Visa's New Goal Oct 10, 2009
Week Ahead: RIMM, Fed New and existing home sales; KB Home, Lennar, General Mills report ... KB Home, Toll Lead Housing Rally Chevron, Paded; Palm moves lower. (Forbes -- Business)
Home prices fell less than forecast Sep 30, 2009
KB Home, the Los Angeles-based homebuilder that sells to first-time buyers, on Sept. 25 reported a third-quarter loss exceeding analysts estimates and said a housing recovery isn't imminent. The precise timing of a housing recovery remains uncertain, Chief Executive Officer Jeffrey Mezger said on a conference call with analysts. (AZCentral -- Business)
Deeds recorded in Volusia County Sept. 7-11 Sep 30, 2009
KB Home Gold Coast LLC and KB Home Orlando LLC to Kevin Newport, lot 6, block Q, Landings at Sugar Mill, $124,681; to Marrero Isaias and Alicia Cuadro, lot 1, block Q, Landings at Sugar Mill, $114,438; to James and Paula Kellerhouse, lot 4, block Q, Landings at Sugar Mill, $113,249. Richard C. and Susan R. Mai to Martin W. and Barbara E. Koch, lot 17, Venetian Villas, block A, $100,000. (Daytona Beach News Journal -- Business)
KB Home Posts Smaller 3Q Loss as Sales Increase Sep 26, 2009
Homebuilder KB Home loses $66M in fiscal 3rd-qtr, cheaper homes more popular ... KB Home set out to compete with foreclosures last year by building smaller, more affordable homes, and the homebuilder's decision is paying off ... FILE - In this June 24, 2009 file photo, a KB Home sign stands at a KB Home development in Sylmar. (ABC News -- Wire)
KB Home Q3 loss deeper than forecast Sep 26, 2009
for free extra services. Subscribe to Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
KB Home Q3 Loss Narrows, But Shares Take a Fall Sep 26, 2009
NEW YORK -(Dow Jones)- KB Home's (KBH) third-quarter loss was shaved by a dollar, helped by lower write-downs and improved margins, and the company reported a surge in orders ... Jeff Mezger, KB Home's chief executive, was cautious Friday as he described a market in transition ... KB Home, the nation's fifth-largest builder by 2008 closings, "likely pulled demand forward in its second quarter, and may have given back some of that gained market share this quarter," explained Zelman & Associates... (SmartMoney)
New Home Sales Tick up, Disappoint Analysts Sep 26, 2009
One of the nation's largest builders, KB Home, eased back on its promotions for the tax credit last month and saw sales decline. "Not huge, but we did see a softening," said Jeff Mezger, president of the Los Angeles-based company. (ABC News -- Wire)
Stock index futures point to higher open Sep 25, 2009
KB Home is releasing third-quarter results, with 13 analysts polled by Reuters expecting the company to report a loss per share of 73 cents compared with a loss of 1. 87 cents a year ago. (Yahoo News -- Press Releases)
Downsizing: Why Today's Homebuyers Are Thinking Small Sep 24, 2009
"Would you rather have the extra volume, or a game room upstairs?" asks Ken Gancarczyk, a senior vice president at KB Home who runs the Los Angeles-based builder's architecture group. Buyers, KB is finding, want the room. (Time.com)
McMansions fade as house sizes shrink Sep 24, 2009
N-J/Bob Koslow KB Home is offering its smaller, Open Series homes at Cypress Place in Ormond Beach, shown, and also at Bayberry Lakes in Daytona Beach and Isle of Sugar Mill in New Smyrna Beach ... KB Home recently introduced its smaller and more flexible Open Series of homes at Bayberry Lakes in Daytona Beach, Cypress Place in Ormond Beach and Isle of Sugar Mill in New Smyrna Beach ... "They were designed to compete with the many foreclosures and short sales in the market," KB Home spokeswoman... (Daytona Beach News Journal)
Fresno vendors enter into unusual marriage Sep 24, 2009
The wedding center is in an 8,800-square-foot space at the northwest corner of Herndon and West avenues in the former KB Home Design Center. The partnership is unusual, but the approach is becoming more common, said Bill Rice, a marketing professor at California State University, Fresno. (Fresno Bee -- Business)
Sales of U.S. Existing Homes Probably Rose to Two-Year High as Prices Fell Sep 24, 2009
Were seeing a firming of prices in a number of markets, not all, , founder of Los Angeles-based KB Home, said yesterday in an interview with Bloomberg Television ... KB Home on Sept. 16 announced it was resuming its building operations in the mid-Atlantic region, including the Washington, D.C., area. (Bloomberg -- US)
