Time is running out for home buyers looking to purchase their first home and qualify for the $8,000 Federal tax credit. According to the National Association of Home Builders (NAHB) first time home buyers looking to purchase a new home in 2009 and take advantage of the $8,000 first time home buyer tax credit, should do so immediately in order to qualify. The Federal tax credit is contingent upon closing the home sale prior to the November 30th deadline. New home buyers must be aware with new construction homes, the tax credit deadline applies to the “purchase” or closing date, not the date the sales contract is signed. Taking into account the time the entire building process takes, prospective buyers looking to take advantage of this tax credit should plan on purchasing their new home no later than May 31st.
Buyers need to be aware of the lengthy “front-end” details that need to be determined before any building can begin. They must determine a location, community, builder, floor plan, options and obtain mortgage approval, all of which can eat up valuable time with the approaching November 30th deadline. With new homes, buyers choose the home site, floor plan and individual options that meet their needs and lifestyles. New homes also come with full warranties unlike re-sale homes that may need costly repairs and upgrades.
“There is no question that there are numerous benefits available now for the first time home buyers including interest rates hovering around a 30-year low and FHA limits of up to $346,250 in addition to the tax credit,” said Ken Peterson, Vice President of Sales and Marketing for Shea Homes. “Shea Homes wants to educate those individuals looking to purchase a new home so they are aware of the requirements and timing involved, in order to take advantage of the benefits available to them.”
Shea Homes has seen an upturn in home sales since the first of the year, with 94 spec homes and 74 new builds sold. The company has communities across the Valley including, Peoria, Litchfield Park, Goodyear, Buckeye, Phoenix, Chandler, Gilbert, Queen Creek and Maricopa.
For more information on Shea Homes, call 480-348-6000 or visit www.sheahomes.com.
Wednesday, May 20, 2009
Vistancia named among the 10 top-selling
master planned communities in the nation
Vistancia, an award-winning, multi-generational community in Peoria has been ranked among the 10 top-selling master plans in the nation in 2008 according to a survey by RCLCO, a national independent real estate advisory firm.
The 7,100-acre community is ranked seventh with a total of 399 sales reported for last year. This also makes it the top-selling master plan in metro Phoenix. Vistancia has been recognized consecutively in the survey since sales began in 2004.
“While the housing market slowed significantly last year, Vistancia experienced consistent traffic and committed buyers,” said Curt Smith, chief operating officer with Sunbelt Holdings, the Scottsdale-based developer of Vistancia in a partnership with Shea Homes. “The diverse lifestyle villages here offer a greater selection of homes and neighborhoods to accommodate families, individuals, golfers and empty-nesters.”
Celebrating its fifth anniversary this year, Vistancia’s three lifestyle villages are:
- The family-friendly Vistancia Village with homes by seven builders, an on-site lifestyle director and amenities highlighted by The Discovery Trail, a linear park connecting neighborhoods to the elementary school, the pools, gymnasium and event lawns at the Mountain Vista Club, and the new Foothills Center.
- Trilogy at Vistancia, a 1,000-acre, age-restricted resort-style community by Shea Homes, featuring a fully-equipped fitness center; the Alvea Spa, a full-service day spa with massage and a full menu of treatments; swimming pools; Trilogy Golf Club at Vistancia and the Verde Grill restaurant.
- Blackstone at Vistancia, a 590-acre private, gated country club offering custom home sites and luxury homes by three respected builders, the 30,000-square-foot Hacienda clubhouse and the award-winning Jim Engh-designed Blackstone golf course.
With more than 3,400 homes and home sites sold since opening, Vistancia currently has a population of more than 6,000 residents and its own retail center, Vistancia Marketplace, anchored by a large grocery chain store with a variety of service-oriented businesses. At build out, Vistancia will have eight separate villages, each with its own amenities.
Washington, D.C.-based RCLCO has released the top-selling master planned communities rankings since 1994.
For more information about Vistancia, located northwest of Lake Pleasant Road and Happy Valley Parkway, call 623-933-6233 or visit www.vistancia.com.
The 7,100-acre community is ranked seventh with a total of 399 sales reported for last year. This also makes it the top-selling master plan in metro Phoenix. Vistancia has been recognized consecutively in the survey since sales began in 2004.
