We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
KB Home (KBH) Opens Townhome Community in Windermere
Read MoreHide Full Article
KB Home (KBH - Free Report) announced the opening of a new townhome community, Vineyard Square, in Windermere, FL.
The community’s location will provide its potential buyers easy access to major transportation routes and employers in Orlando. Along with this, attractions like Walt Disney World, Orange County National Golf Center and Lodge, Universal Orlando Resort, Tibet-Butler Preserve and several dining and shopping facilities will be within reach.
All houses in Vineyard Square will be designed in an energy and water efficient manner since KB Home uses ENERGY STAR certification and WaterSense-labeled faucets and water fixtures. These features help owners reduce their monthly utility bills.
Also, Vineyard Square residents will be able to customize their homes in accordance with their lifestyle and budget.
The two-story floor plans, priced at $240,000, will feature up to four bedrooms, two-and-a-half bathrooms, and 2,113 square feet of floor space. Homeowners will also get to enjoy low-maintenance living and several community amenities.
Notably, over the last three years, KB Home has focused on several strategic initiatives to drive profit and revenues. One of its primary targets has been to increase community count. The company regularly opens communities in highly favorable submarkets to drive growth. KB Home’s recently-opened communities include Talesera Hills in Las Vegas, Sonoran Ranch II in Tucson and Cedar Brook in Houston.
Investors should keep in mind that KB Home’s community count, which declined during third-quarter 2016, is expected to drop further in the fourth quarter. Though demand in Houston is stabilizing, it will take a while before it bounces back.
However, a healthy housing industry and strong demand trends in the markets served by KB Home drove strong quarterly results. It benefitted from strong backlogs in the previous quarters and broke the previous trend of soft revenues resulting from delays in construction and lower number of homes delivered in 2015.
Better-ranked stocks in the construction industry include Gibraltar Industries, Inc. (ROCK - Free Report) , Hovnanian Enterprises Inc. (HOV - Free Report) and Toll Brothers Inc. (TOL - Free Report) .
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is expected to witness 190.9% growth in fiscal 2016 earnings.
Toll Brothers carries a Zacks Rank #2. Fiscal 2016 earnings for the company are expected to rise 21.9%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
KB Home (KBH) Opens Townhome Community in Windermere
KB Home (KBH - Free Report) announced the opening of a new townhome community, Vineyard Square, in Windermere, FL.
The community’s location will provide its potential buyers easy access to major transportation routes and employers in Orlando. Along with this, attractions like Walt Disney World, Orange County National Golf Center and Lodge, Universal Orlando Resort, Tibet-Butler Preserve and several dining and shopping facilities will be within reach.
All houses in Vineyard Square will be designed in an energy and water efficient manner since KB Home uses ENERGY STAR certification and WaterSense-labeled faucets and water fixtures. These features help owners reduce their monthly utility bills.
Also, Vineyard Square residents will be able to customize their homes in accordance with their lifestyle and budget.
The two-story floor plans, priced at $240,000, will feature up to four bedrooms, two-and-a-half bathrooms, and 2,113 square feet of floor space. Homeowners will also get to enjoy low-maintenance living and several community amenities.
Notably, over the last three years, KB Home has focused on several strategic initiatives to drive profit and revenues. One of its primary targets has been to increase community count. The company regularly opens communities in highly favorable submarkets to drive growth. KB Home’s recently-opened communities include Talesera Hills in Las Vegas, Sonoran Ranch II in Tucson and Cedar Brook in Houston.
Investors should keep in mind that KB Home’s community count, which declined during third-quarter 2016, is expected to drop further in the fourth quarter. Though demand in Houston is stabilizing, it will take a while before it bounces back.
However, a healthy housing industry and strong demand trends in the markets served by KB Home drove strong quarterly results. It benefitted from strong backlogs in the previous quarters and broke the previous trend of soft revenues resulting from delays in construction and lower number of homes delivered in 2015.
KB HOME Price
KB HOME Price | KB HOME Quote
KB Home carries a Zacks Rank #4 (Sell).
Stocks to Consider
Better-ranked stocks in the construction industry include Gibraltar Industries, Inc. (ROCK - Free Report) , Hovnanian Enterprises Inc. (HOV - Free Report) and Toll Brothers Inc. (TOL - Free Report) .
Gibraltar sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
Full-year 2016 earnings for Gibraltar are expected to grow 44.9%.
Hovnanian, a Zacks Rank #2 (Buy) stock, is expected to witness 190.9% growth in fiscal 2016 earnings.
Toll Brothers carries a Zacks Rank #2. Fiscal 2016 earnings for the company are expected to rise 21.9%.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>