Homebuilding Industry Outlook

kb Homebuilding Operating Income Margin* HOME 6.1% 10.4% 15.5% 12.2% 11.4% 9.6% 6.9% 18.1% 12.1% 10.7% 12.9% '20 '21 '22 '20 '21 '22 '20 '21 '22 '20 '21 First Quarter Second Quarter Third Quarter Fourth Quarter 11 | *Excludes inventory-related charges and Q2 2020 severance charges. See Appendix: Reconciliation of Non-GAAP Financial Measures. © 2022 KB Home

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