One of the leading homebuilding companies in the U.S.,
) has acquired 200 acres for a new community known as CrossCreek
at Bandera-Culebra West, San Antonio. The community would
be opened in phases, with 100 homesites to be offered in 2013.
The second phase is expected to be ready by early 2014.
The company intends to open a model home park for buyers in
August. The model home park would include two fully furnished
home designs. This well-positioned community is expected to
accommodate 600 homes. CrossCreek comes under the popular
Northside Independent School District.
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.
Buyers purchasing the first phase homes in CrossCreek will be
offered 12 home designs with property sizes ranging from 1,516 to
2,960 square feet. For the second phase, the company intends to
offer two new collections of floor plans. The community will also
offer facilities like children's park and community swimming
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 in San Antonio. As such,
CrossCreek is one of the 25 active KB Home communities in San
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 (Buy).
D R HORTON INC (DHI): Free Stock Analysis
KB HOME (KBH): Free Stock Analysis Report
MDC HLDGS (MDC): Free Stock Analysis Report
RYLAND GRP INC (RYL): Free Stock Analysis
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