Jeffrey Mezger on land acquisition
From $KBH KB Home Q1 2026 Earnings Conference Call · · EARNMOAR
“We are maintaining our land investments at a level that will support our current growth projections and invested about $560 million in land acquisition and development in the first quarter with roughly 60% of our investment going toward developing land we already own. We continue to invest in growth as indicated by the $567 million we invested in land and development while also exercising discipline through our rigorous underwriting standards that resulted in abandoning contracts to purchase 3,400 lots at a cost of $2.2 million.”
On , Jeffrey Mezger, Chairman & Chief Executive Officer at KB HOME, spoke about land acquisition during $KBH KB Home Q1 2026 Earnings Conference Call on EARNMOAR.
About Jeffrey Mezger
Jeffrey Mezger, executive chairman of the board of KB Home, presided over the company’s 2026 annual meeting of stockholders on April 23, 2026. During the meeting, he called the proceedings to order, identified the board members in attendance, and declared that a quorum was present. Mezger noted that the meeting was conducted under posted rules of conduct and that stockholders could submit questions via a Q&A tab. He stated that the polls were closed and that final voting results would be reported in a public filing. Mezger reported that no pertinent questions were received from stockholders during the meeting. He then called for a motion to conclude the meeting, which was seconded, and declared the meeting adjourned. The meeting included the ratification of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending November 30, 2026.