“While the housing market slowed significantly last year, Vistancia experienced consistent traffic and committed buyers,” said Curt Smith, chief operating officer with Sunbelt Holdings, the Scottsdale-based developer of Vistancia in a partnership with Shea Homes. “The diverse lifestyle villages here offer a greater selection of homes and neighborhoods to accommodate families, individuals, golfers and empty-nesters.”
Celebrating its fifth anniversary this year, Vistancia’s three lifestyle villages are:
- The family-friendly Vistancia Village with homes by seven builders, an on-site lifestyle director and amenities highlighted by The Discovery Trail, a linear park connecting neighborhoods to the elementary school, the pools, gymnasium and event lawns at the Mountain Vista Club, and the new Foothills Center.
- Trilogy at Vistancia, a 1,000-acre, age-restricted resort-style community by Shea Homes, featuring a fully-equipped fitness center; the Alvea Spa, a full-service day spa with massage and a full menu of treatments; swimming pools; Trilogy Golf Club at Vistancia and the Verde Grill restaurant.
- Blackstone at Vistancia, a 590-acre private, gated country club offering custom home sites and luxury homes by three respected builders, the 30,000-square-foot Hacienda clubhouse and the award-winning Jim Engh-designed Blackstone golf course.
With more than 3,400 homes and home sites sold since opening, Vistancia currently has a population of more than 6,000 residents and its own retail center, Vistancia Marketplace, anchored by a large grocery chain store with a variety of service-oriented businesses. At build out, Vistancia will have eight separate villages, each with its own amenities.
Washington, D.C.-based RCLCO has released the top-selling master planned communities rankings since 1994.
For more information about Vistancia, located northwest of Lake Pleasant Road and Happy Valley Parkway, call 623-933-6233 or visit www.vistancia.com.
Shea Homes introduces their 5500 Series
floor plans to Mountain Shadows at
Arroyo Mountain Estates in Litchfield Park
Shea Homes Arizona has just introduced their 5500 series floor plans in Mountain Shadows at Arroyo Mountain Estates in Litchfield Park. This is only the second community in the Valley to feature these six new versatile floor plans. The 5500 series offers innovative designs including two with optional basements all in the shadows of the picturesque White Tank Mountains.
• Plan 5501, the single level Columbia, is a 2,791 square foot plan that includes three to five bedrooms and two and a half baths. The Columbia features a front courtyard a morning room/study cove and an optional guest suite. From the low $240s.
• Plan 5502, the single level Purdue, features four to six bedrooms, three and a half baths, and a bonus loft and has 3,429 square feet of versatile living space. From the mid $270s.
• Plan 5503 is the Cornell, which comes in at 4,183 square feet and is a two story model featuring a loft and master suite, between four and six bedrooms and three and a half baths. From the mid $340s.
• Plan 5504, the Notre Dame, is a two story model with 4,567 square feet and has between four and six bedrooms. It has three and a half baths and features a loft and master suite. From the low $360s.
• Plan 5512 is the Georgetown. This flexible plan has up to seven bedrooms and four and a half baths. This plan is unique in that it has three levels including a basement, not frequently seen in the Valley. It is 4,499 square feet. From the high $350s.
• Plan 5513, the Carnegie, is the largest plan at 5,629 square feet. Like the Georgetown, the Carnegie also features a basement, up to seven bedrooms and four and a half baths. From the high $390s.
“Mountain Shadows at Arroyo Mountain Estates is conveniently located close to the new Westgate City Center and Westcor Mall. The community’s prime location, just 20 minutes from downtown Phoenix, makes it a great place for those looking for the quiet of suburban living yet want to be close to sporting events, parks, museums and fine dining,” said Ken Peterson, Vice President of Sales and Marketing for Shea Homes. “These attractive floor plans are a great addition to our existing line up in this picturesque community.”
For more information, call 480-348-6000 or visit www.sheahomes.com.
• Plan 5501, the single level Columbia, is a 2,791 square foot plan that includes three to five bedrooms and two and a half baths. The Columbia features a front courtyard a morning room/study cove and an optional guest suite. From the low $240s.
• Plan 5502, the single level Purdue, features four to six bedrooms, three and a half baths, and a bonus loft and has 3,429 square feet of versatile living space. From the mid $270s.
