Los Angeles, California based KB Home (NYSE:KBH) has been building homes for over 50 years. Catering mainly to first time home buyers, the company also generates a portion of sales from repeat buyers and active adult communities. Like many competitors, KB Home over expanded during the housing boom and suffered the consequences of its actions. Having learned from its mistakes, the company has come back in much better financial shape and now offers investors an attractive way to play the housing rebound.
Although KB Home is also building in fast growing regions like Texas and Florida, the California market appears to offer tremendous growth potential over the next few years. With over half of the company's revenue generated...
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