Permits filed Aug. 26, 2009 in Volusia, Flagler Sep 23, 2009
KB Home Goldcoast, 552 Aeolian Drive, single-family residence, $348,458. KB Home, 556 Aeolian Drive, single-family residence, $227,841 ... KB Home Gold Coast LLC, 80 Levee Lane, single-family residence, $229,406; 66 Levee Lane, single-family residence, $240,102; 74 Levee Lane, single-family addition, $197,763; 64 Levee Lane, single-family residence, $195,981; and 75 Levee Lane, single-family residence, $166,325. (Daytona Beach News Journal -- Business)
Rebate time short Sep 21, 2009
Notable builders that opted not to jump on the tax-break bandwagon include KB Home, Shea Homes and Toll Brothers Homes, Belfiore said. In general, the rebate has contributed to a moderate rebound in the new-home market, he said. (AZCentral -- News)
Deeds recorded Aug. 31-Sept. 4, 2009 in Volusia Sep 20, 2009
KB Home Orlando LLC and KB Home Gold Coast LLC to William Landriau III, lot 53, Isles of Sugar Mill, $148,000 ... KB Home to Linda J. Sanderski, lot 2, block N, Landings at Sugar Mill, $124,286; to Brian C. McQueen, lot 2, block Q, Landings at Sugar Mill, $117,659 ... KB Home to Kenneth E. and Denise D. Zerphey, lot 4, block N, Landings at Sugar Mill, $112,000; to Frank and Janet Gioia, lot 3, block N, Landings at Sugar Mill, $108,000; to Susanne Jones, lot 5, block Q, Landings at Sugar Mill,... (Daytona Beach News Journal -- Business)
10 Markets Where Building Is Booming Sep 19, 2009
KB Home resumed construction in the Mid-Atlantic, including Washington D.C., after pulling back earlier this year. The top 10 growth markets, based on building permits, are. (Realtor Magazine Online)
Wall Street trades higher as companies upgraded Sep 19, 2009
Toll Brothers and KB Home climbed on the upgrade. As stock prices swang, trading volumes were greater than average because futures and options on indexes and stocks were due to expire. (Xinhuanet, China)
Wall St week ahead: stocks could extend rally Sep 19, 2009
And as a coda to the earnings season, the highlights of the week will include quarterly scorecards from ConAgra Foods Inc, Bed Bath & Beyond Inc, General Mills Inc, Rite Aid Corp and KB Home. Reuters. (Sydney Morning Herald -- Business)
Wall St Week Ahead: Stocks' rise hinges on Fed and data Sep 19, 2009
NEW YORK, Sept 18 (Reuters) - U.S. stocks could extend their rally and the Dow industrials. Next week the Federal Open Market Committee will meet on Tuesday and Wednesday, when investors will anxiously await the policy-makers' assessment of whether the economy is improving. (Scientific American)
Stocks' rise hinges on Fed and data Sep 19, 2009
And as a coda to the earnings season, the highlights of the week will include quarterly scorecards from ConAgra Foods Inc (CAG.N), Bed Bath d Inc (BBBY.O), General Mills Inc (GIS.N), Rite Aid Corp (RAD.N) and KB Home (KBH.N). (Additional reporting by Caroline Valetkevitch; Editing by Jan Paschal). (Yahoo News -- Press Releases)
KB Home resumes mid-Atlantic building Sep 18, 2009
We have always viewed the D.C. area as a strategic market, and sustained a presence in the region even as we moved to preserve cash, lower expenses and reduce inventory companywide, said KB Home regional president of southeast operations Vince DePorre, who will continue to oversee the mid-Atlantic division ... KB Home had a second quarter loss of $78 ... KB Home s customers have traditionally been first time homebuyers. (Baltimore Business Journal, MD)
Housing construction, permits rise Sep 18, 2009
KB Home, the Los Angeles-based builder that pulled out of the Mid-Atlantic region in 2008 as demand slumped, announced this week it would resume home construction in the Washington region, saying "the time was right.". New home sales rose 9. (Tampa Bay Business Journal, FL)
Hope for Home Builders? Sep 18, 2009
Los Angeles-based KB Home () is resuming construction in the Washington, D.C., and mid-Atlantic region after pulling back from those markets last spring, the. Washington Business Journal. (BusinessWeek)
Homebuilder sentiment up again in September Sep 17, 2009
