KB Home is a builder of single-family homes, townhomes and condominiums. The Company operates in Arizona, California, Colorado, Florida, Nevada, North Carolina, South Carolina and Texas. The Company also offers mortgage services through Countrywide KB Home Loans, a joint venture with a subsidiary of Bank of America N.A. Through its financial services subsidiary, KB Home Mortgage Company (KBHMC), the Company provides title and insurance services to its homebuyers. As of November 30, 2008, the Company operated in five reporting segments, which included four homebuilding reporting segments and one financial services reporting segment.