designers work with homebuyers in communities across Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas and Washington. You choose your floor plan, your community, the homesite and desired customizations, and KB Home takes care of the rest. Its homes are energy-efficient and designed to your specifications.

Is KB Home a legitimate builder?

KB Home is a legitimate, well-known home builder with a strong portfolio of customizable new homes. Its communities typically have homeowners associations that charge fees and may not be right for every homeowner.

Overview

KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder and was a Fortune 500 company from 2000 through 2008. Its headquarters are in Los Angeles, California.
The company has built 600,000 homes since its founding. It builds homes pri…

History

GreenHouse

KB Home launched the company's first net-zero-energy home in January 2011. The GreenHouse was designed by KB Home and Martha Stewart and was featured as the "Idea Home" at the International Builders Show that year. The house is located in Windermere, Florida.

ZeroHouse 2.0

The successor to the GreenHouse is the ZeroHouse 2.0, which combines energy efficiency measures and solar panels to achieve net-zero energy usage. Introduced in 2011, the first model ZeroHouse 2.0 was built in Tampa, FL, closely followed by models in San Antonio and Austin, TX.
KB Home expanded the ZeroHouse 2.0 to the Mid-Atlantic states in June 2012 with the unveiling of the first of its kind in Waldorf, Maryland. The 4,000-square-foot model home project was complet…

External links

• Official website

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Receiving Helpdesk

what does kb homes stand for

What is KB Home and how does it work?

How many homes has KB Home built since its founding?

What is KB Home's sustainability report?

Who is the CEO of KB Home?

See more

Who started KB Home?

Whats included in a KB Home?

When was KB Home founded?

How many employees does KB Home have?

What kind of paint does KB Homes use?

What should I upgrade in a new build?

Who are KB Homes competitors?

How did Broad make his money?

Is KB Home stock a buy?

Is KB Home a good company?

Where is KB Home headquarters?

Where is Kb Home located?

Who built the KB home?

How many homes did a sandbox deliver in 2012?

When was the KB Home report released?

When was KB Home sued?

Who resigned from KB Home?

When did Kaufman and Broad Home Corporation go public?

What is KB home?

How many bedrooms are there in a KB home?

Where does KB Home work?

Is KB Home a legitimate builder?

Overview

History

GreenHouse

ZeroHouse 2.0

See also

External links

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