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KB Home (KBH) Unveils Ridgeline Community in San Diego - Analyst Blog

One of the leading U.S. homebuilding companies, KB Home KBH recently opened a new community called Ridgeline community in San Diego County. Ridgeline offers 52 homes, priced in the low $500,000s.

Ridgeline offers up to five bedrooms, three bathrooms, open layouts and spacious outdoor living. Homebuyers can personalize the homes as per their preference and choose from various floor plans and décor options.

Ridgeline homebuyers will enjoy easy access to facilities such as major employment zones, parks, children’s play area, and barbecue areas, outdoor recreation areas such as New Santee Town Center Community Park, the Santee Aquatics Center, Mission Trails Regional Park and stunning beaches in San Diego.

All Ridgeline homes will offer energy efficient features, which will help residents to save on their utility bills. The homes incorporate solar power systems, which help to save on electricity bills. Ridgeline homes also feature water-efficient appliances, such as WaterSense labeled faucets, toilets, and showerheads, which save on water 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).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
LENNAR CORP -A (LEN): Free Stock Analysis Report
 
KB HOME (KBH): Free Stock Analysis Report
 
TAYLOR MORRISON (TMHC): Free Stock Analysis Report
 
M/I HOMES INC (MHO): Free Stock Analysis Report
 
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