Dallas, Texas 12/25/2013 (FINANCIALSTRENDS) – In the trading session on Tuesday there was a drop of 0.16% in KB Home (NYSE:KBH). The shares opened at $18.24 climbed to an intraday high of $18.65 and closed at $18.16. Close to 3.51M shares were traded on Tuesday and the average volume of 3.99M shares got traded over a period of 30 days. The 52-week low of KB Home (NYSE:KBH) shares is $14.94 while the 52-week high stands at $25.14. The company has a market capitalization of $1.52 billion.
About the company
KB Home (NYSE:KBH) was formed on 31 August 1981. It is a builder of condominiums, single-family residential-homes and town homes. The company constructs & sells homes via its operating-divisions under the KB Home name. KB Home (NYSE:KBH) operates home building & financial services business that serve homebuyers in numerous markets across the U.S.
KB Home (NYSE:KBH)’s home building operations offer a range of new homes that are mainly designed for 1st-time, move-up & active adult-homebuyers. These include attached as well as detached single-family residential-homes, town homes as well as condominiums. KB Home (NYSE:KBH) offers homes in various development communities, in urban in-fill locations as well as a segment of mixed-use projects. KB Home (NYSE:KBH)’s financial services-segment provides insurance-services to the home buyers in these same markets where it builds the homes and provides title-services in a large segment of its markets that are located within the company’s Central & Southeast home building segments. In 2013 August, KB Home (NYSE:KBH) acquired 40 acres land in Eastvale, California, from the Irvine-based Stratham Communities. In 2013 October, the company acquired property located at 72 Townsend in SF.
Homebuilding
KB Home (NYSE:KBH)’s homebuilding activities operate via 4 segments: 1) West Coast, 2) Southwest, 3) Central and 4) Southeast. The company’s primary operations are across 10 states & 33 major markets. As of 30 November 2012, its homebuilding segments had ongoing operations in numerous states.
