Leading U.S. homebuilding company, KB Home (KBH), recently announced the opening of a new community called Trailside in Thornton, CO.
Located north of downtown Denver, the Trailside community will accommodate 362 single families, with prices of homes starting from $329,000.
The new homes will be based on KB Home’s two home collections, Reserve and the Estates. Buyers are given the option to choose from 26 one- and two-storied floor plans.
While the Reserve collection offers 14 home designs, which can accommodate up to six bedrooms, five baths, and three-car garages, Estates offers 12 floor plans, which can accommodate up to seven bedrooms, five baths, and three-car garages.
Trailside residents will enjoy access to a four-acre park, scheduled to open next summer, equipped with sports courts, fields, and tot lots. It will also include a pavilion with grills and picnic tables. Also, residents can easily commute to the Denver International Airport and employment centers located in the Metro North region and Denver. The community falls under the purview of the Adams County School District 12.
Trailside residents will also have the option of adding a bedroom, gourmet kitchens, finished basements, and a den or loft area. Residents can also consult design professionals at the KB Home Studio. The residences will be offered Energy Star certified appliances, which will help save on utility bills.
The introduction of the new community is in line with the company’s strategy of increasing community count in fiscal 2014. The recent opening of community will contribute to the improvement of KB Home’s number of homes closed, which has been declining for the past few quarters.
KB Home presently carries a Zacks Rank #3 (Hold).
Other Stock to Consider
Investors interested in the building sector can also stocks like Hovnanian Enterprises Inc. (HOV), Lennar Corp. (LEN) and Beazer Homes USA Inc. (BZH). While Hovnanian Enterprises sports a Zacks Rank #1 (Strong Buy), Lennar and Beazer Homes carry a Zacks Rank #2 (Buy).
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