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KB Home's 2nd Luxury Condominium Building in San Francisco

Leading U.S. homebuilding company, KB Home KBH opened a new luxury condominium building called The District at Lower Pacific Heights in San Francisco.  

The District accommodates 81 condominiums, including six upscale penthouses. The homes feature spacious floor plans accommodating one or two bedrooms, designer touches, and professional kitchens. The homes come with a 10-year limited warranty.

Lower Pacific Heights residents can also enjoy easy access to Bay Areas’ employment centers, universities, shopping, and dining. Located at the corner of Bush Street and Divisadero, the condo is perfect for people who choose to opt for a “live-work-play lifestyle”. The community features on-site amenities, such as a fitness center, a dog washing station, bike parking and storage, owner’s entertainment suite, private outdoor courtyard  park and sky terrace equipped with barbecues, fire place and seating areas.

Lower Pacific Heights is the second KB Home community in San Francisco to be opened in less than one year. In 2015, the homebuilding company opened a nine-story luxury complex called 72 Townsend, located in the South Bay.

KB Home consistently aims to boost its community count in the highly favorable housing markets as part of its growth strategy. In fact, strong community count aided the homebuilding company to deliver better-than-expected first-quarter 2016 results on Mar 23. Revenues came in higher than anticipated driven by strong housing demand and solid traffic. Strong community count positioned KB Home well to meet strong housing demand in the first quarter of 2016.

KB Home holds a Zacks Rank #2 (Buy).

Other Stocks to Consider

Investors interested in the construction sector may also consider Hovnanian Enterprises Inc. HOV, Meritage Homes Corporation MTH and MDC Holdings Inc. MDC. All three companies have a Zacks Rank #2.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
KB HOME (KBH): Free Stock Analysis Report
 
HOVNANIAN ENTRP (HOV): Free Stock Analysis Report
 
MDC HLDGS (MDC): Free Stock Analysis Report
 
MERITAGE HOMES (MTH): Free Stock Analysis Report
 
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