Los Angeles-based KB Home KBH recently unveiled a new gated community called Portola Hills in Henderson, NV. A short drive from the Las Vegas strip in Henderson, the community offers easy access to major employment areas, shopping and reputed schools.
Portola Hills comprises 31 homes, which are priced from high $200’s. Buyers can choose from both one and two story floor plans. All the floor plans offer customizable flex space, where residents can incorporate their preferences. The homes can accommodate up to six bedrooms, three and a half baths and a family style kitchen. Some floor plans include downstairs bedrooms with a walk-in closet and a private bath.
This opening is in line with KB Home’s strategy to increase community count. Other than increasing communities, the homebuilder’s strategic initiatives also include boosting revenue per community and increasing profitability per unit. For instance, homebuyers at Portola Hills will be assisted by KB Home Design Studio in choosing other details like flooring, tile, cabinetry and lighting.
By offering homebuyers the choice to incorporate their taste and preference, the company is able to drive average selling prices higher, which in turn boost revenue per community. The improving first-quarter 2015 results indicate that these efforts may have started to pay off.
KB Home carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Investors interested in the building sector can also consider Toll Brothers Inc. TOL, Ryland Group Inc. RYL and DR Horton Inc. DHI. While Toll Brothers sports a Zacks Rank #1 (Strong Buy), Ryland Group and DR Horton carry a Zacks Rank #2.
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