KB Home CEO says 'well positioned for 2019' for 10%-15% community increase
CEO Jeffrey Mezger states: "We believe we are well positioned for 2019, with an anticipated 10% to 15% increase in our community count. In addition, we have taken proactive steps to reposition many of our existing and future communities to make our product more affordable. Our business model enables us to efficiently move with demand, leveraging our existing plan series to add smaller square footage options to our communities, and adjusting the specification levels within our homes. This operational flexibility expands the range of choices for our homebuyers, in moving up or down in square footage and upgrading options in our design studios - both distinctive advantages of our highly customer-centric approach to homebuilding."