KB Home, Shaw Form JV to Boost Louisiana

KB Home, Los Angeles, and The Shaw Group Inc., Baton Rouge, La., have announced the formation of KB Home/Shaw Louisiana LLC, a joint homebuilding venture aimed at boosting Louisiana's economy in the wake of hurricanes Katrina and Rita.New Orleans native Steve Davis of KB Home will head the joint venture as Gulf Coast region president, overseeing land acquisition and development, construction, purchasing, customer service, sales, and marketing. Representing Shaw in the venture is company vice president David Landers, a Louisiana native. "This is the first new residential construction program to be announced in Louisiana since Hurricane Katrina came ashore," said J. M. Bernhard, Shaw's chairman and chief executive officer. ".... This joint venture is designed to provide desperately needed new homes to stricken areas and will attract a broad demographic range of homeowners, which is vital to the recovery of our state." The companies can be found online at http://www.kbhome.com and http://www.shawgrp.com.