Leading U.S. homebuilding company, KB Home (NYSE:KBH) opened a new gated community called The Dove Creek in San Antonio. Priced from $180,000, Dove Creek homes are located off Loop 1604 between Potranco and Marbach Roads.
Dove Creek homes offer residents the option of including great rooms, covered patios, lofts or additional bedrooms. The floor plans include a two car garage and exterior options of stucco, stone and brick combinations. The community is close to Northside ISD schools. Residents will have access to facilities such as two swimming pools, picnic pavilion, children’s playground and a clubhouse. They can also enjoy easy access to Alamo Ranch Marketplace, H-E-B Plus and SeaWorld San Antonio. The homes incorporate energy efficient features, and are energy star certified.
KB Home has been particularly focusing on the San Antonio market. Earlier this week, the company acquired 75 acres of land at Texas Research Park (TRP). Located along the Highway 211 corridor in far Northwest Bexar County, this land is expected to accommodate 234 new single family homes. The community is expected to be opened in early 2017.
This marks KB Home’s largest land acquisition in San Antonio. Earlier in 2016, the company had unveiled several new communities in the region including The Ridge at Bandera, The Heights at Northeast Crossing, and Misiones. The company intends to open one more community, Copano Ridge later in 2016.
With the prospect of strong housing recovery in 2016, primarily on the back of job and income growth, economic recovery, improving consumer confidence, moderating home price gains, and affordable interest rates, most homebuilders are seeking to strengthen their position. KB Home consistently aims to boost its community count in the highly favorable submarkets as part of its growth strategy.
KB Home carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the construction sector include Masco Corporation (NYSE:MAS) , Universal Forest Products Inc. (NASDAQ:UFPI) and GCP Applied Technologies Inc. (NYSE:GCP) . All three companies have a Zacks Rank #2 (Buy).
MASCO (MAS): Free Stock Analysis Report
UNIVL FST PRODS (UFPI): Free Stock Analysis Report
KB HOME (KBH): Free Stock Analysis Report
GCP APPLIED TEC (GCP): Free Stock Analysis Report
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