KB Home : Full 2024 Sustainability Report
KBH
2024
Sustainability Report
2024 Sustainability Report
CEO Letter
The Numbers
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
Sustaining the
American Dream
In our 18th annual Sustainability Report, we share our sustainability results, why and how we achieve them and the difference they make in people's lives.
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From
10
Our CEO
The
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Numbers
Our
31
Company
People- 39
Driven
Better 51
Homes
Strong
Communities
Our
Foundation
Data &
Disclosures
Trenton Heights in Santa Clarita, CA
2024 Sustainability Report
CEO Letter
The Numbers
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
For 18 years, KB Home has led the way with a unified strategy for affordability and sustainability that benefits homeowners, communities and the environment.
FROM OUR CEO
Jeffrey
Mezger
KB Home Chairman and Chief Executive Officer
I am honored to once again share my perspective on sustainability and homeownership as part of this, our 18th annual Sustainability Report. Each year, this is an opportunity for us to reflect on where we have been and where we are headed - and why sustainability continues to be a priority.
In our industry, sustainability and affordability are often talked about as two separate, even competing, values. For 18 years, KB Home has been demonstrating that - when done right - they can be part of an integrated strategy that puts the American Dream in reach for more people.
We began our sustainability focus in 2007 as a way to differentiate our homes and meet the emerging interest for highly efficient new homes, while also benefiting the environment. Frankly, at the time, very few in our industry thought it was a good idea. However, then, as now, we saw that high-performance homes could help reduce the total cost of homeownership and support the American Dream
for future generations.
Nearly 20 years into our commitment to sustainability, the results are clear:
However, for us, sustainability goes beyond the environment. It is also about sustaining a strong social fabric and an economy that supports it, while balancing the needs of today with those of generations to come. Home is an essential desire that spans time, supports social connection and community-building, and serves as the foundation for household wealth-building and a healthier economy.
Our sustainability initiatives go beyond building more resilient homes and communities. We strive to be a good corporate citizen, with strong governance standards and infrastructure, a dedication to support the local communities in which we build, and a commitment to excellence that in 2024 drove the highest customer satisfaction score in our history.
This year, we are introducing an Executive Summary, which allows our audience to quickly get to the heart of our sustainability strategies and results. We continue to also publish our full Sustainability Report, the longest-running publication of its kind in the homebuilding industry, which delivers an unmatched breadth and depth of sustainability data.
We are proud that, for the last 18 years, we have led the industry in building high-performance homes that help to lower the total cost of homeownership and sustain the American Dream. This commitment to purpose and excellence has made a difference in our customers' lives and those of their families, while also creating a strong and purposeful business that provides meaningful employment, long-term value to our stockholders and positive environmental impact on the planet. Because we know that building homes changes lives.
Thank you for once again being part of this journey.
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2024 Sustainability Report
CEO Letter
The Numbers
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
THE NUMBERS
For KB Home, 2024 was another year of industry- leading results
Our focus on sustainability continued to help deliver the American Dream for homebuyers and achieved a new high mark for both KB Home and our industry as measured by cumulative high-performance homes built.
2024 RESULTS
14,169
new KB homeowners in 2024
50%
are first-time homebuyers
45
national average Home Energy Rating
System® (HERS) Index score, achieved
a year ahead of the goal we set in 2020
55%
average increased energy efficiency
of a 2024 KB home vs. a typical home
built as recently as 2006
4,700+
WaterSense labeled homes built in 2024
~120K
in 2024
WaterSense labeled fixtures installed
3,940
solar-powered new homes
built in 2024
CUMULATIVE RESULTS
ENERGY STAR certified homes
built, a milestone achieved in 2024
200,000+ and more than any other homebuilder
25,000+
250+
solar-powered new homes
Zero Energy Ready Homes built
built since 2010
and certified since 2010
157M
8.0B
estimated kilowatt hours of
estimated cumulative pounds
renewable solar energy
of CO2 emissions avoided due
produced annually
to improved energy efficiency
26,000+
2.1B
total WaterSense labeled and
estimated total gallons
Water Smart homes built since 2005
of water saved annually
$1.3B
18
cumulative utility savings
years of publicly reporting
for our customers
our sustainability results
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2024 Sustainability Report
CEO Letter
The Numbers
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
Our
Company
KB Home was founded with the goal of making first-time homeownership more affordable through innovative thinking. For the last 18 years, one of the primary ways we have done that is through our expanding dedication to sustainability as a means to build a better home that can be more affordable. We believe that we can balance the needs of homebuyers and the environment and better both without sacrificing either.
