If KB Homes Is Leaving L.A., What Does That Say About California?

KB Home, a major homebuilder with roots in Los Angeles since 1963, is moving its headquarters to Phoenix after building over 600,000 homes in California. The company cites the need to reduce costs and afford housing for its employees as primary reasons for the move. This departure highlights the increasing unaffordability of California for both residents and businesses, raising questions about the state’s stagnant growth, population loss, and the failure of smart growth initiatives to create livable and affordable communities.