One of the leading homebuilding companies in the U.S.,
) has entered in a land purchase agreement with Newhall Land to
acquire 54 finished lots for a new community known as Charleston
at River Village, Valencia. Newhall Land is a community planner
in North Los Angeles. The community is expected to be opened in
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.
The consumers can choose from 5 two-storey floor plans for
their homes at River Village. Each River Village home will
accommodate up to six bedrooms, four and a half baths, sun rooms,
junior suites and owner's suite with large walk-in dual closets.
The residents can also enjoy other facilities like parks, trails
along Santa Clarita River, neighborhood retail center,
restaurants and shopping centers.
KB homes at Charleston are equipped with 1.8kW solar power
system and energy-conserving appliances, which can help residents
to save up to 70% on their energy bills.
KB Home intends to open more than 120 communities in fiscal
2013, with more communities scheduled to come up in the later
half of the year. The community count is expected to increase by
at least 15% to 20% by the end of next year.
KB Home carries a Zacks Rank #3 (Hold). With the housing
market recovery gaining momentum, KB Home believes its strategic
initiatives will help achieve profitability in 2013. However, a
sustainable recovery in the long term can be achieved only
through a broad-based recovery in the overall economy.
Other stocks in the homebuilding sector that are performing
well and deserve a mention include
) with a Zacks Rank #1 (Strong Buy), and
D. R. Horton Inc.
Hovnanian Enterprises Inc.
), with a Zacks Rank #2 (Buy).
D R HORTON INC (DHI): Free Stock Analysis
HOVNANIAN ENTRP (HOV): Free Stock Analysis
KB HOME (KBH): Free Stock Analysis Report
NVR INC (NVR): Free Stock Analysis Report
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