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KB Home Brings Built to Order™ to Bastrop National Builder to Construct Homes in Austin Suburb for the First Time BASTROP, Texas--(BUSINESS WIRE)-- KB Home (NYS: KBH) , one of the nation's ...
KB Home to Open New Community in Georgetown Recent acquisition further expands builder's Austin area presence AUSTIN, Texas--(BUSINESS WIRE)-- KB Home (NYS: KBH) , one of the nation's largest and ...
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. The company has built 600,000 homes since its founding. [5] It builds homes primarily for first-time home buyers.
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.
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.
Karatz was CEO for two decades while KB Home grew revenues from $491 million to $11 billion and annual home deliveries increased from 4,500 homes in 1986 to over 39,000 homes in 2006. In March 2013, Karatz was a recipient of The Malibu Times' 23rd Annual Dolphin Awards. [4] Karatz operates BK Capital LLC based in Beverly Hills, California.
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