One of the leading U.S. homebuilding companies, KB Home (KBH) unveiled four communities in the Inland Empire region of California in the first weekend of August. The four new home communities are Cantata at The Preserve in Chino, Parkside in Ontario, The Pinnacle at Roripaugh Ranch in Temecula and Sequoia at Monument Park in Perris.
The four new communities are designed to meet the needs of homebuyers. Owing to its operational business model KBnxt, KB Home always begins construction only after a purchase agreement is executed. Therefore, consumers buying KB homes get the liberty to plan their homes according to their preference.
Cantata at The Preserve in Chino comprises two-story homes with up to 5 bedrooms, 3 1/2 baths and 2 car garages. The planned community offers facilities like private recreation center with gym, swimming pool, movie theatre, ballroom and two spas.
Parkside in Ontario features eight two-story floor plans. The community offers facilities like private recreation center with swimming pool and walking trails. The community is also close to Metrolink stations, Ontario International airport, Cucamonga-Guasti Regional Park and the Citizens Business Bank Arena.
Homebuyers at The Pinnacle at Roripaugh Ranch will be offered one- and two-story homes, with up to 6 bedrooms, 5 baths and 3-car garages. This gated, master-planned community is nestled in the midst of the hills of north-eastern Temecula.
On the other hand, Sequoia at Monument Park in Perris will offer one- or two-story homes with up to 5 bedrooms, 3 baths, and 3-car garages.
All the homes will be ENERGY STAR certified and have solar panels, which will help residents save on their utility bills.
Like most other homebuilding companies, KB Home has been investing in lands and lots in order to raise its inventory level to meet the growing demand for new homes. KB Home has a strong presence in the California market. In mid-July, the company acquired more than 300 lots for a master planned community known as Westpark in Roseville, Calif.
KB Home carries a Zacks Rank #3 (Hold).
Other stocks in the homebuilding sector that are performing well and deserve a mention include Hovnanian Enterprises Inc. (HOV), Meritage Homes Corporation (MTH) and Ryland Group Inc. (RYL). Hovnanian Enterprises carry a Zacks Rank #1 (Strong Buy). While Meritage Homes and Ryland Group carries a Zacks Rank #2 (Buy).
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