Homebuilding Industry Outlook

13 | kb Housing Gross Profit Margin - As Adjusted* HOME 17.9% 22.4% 21.1% 18.7% 21.5% 25.3% 22.0% 20.6% 27.0% 22.4% 21.0% '20 '21 '22 '20 '21 '22 '20 '21 '22 '20 '21 First Quarter Second Quarter Third Quarter Fourth Quarter *Excludes inventory-related charges. See Appendix: Reconciliation of Non-GAAP Financial Measures. © 2022 KB Home

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