KB Home at JPMorgan Homebuilding & Building Products Conference (Virtual) Transcript
Good morning. My name is Mike Rehaut. Thanks for joining us. We're continuing with our afternoon -- the last session actually of our morning of our 14th Annual Homebuilding and Building Products Conference here at JPMorgan. We're excited to have with us KB Home. We have Jeff Mezger, Chairman and CEO; Jeff Kaminski, CFO; and Jill Peters, Vice President, Investor Relations. This will be a fireside chat format. And if the audience has any questions, please submit them through the Ask a Question function or button on the website. I'll turn it over to Jill for a couple of opening remarks, and then we'll go into Q&A.
Great. Thank you, Mike, for hosting us this morning. We have just a few comments to start out with. Housing market conditions are robust, with favorable demographic trends, particularly with respect to first-time buyers driving demand, along with low mortgage interest rates. First-time buyers accounted for 65% of our deliveries in our
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