KB Home (KBH) stock forecasts

Summary

Headquartered in Los Angeles, KB Home is one of America’s largest homebuilders, with domestic operations in California, Washington, Idaho, Arizona, Nevada, Colorado, Texas, Florida and North Carolina. In FY23, the company delivered 13,236 homes, generating revenues of $6.4 billion. The West Coast segment accounted for 45% of residential construction revenue in FY23, with only 25% of homes completed, helped by a median house price of $690,000. The company focuses on the lower middle segment of the market, with approximately half of its sales to first-time buyers. Most of the homes the company sells are priced for medical expenses