One of the biggest homebuilders in the country announced plans to move its headquarters out of California last week. KB Home, which employs over 2,300 people and is valued at around $3.7 billion, according to Forbes, said it will leave Los Angeles and relocate to Tempe, Arizona, in spring 2027.
In a news release, the building giant cited a more “business-friendly operating environment” in Arizona and that the departure from California would “lower the company’s cost structure over time.”
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