08/04/2021

L.A. Builder KB Home Narrows Loss As Home Building Ramps Up

Los Angeles homebuilder KB Home, one of the largest production homebuilders in Southern California, narrowed its loss to $12.5 million in the first quarter as the outlook for new construction improved.

While still in the red, that loss was an improvement over the company’s loss of $45.8 million a year prior. The company said that its revenues increased 59% over the year, to $405.2 million, and that the company sold 29% more properties with 1,485 homes sold.

Chief executive Jeffrey T. Mezger said the company should see some profits this year.

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