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KB Home closed 3,400 homes in the fourth quarter driven by better cycle times, or how long it takes to build a house, and a strong backlog of buyers committed to closing on their home when completed.
KB Home closed 3,375 homes in the third quarter, higher than Bloomberg analysts' expectations of 3,126 homes, but still 6.6% lower year over year. ... Click here for real estate and housing market ...
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. In 2016 KB Home settled a multi-million dollar lawsuit with the Florida Attorney General's Office for shoddy and defective construction repairs on homes that were built wrong in ...
KB Home's new business model allowed middle class home buyers to customize their homes and defined a far more efficient and profitable business model for the industry. [ 3 ] In the early 1990s, when the real estate market in Southern California collapsed, Karatz moved aggressively to expand the company by acquiring other regional home builders ...
Mezger joined KB Home in 1993. [1] [3] From 1999 to 2006, he served as chief operating officer and executive vice president of KB Home.[1] [2] [3] He has served as president and CEO since 2006.
In 1954, Kaufman married Glorya Kaufman (Pinkis). They had four children. Donald and his son-in-law, Eyal Horwitz, both died in a plane crash January 4, 1983. In 1994, Glorya Kaufman, family members, and friends made donations for the construction of the 10,040-square-foot Donald Bruce Kaufman branch of the Los Angeles Public Library in Brentwood, Los Angeles.