One of the leading homebuilding companies in the U.S.,
) 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.
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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.
Ryland Group Inc.
), both carrying a Zacks Rank #1 (Strong Buy), and
MDC Holdings Inc.
) carrying a Zacks Rank #2.