As highlighted in a recent Business Journal cover story (“Insider Sales Skyrocket at L.A. Companies,” Aug. 20), investors frequently look to insider selling activity in public companies to assess confidence in a company’s future. Far from being in the throes of an insider-selling trend that might suggest uncertainty about the company’s future, KB Home executives have purchased more shares than they have sold in the past six months.
These transactions provide undeniable proof that we at KB Home believe our recent record financial performance, coupled with the resiliency of the U.S. housing market as a whole, bodes well for our future. Those closest to our business continue to be highly invested in the future growth of the company.
Chairman and Chief Executive