|Exchange:||New York Stock Exchange|
|KB Home is incorporated in Delaware. The Company constructs and sells homes through its operating divisions across the United States under the name KB Home. Its homebuilding operations, which are divided into four geographically defined segments, offers a variety of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. The Company offers homes in development communities, at urban in-fill locations and as part of mixed-use projects. Its financial services reporting segment provides title and insurance services to its homebuyers. This segment also provided mortgage banking services to its homebuyers indirectly through KBA Mortgage, LLC. The Company provides a limited warranty on all of its homes. The specific terms and conditions vary depending on the market where it does business. The Company generally provides a structural warranty of 10 years, a warranty on electrical, heating, cooling, plumbing and other building systems each varying from two to five years based on geographic market and state law, and a warranty of one year for other components of a home. The principal raw materials used in the construction of its homes are concrete and forest products. In addition, it uses a variety of other construction materials in the homebuilding process, including drywall and plumbing and electrical items. The Company continues to focus its promotional marketing efforts on first-time, move-up and active adult homebuyers. Its promotional marketing efforts are directed at differentiating the KB Home brand from resale homes and from homes sold through foreclosures, short sales and by other homebuilders. The Company sells its homes under standard purchase contracts, which generally require a homebuyer to pay a deposit at the time of signing. The amount of the deposit required varies among markets and communities. Homebuyers also may be required to pay additional deposits when they select options or upgrades for their homes. The homebuilding industry and housing market are highly competitive, and the Company competes with numerous homebuilders ranging from regional and national firms to small local builders primarily on the basis of price, location, financing, design, reputation, quality and amenities. The Company is subject to a variety of local, state and federal statutes, ordinances, rules and regulations concerning the environment.|
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