Analyst Report: KB Home

Argus

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Apr 11, 2025

Summary

KB Home, headquartered successful Los Angeles, is 1 of America's largest homebuilders, with home operations successful California, Washington, Idaho, Arizona, Nevada, Colorado, Texas, Florida, and North Carolina. We expect the institution to commencement gathering successful Atlanta successful the adjacent future. In FY24, the institution delivered 14,169 homes, generating gross of $6.9 billion. The West Coast conception represented 42% of FY23 homebuilding gross with conscionable 30% of homes delivered, helped by an mean location terms of $679,300. The institution targets the lower-middle information of the market, with astir fractional of income to first-time buyers and different 4th to buyers making their archetypal step-up from a starter home. Most of the homes the

Chris Graja, CFA

Senior Analyst: Retail

Chris covers the Consumer assemblage for Argus. He was the #1 Stock Picker successful the Household Durables sector, winning the 2019 StarMine U.S. Analyst grant from Refinitiv. He was the #1 Stock Picker successful Food and Staples Retailing, winning back-to-back U.S. Analyst Awards successful 2015 and 2016. He received a prestigious Volunteer of the Year grant from the New York Society of Security Analysts successful 2000. Prior to Argus, Chris spent 16 years astatine Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s probe part earlier joining the caller Bloomberg mag arsenic Technical Studies Editor successful 1993. He roseate to Executive Markets Editor of the publishing group. Chris co-authored the publication “Investing successful Small-Cap Stocks,” which was published successful 3 U.S. editions, an audio book, and 2 Chinese editions. Chris earned an MBA from Rutgers University. He is simply a CFA charterholder.