KB Home (KBH) Expands Presence In Pacific Northwest Region
Zacks Investment Research | Sep 29, 2019 10:56PM ET
After opening the first community — Falling Water in Bonney Lake — in the Seattle area, KB Home (NYSE:KBH) has plans to open its second and third new-home communities, thereby expanding presence in the Pacific Northwest region.
These new-home communities, namely Cascade Vista in Spanaway and Ridgecrest in Kent, will give buyers the ability to personalize their homes from homesites and floor plans to design features. Notably, KB Home plans to open the Ridgecrest community in early 2020.
The homes are going to be built in accordance with ENERGY STAR® certification standards, which will result in lower monthly utility costs than other resale homes. Markedly, the company focuses on giving customers greater choice and control in order to gain more customer value.
Strategies to Boost Sales
KB Home continuously focuses on the Built-to-Order approach that provides buyers with a wide range of choices and personalized customer experience through in-house community teams. This highly consumer-centric approach gives KB Home a competitive advantage over its peers.
This apart, KB Home’s returns-focused growth plan, balanced approach of allocating cash flow, improvement in gross margin and community count growth realization are expected to drive growth.
This is evident from the company’s recently released Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.