Los Angeles-based KB Home KBH recently unveiled four new model homes in the Bartram Creek community in Jacksonville, FL. Located in the Bartram Park area, the community offers easy access to major employment areas, shopping and reputed schools.
Bartram Creek comprises 168 single family homes, which are priced in the low $200’s. The homes can accommodate up to six bedrooms, four baths and two or three car garages. The residents can also access facilities like a community clubhouse, a pool and a playground, and enjoy activities like canoeing and kayaking along the Bartram Canoe Trail.
This opening is in line with KB Home’s strategy to increase community count. Earlier this month, KB Home unveiled a new gated community called Portola Hills in Henderson, NV. Portola Hills comprises 31 homes, which are priced from high $200’s.
Other than increasing communities, the homebuilder’s strategic initiatives also include boosting revenue per community and increasing profitability per unit. For instance, homebuyers at Bartram Creek can choose other details like flooring, tiles, 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 boosts revenue per community. The better 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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