Boston, MA, 06/28/2013 (nysepost) - The share prices of KB Home (NYSE:KBH) had increased by 0.96 percent to close at $19.70 per share when the market ended on Thursday. The shares of the company had been trading with intraday prices varying in the range of $19.50 to $20.76 per during the day. The shares KB Home (NYSE:KBH) had a market capitalization of $1.65 billion. The stock opened at $20.12 per share. The share price had recorded 52 week low levels at $7.19 per share and 52 week high levels at $25.14 per share.
Condominiums and townhomes are built by KB Home (NYSE:KBH). The company is also involved in building single-family residential homes. Through its operating divisions KB Home (NYSE:KBH) constructs and sells homes under their brand name. In the United States, the company is also involved in assisting the home buyers to seek loans from financial services companies and the company also operates in wide range of other related markets. KB Home (NYSE:KBH)’s home building operations are specialized in providing varied and unique designs and elevations for Townhomes, condominiums and single-family residential homes. The homebuyers are further provided with the insurance and related services by the financial services segment of KB Home (NYSE:KBH).
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In the second quarter, KB Home (NYSE:KBH) had reported the sales of many homes at higher prices and huge profit margins. In Southern California, the construction arm of the company represents the largest in terms of home building productivity rate. After the recession, there had recently been reports on the effective recovery of the U.S. home markets. The present condition of lower mortgage rates is in effect attracting many buyers towards new homes. The company has an institutional investor’s shareholdings as 86 percent. KB Home (NYSE:KBH) has witnessed a trading volume of 11.57 million shares and an average volume of 3.96 million shares per day. The company presently holds 83.55 million shares outstanding in the market.