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KB Home is catering ... about 60% of the customers used a conventional mortgage and 90% used fixed-rate products. The average cash down payment held steady at 15% of the purchase price, equal to ...
KB Home headquarters in the Westwood district of Los Angeles. KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder. Its headquarters are in Los Angeles, California.
KB Home closed 3,400 homes in the fourth quarter driven by better cycle times, or how long it takes to build a house, and a strong backlog of buyers committed to closing on their home when completed.
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In 1954, Kaufman married Glorya Kaufman (Pinkis). They had four children. Donald and his son-in-law, Eyal Horwitz, both died in a plane crash January 4, 1983. In 1994, Glorya Kaufman, family members, and friends made donations for the construction of the 10,040-square-foot Donald Bruce Kaufman branch of the Los Angeles Public Library in Brentwood, Los Angeles.
KB Home's new business model allowed middle class home buyers to customize their homes and defined a far more efficient and profitable business model for the industry. [ 3 ] In the early 1990s, when the real estate market in Southern California collapsed, Karatz moved aggressively to expand the company by acquiring other regional home builders ...
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