Leading U.S. homebuilding company, KB Home (KBH Quick QuoteKBH - Free Report) acquired land for two new communities, accommodating 300 homesites in a new master planned community called The Meadows in Castle Rock, CO.

The two KB Home communities offer easy access to major business corridors such as Denver Tech Center and Colorado Springs through Interstate 25 and Founders Parkway. The community is also close to the highly reputed Douglas County High School.

The residents will also have access to the Castle Rock shopping center, downtown Castle Rock, parks, golf courses, and hiking and biking trails. In addition, KB Home’s properties incorporate energy efficient features and water saving features, which will help homeowners to save on their utility bills over the years. Homebuyers can also choose according to their preference including lot location, floor plan, flooring styles and paint colors.

KB HOME Price

KB HOME Price | KB HOME Quote

A healthy housing industry and strong demand trends in the markets served by KB Home in the first half of 2016 delivered impressive quarterly results for the company. KB Home surpassed the Zacks Consensus Estimate on both counts in the first two quarters. It benefited from a strong backlog in the previous quarters and broke the trend of soft revenues resulting from delays in construction and lower number of homes delivered in 2015.

KB Home carries a Zacks Rank #2 (Buy).

Other Stocks to Consider

Investors interested in the construction sector may also consider stocks like MDC Holdings Inc. (MDC Quick QuoteMDC - Free Report) , PulteGroup, Inc. (PHM Quick QuotePHM - Free Report) and TRI Pointe Group, Inc. (TPH Quick QuoteTPH - Free Report) . All the three companies sport a Zacks Rank #1 (Strong Buy).  

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