KB Home opened its Preserve and Retreat communities in Morgan Hill, California, on December 13, 2025. The two‑story homes range from 2,018 to 2,529 square feet, offer up to five bedrooms and four bathrooms, and are priced from the mid‑$1 million range.
Both communities are ENERGY STAR® certified and feature a pool, park, playground, and clubhouse. They are located within walking distance to local schools and parks and provide easy access to major highways, the Caltrain station, and Silicon Valley employers.
The opening is part of KB Home’s strategy to expand its built‑to‑order model, which now accounts for 70 % of its operations, and to grow its presence in the high‑growth Bay Area market. In Q3 2025 the company delivered 3,393 homes, exceeding guidance, and its Q4 revenue guidance of $1.6 billion to $1.7 billion reflects confidence in continued demand.
KB Home’s Q3 2025 earnings showed earnings per share of $1.61 versus a consensus estimate of $1.50—a beat of $0.11—driven by strong operational execution and cost control that offset a 7.4 % decline in revenue. The company’s focus on personalized, high‑margin homes and sustainability has helped maintain margins despite rising land costs.
Management emphasized the importance of the new communities in strengthening KB Home’s presence in the Bay Area, a region with high demand from technology employers. CEO Jeffrey Mezger highlighted the company’s commitment to customer satisfaction and the built‑to‑order model as key drivers of growth.
The expansion into Morgan Hill aligns with KB Home’s broader goal of delivering ENERGY STAR® certified homes, reinforcing its leadership in sustainability and meeting growing consumer demand for energy‑efficient housing.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.