KB Home Celebrates Diamond Anniversary: “60 Years … And Building”
28 March 2017 - 11:00PM
Business Wire
CEO Jeffrey Mezger and a team of
long-tenured employees to ring the NYSE Opening Bell®
KB Home (NYSE:KBH) announced that Jeffrey Mezger, its chairman,
president and chief executive officer, will ring the Opening Bell
at the New York Stock Exchange today in celebration of the
Company’s 60th anniversary. Accompanying him will be a team of
long-tenured employees. Founded in 1957, KB Home began as a local
builder of entry-level homes in Detroit, Michigan, and has grown to
become one of the largest and most recognized homebuilders in the
United States. Today, KB Home continues to focus on serving
first-time homebuyers, while also building homes for move-up and
active adult homebuyers, across 36 markets in seven states. Now
headquartered in Los Angeles, California, the Company is quickly
approaching the milestone of constructing its 600,000th home.
Personalized Approach to
Homebuilding
KB Home is distinguished among large-production homebuilders by
its core strategy of offering customers a compelling combination of
affordability, choice, and personalization. The KB Home customer
experience typically begins with their selection of a home’s lot
location, floorplan, and exterior elevation. Guided by a design
professional at the KB Home Design Studios, a retail-like showroom,
homebuyers can then further personalize their KB home with the
décor choices, design features and other special touches they value
most, all based on their individual preferences and budget.
History of Firsts and
Innovation
Beyond its distinctive business model, KB Home has established
itself as an industry leader and innovator, achieving a number of
firsts. In addition to being the first homebuilder to be listed on
the New York Stock Exchange, KB Home was the first homebuilder to
receive National Housing Quality Certification by the National
Association of Home Builders in 2006.
Characteristic of its forward-thinking integration of modern
building technology over the years, in 2016, KB Home announced a
partnership with Apple®, becoming the first national builder to
offer HomeKit™-enabled homes in select KB Home communities. HomeKit
enables a homeowner to control several of their home’s comfort and
security features via a single app on their smart phone or tablet,
including lights, shades, door locks, thermostat and other
connected devices.
Looking to the future of home life in 2020 and 2050, KB Home
worked with Hanley Wood, the premier construction industry
information services and publishing company, to create a concept
residence that was introduced at the 2016 Greenbuild Conference
held in Los Angeles. The Greenbuild KB Home ProjeKt™ explored
themes and ideas of sustainability, smart-home technology, flexible
living space, wellness, and security, and featured a mix of both
visionary advancements and today’s cutting-edge technology, such as
a drone landing pad for package delivery, moveable walls, a
water-recycling dishwasher from Whirlpool® Corporation, and a Tesla
Powerwall®.
Industry Leadership in
Sustainability
The year 2017 also marks 10 years since KB Home launched its
sustainability initiative, another of the Company’s key
differentiators. KB Home was the first homebuilder to publish an
annual Sustainability Report detailing its commitment to
environmentally-focused building, and has done so since 2008. KB
Home takes a broad approach to sustainability, encompassing energy
efficiency as well as water conservation, healthier indoor
environments, and waste reduction, with a focus on incorporating
such improvements at little or no additional charge to its
customers and lowering the long-term costs of homeownership. The
Company was the first homebuilder to introduce a proprietary method
for rating the energy performance of a home, the Energy Performance
Guide® (EPG®), which provides consumers with an easy way to
understand and compare the energy efficiency and potential utility
bill savings of each KB home nationwide.
As the first homebuilder to commit to building all of its homes
to ENERGY STAR® guidelines in 2009, KB Home recently received
special recognition from the U.S. Environmental Protection Agency
(EPA) for building its 100,000th ENERGY STAR certified home. KB
Home has been recognized for its sustainability achievements with
numerous awards. The Company was the first national builder to
receive top awards from the EPA’s ENERGY STAR, WaterSense® and
Indoor airPLUS programs; the U.S. Department of Energy’s Zero
Energy Ready Homes program; and the RESNET® President’s Award for
highest number of energy-efficient homes built in the United
States.
KB Home will be celebrating its 60th anniversary throughout the
year and marking key moments in its enduring history of leadership
and innovation. To watch the NYSE Opening Bell live, please visit:
https://www.nyse.com/events/3155709450/KB-Home-NYSE-KBH-Celebrates-their-60th-Anniversary-of-Founding.
About KB Home
KB Home (NYSE: KBH) is one of the largest and most recognized
homebuilders in the United States and an industry leader in
sustainability, building innovative and highly energy- and
water-efficient new homes. Founded in 1957 and the first
homebuilder listed on the New York Stock Exchange, the Company has
built nearly 600,000 homes for families from coast to coast.
Distinguished by its personalized homebuilding approach, KB Home
lets each buyer choose their lot location, floor plan, décor
choices, design features and other special touches that matter most
to them. To learn more about KB Home, call 888-KB-HOMES, visit
www.kbhome.com or connect on Facebook.com/KBHome or
Twitter.com/KBHome.
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version on businesswire.com: http://www.businesswire.com/news/home/20170328005525/en/
KB HomeSusan Martin,
310-231-4142smartin@kbhome.comorJill Peters,
310-893-7456jpeters@kbhome.com
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