Business, Real Estate

KB Home leaving Atlanta

 

From The Atlanta Journal and Constitution:

One of the nation’s biggest home builders, KB Home, is quitting the Atlanta market.

The Los Angeles-based company has developed seven metro communities, three of which are completed, making it one of the biggest local homebuilders.

“KB Home has made the strategic decision not to invest in additional communities in Atlanta and make a gradual transition out of its operations in the market,” company spokesperson Cara Kane said.

“We are committed to completing and delivering all of the homes that are currently under construction in our four active communities in the Atlanta area to the full satisfaction of those homebuyers,” Kane said.

The move is hardly surprising, given the glut of homes for sale on the Atlanta market right now.

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