This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

KB Home Purchases Land For New Community In Katy

KB Home (NYSE: KBH), one of the nation’s largest and most recognized homebuilders, today announced that it has acquired a 103 acre parcel of land in Katy, Texas, a western suburb of Houston. The builder, distinguished by its Built to Order™ approach, will begin construction on model homes at the site, located off the Katy Freeway approximately one and a half miles west of FM 1463, early next year.

“We’re enthusiastic about continuing to be an active member of the Katy community and announcing our plans to bring more Built to Order home choices to buyers in one of the most desirable submarkets of Houston,” said Jim Widner, regional president of KB Home. “Our past successes in the area have shown us that homebuyers value Katy’s great appeal, including its highly-rated schools and proximity to premier shopping and dining.”

KB Home’s acquisition allows the homebuilder to add to its growing collection of new home communities in Katy. KB Home is currently selling new homes in four communities in the city. Plans for this most recent acquisition include construction of approximately 275 Built to Order single family homes ranging in size from 2,000 to 4,000 square feet.

With Built to Order, homebuyers can choose their lot location, the floor plan that goes on it and many of the design features included in it in order to get their new home built just the way they want it. KB Home’s newest Katy community will also include a recreation center with a resort-style pool, neighborhood parks and walking trails for residents’ enjoyment.

For more information about all of KB Home’s communities in the Houston area, including Katy, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's signature Built to Order™ approach lets each buyer customize their new home from lot location to floor plan and design features. In addition to meeting strict ENERGY STAR® guidelines, all KB homes are highly energy efficient to help lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). A leader in utilizing state-of-the-art sustainable building practices, KB Home was named the #1 Green Homebuilder in the most recent study by Calvert Investments and the #1 Homebuilder on FORTUNE magazine's 2011 World's Most Admired Companies list. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs