KB Home purchases property for $5.52 million to develop single-family community near Leesburg. KB Home recently closed on a 71-acre property near Leesburg that is set to rise as a single-family community dubbed Landings at Lake Lucille. Located east of U.S. Highway 27 and south along Dewey Robbins Road, the property was purchased for $5.52 million and is planned to contain 184 homesites. KB Home purchased the property from Lakeco Partners II LTD, a business entity operated by an LLC registered to former Winter Park mayor David Strong. Strong is also the president of a privately-owned real estate investment firm - Strong Properties Inc. - based out of Winter Park. According to KB Home, the community will feature two product lines split between 55-foot and 100-foot lots. On the 55-foot lots, KB Home is planning to build its 40-foot series with square footage ranging from 1707 square feet to 3016 square feet, which will include one- and two-story homes. For the 100-foot lots, KB Home is looking to build its 50-foot series with square footage ranging from 1865 square feet to 2609 square feet, which will include only one-story homes. Pricing for the homes is expected to start "in the mid-$300s", according to KB Home, and a grand opening is projected by April 2027. Amenities for the development are set to include a playground, wetland areas, and walking trails. According to KB Home, the location for Landings at Lake Lucille was chosen due to its "easy access to Florida's Turnpike and the convenient commutes to employment, outdoor activities and attractions." Earlier this month, KB Home paid $4.2 million for about 23 acres in northern Apopka, where it plans to build a 67-home community with prices starting in the high $390,000s to low $400,000s and a grand opening expected in March 2027. Dubbed Everly Estates, the neighborhood will rise at 3100 Ondich Road, on the south side of the road just west of Plymouth Sorrento Road. The property is approximately 1.5 miles north of the Kelly Park Road interchange with State Road 429. A Sept. 1 deed transferred the land from Larry M. Everly Sr. and Corinne F. Everly to KB Home Orlando LLC. Property appraiser records show the Everlys acquired the property in 1996 for $125,000 and transferred it into the family trusts in 2004. The Everly property falls within Apopka's Kelly Park Interchange Mixed-Use district. Homes will range from 1,856 to 3,016 square feet, Fred Wyborski, KB Home's Orlando division president, told GrowthSpotter in an email. Plans also call for a walking trail and a dog park. Earlier this year, KB Home withdrew a petition filed against Lake County for its denial of a proposed 40-acre subdivision in unincorporated Clermont. Despite revised plans from KB Home, the Lake County Board of County Commissioners rejected a settlement agreement in April that would have allowed the homebuilder to move forward with its proposed Crescent Pines development. Located at the corner of Log House Road and Priebe Road near County Road 561, Crescent Pines was planned to rise as a 79-home subdivision. After the project's initial rezoning application was denied during a Nov. 2025 county board meeting, KB Home filed a Request for Relief from the development order, and Lake County responded with a plea to initiate a case with the Florida Division of Administrative Hearings, or DOAH. Lake County Commissioners voted 3-2 to deny the proposed settlement agreement with KB Home in April, citing the project's location next to a county solid waste facility and inconsistencies with land development regulations as justification for denying the agreement. Denial of the settlement agreement moved the legal dispute toward a preliminary hearing with the DOAH before KB Home voluntarily withdrew its petition. According to DOAH documents, the case was dismissed on May 21. Have a tip about Central Florida development? Contact me at [email protected] or 407-754-4980. Follow GrowthSpotter on Facebook and LinkedIn. Ready to make your next move? If this was helpful, let's talk about how it applies to your situation - no pressure, just honest guidance.

