KB Home opened its Skyline Village Enclaves community in San Tan Valley, Arizona, on October 31, 2025. The 1,200‑home development covers 1,200 acres and includes a mix of single‑family homes and townhomes priced between $250,000 and $450,000.
The community features modern floor plans with open‑concept great rooms, kitchens with island views, and master suites with walk‑in closets. The Built‑to‑Order model allows buyers to customize finishes and layout options before construction.
The opening follows KB Home’s strategy to expand in high‑growth Southwest markets. In the third quarter of 2023, the company reported revenue of $1.59 billion, down 13% from $1.84 billion in Q3 2022, and net income of $149.9 million, down 41% from $255.3 million. Operating income margin fell to 11.3% from 17.7% in the prior year.
Management cited rising construction costs and elevated mortgage rates as headwinds that have pressured margins. The company has revised its 2025 full‑year guidance downward and announced a new $1 billion share‑repurchase authorization in October 2025.
The Skyline Village Enclaves opening is expected to contribute to KB Home’s 2025 sales target of 4,500 homes, with the Southwest segment accounting for 35% of total sales. The company plans to increase the proportion of Built‑to‑Order homes to 70% of its portfolio.
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