On Wednesday, KB Home said it has started building homes again in the Mid-Atlantic region, notably in Washington, D.C. The Los Angeles-based builder had pulled back in some weak markets in late 2007 to conserve cash, cut costs and lower inventory. Copyright 2009 The Associated Press. (MSNBC -- Business)
Overall Customer Satisfaction With Home Builders and New-Home Quality Improve Significantly Sep 16, 2009
Real Estate News and Advice. As home builders compete for a limited pool of buyers, customer satisfaction with new-home builders and new-home quality have improved notably from 2008, according to the J.D. Power and Associates 2009 U.S. New-Home Builder Customer Satisfaction Studysm. (RealtyTimes)
Market Winners & Losers: Motorola, Fifth Third Bancorp Sep 12, 2009
KB Home (KBH) The homebuilder gave back most of Thursdays gains as the stock fell 3. 9% to end the last session of the week. (Fox News)
Green Shoots in Housing? Not So Fast Sep 4, 2009
Green Shoots in Housing. Thursday, September 3, 2009. (Newsmax)
Homebuilders Buy Land After Three Years of Selling as U.S. Demand Returns Aug 26, 2009
of Denver; KB Home of Los Angeles ... KB Home plans to spend up to $350 million on land purchases and development in 2009, about $200 million less than 2008 ... During the quarter ending May 30, the company optioned five finished lot deals with minimal deposits touching every region we operate in representing more than 600 lots, , KB Homes president and CEO said during a June 26 conference call. (Bloomberg -- US)
Wall Street US stocks rise after Bernanke nomination Aug 26, 2009
US stocks rise after Bernanke nomination. August 26, 2009 - 6:20AM. (Sydney Morning Herald -- Business)
Buyers still seek efficiency Aug 23, 2009
In recent years, builders also have taken their first steps down a greener path, and KB Home's Arizona executive vice president Mark Rodocker said there really is no turning back ... The Los Angeles-based KB Home, like nearly all home builders doing business today, are constructing homes that are far more energy-efficient than the ones they were building five years ago. (AZCentral -- Business)
Turnaround Tuesday: Retailers Fuel Aug 19, 2009
Existing users please login. Remember me on this computer. (Fox News)
Lennar, Homebuilders Begin to Appeal After Pain Aug 17, 2009
They are NVR Inc. of Reston, Virginia, Pulte Homes Inc. of Bloomfield Hills, Michigan, Lennar Corp. of Miami, MDC Holdings Inc. of Denver, KB Home of Los Angeles, Centex Corp. of Dallas, and Ryland Group Inc. of Calabasas, California. The malt shop P/E is two for and Lennar, three for KB Home, Pulte and Ryland, five for MDC and DR Horton, and eight for NVR and Toll Brothers. (Bloomberg -- Columnists)
Wall Street US stocks rise as Wal-Mart offsets weak data Aug 14, 2009
US stocks rise as Wal-Mart offsets weak data. August 14, 2009 - 6:48AM. (Sydney Morning Herald -- Business)
Housing Rebound May Stall on Climate Law Mandates, GE, U.S. Builders Say Aug 7, 2009
Spokespeople for builders Pulte Homes, KB Home and didnt return calls seeking comment for this story. Consumer Savings. (Bloomberg -- US)
Stocks Land on Green, Extend Summer Aug 5, 2009
Shares of home builders like Lennar (LEN) and KB Home (KBH) closed higher on the data. The markets received a mixed batch of corporate earnings on Tuesday as Toyota Motor (TM) and CVS Caremark (CVS) beat the Street but agricultural giant Archer Daniels Midland (ADM) widely missed estimates. (Fox News)
KB Home and Others Shrink Entry-Level Homes Jul 31, 2009
One of the builders aggressively shrinking designs has been KB Home. It attributes its 59 percent increase in orders of new homes since the beginning of 2009 to the new smaller designs it debuted at the end of 2008. (Realtor Magazine Online)
Housing stocks rise as new-home sales shoot higher Jul 29, 2009
Earlier this month, a Credit Suisse analyst upgraded KB Home to "Neutral," saying he expects a rebound in home orders to continue ... Other homebuilders gaining Monday included KB Home, up 58 cents, or 3. (San Francisco Chronicle -- Business)
Homebuilders Think Small Jul 29, 2009
KB Home is offering a new house in Tucson for $89,999 ... Los Angeles-based KB Home (), which has been most aggressive about this strategy, attributed its 59% jump in new orders nationwide since the start of the year to its new energy-efficient Open Series of homes, which it launched late last year ... KB Home didn't provide an average price or square footage for the houses, but homes in its Sonoran Ranch project in Tuscon are as small as 961 sq. ft., with a starting price of $89,999. (BusinessWeek)
