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One of the leading homebuilding companies in the U.S.,
KB Home ( KBH - Analyst Report) recently unveiled two new communities in Dublin and Danville. Located in the sought after California Bay Area, the Fallon Ridge at Positano is located in Dublin whereas the Quail Ridge community is located in Danville.
The Fallon Ridge community offers four two-story floor plans covering 2,089 to 2,692 square feet. The floor plan includes bedrooms in the first floor and large kitchens. Homebuyers will be offered up to five bedrooms and four baths.
On the other hand, Quail Ridge in Danville, offers five two story floor plans within 1,692 to 2,110 square feet. Homebuyers will be offered up to four bedrooms and three baths. Set against a beautiful landscape comprising hills and Mt. Diablo in the backdrop, the community offers a swimming pool, cobblestone streets and hiking trails.
Owing to its operational business model KBnxt, KB Home always begins construction only after a purchase agreement is executed. Therefore, consumers buying KB homes get the liberty to plan their homes according to their preference. Like most other homebuilding companies, KB Home has been investing in lands and lots in order to raise its inventory level to meet the growing demand for new homes. The recent introduction of new communities will improve the company’s position, given the increasing demand for new homes and limited supply.
KB Home carries a Zacks Rank #2 (Buy).
Other stocks in the homebuilding sector that are performing well and deserve a mention include D. R. Horton Inc. ( DHI - Analyst Report) and Ryland Group Inc. , both carrying a Zacks Rank #1 (Strong Buy), and MDC Holdings Inc. ( MDC - Snapshot Report) carrying a Zacks Rank #2.