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PHOENIX -- KB Home announced that Ben Redman has been named president of its Arizona division. In this role, Redman assumes responsibility for all of the Company's homebuilding operations throughout the Phoenix and Tucson areas, from land acquisition and construction to sales and customer service.
LOS ANGELES (September 9, 2009)– KB Home (NYSE: KBH) today announced that Raymond P. Silcock has been named executive vice president and chief financial officer.
KB Home's loss narrowed as margins improved, though the builder's shares fell as results missed expectations.
ORLANDO, Fla., Nov. 3 /PRNewswire/ -- A Central Florida homeowner forced into foreclosure filed a class-action lawsuit last week against KB Home (NYSE: KBH - News),
http://finance.yahoo.com/news/Hagens-Berman-ClassAction-prnews-1014684625.html?x=0
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LOS ANGELES, Nov 06, 2009 (BUSINESS WIRE) --
Many KB Home (NYSE:KBH) homebuyers now have a second chance to qualify for a federal tax credit on the purchase of their new home. The stimulus bill signed into law today extends the federal tax credit for first-time homebuyers to homes purchased before May 1, 2010 and closed before July 1, 2010. In addition to this extension, the program has been modified to include current homeowners and military personnel, as well as an increase in the maximum income allowed to qualify.
First-time homebuyers are eligible for an $8,000 fully refundable tax credit, which means it will be paid out even if a taxpayer owes no tax or if the credit is more than the tax they owe. Move-up buyers who have owned and lived in their home for at least five consecutive years out of the last eight are eligible for a credit of up to $6,500 on the purchase of a new residence. For members of the military, the deadline to qualify for either tax credit is extended through May 1, 2011 for those serving on qualified official extended duty service outside the U.S. for at least 90 days before May 1, 2010. No credit is allowed if the purchase price of the home exceeds $800,000.
"The extension and expansion of the federal tax credit program provides a compelling reason for home shoppers to purchase a new KB home," said Jim Widner, regional president of KB Home. "Our Built to Order experience, which gives homebuyers the power to personalize their beautiful, energy-efficient new home, is now even more affordable. KB Home's sales counselors are ready to help home shoppers get started today."
For more information about KB Home and locations of its new home communities, visit www.kbhome.com or call 888-KB-HOMES. Buyers can learn more about the new housing tax credit at www.jct.gov and should speak with a financial or tax advisor.
About KB Home
KB Home, one of the nation's premier homebuilders, has delivered hundreds of thousands of quality homes for families since its founding in 1957. The Company is distinguished by its Built to Order(TM) homebuilding approach that puts a custom home experience within reach of its customers at an affordable price. KB Home's award-winning homes and communities meet the needs of first-time homebuyers with flexible designs that also appeal to move-up buyers and active adults. Los Angeles-based KB Home was named the #1 homebuilder on FORTUNE(R) magazine's 2009 "World's Most Admired Companies" list. This marks the second year in a row and the third time in the past four years that KB Home has achieved the top ranking. The Company trades under the ticker symbol "KBH" and was the first homebuilder listed on the New York Stock Exchange. For more information about any of KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.
SOURCE: KB Home
KB Home Heather Reeves, 310-231-4142 hreeves-x@kbhome.com
Tags: advisor energy expansion federal housing law magazine military nyse president sales tax
Companies: KB Home (KBH)
Nov 02, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called a Downtrend for KB Home (NYSE:KBH) on October 01, 2009 at $15.80.
