Homebuilding Industry Outlook

kb SG&A Expense Ratio HOME 14 | 11.8% '20 10.7% 10.2% '21 First Quarter 11.8%* 10.1% 9.8% 11.0% '22 '20 '21 '22 '20 Second Quarter *Excludes $6.7 million of severance charges. 9.9% 8.9% '21 Third Quarter 22 '22 10.3% 9.8% '20 '21 Fourth Quarter O2022 KB Home

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