Stocks Finish Mixed Jul 23, 2009
KB Home (), Lennar Corp. (), and other homebuilders rose on a 0. 9% rebound in the May FHFA home price index. (BusinessWeek)
CA man sues after claiming to find condom in soup Jul 23, 2009
com Researches: Sprint, General Dynamics, KB Home, Regis and Lockheed ... Today's Stock Alerts include: Sprint Nextel Corp. (NYSE: S), General Dynamics Corp. (NYSE: GD), KB Home (NYSE: KBH), Regis Corp. (NYSE: RGS) and Lockheed Martin Corp. (NYSE: LMT). (Fresno Bee -- Business)
June housing construction rises more than expected Jul 18, 2009
Shares of major homebuilders rose on the news, with KB Home and Hovnanian Enterprises up about 5 percent in late morning trading. "This was the most positive housing report in ages," wrote Patrick Newport, an economist with IHS Global Insight. (Muscatine Journal, IO)
Housing starts climb to seven-month high Jul 18, 2009
Although key economic indicators remain mixed, we are beginning to see signs that some negative housing market trends may be moderating, KB Home Chief Executive Officer Jeffrey Mezger said in a statement June 26. While net orders for the second-quarter trailed the same period a year earlier, they were 59 percent higher than the first three months of 2009. (AZCentral -- Business)
South Bay home sales stronger in spring; builders cross fingers Jul 14, 2009
Vicki Thompson KB Home, which built units on the former Del Monte Cannery in San Jose, increased prices by $5,000 to as much as $20,000 in the past 90 days, said Chris Apostolopoulos, South Bay division president for KB Home. Related News. (San Jose Business Journal, CA)
Hanchette lands at Lennar Jul 10, 2009
Hanchette served four years as president of KB Home s Triangle division before she left the company in December after a restructuring of management ... KB Home dropped from No. 1 to No. 3 in its ranking of Triangle home builders in 2008, having completed 515 homes valued at $119 million. (Raleigh Triangle Business Journal, NC)
Construction Spending Tumbles in May Jul 2, 2009
Los Angeles-based KB Home last week reported a loss of $78. 4 million, or $1. (CBS News)
1-Star Stocks Poised to Plunge: Pulte? Jul 1, 2009
1-Star Stocks Poised to Plunge: Pulte. - Motley Fool- msnbc. (MSNBC -- Business)
America's Next Top Value Stock Jun 30, 2009
No twinkle in these starsIt probably shouldn't be too surprising to find KB Home stuck at a rock-bottom one-star rating, given the state of the housing market ... GameStop may not be as low on the list as KB Home or Sprint, but its three-star rating is hardly enticing. (MSNBC -- Business)
Cops: Man breaks into home, watches TV, drives car Jun 30, 2009
Innovative New Design by KB Home Wins 2009 Parade of Homes Merit Award. KB Home (NYSE:KBH) has been awarded a 2009 Parade of Homes Merit Award from the Home Builders Association of Metro Orlando in the Outstanding Feature category ... KB Home received the award for its 2550 model homes innovative floor plan design and spaciousness. (Fresno Bee)
Report: New condo prices are down, sales shoot up Jun 27, 2009
decided to rework its 80 units at 1444 Irving St. in Montgomery County, KB Home and Centex Homes cancelled their Aventiene-Phase I, which would have delivered 30 residential units. Correction:An earlier version of this story contained inaccurate information regarding the status of the Morris and Gwendolyn Cafritz Foundation's Art Place at Fort Totten project. (Washington Business Journal, DC)
Thursday's Biggest Stock Stars Jun 27, 2009
There's a reason why I selected those notable gainers, as opposed to other winners making noise on Thursday, like low-rated homebuilders Lennar (NYSE: LEN) and KB Home. Stocks go up all the time, but unless you were able to predict the pop, what does it matter. (MSNBC -- Business)
Indexes Push Ahead; Nasdaq Turns Positive For The Week Jun 27, 2009
AZZ (), Gerber Scientific () and KB Home () will report earnings on Friday. Data on personal income and spending, as well as the revised University of Michigan Sentiment Index, will also be out Friday. (Investors Business Daily)
KB Home New Home Orders up From 1Q Jun 27, 2009
