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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.
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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.
KB Home isn't relying on mortgage rate buydowns like other homebuilders as rates top 7%. Instead, the builder is catering to buyers through customization and a rate lock.
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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.
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