One of the leading homebuilding companies in the U.S.,
) has acquired 100 acres for a new community known as Lakewood
Pines in Atascocita in Houston, Texas. Located close to
Houston Lake, the community will accommodate more than 300
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The company intends to start land development later in 2013 and
the construction of model homes is expected to start by mid 2014.
The company plans to develop about 250 acres of additional land
adjacent to Lakewood Pines, which can accommodate up to 700
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.
KB Home customers can choose from various fixtures, finishes and
floor plans with sizes ranging from 2,000 to 4,000 square feet.
The homes will be ENERGY STAR certified and will have WaterSense
labeled faucets and fixtures, which can help residents save on
their utility and water bills.
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. KB Home has been
focusing on lucrative housing markets such as Houston. Lakewood
Pines will be the latest addition to the 25 active KB Home
communities in Houston.
KB Home carries a Zacks Rank #3 (Hold).
Other stocks in the homebuilding sector that are performing well
and deserve a mention include
D. R. Horton Inc.
MDC Holdings Inc.
), all carrying a Zacks Rank #1 (Strong Buy).