Leading U.S. homebuilding company, KB Home (NYSE:KBH) revealed its plan to open a new master planned community called Inspirada in Henderson, NV. The grand opening has been scheduled on Jul 16. KB Home will offer a collection of townhomes called Groves and a collection of single family called Greencourts.
Priced from $190,000s, Groves homes offer access to various amenities, including 85 acres of parks, 35 miles of trails, six pools, several playgrounds and sport courts. The residents at Groves home will be offered five two-story floor plans, which accommodate three bedrooms and two and half baths. The homes boast granite kitchen countertops, raised panel interior doors and ceramic tiles.
Price of Greencourts single family homes start from high $220,000s. Greencourts homes offer two story floor plans, which can accommodate five bedrooms and three baths. The homes are Energy Star certified and incorporate water saving features. These will help homeowners to save on their utility bills over the years.
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. However, labor shortages and rising cost of raw materials remains a major overhang.
KB Home carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the construction sector include CalAtlantic Group, Inc. (NYSE:CAA) , Meritage Homes Corporation (NYSE:MTH) and TopBuild Corp. (NYSE:BLD) . While TopBuild and CalAtlantic Group sport a Zacks Rank #1 (Strong Buy), Meritage Homes Corporation has a Zacks Rank #2 (Buy).
KB HOME (KBH): Free Stock Analysis Report
MERITAGE HOMES (MTH): Free Stock Analysis Report
TOPBUILD CORP (BLD): Free Stock Analysis Report
CALATLANTIC GRP (CAA): Free Stock Analysis Report
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