Leading U.S. homebuilding company KB HomeKBH has recently opened a new community called Dahlia Pointe in Mesa, AZ. Dahlia Pointe will offer homes priced in the low $200,000s.
Dahlia Pointe is a community with one- and two-story single-family homes. These homes accommodate up to five bedrooms and three bathrooms. Also, homebuyers can choose from various floor plans offered by the Villas collection. The community features a common swimming pool, playground and open grass areas. Residents can send their children to schools in the reputed Gilbert Unified School District.
Homebuyers will enjoy close proximity to Superstition Freeway inside Loop 202, which will provide them easy access to the Phoenix metropolitan area. They will also get easy access to recreational spots at SanTan Village, Superstition Springs Center and Dana Park malls. All homes incorporate energy-efficient and water saving features to help residents save on their utility bills.
The latest development is in line with KB Home's strategy to increase community count. Through the first half of 2015, the company has been focused on expanding its community count, and increasing its orders and backlogs. Going forward, from the third quarter of 2015, the company started converting its backlogs into deliveries and revenues, higher margins and larger economies of scale. As a result, it expects significant year-over-year earnings growth in the upcoming quarters.
KB Home carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the construction sector can consider Gafisa S.A. GFA , Advanced Drainage Systems, Inc. WMS and Lennar Corporation LEN . While Advanced Drainage Systems sports a Zacks Rank #1 (Strong Buy), Lennar Corporation and Gafisa hold a Zacks Rank #2 (Buy).
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