Why invest

 

    Long-term investment thesis for KB Home

 

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A brand that has endured for nearly 70 years

  • One of the largest and most trusted homebuilders in the U.S.
  • Industry-leading brand awareness
  • Customer satisfaction: #1 ranking on TrustBuilder®1; record 96% score on AvidCX®2

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Differentiated business model: Built to Order®

  • Buyers personalize their homes based on a simple process focused on what they value and can afford
  • Ability to significantly influence final sales price—buyers select their floor plan, lot, square footage, elevation and finishes in our Design Studios
  • KB has among the highest absorption rates in the industry, which we believe is driven by our affordable, personalized model

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1st Time and 1st Move-Up Focus Provides Long-Term Market Opportunity

  • Poised to benefit from favorable demographics: Millennials and Gen-Zs, the largest population cohorts (150 million people) are contributing to growth in household formations—a key driver of homeownership

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Geographically Focused: 49 Major Markets in 9 States

  • Markets selected for their long-term economic and demographic growth potential
  • Substantial opportunity to expand our volume in the future with this footprint

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Industry-Leading Capital Distribution

  • Led our peer group in return of capital yield in the past four years; repurchased 34% of our shares outstanding
  • Healthy quarterly cash dividend, which we have paid for the longest period in our industry, without interruption
  • Returned over $1.8 billion in cash to our shareholders through repurchases and dividends since Q2 2021

1TrustBuilder is a leading independent homebuilding review site; ranking as of FYE 2025.                                                                                                                                                                                                                            2AvidCX is a trusted platform of homebuyer experiences; score reflects the FY 2024 average (most recent data available).

*Please see our periodic reports and other filings with the Securities and Exchange Commission for additional information about our business and risk factors that could affect our performance and results.