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KB Home (KBH) - free report >>
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KB Home Unveils Villas Escalante Homes in East Tuscan
Leading U.S. homebuilding company, KB Home (KBH - Free Report) opened a new community called The Villas Escalante in East Tuscan, AZ. Price of Villas Escalante homes start from high $170,000s.
Villas Escalante comprises one and two story homes, which can accommodate six bedrooms and three baths. The homes have open floor plans, spacious rooms and flexible loft areas.
The community is located at the northeast corner of Prudence and Escalante Road, close to Davis-Monthan Air Force Base, Pima Community College East and the University of Arizona South. Residents can therefore enjoy easy access to the Charles Ford, Lincoln, Vista del Prado and Escalante parks. Rolling Hills and Fred Enke golf courses are also close by.
The homes are energy star certified and incorporate energy efficient features such as Carrier Cor smart thermostat and energy star certified appliances. They also include water saving features such as WaterSense labeled fixtures. These features 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 Meritage Homes Corporation (MTH - Free Report) , TopBuild Corp. (BLD - Free Report) and GCP Applied Technologies Inc. . While TopBuild sports a Zacks Rank #1 (Strong Buy), Meritage Homes and GCP have a Zacks Rank #2 (Buy).
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