KB Home Announces the Grand Opening of Its Newest Community in Desirable La Verne, California

Rhea-AI Summary

KB Home (NYSE: KBH) announces the grand opening of Oakcrest, its latest new-home community in La Verne, California. The community offers personalized, new homes close to parks and top-rated schools, priced from the $1.2M. KB Home focuses on building strong, personal relationships with every customer, offering personalized homebuilding experiences. The homes feature modern kitchens, expansive bedroom suites, and ample storage space, with floor plans featuring up to four bedrooms and three baths. Oakcrest is zoned for the highly rated Bonita Unified School District. The community is located in a commuter-friendly area close to shopping, dining, entertainment, and outdoor recreation. KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site. The homes are designed to be highly energy and water-efficient, with features that support healthier indoor environments and are also designed to be ENERGY STAR® certified.

Insights

Market Research Analyst

The opening of Oakcrest by KB Home represents a strategic expansion in the La Verne, California area, a region that is evidently attractive due to its top-rated schools and recreational amenities. The emphasis on personalized, energy-efficient homes caters to a growing consumer trend towards sustainable living and customization in the housing market. The decision to locate near key infrastructures like Interstate 210 also highlights a keen understanding of the importance of commuter accessibility for potential homeowners. The price point starting from $1.2M aligns with the premium segment of the market, which suggests KB Home is targeting a specific demographic with disposable income prioritizing quality and customization.

From a market perspective, this development could signal a bullish outlook for KB Home's growth and revenue potential, particularly if the demand for personalized, upscale homes continues to rise. However, the high entry price may limit the target market, potentially affecting sales velocity. The success of this community could serve as a bellwether for similar future developments and KB Home's strategic direction in upscale residential construction.

Financial Analyst

The grand opening of the Oakcrest community is a significant event for KB Home from a financial standpoint. As a publicly traded company, expansion activities such as this can have a direct impact on investor sentiment and the company's stock valuation. The investment in the development of Oakcrest is likely substantial, given the amenities and the location's desirability. The return on this investment will be critical to watch in the coming quarters, as it will influence both the company's profitability and its ability to undertake similar projects.

Investors should monitor the sales progress of Oakcrest closely, as it could provide insights into the market's reception of KB Home's product offerings and the effectiveness of their strategy focusing on personalization and energy efficiency. The company's positioning as the #1 customer-ranked national homebuilder could enhance its brand equity, potentially leading to higher sales premiums and margins. However, any shifts in the housing market, interest rates, or economic conditions could impact the project's success and, by extension, the company's financial health.

Sustainability Expert

KB Home's focus on building ENERGY STAR® certified homes is a commendable effort towards sustainability, which is increasingly becoming a differentiator in the residential construction industry. Certification implies that the homes are at least 10% more energy efficient than homes built to code and achieve a 20% improvement on average, which can lead to significant utility cost savings for homeowners. This is not only beneficial from an environmental perspective but also adds economic value for consumers in the long term.

Furthermore, the integration of features that support healthier indoor environments is indicative of KB Home's commitment to well-being and aligns with current health-conscious trends. The long-term benefits of such features can include improved air quality and potentially reduced healthcare costs for inhabitants. However, the upfront cost of incorporating these sustainable and health-oriented features is typically higher, which may be reflected in the starting price of the homes. It is essential to monitor how the market responds to these value propositions, as they could shape industry standards and consumer expectations in the future.

Oakcrest offers personalized, new homes close to parks and top-rated schools, priced from the $1.2M

LA VERNE, Calif.--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today announced the grand opening of Oakcrest, its latest new-home community in La Verne, California. The desirable two-story homes at Oakcrest are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community’s floor plans feature up to four bedrooms and three baths. Homeowners will appreciate that Oakcrest is zoned for the highly rated Bonita Unified School District.