• Plan 5503 is the Cornell, which comes in at 4,183 square feet and is a two story model featuring a loft and master suite, between four and six bedrooms and three and a half baths. From the mid $340s.
• Plan 5504, the Notre Dame, is a two story model with 4,567 square feet and has between four and six bedrooms. It has three and a half baths and features a loft and master suite. From the low $360s.
• Plan 5512 is the Georgetown. This flexible plan has up to seven bedrooms and four and a half baths. This plan is unique in that it has three levels including a basement, not frequently seen in the Valley. It is 4,499 square feet. From the high $350s.
• Plan 5513, the Carnegie, is the largest plan at 5,629 square feet. Like the Georgetown, the Carnegie also features a basement, up to seven bedrooms and four and a half baths. From the high $390s.
“Mountain Shadows at Arroyo Mountain Estates is conveniently located close to the new Westgate City Center and Westcor Mall. The community’s prime location, just 20 minutes from downtown Phoenix, makes it a great place for those looking for the quiet of suburban living yet want to be close to sporting events, parks, museums and fine dining,” said Ken Peterson, Vice President of Sales and Marketing for Shea Homes. “These attractive floor plans are a great addition to our existing line up in this picturesque community.”
For more information, call 480-348-6000 or visit www.sheahomes.com.
2009 International Greenbuild Conference selects Optima Camelview for project tour
Optima Camelview has been selected as one of the 18 Arizona tours during the 2009 International Greenbuild Expo and Conference, occurring Nov. 11th through Nov. 13th and expecting to draw some 25,000 to 30,000 attendees.
The tours committee deliberated over 92 proposals before assembling 18 tours for recommendation to the national US Green Building Council for approval. The proposals included a variety of green building projects in residential and commercial architecture and some Arizona landmarks that were important to the history of sustainable development. The final selection was bound by a limited number of available tours and the need to consider each tour site in conjunction with other tour offerings.
“We are grateful to the many teams that submitted project tour proposals for evaluation and appreciate all their time,” said Doria Bustamanate, Host Committee Member and Tours Subcommittee Chair. “The response was outstanding. Reviewing so many quality proposals leaves a distinct impression that Arizona has a great deal of insight to offer on the topic of sustainable living.”
Optima Camelview Village is widely recognized for its innovative design and architectural style, especially because architect David Hovey, FAIA and president of Optima, Inc., integrated “green” elements into Optima from its conception. Just a few of the “green” features include; photovoltaic panels, 17 acres of green roof, 100% underground parking as well as secure indoor bicycle storage, access to public transportation within a quarter mile, low-emitting materials used throughout the development including carpet systems certified as low-emitting by the Carpet & Rug Institute and interior paints in compliance with the Green Seal Standard, individually controlled heating and air conditioning in each residence providing a high level of thermal comfort and support for the wellbeing of each occupant, extensive natural daylight throughout interiors to reduce energy consumption during daytime hours, high performance Low-E glazing coupled with architectural shading devices and cantilevered shading terraces, exterior sunshades and an on-site recycling program.
Optima Camelview Village is currently pursuing LEED (Leadership in Energy and Environmental Design) certification, the nationally accepted benchmark for the design, construction and operation of high performance “green” buildings.
The 11 buildings in this 13-acre resort-style community offer the most energy-efficient, eco-friendly and high performance buildings in Scottsdale. Optima Camelview Village is an infill project, which defeats urban sprawl and benefits the responsibility of land use and related environmental issues. Building multi-story structures, such as Optima’s seven-story buildings, reduces land usage and economizes the use of constructive material. Its proximity to nearby shopping, restaurant and retail venues encourages walking, biking and/or the use of public transportation, eliminating additional emissions in the Valley.
Additionally, there are approximately 23 acres of landscaping on-site. Every layer of the development is landscaped starting with the ground floor, which actually covers the underground parking garage, allowing for green roof gardens and usable landscape on the first floor. Every courtyard, terrace and rooftop is landscaped according to a green roof system, which helps battle the Urban Heat Island Effect, something the Valley of the Sun battles every day. By eliminating the concrete surfaces throughout Optima Camelview, the community absorbs less heat during the day and loses it quickly at night. Green roofs also help with storm water management, allow for trees that provide natural shading, absorb external noise and re-oxygenate the air. These rooftops are irrigated through a high-efficiency irrigation technology, including a drip system with moisture monitors.
