Kaufman Broad by thename


									                                                                                                                                            I The company

I Kaufman and Broad expands into the contract housing business.                        I The company expands into Southern California and
                                                                                                                                              relocates its

I Sales reach $5.2 million.
                                                                                         acquires operations in Chicago.                      to Los

                                                                  I The company
                                                                    becomes the
                                                                    first home
                                                                    builder to offer
                                                                    shares to the
                                                                    public. The
                                                                    offering raises                                                            I The company
                                                                    $1.8 million.                                                                forms mortgage
                                                                                                                                                 Kaufman and
                                                                                                   I The company introduces a                    Broad Mortgage
                                                                                                     “Townehouse” product in                     Co. to arrange
                                                                                                     Detroit; 400 attached units                 loans for
                                           I Donald Kaufman and Eli                                                                              home buyers.
                                                                                                                                               I Contract housing
                                                                                                     sell in 30 days.
                                              Broad co-found Kaufman                               I The company begins
                                              and Broad Building                                     building homes in Phoenix.                  operations cease.
                                              Company in Detroit with
                                              an initial investment of
                                           I In its first weekend in
                                              business, the company
                                              sold 17 homes at an
                                              average price of $13,740.
                                                                                                                                 I Kaufman and Broad becomes the
                                                                                                                                   largest single-family home
                                                                                                                                   builder in Paris.
                                                                  I The company becomes the first home builder to trade          I Operations span five states, as
                                                                    on the New York Stock Exchange.
I Diversification begins, as the company forms a cable
                                                                                                                                   well as Canada, France, and
                                                                  I The company starts up a                                        West Germany.
  TV franchising subsidiary, Nation Wide Cablevision.               manufactured housing business,
                                                                    Kaufman and Broad
                                                                    Home Systems.

                                                     I Kaufman and Broad becomes the largest home builder in the
                                                       San Francisco-San Jose area with the establishment of its
                                                       own division and the acquisition of Kay Homes.                          I The company forays into
                                                     I Eugene S. Rosenfeld is elected president, and Eli Broad                   both the pre-cut custom
                                                       becomes company chairman. The company’s name                              home market, opening
                                                       changes to Kaufman and Broad Inc.                 I Home sales surpass    plants in Denver and
                                                                                                                                                              I Foreign operations
                                                                                                        $100 million.            Minneapolis, and the
                                                                                                      I Operations are renamed   high-rise condo market
                                                                                                                                                                expand into
                                                                                                        Kaufman and Broad        in New Jersey.
                                                           I The company acquires                                              I Net housing revenues
                                                                                                                                                                Brussels, Belgium.
                                                                                                                                                              I The company
                                                                                                        Development Group
                                                                                                        (KBDG).                  reach $264.4 million.
                                                                                                      I The company buys Sun
                                                             Victoria Wood                                                                                      introduces the
                                                             Development Corp. in                                                                               10-year limited
                                                             Toronto, Canada.                           Life Insurance.
                                                                                                                                                                home warranty.

    I The company opens its first
      overseas office in Paris, France.
    I The company becomes the first
      home builder to offer a five-year
      limited home warranty.
                                                                                         I KBDG acquires Bati-Service, a major     I The new
                                                                                           French developer of affordable homes.     company forms
                                                                                                                                     a commercial
I The company becomes the first home builder to celebrate its 100,000th sale.                                                        development
I The company stages an elaborate advertising campaign, which includes constructing                                                  division
  a model home on the roof of an eight-story department store in downtown Paris.                                                     in Paris.

                                             I The company is split into four
                                               operating groups: home building,
                                               mortgage services, manufactured        I Home building operations are spun off to
                                               housing, and insurance.                  form Kaufman and Broad Home Corp. The
                                                                                        original entity becomes what is now AIG
                                                                                                                             I KB acquires Oppel
                                                                                                                               Jenkins, becoming
                                                                                                                               the largest home
                 I The company streamlines its operations to                          I The company opens offices
                                                                                                                               builder in
                                                                                                                               New Mexico.
                   include just California, France, and Canada.                         in Colorado and Nevada.
                 I Revenues reach $1.37 billion.