Sustaining the dream of homeownership both today and into the future is what we do every day. We believe that our long-standing sustainability focus supports a resilient business that builds attainable, sustainable homes, while also delivering long-term value for our customers, employees, partners and stockholders.
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2024 Sustainability Report
CEO Letter
The Numbers
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
KB Home at a glance
KB Home is one of the largest and most trusted homebuilders in the United States, operating in over
49 markets from coast to coast and building nearly 700,000 quality homes in our more than 65-year history.
Market listing as of
report publication date.
West Coast
Southwest
Central
Southeast
California
Arizona
Colorado
Florida
Idaho
Nevada
Texas
North Carolina
Washington
South Carolina
65+
years of building new homes
~
700K
total KB homes delivered since 1957
14,169
new KB homes delivered in 2024
76,703
total lots owned or under option or other
similar contracts as of November 30, 2024
258
community count as of November 30, 2024
We are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is our focus on building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford.
Founded: 1957
Chairman and CEO
Jeffrey Mezger
Principal Business
Building personalized new homes with features and options selected by the homebuyer - whether first-time, move-up or active adult - based on what they value and can afford.
2024 Total Revenue
$6.93 billion
Ticker Symbol: KBH (NYSE)
First homebuilder listed on NYSE
Our Vision
To be the most customer-obsessed homebuilder in the world.
Our Mission
Give our customers the ability to purchase a new home that reflects what they value and how they want to live, at a price they can afford.
Our Values
We make relationships
the foundation for all we do.
We build homes that make lives better.
We believe that everyone deserves a home that's as unique as they are.
We deliver more for less.
We strive for a better shared future.
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2024 Sustainability Report
CEO Letter
The Numbers
OUR WHY IS SIMPLE:
Sustainability is
a lever for affording the American Dream, not a barrier to it
Sustaining the dream of homeownership both today and into the future is what we do every day.
The benefits begin at home, but they don't stop there.
Sustainability begins with saving our homeowners on their utilities, driven by energy and water efficiency. However, the potential benefits aren't limited to home performance; they ripple out to the neighborhood, community, economy and environment.
Home benefits
Community benefits
Greater economic and
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
Strong governance and transparency
2.1B gallons of water
support stockholder trust and
long-term value delivery
conserved annually by
WaterSense labeled
Lower crime rate and
homes and fixtures
higher civic participation
40x higher average
household wealth
Estimated average savings
of $1,800 annually on
Storm water
utility bills compared
to a typical resale home
Construction site recycling
pollution prevention
and waste reduction
Reduced strain
on power grid
and infrastructure
• Upgraded insulation
Partner with local
• Radiant barrier
Smart thermostats
governments to meet
• High-efficiency HVAC
capable of demand-
long-term needs of residents
• ENERGY STAR certified appliances
response services
Contribute to
local infrastructure,
schools, roads, etc.
• Spacious, efficient design
• Materials waste reduction
• Enhanced moisture control
Biodiversity and
• Antimicrobial door hardware
natural resource
preservation
Strengthen local communities,
Foster social
Drought-tolerant
• WaterSense labeled fixtures
with $2.97M in donations and
7,013 employee volunteer
connection
landscaping and/or
• High-efficiency plumbing design
hours in 2024
and support
efficient irrigation
for improved hot water delivery
community ties
Density and community
4 full-time jobs created
for a year for every new
design aligns with land use
home built
Increased property tax revenue for local communities
Regional benefits
environmental benefits
200K+ ENERGY STAR certified new homes built $1.3B in total estimated utility bill reductions
8.0B estimated cumulative pounds of CO2 emissions avoided
Provide meaningful work
to over 2,300 employees and thousands of trade partners
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2024 Sustainability Report
CEO Letter
The Numbers
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
A better,
more sustainable home delivers business benefits
Sustainability is not just the right thing to do for our customers - it's also right for our business. Building more energy-, water- and resource-efficient homes offers advantages across our business.