A trademark in Optima homes, windows, constructed of high performance sun protective glass, become walls with floor-to-ceiling glass which creates a subtle division between inside and outside without sacrificing privacy. Captivating views from interior living spaces and exterior private terraces include the highly-coveted silhouettes of nearby Camelback and Mummy mountains.
Other amenities include a private fitness center, outdoor putting green, racquetball/basketball courts, swimming pools and spas. The central spine of the development is a hub of activity with a retail experience designed to cater to residents, such as Posh restaurant and Green With Envy hair studio, another LEED-certified establishment.
This unique mixed-use community, combined with its construction and use of recycled steel, stone panels acting as thermal buffers and non-toxic building materials, all serve to enhance and qualify LEED certification.
But more importantly, it has established Optima Camelview Village as one of the most eco-conscious projects in the nation. Optima Camelview has also been honored as one of the Top 18 Architectural Achievements in Arizona by the American Institute of Architects (AIA) and AZRE magazine.
The tours committee deliberated over 92 proposals before assembling 18 tours for recommendation to the national US Green Building Council for approval. The proposals included a variety of green building projects in residential and commercial architecture and some Arizona landmarks that were important to the history of sustainable development. The final selection was bound by a limited number of available tours and the need to consider each tour site in conjunction with other tour offerings.
“We are grateful to the many teams that submitted project tour proposals for evaluation and appreciate all their time,” said Doria Bustamanate, Host Committee Member and Tours Subcommittee Chair. “The response was outstanding. Reviewing so many quality proposals leaves a distinct impression that Arizona has a great deal of insight to offer on the topic of sustainable living.”
Optima Camelview Village is widely recognized for its innovative design and architectural style, especially because architect David Hovey, FAIA and president of Optima, Inc., integrated “green” elements into Optima from its conception. Just a few of the “green” features include; photovoltaic panels, 17 acres of green roof, 100% underground parking as well as secure indoor bicycle storage, access to public transportation within a quarter mile, low-emitting materials used throughout the development including carpet systems certified as low-emitting by the Carpet & Rug Institute and interior paints in compliance with the Green Seal Standard, individually controlled heating and air conditioning in each residence providing a high level of thermal comfort and support for the wellbeing of each occupant, extensive natural daylight throughout interiors to reduce energy consumption during daytime hours, high performance Low-E glazing coupled with architectural shading devices and cantilevered shading terraces, exterior sunshades and an on-site recycling program.
Optima Camelview Village is currently pursuing LEED (Leadership in Energy and Environmental Design) certification, the nationally accepted benchmark for the design, construction and operation of high performance “green” buildings.
The 11 buildings in this 13-acre resort-style community offer the most energy-efficient, eco-friendly and high performance buildings in Scottsdale. Optima Camelview Village is an infill project, which defeats urban sprawl and benefits the responsibility of land use and related environmental issues. Building multi-story structures, such as Optima’s seven-story buildings, reduces land usage and economizes the use of constructive material. Its proximity to nearby shopping, restaurant and retail venues encourages walking, biking and/or the use of public transportation, eliminating additional emissions in the Valley.
Additionally, there are approximately 23 acres of landscaping on-site. Every layer of the development is landscaped starting with the ground floor, which actually covers the underground parking garage, allowing for green roof gardens and usable landscape on the first floor. Every courtyard, terrace and rooftop is landscaped according to a green roof system, which helps battle the Urban Heat Island Effect, something the Valley of the Sun battles every day. By eliminating the concrete surfaces throughout Optima Camelview, the community absorbs less heat during the day and loses it quickly at night. Green roofs also help with storm water management, allow for trees that provide natural shading, absorb external noise and re-oxygenate the air. These rooftops are irrigated through a high-efficiency irrigation technology, including a drip system with moisture monitors.
A trademark in Optima homes, windows, constructed of high performance sun protective glass, become walls with floor-to-ceiling glass which creates a subtle division between inside and outside without sacrificing privacy. Captivating views from interior living spaces and exterior private terraces include the highly-coveted silhouettes of nearby Camelback and Mummy mountains.