KB Home announces the grand opening of its newest community in La Verne, California. (Photo: Business Wire)

What sets KB Home apart is the company’s focus on building strong, personal relationships with every customer, so they have a real partner in the homebuying process. Every KB home is uniquely built for each customer, so no two KB homes are the same. Homebuyers have the ability to personalize their new home, from floor plans to exterior styles to where they live in the community. Their home comes to life in the KB Home Design Studio, a one-of-a-kind experience where customers get both expert advice and the opportunity to select from a wide range of design choices that fit their style and their budget. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site.

“We are pleased to offer San Gabriel Valley homebuyers spacious, new, two-story homes in desirable La Verne, California,” said Keltie Cole, President of KB Home’s Los Angeles and Ventura Counties division. “The new community is zoned for the highly rated Bonita Unified School District and just minutes from several popular parks, including La Verne Sports Park and Frank G. Bonelli Regional Park, which features camping, hiking, biking, horseback riding, boating, swimming and fishing. At KB Home, we’re here to help you achieve your dream with a personalized new home built uniquely for you and your life.”

Innovative design plays an essential role in every home KB builds. The company’s floor plans inspire contemporary living, with a focus on roomy, light-filled spaces that have easy indoor/outdoor flow. KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are also designed to be ENERGY STAR^® certified — a standard that fewer than 10% of new homes nationwide meet — offering greater comfort, well-being and utility cost savings than new homes without certification.

Oakcrest is situated in a commuter-friendly location that offers homebuyers an exceptional lifestyle. The new community is located on the corner of Amherst Street and Melody Street near Interstate 210, providing easy access to both Los Angeles and Orange County’s major employers. Oakcrest is close to shopping, dining and entertainment at La Verne Town Center and a short drive to outdoor recreation at Angeles National Forest, California Botanical Garden and Marshall Canyon Golf Course. Homeowners will also appreciate the close proximity to the University of La Verne and California State Polytechnic University, Pomona as well popular family friendly venues, including Raging Waters^® and Raymond M. Alf Museum of Paleontology.

The Oakcrest sales office and model homes are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the $1.2M.

For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most recognized homebuilders in the United States, operating in 47 markets from coast to coast, and building over 680,000 quality homes in our more than 65-year history. What sets KB Home apart is our focus on building strong, personal relationships with every customer — from those buying their first home to experienced buyers — so they have a real partner in the homebuying process. No two KB homes are the same. That’s because every home is uniquely built for each customer, at a price that fits their budget. As the leader in energy-efficient homebuilding, KB Home was the first national builder to make a broad commitment to building ENERGY STAR® certified homes, a standard that fewer than 10% of new homes nationwide meet, and KB Home has built more ENERGY STAR certified homes than any other builder. An energy-efficient KB home helps lower the cost of ownership and is designed to deliver greater comfort and well-being than new homes without certification. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site. Learn more about how we build homes built on relationships by visiting kbhome.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240112144014/en/

Craig LeMessurier, KB Home

925-580-1583

clemessurier@kbhome.com

Source: KB Home

FAQ

What is the latest new-home community announced by KB Home in La Verne, California?

KB Home announces the grand opening of Oakcrest, its latest new-home community in La Verne, California.

What is the price range for the homes in the Oakcrest community?

The homes are priced from $1.2M.

What are some key features of the homes at Oakcrest?

The homes feature modern kitchens, expansive bedroom suites, and ample storage space, with floor plans featuring up to four bedrooms and three baths.

What school district is Oakcrest zoned for?

Oakcrest is zoned for the highly rated Bonita Unified School District.

What sets KB Home apart from other homebuilders?

KB Home focuses on building strong, personal relationships with every customer, offering personalized homebuilding experiences.

Where is the Oakcrest community located?

Oakcrest is located in a commuter-friendly area close to shopping, dining, entertainment, and outdoor recreation.

What is the customer satisfaction ranking of KB Home?

KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site.

What are some energy-efficient features of KB Home's homes?

The homes are designed to be highly energy and water-efficient, with features that support healthier indoor environments and are also designed to be ENERGY STAR® certified.