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 and is a Fortune 500 company. Its headquarters are in Los Angeles, California. KB Home was founded in Detroit in 1957 by Donald Kaufman and Eli Broad. The company has periodically acquired other homebuilders as the company expanded into new markets. This includes San Antonio-based Rayco Homes in 1996 and Upland, California-based Lewis Homes in 1999. It also maintained a division in France, which was sold... in 2007. As part of a promotion, in 1997 the company built a life-sized replica of The Simpsons cartoon home in Henderson, Nevada. In 2001 KB Home was sued when homeowners in a subdivision in Arlington, Texas discovered that their homes were built on top of a practice bombing range from the 1940s and 50s which the military had cleared for development. That suit has since been settled. The Army Corps of Engineers was engaged in remediation.
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| NYSE symbol: | KBH |
| Founded: | 1957 |
| Founders: | Eli Broad |
| Headquarters: | Los Angeles, California |
| Annual revenue: | $3,033,940,000 |
| Net income: | $-976,130,000 |
| Operating income: | $790,300,000 |
| Market cap: | $2,300,000,000 |
| Industries: | Operative Builders |