Other amenities include a private fitness center, outdoor putting green, racquetball/basketball courts, swimming pools and spas. The central spine of the development is a hub of activity with a retail experience designed to cater to residents, such as Posh restaurant and Green With Envy hair studio, another LEED-certified establishment.
This unique mixed-use community, combined with its construction and use of recycled steel, stone panels acting as thermal buffers and non-toxic building materials, all serve to enhance and qualify LEED certification.
But more importantly, it has established Optima Camelview Village as one of the most eco-conscious projects in the nation. Optima Camelview has also been honored as one of the Top 18 Architectural Achievements in Arizona by the American Institute of Architects (AIA) and AZRE magazine.
Monday, January 26, 2009
FLORIDA BUILDER ELECTED TO LEADERSHIP OF NAHB
Barry Rutenberg, a Gainesville, Fla.-based home builder with more than 30 years of experience in the building industry, was elected as the 2009 Third Vice Chairman of the Board of the National Association of Home Builders (NAHB) during the association's International Builders' Show in Las Vegas.
Rutenberg is president of Barry Rutenberg and Associates, Inc. in Gainesville. His firm has developed more than a dozen communities and 1,000 homes in the Gainesville area.
"NAHB is looking forward to working with the Obama Administration and the nation's lawmakers to address the foreclosure crisis that is hurting so many families," Rutenberg said. "We need to stabilize housing prices, revitalize the home building industry and restore confidence in the American economy."
Rutenberg has been active in the NAHB leadership structure at the local, state and national levels throughout his career. He has served on NAHB's Board of Directors since 1980 and served on more than 20 NAHB committees and councils. He has served as an NAHB national vice president representing Florida and Puerto Rico three different times - 1994-1995, 2001-2002 and 2007-2008.
Rutenberg has also served as chairman of NAHB's Building Materials Task Force, and in that role he has testified before the International Trade Commission and committees of the U.S. Senate and the Canadian House of Commons.
A third-generation home builder, Rutenberg served as the 2000 president of the Florida Home Builders Association. He also served as the 1978 president of the Builders Association of North Central Florida, the local association representing home builders in the Gainesville area.
He was selected by his peers as Florida Builder of the Year in 1994, and as the Gainesville Builder of the Year in 1982, 1993 and 1998. In 2007 Rutenberg joined his father, Arthur Rutenberg, as an inductee in the Florida Housing Hall of Fame. Arthur Rutenberg was inducted in 1996, and when Barry joined him in 2007 they became the first father-son team in the Florida Housing Hall of Fame.
Rutenberg said he believes NAHB must be receptive to new ideas during this challenging time.
"Just as there is change in Washington in 2009, there will be change at NAHB in the years ahead," he said. "We have to work harder and smarter to meet our members' needs. We must be there for them in Washington, and we must support our members' efforts at the state and local levels."
Rutenberg is involved in a wide range of philanthropic and civic organizations in Florida. He serves on the Board of the Gainesville Area Chamber of Commerce. He also serves on the Board of Directors of the Conservation Trust for Florida and on the Issues Advisory Board of Florida Defenders of the Environment.
Rutenberg graduated from Northwestern University with a Bachelor of Science degree in 1970 and earned a Master of Business Administration (MBA) Degree from Harvard in 1972.
NAHB's newly elected senior officers serve on a multi-year leadership ladder. Rutenberg will become chairman of NAHB's Board of Directors in 2012.
Rutenberg is president of Barry Rutenberg and Associates, Inc. in Gainesville. His firm has developed more than a dozen communities and 1,000 homes in the Gainesville area.
"NAHB is looking forward to working with the Obama Administration and the nation's lawmakers to address the foreclosure crisis that is hurting so many families," Rutenberg said. "We need to stabilize housing prices, revitalize the home building industry and restore confidence in the American economy."
Rutenberg has been active in the NAHB leadership structure at the local, state and national levels throughout his career. He has served on NAHB's Board of Directors since 1980 and served on more than 20 NAHB committees and councils. He has served as an NAHB national vice president representing Florida and Puerto Rico three different times - 1994-1995, 2001-2002 and 2007-2008.
