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Stock impact report

After the devastating LA wildfires, KB Home unveils a ‘fire-resilient' community just outside San Diego—and a third of the homes have already sold [Fortune]

KB Home (KBH) 
Last kb home earnings: 3/26 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.kbhome.com
Company Research Source: Fortune
The homes include details such as fire-rated roofs and buffer zones to prevent the spread of wildfire. Homes in the new Dixon Trail community outside of San Diego start at $1 million. In the aftermath of the devastating Los Angeles wildfires, which destroyed more than 15,000 structures including many under-insured and uninsured homes, KB Home is developing a “fire-resilient” community to help homeowners avoid the next disaster. The new Dixon Trail community in Escondido, Calif., just outside of San Diego, will include 64 homes that meet the stringent home and neighborhood-level wildfire resilience standards developed by the Insurance Institute for Business & Home Safety (IBHS). The homes start at $1 million and can range into the low millions of dollars. The median price of a new home in Escondido is $743,000, according to Redfin The details that make the homes more resilient to wildfires include class A fire-rated roofs, noncombustible gutters and siding, windows with two pan Show less Read more
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