LOS ANGELES, (June 24, 2002) - As if the eager phone calls, waiting lists and pre-grand-opening buyer campouts weren’t enough indication, now the current issue of Builder magazine has made it official.From January 2001 through early 2002, KB Home was responsible for more of the fastest-selling new-home communities in the top 50 U.S. markets than any other builder. The list was compiled by real estate research firm The Meyers Group, using sales rates as a basis for inclusion on the list.
“We’re building the homes people want, in the places where they want to be, at prices they can afford,” said KB Home Chairman and CEO Bruce Karatz of the survey results.
“The watchword in this industry has always been ‘location,’ and we make it our business to be in the hottest markets—places that are already experiencing rapid growth and are poised for more,” Karatz added. “But ‘quality’ and ‘affordability’ are equally important words for buyers these days, and on those fronts, KB Home delivers in a way few other builders can.”
He noted that KB Home has a strong market presence in three of five cities or regions whose housing markets were recently dubbed “bubbleproof” by CNN/Money: Dallas, Jacksonville, Fla., and California’s Inland Empire, located east of Los Angeles and north of Orange County.
The Builder list, meanwhile, included 10 KB Home communities: Springfield Homes (Austin); Oak Park Trails (Houston); Westminster Village (Houston); Belmont at Mountain Glen (Sylmar, Calif.); Stratford at Mountain Glen (Sylmar, Calif.); Lago Vista (San Antonio); Summerwind (San Antonio); Bridlewood (San Diego); Arizona Springs (Tucson); and Tamarindo (Sacramento).
KB Home is one of America's largest homebuilders with domestic operating divisions in some of the fastest-growing areas of the country including: West Coast—California; Southwest—Arizona, Nevada and New Mexico; and Central—Colorado, Florida and Texas. Kaufman & Broad S.A., the Company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2001, the Company delivered homes to 24,868 families in the United States and France. It also operates a full-service mortgage company for the convenience of its buyers. Founded in 1957, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities, call 888-KB-HOMES or visit the Company's Web site at kbhome.com.
For more information contact:
Kate Mulhearn (310) 231-4147
Kmulhearn@kbhome.com
Debra Hotaling (310) 231-4015
Dhotaling@kbhome.com