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KB Home (KBH) Unveils Westview Landing Community in Houston
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KB Home (KBH - Free Report) has been busy boosting its community count of late. The company has opened Westview Landing, its newest community in Houston.
This community offers quick access to Highway 249, Interstate 45 and Beltway 8, providing a short commute to the Energy Corridor.
Last month, KB Home opened its first home community in Texas Research Park (TRP) at Far West San Antonio.
It is to be noted that KB Home has been facing declining community count of late. At the end of fourth-quarter 2016, the company’s average community count was 231, down 8% year over year.
Nevertheless, KB Home has been focusing on several strategic initiatives over the last few years to drive profits and revenues. One of the company’s primary targets has been to boost community count which is expected to increase in the first quarter of fiscal 2017.
Investors should note that shares of KB Home gained around 9.7% in the last six months compared to the Building-Residential/Commercial industry’s gain of 3.8%. Moreover, the company has a decent earnings history, beating estimates in all of the past four quarters at an average of 12.33%. The company boasts an impressive 3-5 year EPS growth rate of 15.13%.
Additionally, the company is focused on its core KB2020 business strategy which aims to boost scale in the existing geographic footprint, improve profitability per unit, generate higher operating margin and drive earnings while generating positive cash flow to redeploy for growth and debt reduction.
Overall, the positive trends in supply and demand fundamentals have led to incredible hikes in home prices and are likely to provide some resiliency in the face of moderately rising interest rates in 2017.
Though homebuilders admit to rising labor shortages and land/labor costs, they in general expect the housing market to continue its measured recovery this year in tandem with steady economic growth.
NVR and PulteGroup sport a Zacks Rank #1. Full-year 2017 earnings for NVR are expected to increase 23.6% and that for PulteGroup is 32.1%.
D.R. Horton is expected to witness 15.6% growth in fiscal 2017 earnings.
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
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KB Home (KBH) Unveils Westview Landing Community in Houston
KB Home (KBH - Free Report) has been busy boosting its community count of late. The company has opened Westview Landing, its newest community in Houston.
This community offers quick access to Highway 249, Interstate 45 and Beltway 8, providing a short commute to the Energy Corridor.
Last month, KB Home opened its first home community in Texas Research Park (TRP) at Far West San Antonio.
It is to be noted that KB Home has been facing declining community count of late. At the end of fourth-quarter 2016, the company’s average community count was 231, down 8% year over year.
Nevertheless, KB Home has been focusing on several strategic initiatives over the last few years to drive profits and revenues. One of the company’s primary targets has been to boost community count which is expected to increase in the first quarter of fiscal 2017.
Investors should note that shares of KB Home gained around 9.7% in the last six months compared to the Building-Residential/Commercial industry’s gain of 3.8%. Moreover, the company has a decent earnings history, beating estimates in all of the past four quarters at an average of 12.33%. The company boasts an impressive 3-5 year EPS growth rate of 15.13%.
Additionally, the company is focused on its core KB2020 business strategy which aims to boost scale in the existing geographic footprint, improve profitability per unit, generate higher operating margin and drive earnings while generating positive cash flow to redeploy for growth and debt reduction.
Overall, the positive trends in supply and demand fundamentals have led to incredible hikes in home prices and are likely to provide some resiliency in the face of moderately rising interest rates in 2017.
Though homebuilders admit to rising labor shortages and land/labor costs, they in general expect the housing market to continue its measured recovery this year in tandem with steady economic growth.
Zacks Rank
KB Home currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Better-ranked stocks in the sector include NVR, Inc. (NVR - Free Report) , PulteGroup, Inc. (PHM - Free Report) and D.R. Horton, Inc. (DHI - Free Report) .
NVR and PulteGroup sport a Zacks Rank #1. Full-year 2017 earnings for NVR are expected to increase 23.6% and that for PulteGroup is 32.1%.
D.R. Horton is expected to witness 15.6% growth in fiscal 2017 earnings.
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>