One of the leading U.S. homebuilding companies,
) recently opened a new community called Westwoods Mesa in
Arvada. Located in the Denver area, the new community has four
decorated model homes now open for daily tours. The community
offers paired and single-family homes.
The residents of Westwoods Mesa can choose from eight one- and
two-story single-family home designs and six two-story paired
home floor plans. The homes can accommodate up to five bedrooms
and three and a half baths. Prices of the single family homes
start from low $300,000s.
The residents of Westwoods Mesa can also choose to opt for a
paired home for low maintenance living. The homes can accommodate
up to four bedrooms and three baths. Prices of these homes start
from low $200,000s.
Westwoods Mesa is the tenth KB Home community in the metro-Denver
area. Residents can enjoy activities like swimming, fishing,
cycling, skating, rock climbing at the Standley Lake and the Apex
Center, and access the nearby golf courses and parks.
All the homes will offer energy efficient features and will help
residents save on their utility bills. The homes will also
incorporate WaterSense labeled faucets and fixtures, which also
help to conserve natural resources.
Though interest rates have started increasing lately, they are
still below historical levels and housing is still affordable.
Thus, high affordability levels, increased rentals and
historically-low interest rates are driving the housing recovery.
In addition, accelerating job growth and increasing consumer
confidence are also boosting the demand for new homes. Supply,
however, remains limited. The new communities will help KBH meet
this excess demand for homes.
Owing to its operational business model KBnxt, this Zacks Rank #3
(Hold) company 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.
Other Stocks to Consider
Investors interested in the homebuilding sector can also consider
William Lyon Homes
Taylor Morrison Home Corporation
). While William Lyon and Taylor Morrison sport a Zacks Rank #1
(Strong Buy), Lennar carries a Zacks Rank #2 (Buy).
KB HOME (KBH): Free Stock Analysis Report
LENNAR CORP -A (LEN): Free Stock Analysis
TAYLOR MORRISON (TMHC): Free Stock Analysis
WILLIAM LYON HM (WLH): Get Free Report
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