One of the leading U.S. homebuilding companies, KB Home KBH recently opened a new community called Stonecrest at The Cove in San Jacinto, CA. Stonecrest offers homes priced in the low $200,000s onwards.
Stonecrest offers one- and two-story homes that can accommodate up to six bedrooms, three bathrooms, and a two-car garage. Homebuyers can personalize their homes and choose from four distinct floor plans and décor options such as flooring and paint colors.
Stonecrest homebuyers will enjoy easy access to facilities such as major employment zones, Mt. San Jacinto College, recreation destinations like Hemet Valley Mall, Diamond Valley Lake, Palm Springs resorts in the Coachella Valley and Beaumont.
All Stonecrest homes will offer energy efficient features, which will help residents to save on their utility bills. Stonecrest homes also feature water-efficient appliances, such as WaterSense labeled faucets, toilets, and showerheads, which will lower water bills.
The latest development is in line with KB Home’s strategy to increase community count. During the first half of 2015, the company focused on expanding community count and increasing orders and backlogs. The company intends to convert its heavy backlogs into deliveries and revenues, higher margins and larger economies of scale during the second half of 2015. As a result, the company expects considerable year-over-year earnings growth in the second half of 2015.
KB Home carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the building sector include DR Horton Inc. DHI, Lennar Corp. LEN and Beazer Homes USA Inc. BZH. While Lennar and Beazer Homes sport a Zacks Rank #1 (Strong Buy), DR Horton holds a Zacks Rank #2 (Buy).
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