Leading U.S. homebuilding company, KB Home (KBH - Free Report) opened a new community called The Hideaway in Hayward, CA. Price of Hideaway homes starts from high $500,000s. Hideaway homes offer three story floor plans, which can accommodate four bedrooms, three and a half baths and a private and attached 2-car garage. The homes flaunt modern designs with open layouts and Spanish or Italianate exteriors.
Hideaway homes are located in a prime East Bay location, close to Interstate 880, 580 and State Route 92. The community is also close to Hayward Unified School District. As a result, residents will have access to facilities such as a private neighborhood park, ample open space, and 20 miles of running and hiking trails. They can also enjoy easy access to downtown Hayward, California’s oldest Japanese garden and a championship golf course. The homes are energy star certified and incorporate energy efficient features such as Carrier Cor smart thermostat and increased insulation. They also include water saving features such as WaterSense labeled faucets and 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 #4 (Sell).
Stocks to Consider
Better-ranked stocks in the construction sector include Masco Corporation (MAS - Free Report) , TopBuild Corp. (BLD - Free Report) and GCP Applied Technologies Inc. (GCP - Free Report) . While TopBuild sports a Zacks Rank #1 (Strong Buy), Masco and GCP have a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>