One of the leading U.S. homebuilding companies,
) recently unveiled Whitmore Oaks and Westberry Manor communities
in Mandarin in Northeast Florida. Home prices start from
mid-$200,000s and include no community development district fees.
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The residents of Westberry Manor can choose from two one-story
and five two-story floor plans. The residents will have access to
shopping centers, restaurants and St. John's River. On the other
hand, homebuyers at Whitmore Oaks will be offered three one-story
and six two-story floor plans that include up to six bedrooms and
All the homes offer energy efficient features and will help
residents save on their utility bills. They will also incorporate
the Wiser home management system, which keeps a track of energy
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. Homebuyers can choose
from various features such as a covered patio, a master bath with
separate tub and shower, and a gourmet kitchen with a double oven
and cooktop. Homebuyers will be guided by a personal design
consultant at the local KB Home Studio to create a home that
meets their unique needs and preference.
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 two new communities will help KBH
meet this excess demand for homes. In fact, in summer, the
company intends to open another single family community, Abby
Glen, on Sunbeam Road.
KB Home carries a Zacks Rank #3 (Hold).
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).