Homebuilder with domestic operations in the following regions: West Coast, Southwest, Central and Southeast. Also provides mortgage banking services to the majority of its domestic homebuyers through its wholly-owned subsidiary, KB Home Mortgage Company.
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KBH got down under $5/sh. during the housing slump in the mid-90's, which was nowhere near as deep or long as the current decline. Based on recent public pronouncements, management still hasn't learned anything about how to keep their heads down and their powder dry in times of crisis. KBH has a long way to fall and may even fail to survive since the housing market promises to continue its decline for several more years.