KB Home reports new home orders spike from 1st quarter and cancellation rate improves ... In this photo taken June 24, 2009, a KB Home sign stands in front of a sales office at a new KB Home ... In this photo taken June 24, 2009, a KB Home sign stands in front of a sales office at a new KB Home development in Sylmar section of Los Angeles, Wednesday, June 24, 2009. (ABC News -- Wire)
Stocks Finish Mostly Lower Jun 27, 2009
Palm shares rallied, while KB Home dropped ... Home builders were weaker on earnings news from KB Home (). (BusinessWeek)
New-home orders up at KB Home Jun 27, 2009
Workers lift a wall frame on a new home at the KB Home's "Build to Order" concept in Corona, Calif ... NEW YORK (AP) KB Homesaid Friday its new-home orders in the second quarter spiked 59% over first quarter levels, but its financial results still missed Wall Street's estimates ... To compete against heavily discounted foreclosures, KB Home last year rolled out its Open Series houses, which features smaller and less expensive homes. (USA Today -- Money)
KB Home narrows 2Q loss Jun 27, 2009
Los Angeles-based KB Home (NYSE: KBH), which has significant operations in the Dallas-Fort Worth area, posted a second-quarter net loss of $78 ... KB Home s President and Chief Executive Officer Jeffrey Mezger said Friday the company reported a lower net loss due to strategic initiatives that set the goal of improving gross margins, cutting overhead expenses and creating profitability in the company s operations. (Dallas Business Journal, TX)
KB Home says home orders are up Jun 27, 2009
KB Home (NYSE: KBH) is one of America's largest homebuilders. Los Angeles Business from bizjournals. (San Jose Business Journal, CA)
Markets End Mixed on Consumer Jun 27, 2009
Corporate Movers Builder KB Home (KBH) reported a smaller fiscal second-quarter loss - $78. 4 million, or $1. (Fox News)
BUSINESS BRIEFS Jun 27, 2009
KB Home, the Los An geles-based homebuilder that targets first-time buyers, fell as much as 9. 9 percent in New York after reporting a wider quarterly loss than anal ysts estimated. (New York Post -- Business)
KB Home Ratings Lowered by Moody's Jun 23, 2009
Moody's lowers ratings for KB Home citing operating losses, asset impairment ... Moody's Investors Service on Monday downgraded all of the ratings of homebuilder KB Home, including its corporate family rating, its probability of default rating and its senior notes rating ... KB Home remains the industry leader in terms of percentage reduction in homebuilding debt over the past two years, Moody's analysts said. (ABC News -- Wire)
Business Briefing Jun 22, 2009
-- KB Home reports quarterly financial results. Send news of upcoming Bay Area business events to. (San Francisco Chronicle -- Business)
Deeds recorded in Volusia County June 1-5 Jun 21, 2009
KB Home Gold Coast LLC to Felicia E. Sharon, lot 6, block B, Landings at Sugar Mill, $138,990 ... KB Home Gold Coast LLC to Roger and Patricia LeBlanc, lot 194, Cypress Place of Hunters Ridge, $212,175. (Daytona Beach News Journal -- Business)
Permits filed in Volusia and Flagler counties June 17 Jun 21, 2009
KB Home Gold Coast LLC, 521 Aeolian Drive, single-family residence, $303,007. KB Homes, 537 Aeolian Drive, single-family residence, $303,007 ... KB Homes, 536 Aeolian Drive, single-family residence, $189,277. (Daytona Beach News Journal -- Business)
Calif. homeowners file class action against KB Home, affiliates Jun 18, 2009
homeowners file class action against KB Home, affiliates - Silicon Valley / San Jose Business Journal ... homeowners file class action against KB Home, affiliates ... Homeowners claim KB Home and the other defendants inflated home prices by as much as $300 million in California alone. (San Jose Business Journal, CA)
Deeds recorded May 11-15, 2009 in Volusia May 31, 2009
KB Home Gold Coast LLC to Craig T. and Casey L. Brown, lot 227, Bayberry Lakes, $255,000 ... KB Home to Sandra Conger, lot 241, Bayberry Lakes, $154,920 ... KB Home to Chris R. Gunter, lot 37, Isles of Sugar Mill, $162,500. (Daytona Beach News Journal -- Business)
Permits filed May 20, 2009 in Volusia, Flagler May 31, 2009
KB Home Gold Coast LLC, 44 Levee Lane, single-family residence, $240,185. Neville and Sapna Ramchander, 806 Riverside Drive, single-family addition, $107,000. (Daytona Beach News Journal -- Business)