                                                          I The company                                                                             I The company
                                                            establishes new                                                                           builds a life-size
                                                            divisions in California                                                                   replica of the
                                                            and Las Vegas,                                                                            home featured in
I Two new divisions are formed in Paris:
                                                            bringing the total                                                                        The Simpsons in
                                                            number of divisions                                                                       Las Vegas as
  Maisons Individuelles and Kaufman and                     to 15.
  Broad Renovation.                                                                                                                                   part of a
                                                                                                                                                      promotion with
                                                                                                                                                      Fox Television
                                                                                                         I The company buys Texas-based Rayco
                                                                                                                                                      and Pepsi.
                                                                                                                                                    I KB enters the
                                                                                                           from founder Ray Ellison.
                                                                                                         I Management adopts KB2000, a
                                                                                                                                                      Austin market
                                                                                                                                                      and becomes the
                                                                                                           business model focused on the pre-         largest home
                                                                                                           sale and personalization of new homes.
                                                                                                         I The company enters the Dallas market.
                                                                                                                                                      builder in Texas.
                I The company acquires Houston-based Hallmark Residential                I Kaufman and Broad S.A., the company’s French                    I The company builds a 3,200-square-foot
                  Group, parent company of Dover Homes and Ideal Builders.                 subsidiary, becomes the first home builder to trade on            home for a needy family in Las Vegas for
                I The company purchases Colorado-based PrideMark and                       the Paris Bourse.                                                 TV series Extreme Makeover: Home Edition.
                  Arizona-based Estes Homes.                                             I The company also forms a joint venture, American City           I KB Home acquires Palmetto Traditional
                I KB opens its first new-home showroom in California, a concept            Vista, with former HUD secretary Henry Cisneros to                Homes in South Carolina and expands in the
                  that evolves into KB Home Studio; it completes 14 in a year.             develop homes in inner-city communities.                          Midwest by buying Dura Builders of Indiana.

                                     I The company changes its                                                           I In the wake of hurricanes Katrina and
                                       name to KB Home.
                                     I Operations span
                                                                                                                           Rita, the company forms a Gulf Coast
                                                                                                                           division and enters into a joint venture
                                       coast-to-coast with an                                                              with Shaw Group to build new homes
                                       entry into the Florida market                                                       in Louisiana.
                                       through the acquisition of                                                        I KB Home and Martha Stewart Living
                                       Jacksonville-based                                                                  Omnimedia collaborate to design and
                                       Trademark Home Builders.            I KB Home builds its Florida
                                     I The company upgrades its
                                                                                                                           build new-home communities inspired
I The company buys Lewis               business model to KBnxt.
                                                                             presence with a start-up                      by Stewart’s own homes in New York
                                                                                                                           and Maine.
                                                                                                                         I The company sells mortgage
                                                                             Tampa division.
                                                                           I The company acquires
  Homes from Ralph Lewis and
  his wife, becoming Nevada’s
  largest home builder.                                                      Orlando-based American Heritage               subsidiary KB Home Mortgage Co. to
I The company buys Houston-                                                  Homes and Tucson-based                        Countrywide Financial Corp. and
  based General Homes.                                                       New World Homes.                              forms a joint venture with the
I Revenues burgeon to                                                                                                      mortgage giant.
  $3.8 billion.
                                                                    I KB Home becomes the first national builder to commit to
                                                                      working with only trade partners certified through the NAHB’s
                                                                      National Housing Quality Certification (NHQ) program.               I KB Home opens its first             I KB Home sells its shares
                                                                    I The company builds a 3,000-square-foot home in New York as            co-branded Martha Stewart             in French subsidiary
                                                                      part of a promotion with ABC’s Live with Regis and Kelly.             community in Cary, N.C.               Kaufman & Broad S.A. for
                                                                    I KB Home acquires Colony Homes and Chicago-based                       The first phase virtually             roughly $800 million.
                                                                      Zale Homes.                                                           sells out in a matter               I The company announces
                                                                    I The company expands its operations in Florida with new                of weeks.                             a partnership with Disney
                                                                      divisions in the Treasure Coast and Fort Myers areas.               I Following an options                  to offer exclusive Disney
                                                                                                                                            backdating scandal, Bruce             home design options in
                                                                                                                                            Karatz resigns as CEO.                its KB Home Studios.
                                                                                                                                            Jeffrey Mezger, a 13-year           I The company begins
                                                                                                                                            company veteran, takes                winding down its
                                                                                                                                            over as president, CEO,               Indianapolis, Fort Myers,
                                                                                                                                            and director.                         and Treasure Coast

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