{"id":266917,"date":"2026-04-14T07:05:24","date_gmt":"2026-04-14T07:05:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/266917\/"},"modified":"2026-04-14T07:05:24","modified_gmt":"2026-04-14T07:05:24","slug":"california-exodus-strikes-again-as-homebuilding-giant-pulls-out","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/266917\/","title":{"rendered":"California exodus strikes again as homebuilding giant pulls out"},"content":{"rendered":"<p>Another <a href=\"https:\/\/nypost.com\/2026\/02\/25\/us-news\/public-storage-is-latest-major-company-to-flee-california-for-texas\/\" rel=\"nofollow noopener\" target=\"_blank\">billion-dollar business is ditching<\/a> California.<\/p>\n<p>KB Home <a href=\"https:\/\/nypost.com\/2026\/03\/09\/us-news\/yamaha-pulling-out-of-california-after-half-a-century-hq-headed-to-georgia\/\" rel=\"nofollow noopener\" target=\"_blank\">announced it\u2019s packing up<\/a> its Los Angeles headquarters and heading to Tempe, Arizona \u2014 the latest corporate exit from the Golden State.<\/p>\n<p>The move to the Phoenix suburb is set to kick off in spring 2027, with the company planting its flag at Hayden Ferry Lakeside near Tempe Town Lake \u2014 just minutes from the airport and smack in the middle of the booming Valley.<\/p>\n<p>KB Home logo displayed on the exterior of a corporate building. AFP via Getty Images<\/p>\n<p>Company brass say the shift isn\u2019t just about swapping zip codes \u2014 it\u2019s about cutting costs and boosting teamwork<\/p>\n<p>\u201cThis move brings our teams together in a more collaborative environment, and Phoenix is the right place to do it,\u201d said CEO Robert McGibney.<\/p>\n<p>The move to the Phoenix suburb is set to kick off in spring 2027. SOPA Images\/LightRocket via Getty Images<\/p>\n<p>The move is also very much about the money. <\/p>\n<p>The Phoenix area is far cheaper than Los Angeles, where sky-high home prices can run hundreds of thousands more. That massive gap has fueled a steady stream of residents \u2014 and now corporations \u2014 fleeing California for Arizona.<\/p>\n<p>KB Home also pointed to Arizona\u2019s business-friendly climate as a key reason for the relocation.<\/p>\n<p>The KB Home office building in Los Angeles. google maps<\/p>\n<p>The builder isn\u2019t exactly a small player in California. It still has major developments stretching from San Diego and Riverside counties all the way up to the Bay Area and Sacramento.<\/p>\n<p>Still, it joins a growing list of companies heading for the exits.<\/p>\n<p>Realtor.com, Public Storage and <a href=\"https:\/\/nypost.com\/2026\/03\/09\/us-news\/yamaha-pulling-out-of-california-after-half-a-century-hq-headed-to-georgia\/\" rel=\"nofollow noopener\" target=\"_blank\">Yamaha Motor Corporation<\/a> have all expressed plans to move operations out of California \u2014 a trend that\u2019s raising fresh questions about the state\u2019s business climate.<\/p>\n","protected":false},"excerpt":{"rendered":"Another billion-dollar business is ditching California. KB Home announced it\u2019s packing up its Los Angeles headquarters and heading&hellip;\n","protected":false},"author":2,"featured_media":266918,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1956,7,9,8,4019,47,4182,6710,3586],"class_list":{"0":"post-266917","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-california","8":"tag-arizona","9":"tag-california","10":"tag-california-headlines","11":"tag-california-news","12":"tag-construction","13":"tag-los-angeles","14":"tag-metro","15":"tag-phoenix","16":"tag-us-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/266917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=266917"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/266917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/266918"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=266917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=266917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=266917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}