Rutenberg has also served as chairman of NAHB's Building Materials Task Force, and in that role he has testified before the International Trade Commission and committees of the U.S. Senate and the Canadian House of Commons.
A third-generation home builder, Rutenberg served as the 2000 president of the Florida Home Builders Association. He also served as the 1978 president of the Builders Association of North Central Florida, the local association representing home builders in the Gainesville area.
He was selected by his peers as Florida Builder of the Year in 1994, and as the Gainesville Builder of the Year in 1982, 1993 and 1998. In 2007 Rutenberg joined his father, Arthur Rutenberg, as an inductee in the Florida Housing Hall of Fame. Arthur Rutenberg was inducted in 1996, and when Barry joined him in 2007 they became the first father-son team in the Florida Housing Hall of Fame.
Rutenberg said he believes NAHB must be receptive to new ideas during this challenging time.
"Just as there is change in Washington in 2009, there will be change at NAHB in the years ahead," he said. "We have to work harder and smarter to meet our members' needs. We must be there for them in Washington, and we must support our members' efforts at the state and local levels."
Rutenberg is involved in a wide range of philanthropic and civic organizations in Florida. He serves on the Board of the Gainesville Area Chamber of Commerce. He also serves on the Board of Directors of the Conservation Trust for Florida and on the Issues Advisory Board of Florida Defenders of the Environment.
Rutenberg graduated from Northwestern University with a Bachelor of Science degree in 1970 and earned a Master of Business Administration (MBA) Degree from Harvard in 1972.
NAHB's newly elected senior officers serve on a multi-year leadership ladder. Rutenberg will become chairman of NAHB's Board of Directors in 2012.
KB HOME AMENDS RIGHTS PLAN AND ADOPTS SUCCESSOR RIGHTS PLAN TO PRESERVE THE LONG-TERM VALUE OF ITS NET DEFERRED TAX ASSETS
KB Home (NYSE:KBH) announced today that its board of directors adopted an amendment to its stockholder rights plan and a successor rights plan that are intended to preserve the long-term value of the Company’s net deferred tax assets. KB Home has net deferred tax assets of approximately $880 million that it believes could be used to potentially offset the income tax expense on approximately $2.2 billion of future taxable income for a 20-year period.
KB Home’s ability to use its net deferred tax assets could be substantially reduced in the event of an “ownership change” under Section 382 of the Internal Revenue Code. An “ownership change” would occur if stockholders that own (or are deemed to own) at least 5% or more of KB Home’s outstanding stock increase their cumulative ownership by more than 50 percentage points over their lowest ownership percentage within a rolling three-year period.
The amendment is intended to reduce the likelihood of an “ownership change” by reducing the ownership threshold for exercising the rights issued under the stockholder rights plan from 15% to 4.9% of the outstanding common stock. The successor rights plan has substantially similar terms and will take effect when the rights under the existing plan expire on March 5, 2009. The Company intends to seek stockholder approval of the successor rights plan, which will expire on March 5, 2010 if not approved by stockholders before that date.
“After careful consideration, our board of directors has determined that it is in the best interests of the Company and our stockholders to modify our stockholder rights plan at this time, and to extend its protection of our net deferred tax assets by adopting a successor rights plan,” said Jeffrey Mezger, president and chief executive officer.
“Our net deferred tax assets represent a substantial potential benefit that can be realized as future income is generated. We are taking this step to preserve the long-term value of our net deferred tax assets.”
Additional information regarding the board of director’s actions will be provided in a Current Report on Form 8-K and in Registration Statements on Form 8-A that KB Home will file with the Securities and Exchange Commission. Those filings will be available on KB Home’s investor relations website and on the SEC’s website at www.sec.gov.
KB Home’s ability to use its net deferred tax assets could be substantially reduced in the event of an “ownership change” under Section 382 of the Internal Revenue Code. An “ownership change” would occur if stockholders that own (or are deemed to own) at least 5% or more of KB Home’s outstanding stock increase their cumulative ownership by more than 50 percentage points over their lowest ownership percentage within a rolling three-year period.
