KB Home has established a Mid-Atlantic Division in a move to expand into the rapidly growing Washington, D.C.-area housing market, the company said today.

KB Home’s entry into Maryland and Virginia brings the number of markets in which KB Home builds to 39. The company’s previous eastern U.S. presence includes divisions throughout Florida, Georgia, North Carolina and South Carolina.

The company plans to open five communities in this region in 2006.

“We are establishing operations in the Washington, D.C., area because of its vibrant job and population growth, and the communities surrounding our nation’s capital are still some the most desirable areas to live in the country,” said KB Home Chairman and CEO Bruce Karatz.

The division’s first community, Martin’s Chase, will be located in Loudoun County, Va., and will feature approximately 147 single-family homes. KB Home will begin sales in Martin’s Chase in early 2006.

Additionally, KB Home is teaming up with Centex to build 2,000 homes for a mixed-use infill community on the 180-acre Crown Farm property, which will be annexed into Gaithersburg, Md. The community will feature retail space, a new high school and a variety of home designs. KB Home will build approximately 1,000 homes, including town homes, single-family homes and multifamily units. Sales are scheduled to begin in late 2007.

Mark Kinsley, who has served as president of KB Home’s New Mexico division since 2002, is the Mid-Atlantic division president. Kinsley joined KB Home in 1998 through the acquisition of Pridemark Homes in Colorado, where he was director of sales, and later vice president of land.


Send tips or a Letter to the Editor to jessica@inman.com or call (510) 658-9252, ext. 133.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription