KB Weakens Despite New Openings
KB Home (NYSE: KBH) saw its shares slide soon after the opening Friday. The company, one of the largest and most trusted homebuilders in the U.S., announced the grand opening of Landings and Reserves at Caspian Bay, two new-home communities in what it calls “highly desirable” Henderson, Nevada, a city that offers a perfect balance of suburban charm, local culture and outdoor beauty.
The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space.
The two-story homes at Landings feature up to five bedrooms and four baths, while the one- and two-story homes at Reserves offer up to five bedrooms and five baths. Homeowners will appreciate the proximity to schools and the planned community park, which will include open space, walking paths and shaded picnic areas.
Jim McDade, who heads up the company’s Las Vegas division, says “Landings and Reserves at Caspian Bay are close to schools and several popular parks, including Heritage Park, which features an aquatic center, splash pad, amphitheater, dog park and athletic courts and fields. Homeowners will also appreciate the planned on-site amenities, which will include a park with walking trails and shaded picnic areas. At KB Home, we’re here to help you achieve your dream with a personalized new home built uniquely for you and your life.”
KBH shares dipped 42 cents to $56.12.
