KB Home is a homebuilder that has domestic operations in Arizona, California, Colorado, Florida, Nevada, New Mexico and Texas, and, through a majority owned subsidiary, international operations in France. KB Home builds homes that cater primarily to first-time and first move-up homebuyers, generally in medium-sized developments close to major metropolitan areas. Kaufman & Broad S.A., KB Home's majority-owned French subsidiary, builds single-family homes, high-density residential properties such as condominium complexes and commercial projects in France. KB Home also provides mortgage-banking services to domestic homebuyers through its wholly owned subsidiary, KB Home Mortgage Company.