Since then, KB Home has returned 12% as of today's recent price of $13.90. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nyse profit securities trial
Companies: KB Home (KBH)
Oct 23, 2009 (Fresh Brewed Media via COMTEX) --
KB Home (NYSE: KBH) closed yesterday at $16.17. So far the stock has hit a 52-week low of $6.90 and 52-week high of $20.70. KB Home stock has been showing support around 14.21 and resistance in the 17.47 range. Technical indicators for the stock are Bullish and S&P gives KBH a neutral 3 STAR (out of 5) hold rating. KBH appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Apr '10 14 covered call (KBH DQ) for a net debit in the $12.67 area. That is also the break even stock price for this trade. This covered call has a 176 day duration, provides 21.65% downside protection and a 10.50% assigned return rate for a 21.77% annualized return rate (comparison purposes only). A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the KBH Jan '11 7.50 Call (OHK AU) and selling the Apr '10 14 call (KBH DQ) for a $5.85 debit. The trade has a 176 day life and would provide 17.44% downside protection and an 11.11% assigned return rate for a 23.00% annualized return rate (for comparison purposes only). KB Home has a current annual dividend yield of 1.63%.
FBB-Seven Summits Research Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock
Tags: investment opinion nyse research S&P trade yield
Companies: KB Home (KBH)
Oct 26, 2009 (SmarTrend(R) Spotlight via COMTEX) --
KB Home (NYSE:KBH) initiated as Hold at Deutsche Bank. The stock closed Friday at $15.80 on volume of 7,233,625 shares, above average daily volume of 4,558,835.
KB Home is currently below its 50-day moving average of $17.28 and should find support at its 200-day moving average of $14.72.
SmarTrend is bearish on shares of KBH and our subscribers received a Downtrend alert on October 01, 2009 at $15.80, which has returned 0% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nyse securities
Companies: KB Home (KBH)
Total : 1,644 View more »
Interview and discussion with Founder of KB Home Eli Broad. He says he sees signs of recovery bit it will be robust. (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1998/1109548?cpt=8&wpid=523
http://www.zibb.com/article/5545438/Video+In+Depth+Look+Housing+Market+Recovery
KB Home has been considered one of the best homebuilders in the country for nearly half of a century. Our homeowners enjoy high quality construction, unique architecture and quality, trusted brands. That's why KB Home is the builder of choice for so many satisfied homeowners.
TheStreet.com Network: MainStreet.com | StockPickr.com | BankingMyWay.com | Geezeo.com | RealMoney | Dividend.
KB Home, one of the nation's largest home builders, is expected to announce today the creation of a joint venture in which Martha Stewart will design a line of houses carrying her name that KB will build and market.
http://www.realestatejournal.com/buysell/markettrends/20051014-dunham.html?refresh=on
Total : 262,000,000 View more »
KB homes, built by KB Home. With the KB Home Studio and the other quality home services that KB Homes offers, they are a clear choice for any home buyer from coast to coast.
KB Home (NYSE: KBH) is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad. It was the first company to be traded on the NYSE as a home builder ...
KB Home is committed to building quality homes and high levels of customer service in all of our divisions including Texas and California, Dallas, and San Antonio. We can help you ...
Homebuyers May Qualify for Newly Extended Federal Tax Credit on a New KB Home
http://finance.sfgate.com/cacc/?GUID=10688117&Page=MEDIAVIEWER
KB Home's (NYSE: KBH) Senior Vice President and Treasurer, Kelly Masuda, is scheduled to speak at the Deutsche Bank 17th Annual Leveraged Finance Conference on Thursday, October 1, 2009, at 10:35 a.m. Pacific Daylight Time; 1:35 p.m. Eastern Daylight Time. To listen to the live broadcast, select
Travel Club Catalogue 2009 (PDF) Porsche Sport Driving School Download Adobe Acrobat Reader Make someone the gift of a special trip. Driving pleasure combined with culinary delights. With our Porsche models 911, Cayman, Boxster or Cayenne. If you would like to order a voucher, simply download the
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You need a very special present? Something uncommon? Make a gift of driving delight and safety. And, if you want, add a hired Porsche vehicle as well. Porsche Sport Driving School vouchers.
http://www.porsche.com/latin-america-en/eventsandracing/sportdrivingschool/sportfahrschule/vouchers/
Porsche Sport Driving School Catalogue 2009 (PDF) Travel Club Download Adobe Acrobat Reader All of the training goals and eligibility requirements of the Porsche Sport Driving School are available for download at your convenience. Eligibility requirements Download PDF/ 108 KB Home Events and Racing