KB Home (NYSE:KBH) releases quarterly earnings results, beats estimates by $0.16 EPS. September 22, 2026 Key points. * KB Home reported adjusted earnings of $1.05 per share, beating analyst estimates by $0.16, while quarterly revenue totaled $1.30 billion, in line with expectations. * Shares rose 1.6% to $48.62 following the results, although the stock remains below its 50-day and 200-day moving averages. Analysts maintain a consensus "Hold" rating with a $59.92 price target. * The company paid a quarterly dividend of $0.25 per share, equivalent to a 2.1% yield and a 34.84% payout ratio; insiders also recently reported selling shares. * Interested in KB Home? Here are five stocks we like better. KB Home (NYSE:KBH - Get Free Report) released its quarterly earnings data on Tuesday. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.16, FiscalAI reports. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%. KB Home trading up 1.6%. Shares of NYSE:KBH traded up $0.76 during trading on Tuesday, hitting $48.62. 3,088,605 shares of the company's stock were exchanged, compared to its average volume of 1,194,927. The firm has a market cap of $2.98 billion, a P/E ratio of 16.94, a PEG ratio of 2.43 and a beta of 1.34. The firm has a 50-day moving average price of $54.32 and a two-hundred day moving average price of $53.52. KB Home has a 1-year low of $44.03 and a 1-year high of $67.57. KB Home announces dividend. The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 6th. KB Home's dividend payout ratio (DPR) is 34.84%. Key stories impacting KB Home. Here are the key news stories impacting KB Home this week: * KB Home reported quarterly revenue of $1.30 billion and diluted earnings per share of $1.05. The company also repurchased $50 million of common stock, which may support per-share value and signal confidence in the business. * The key market focus is likely to shift from the headline earnings figures to net orders, cancellations, pricing, margins and management's outlook for the housing market. A pre-earnings preview highlighted net orders as an important indicator of future revenue and demand. * KBH was among the companies reporting earnings Tuesday, with options markets indicating that investors expected a potentially significant post-results move. That elevated implied volatility reflects uncertainty rather than a clear directional signal. * Before the release, analysts and media commentary warned that KB Home could deliver another weak quarter, following disappointing results from some large homebuilders. Those expectations, combined with the company's earlier year-over-year revenue and earnings declines, had kept pressure on the shares ahead of the report. Insider activity at KB Home. In other KB Home news, EVP Albert Praw sold 22,015 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total value of $1,292,280.50. Following the transaction, the executive vice president directly owned 104,062 shares of the company's stock, valued at approximately $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur Collins sold 4,000 shares of KB Home stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total transaction of $227,840.00. Following the sale, the director directly owned 9,157 shares of the company's stock, valued at $521,582.72. This represents a 30.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.69% of the company's stock. Wall Street analyst weigh in. KBH has been the topic of several recent analyst reports. Weiss Ratings raised KB Home from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday. Citizens Jmp reaffirmed a "market outperform" rating and set a $77.00 price objective on shares of KB Home in a research report on Thursday, September 10th. Zacks Research lowered shares of KB Home from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 17th. Truist Financial decreased their price target on shares of KB Home from $56.00 to $55.00 and set a "hold" rating for the company in a report on Wednesday, September 16th. Finally, UBS Group boosted their price objective on shares of KB Home from $63.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $59.92. Discover more Trade Financial Derivatives Options Profit Calculator Stock Market Holidays KB Home company profile. KB Home NYSE: KBH is a homebuilding company that designs, constructs and sells residential properties in the United States. Its offerings primarily include single-family homes, with communities and floor plans intended for first-time buyers, move-up buyers and other owner-occupants. The company also provides homebuyers with opportunities to personalize selected features and finishes through its build-to-order approach. The company operates in several major housing markets across the United States, including locations in Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider KB Home, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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KB Home Q3 earnings call highlights. September 22, 2026 Key points. * KB Home met or exceeded its Q3 fiscal 2026 guidance, reporting $1.3 billion in housing revenue, $65 million in net income and $1.05 in diluted EPS. Revenue fell 20% year over year as deliveries declined 19% to 2,732 homes. * The company's built-to-order model supported sequential margin improvement and lower inventory risk: built-to-order deliveries rose to 74%, while adjusted housing gross margin increased to 16.8% from 15.7% in Q2. However, margins remained below the prior year amid pricing, cost and mix pressures. * KB Home moderated its Q4 outlook, lowering expected average selling price and gross margin because of weaker Southern California sales, higher costs and an unfavorable delivery mix. The company maintained its full-year delivery outlook and continued investing in land while returning more than $65 million to shareholders through buybacks and dividends. * MarketBeat previews top five stocks to own in October. KB Home NYSE: KBH reported third-quarter fiscal 2026 results that met or exceeded its guidance despite what executives described as a more difficult housing environment marked by rising mortgage rates, affordability pressures, higher resale inventory and cautious consumers. The homebuilder generated $1.3 billion in housing revenues, net income of $65 million and diluted earnings per share of $1.05 for the quarter ended Aug. 31. Housing revenues declined 20% from the prior-year quarter, primarily because deliveries fell 19% to 2,732 homes. The company's average selling price was $473,000, compared with approximately $476,000 in the prior-year period. Executive