KB Home starting to see reemergence of first time home buyer Says achieving growth targets. Says continuing to invest in land to promote future growth. Says housing market characterized by steady, moderate growth and levels which vary dramatically in strength from city to city. Expects community growth to accelerate in 2H, with over 80 openings planned. Expects revenue growth will continue to outpace unit growth. Says housing recovery "proceeding". Says seeing signs of loosening among mortgage companies. The company said it is pushing toward a stated goal of a gross margin over 20% and in operating income margin in excess of 10%. Says primary focus is on meeting 2016 needs and beyond. Comments made during the company's Q2 earnings results.