KB Home Buys Land for New Community in Katy TX
KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today announced that it has acquired a 103 acre parcel of land in Katy, Texas, a western suburb of Houston. The builder, distinguished by its Built to Order™ approach, will begin construction on model homes at the site, located off the Katy Freeway approximately one and a half miles west of FM 1463, early next year.
KB Home's acquisition allows the homebuilder to add to its growing collection of new home communities in Katy. KB Home is currently selling new homes in four communities in the city. Plans for this most recent acquisition include construction of approximately 275 Built to Order single family homes ranging in size from 2,000 to 4,000 square feet.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.