Leading U.S. homebuilding company, KB Home KBH opened a new townhome community called Artero in Livermore, CA. Artero will offer homes priced from the $560,000s.
Artero comprise 58 single-family homes. The residents can choose from three-story floor plans. Each of these homes can accommodate up to four bedrooms, three-and-a-half bathrooms and a two-car garage. They offer spacious living spaces as well as built-in storage. Moreover, all homes incorporate energy and water saving features to help residents save on their utility bills.
Homebuyers will be able to enjoy proximity to employment centers, and recreational and cultural spots.
The latest development is in line with KB Home’s strategy to increase community count in highly favorable submarkets, especially the Central and West Coast regions. Earlier this week, KB Home opened a new community called Magnolia Trails in El Cajon, CA. Magnolia Trails will offer homes priced in the high $500,000s.
Increasing its community count will help the homebuilding company to cater to the improving housing demand. Job and income growth, a recovering economy and improving consumer confidence, moderating home price gains, affordable interest/mortgage rates, rising rentals, rapidly rising household formation and a limited supply of inventory – all point to continued strength in demand in 2016. Given such a scenario, KB Home’s efforts on increasing its community count should strengthen its position in the housing industry substantially.
KB Home carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the construction sector can consider Lennar Corporation LEN, Sekisui House Ltd. SKHSY and Masco Corporation MAS. While Lennar Corporation sports a Zacks Rank #1 (Strong Buy), Sekisui House and Masco Corporation have a Zacks Rank #2 (Buy).
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