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. headquarters acquires operations in Chicago. to Los Angeles. 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 subsidiary 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 $25,000. 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 SunAmerica. 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 operations.
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