KB Home Launches Mirador Ridge Skies Community with Homes Starting from $360,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 28m ago
0mins
Source: Newsfilter
- Community Launch: KB Home has unveiled the Mirador Ridge Skies community in Tucson, Arizona, with homes starting from $360,000, offering personalized single-story residences designed for modern living, which is expected to attract a significant number of buyers.
- Quality School District: The community is zoned for the Vail School District, which includes Empire High School, the top-rated high school in Arizona, ensuring families have access to quality educational resources, thereby enhancing the area's appeal and property values.
- Eco-Friendly Design: All KB homes are ENERGY STAR® certified, meeting standards that only 12% of new homes nationwide achieve, emphasizing energy and water efficiency, which helps homeowners reduce utility costs and improve living comfort, reflecting the company's leadership in sustainability.
- Convenient Transportation: The Mirador Ridge Skies community is located at the intersection of South Houghton Road and East Valencia Road, providing easy access to Interstate 10 and Tucson International Airport, with major employers like Raytheon and UA Tech Park nearby, enhancing the area's livability and commercial potential.
Analyst Views on KBH
Wall Street analysts forecast KBH stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KBH is 58.38 USD with a low forecast of 50.00 USD and a high forecast of 71.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
6 Hold
1 Sell
Hold
Current: 60.370
Low
50.00
Averages
58.38
High
71.00
Current: 60.370
Low
50.00
Averages
58.38
High
71.00
About KBH
KB Home is a homebuilding company, which builds a variety of new homes, including attached and detached single-family residential homes, townhomes and condominiums, designed primarily for first-time and first move-up, as well as second move-up and active adult homebuyers. It offers homes in development communities, in urban in-fill locations and as part of mixed-use projects. The Company's segments include homebuilding and financial services. The homebuilding segment is engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers various insurance products to its homebuyers in the markets where the Company builds homes and provides title services in certain of those markets. Its financial services also provide mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through KBHS Home Loans, LLC, an unconsolidated joint venture between the Company and a third party.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