Chairman Jeff Mezger said the market had weakened since KB Home's June earnings call, citing persistent inflation, higher fuel prices, the Federal Reserve's recent rate increase, geopolitical uncertainty and increasing resale-home competition. He said resale inventory had reached its highest level in a decade and prices were beginning to decline in more markets. Built-to-order mix supports sequential margin improvement. President and Chief Executive Officer Rob McGibney said KB Home's built-to-order model helped the company manage demand softness by allowing it to sell homes before beginning vertical construction. Built-to-order homes represented 74% of third-quarter deliveries, up from 60% in the second quarter and above the company's target for returning to a predominantly built-to-order business. The higher built-to-order mix contributed to sequential gross-margin improvement. Housing gross profit margin was 16.5%, compared with 18.2% a year earlier. Excluding inventory-related charges, adjusted housing gross profit margin was 16.8%, up from 15.7% in the second quarter but down from 18.9% in the prior-year quarter. McGibney said the company's unsold inventory was 26% of production, down from 41% a year earlier, while finished unsold homes were 9% of production, compared with 16% a year ago. KB Home also had roughly 1,100 homes sold but not yet started at quarter-end. Discover more EV Market Report The company's build-to-order homes averaged 99 days from start to completion, an improvement of 23 days, or 19%, from the prior year. KB Home is working toward a 90-day construction-cycle target, McGibney said. KBHS Home Loans, the company's mortgage joint venture, captured 85% of third-quarter buyers. The average customer had a 16% cash down payment, or about $76,000, household income of approximately $134,000 and an average FICO score of 742. About 8% of third-quarter deliveries were purchased with cash. Fourth-quarter outlook moderated. While KB Home maintained its full-year delivery, housing-revenue and margin outlooks largely within its previous ranges, executives lowered their expectations for fourth-quarter average selling price and gross margin. The company expects fourth-quarter deliveries of 3,000 to 3,500 homes and housing revenues of $1.45 billion to $1.65 billion. Its full-year delivery outlook remains 10,500 to 11,000 homes, while full-year housing revenue guidance was narrowed to $4.9 billion to $5.1 billion. The midpoint of the fourth-quarter revenue outlook implies an average selling price of approximately $480,000, down from roughly $500,000 implied by the company's previous guidance. McGibney said the revision was principally related to Southern California, where slower third-quarter sales reduced the number of higher-priced homes expected to close in the fourth quarter and where the delivery mix shifted from prior expectations. Northern California continued to perform as anticipated, according to management, and its projected fourth-quarter average selling price increased modestly since June. McGibney told analysts the company expects Northern California's contribution to continue building for several more quarters as additional communities open. KB Home now expects fourth-quarter housing gross profit margin of 16% to 16.6%, excluding inventory charges, and full-year margin of 16% to 16.2%. Senior Vice President and Chief Accounting Officer Bill Hollinger said the fourth-quarter margin outlook reflects pricing pressure, somewhat higher direct and land costs, and product and geographic mix, including a smaller-than-anticipated contribution from higher-margin West Coast communities. Management said direct costs for homes started during the third quarter were lower both sequentially and year over year, but costs increased later in the quarter because of fuel, inflation and tariffs. Those later cost increases are expected to affect fourth-quarter deliveries. McGibney said labor availability had generally not been a major issue because housing starts have declined across most markets. Land investment and shareholder returns. KB Home invested nearly $725 million in land acquisition and development during the quarter while also returning more than $65 million to shareholders through repurchases and dividends. The company repurchased about 890,000 shares, or roughly 1.5% of shares outstanding, at an average price below book value per share. Mezger said KB Home's book value per share exceeded $62 at quarter-end. Over the past five years, the company has returned more than $2.1 billion to shareholders through repurchases and dividends and reduced its share count by more than one-third, he said. The company plans up to $50 million in additional repurchases during the fourth quarter. Inventory increased 5% from the beginning of the fiscal year to $6 billion, and KB Home ended the quarter with more than 61,000 owned or controlled lots. Cash totaled $159 million, while total liquidity was $942 million, including $783 million available under its unsecured credit facility. Its debt-to-capital ratio was 35.7%, compared with 33.2% a year earlier. KB Home expects to finish fiscal 2026 with 270 to 275 communities, including about 115 new openings during the year and a similar number of sellouts. Management highlighted new Las Vegas Valley communities, including Meriden in Henderson and Sandstone in North Las Vegas, where the company had built an interest list of more than 300 prospective buyers before opening. Looking toward fiscal 2027, McGibney said KB Home expects to begin with a higher backlog than it had entering fiscal 2026. However, management did not provide formal 2027 guidance, citing volatile market conditions and its focus on completing the current year. About KB Home (NYSE:KBH). KB Home NYSE: KBH is a homebuilding company that designs, constructs and sells residential properties in the United States. Its offerings primarily include single-family homes, with communities and floor plans intended for first-time buyers, move-up buyers and other owner-occupants. The company also provides homebuyers with opportunities to personalize selected features and finishes through its build-to-order approach. The company operates in several major housing markets across the United States, including locations in Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider KB Home, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KB Home wasn't on the list. While KB Home currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain - combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list. Continue following MarketBeat