KB Home : Expands Presence in the Durham Market
10/26/2011| 08:10am US/Eastern
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KB Home (NYSE: KBH), one of the nation's premier homebuilders, will
expand its presence in the Durham market with the opening of Orchard
Ridge, a new community of Built to Order? single-family homes. Orchard
Ridge joins a collection of four other KB Home communities currently
open in the Durham area. A grand opening celebration is planned for
Saturday, October 29th from noon to 3 p.m.
"KB Home sees a demand here in Durham for smartly-designed,
energy-efficient homes that deliver great value, quality and choice to
buyers," said Rick Carruthers, president of KB Home's North Carolina
division. "Orchard Ridge answers this demand with our signature Built to
Order homes in a coveted location, offering easy access to Research
Triangle Park, UNC and Duke, as well as shopping and dining at Brier
Creek Commons. Plus, with the standard included energy-efficient
features that earn all our new homes the EPA's ENERGY STAR®
qualification, we help homebuyers save money on their monthly utility
costs."
Homebuyers have their choice of nine floor plans at KB Home's Orchard
Ridge with up to six bedrooms and three and a half bathrooms, and prices
starting in the $170,000's. All new homes will be Built to Order, which
means homebuyers can choose their home site and floor plan, and then
customize their home to fit their lifestyle and tastes, as well as their
budget. Options include various elevation styles, as well as structural
changes such as converting multipurpose spaces to additional bedrooms,
or adding a covered patio to enhance outdoor living spaces. Buyers then
decide on finishing touches at the KB Home Studio, a retail-like design
center showcasing choices available for flooring, cabinets, lighting and
more.
The homes will also be ENERGY STAR qualified, meaning they have been
engineered to heat and cool efficiently, use less energy and reduce
energy costs for homeowners. To illustrate these potential benefits, KB
Home includes its Energy Performance Guide® (EPG®)
with all of its homes. The EPG provides an estimate of monthly electric
and/or gas costs for each new home as designed as well as estimated
monthly savings over a typical resale home. For example, at Orchard
Ridge, a two-story home with five-bedrooms and three baths has an
estimated monthly energy bill of $148 and estimated monthly savings of
$80 or annual savings of nearly $1,000 when compared to a similar resale
home.
To visit KB Home's Orchard Ridge community, from I-40 take exit 281
(Miami Boulevard). Head north on Miami Boulevard and cross over Highway
70. After Highway 70, Miami Boulevard becomes Sherron Road. Veer right
on Sherron Road to find the community on the left. Contact the KB Home
Orchard Ridge sales team at 919-768-7977 or log on to www.kbhome.com
for more information.
About KB Home
KB Home is one of the largest and most recognized homebuilding companies
in the United States. Since its founding in 1957, the company has built
more than half a million quality homes. KB Home's signature Built to
Order? approach lets each buyer customize their new home from lot
location to floor plan and design features. In addition to meeting
strict ENERGY STAR® guidelines, all KB homes are highly energy efficient
to help lower monthly utility costs for homeowners, which the company
demonstrates with its proprietary KB Home Energy Performance Guide®
(EPG®). A leader in utilizing state-of-the-art sustainable
building practices, KB Home was named the #1 Green Homebuilder in a 2010
study by Calvert Investments and the #1 Homebuilder on FORTUNE
magazine's 2011 World's Most Admired Companies list. Los Angeles-based
KB Home was the first homebuilder listed on the New York Stock Exchange,
and trades under the ticker symbol "KBH." For more information about KB
Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.
KB Home
Cara Kane, 321-299-6844
ckane@kbhome.com
© Business Wire 2011
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