Free Republic

KB Home, one of the largest homebuilding companies in the U.S., plans to relocate its corporate headquarters from Los Angeles to Arizona, marking the latest example of a major company shifting leadership operations out of California. The homebuilder announced it will move its headquarters from Westwood to Tempe beginning in spring 2027, transferring executive leadership and key corporate functions to the Phoenix metro area, according to a report from LA Magazine. Company leaders cited lower costs, operational efficiency and Arizona’s business climate as major reasons for the move. The shift reflects a broader trend in which some large companies have...

Homeowners brought a federal racketeering lawsuit on Thursday against KB Home, the former Countrywide Financial Corp and appraiser LandSafe Inc, accusing the companies of operating a scheme to fraudulently inflate sales prices of KB homes in Arizona and Nevada.

Industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump. But a spike in consumer prices is also stoking worries that inflation might spread more broadly as the economy heats up. The Federal Reserve reported yesterday that industrial production rose 0.7 percent in October, the fastest pace since July. In addition, the Commerce Department reported that new housing starts had recovered from a September dip to rise 6.4 percent last month. Investors in financial markets seemed encouraged by the emerging panorama of economic strength, as...