One of the leading U.S. homebuilding companies, KB Home KBH recently opened a new community called Copper Crest in Mesa, AZ. Located north of the Superstition Freeway and south of Loop 202, Copper Crest offers three unique collection of homes, the Villas, Traditions, and Enclaves.
Copper Crest Villas offers 6 one and two story floor plans. Priced from low $200s, these homes can accommodate up to five bedrooms and three bathrooms.
Meanwhile, Copper Crest Traditions comprises 4 single-story home designs and 1 two-story design. Homes are priced from the mid-$200,000s and can accommodate four bedrooms and three baths.
Copper Crest Enclaves offers 7 one- and two-story floor plans that can accommodate up to 6 bedrooms and 4 baths. The homes are priced from the high-$200,000s.
Copper Crest homes will offer easy access to major employment areas, reputed schools, shopping and entertainment zones at Superstition Springs Mall and Mesa Riverview Mall.
All the homes will offer energy efficient features, which will help residents to save on their utility bills.
The latest development is in line with KB Home’s strategy to increase community count. The homebuilding company’s other strategic initiatives like boosting revenue per community and increasing profitability per unit have started to pay off. However, its gross margin remains under pressure due to higher construction, labor and material costs, and competitive pricing pressure.
KB Home carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the building sector include M/I Homes, Inc. MHO, Lennar Corp. LEN and Taylor Morrison Home Corporation TMHC. While M/I Homes sports a Zacks Rank #1 (Strong Buy), Lennar Corp and Taylor Morrison Home hold a Zacks Rank #2 (Buy).
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