Increasing new-home affordability
We design and build homes that help address the significant need for housing that is affordable.
Lowering the total
cost of homeownership
Sustainability can be a compelling competitive advantage because energy- and water-efficient homes can offer a lower operating cost compared to typical new or resale homes.
Elevating water conservation
The water-saving features in our homes reduce our customers' water bills and help to mitigate strain on local communities.
Containing the cost to build
Our scale and waste-reduction efforts allow us to build sustainable homes more economically.
Designing homes
to be healthier for residents
We design homes that can promote the health of their residents as well as the environment.
Integrating sustainability technology for increased safety and comfort
Sustainability-related technologies can offer greater comfort and efficiency, with user-friendly smart home interfaces.
Preserving the environment and natural resources for long-term value
More sustainable homebuilding that emits fewer greenhouse gases (GHGs) is part of a business strategy for long-term value creation for our stakeholders.
Becoming the builder of choice for partners
We believe our industry leadership and commitment
to excellence make us a partner of choice for municipalities, land sellers, developers and other partners.
Improving strength of supply chain
We select our partners in part based on their sustainable business practices, innovative products and processes, and commitment to ethical conduct.
Becoming an employer of choice
We strive to create a culture of excellence and provide a safe work environment that supports inclusion and meaningful work.
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2024 Sustainability Report
CEO Letter
Our sustainability priorities and why they matter
Guided by both our stakeholders and the data, we have identified clear priorities that serve as our North Star in our journey to achieving these consumer and business benefits and make the greatest potential positive sustainability impact through our business operations and products.
The Numbers
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
We have developed, implemented, refined and maintained initiatives, systems and practices intended to address the environmental impact of our homes over their multi-decade life cycle, as described in this and our past sustainability reports. We seek to make our products, including the home designs as well as design choices and options we offer to our customers, as well as our community development and home construction processes, as efficient and sustainable as possible while balancing that objective with our homebuyers' affordability priorities and our business performance and growth goals.
Our priorities that have guided us throughout our journey over the past 18 years:
Affordable
We believe that putting affordable homeownership - the American Dream - in reach for more people creates
homeownership
a stronger society, greater economic stability and personal financial resilience.
Energy
Energy efficiency is where we began our sustainability focus, and it continues to be our core strategy to help lower
efficiency
the total cost of homeownership and reduce the GHG emissions associated with our products.
Water
As a builder with a significant footprint across the Sun Belt, we have seen the region's water challenges and their
conservation
impact on homeownership for many years.
Resiliency
Natural disasters have an impact on the American Dream. We have begun taking regionally appropriate, proactive
measures to build homes that are more resilient against severe weather events, with features designed to maintain
occupant safety, prevent property damage and minimize disruption to daily living.
Industry
From the beginning of our sustainability journey, we have made significant efforts to promote the benefits of
engagement
sustainability within our industry and beyond, and informed homebuyers about the importance of sustainability,
particularly its impact on affordability.
Governance
We believe that governance is a vital part of turning sustainability from a program to a core business strategy. Toward
that end, we have instituted Board of Directors and senior executive management oversight, processes and policies
that integrate sustainability objectives and efforts into the execution of our business strategy and the long-term value
we seek to deliver to our stockholders.
Data transparency and sustainability disclosures
From our first sustainability report forward, we have shared our results, whether we met our goals or not, as an essential part of being accountable to ourselves and all our stakeholders. Today, that includes 18 years of historical data, as well as reporting against key sustainability frameworks and disclosures such as Global Reporting Initiative (GRI), Sustainability Accounting Standards Board® (SASB), Task Force on Climate-Related Disclosures (TCFD) and Taskforce on Nature-related Financial Disclosures (TNFD).
For more on our approach and risk factors related to climate, please reference the complete TCFD reporting in the Data & Disclosures chapter of this report, as well as our 2024 Annual Report on Form 10-K.
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2024 Sustainability Report
CEO Letter
The Numbers
Our Company
People-Driven
Better Homes
Strong Communities
Our Foundation
Data & Disclosures
Our journey
toward sustainability has led the way
for our industry for over two decades
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Disclaimer
KB Home published this content on April 22, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 22, 2025 at 12:34 UTC.