Top 10 Heal Care Companies To Watch In Right Now: KB Home (KBH)
KB Home is a homebuilding company. The Company constructs and sells homes through its operating divisions under the name KB Home. The Company operates in nine states and 32 markets, including California, Arizona, Nevada, Colorado, Texas, Florida, Maryland, North Carolina and Virginia. The Company organizes its homebuilding operations into four segments: West Coast, Southwest, Central and Southeast. In July 2012, it acquired land within the Elworthy Ranch property in the town of Danville. In September 2012, it acquired Mason Ranch, which is a 330-acre land asset in Cedar Park/Leander West, submarkets in metropolitan Austin. In December 2012, the Company acquired 65 lots in Fuquay-Varina, N.C.
Homebuilding
The Companys homebuilding operations offers a variety of homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family homes, townhomes and condominiums. It offers homes in developme nt communities, at urban in-fill locations and as part of mixed-use projects. During the fiscal year ended, November 30, 2011 (fiscal 2011), the Company, through its homebuilding segment, delivered 5,812 homes. During fiscal 2011, homebuilding operations accounted for 99.2% of the total revenues.
Financial Services
The financial services segment provides title and insurance services to its homebuyers. This segment also provided mortgage banking services to the Companys homebuyers indirectly through KBA Mortgage, LLC (KBA Mortgage), a former unconsolidated joint venture of a subsidiary of ours and a subsidiary of Bank of America, N.A., from the ventures formation until June 30, 2011, when it ceased offering mortgage banking services. Effective June 27, 2011, it entered into a marketing services agreement with MetLife Home Loans, a division of MetLife Bank, N.A. Under the agreement, MetLife Home Loans personnel, located on site at several! of its new home communities, can offer financing options and re! sidential consumer mortgage loan products to its homebuyers, and originate residential consumer mortgage loans for homebuyers who elect to use MetLife Home Loans. The Companys homebuyers may also elect to use other providers of mortgage banking services. Its financial services operations accounted for 0.8% of the Companys total revenues in fiscal 2011.
Advisors' Opinion:- [By maarnio]
Beazer Homes competitors include KB Home (KBH), Lennar (LEN), and PulteGroup (PHM). Here is a table comparing these companies.
Company
- [By Holly LaFon]
Pimco managing director Mark Kiesel mentions Whirlpool (WHR), Weyerhaeuser (WY), USG (USG), Toll Brothers (TOLL) and KB Home (KBH) as good plays on housing:
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-heal-care-companies-to-watch-in-right-now.html
No comments:
Post a Comment