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There's no doubt about it: Homebuilders have exceeded expectations this year.Take, for example, KB Home, which recorded net home sales of 3,936 in the three-month period ending on May 31. This ...
Residential single-family homes by KB Home Residential are shown under construction in the community of Valley Center, Calif., on June 3, 2021. (REUTERS/Mike Blake) (Mike Blake / reuters)
KB Home was founded in Detroit in 1956 by Donald Bruce Kaufman and Eli Broad. [3] Their first venture together was the construction of two model homes in the Northeast Detroit suburbs, where a new generation of first-time home buyers were flocking. [3]
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.
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.
Bruce E. Karatz [1] (born October 10, 1945) is an American businessman and philanthropist. He served as Chairman and CEO of KB Home, [2] and engaged in philanthropic efforts to help rebuild both Los Angeles after the L.A. Riots and New Orleans following Hurricane Katrina. [3]