The amendment is intended to reduce the likelihood of an “ownership change” by reducing the ownership threshold for exercising the rights issued under the stockholder rights plan from 15% to 4.9% of the outstanding common stock. The successor rights plan has substantially similar terms and will take effect when the rights under the existing plan expire on March 5, 2009. The Company intends to seek stockholder approval of the successor rights plan, which will expire on March 5, 2010 if not approved by stockholders before that date.
“After careful consideration, our board of directors has determined that it is in the best interests of the Company and our stockholders to modify our stockholder rights plan at this time, and to extend its protection of our net deferred tax assets by adopting a successor rights plan,” said Jeffrey Mezger, president and chief executive officer.
“Our net deferred tax assets represent a substantial potential benefit that can be realized as future income is generated. We are taking this step to preserve the long-term value of our net deferred tax assets.”
Additional information regarding the board of director’s actions will be provided in a Current Report on Form 8-K and in Registration Statements on Form 8-A that KB Home will file with the Securities and Exchange Commission. Those filings will be available on KB Home’s investor relations website and on the SEC’s website at www.sec.gov.
Friday, January 23, 2009
New Product Showcase
Lock it Up
Kwikset unveils the new SmartCode Signature Series, a keyless entry deadbolt lock. The SmartCode Signature Series features a smaller and sleeker touchpad design and allows homeowners to get entry to their homes without keys. The deadbolt is easy to install and is powered by four AA batteries. Homeowners can create unique access codes for permanent access and temporary access. Available in polished brass, Venetian bronze and satin nickel. 800.327.LOCK
kwikset.com
Superior Siding
Rollex releases seven fiber-cement siding colors to its lineup of aluminum soffit panels, fascia covers and other exterior components. The line features new colors that are also available in Rollex alumninum rainware, which includes gutters, downspouts and gutter coil stock. Rollex's aluminum products are double coated with an Environ acrylic finish which prevents scuffing and fading. 800.251.3300
rollex.com
Mold Magic
National Gypsum reveals that Sporgard brand mold protection is now featured in its family of products. Sporgard uses a combination of multiple mold inhibitors to combat mold in residences and will be used in the company's paints, coatings, engineered woods and insulation materials. 800.929.6421.
nationalgypsum.com
Glass Roots
Studio Italia Design unveils its new handspun and handblown lace lighting fixtures. This dangling light features glass that was created by expert Murano artists in Italy. The fixtures are sold separately and priced at $1,172 each. 305.621.9602.
sid-usa.com
Precision Programming
Ecobee introduces its smart thermostat, a new programmable thermostat that features an easy-to-read full color LCD screen, touch screen technology and WiFi capabilities. The energy-saving device is easy to program and can save homeowners up to 20 percent on energy costs. The smart thermostat also has a sleek modern design and can be accessed via internet. Priced at $385. 877.9ecobee.
ecobee.com
Distressed Decor
Sonoma Forge introduces its CIXX Collection, a line of rugged, hand-forged fixtures made of solid brass and stainless steel. With distressed surfaces created by the blows of a blacksmith's hammer, the simple and elegant collection includes lavatory and tub fillers in wall mount or deck configurations and a thermostatic shower. Matching accesories are also available. Prices start from $1,440. 877.283.2400.
sonomastone.com
Stick With It
White Lightning introduces WL6500 Subfloor Adhesives, a VOC-compliant, water based, heavy duty adhesive intended for flooring installation and repair. The permanent, yet flexible adhesive bonds to most construction materials and if used properly, can reduce nail requirements and floor squeaks. 800.241.5295.
wlcaulk.com
Lock it Up
Kwikset unveils the new SmartCode Signature Series, a keyless entry deadbolt lock. The SmartCode Signature Series features a smaller and sleeker touchpad design and allows homeowners to get entry to their homes without keys. The deadbolt is easy to install and is powered by four AA batteries. Homeowners can create unique access codes for permanent access and temporary access. Available in polished brass, Venetian bronze and satin nickel. 800.327.LOCK
kwikset.com
Superior Siding
Rollex releases seven fiber-cement siding colors to its lineup of aluminum soffit panels, fascia covers and other exterior components. The line features new colors that are also available in Rollex alumninum rainware, which includes gutters, downspouts and gutter coil stock. Rollex's aluminum products are double coated with an Environ acrylic finish which prevents scuffing and fading. 800.251.3300
rollex.com
Mold Magic
National Gypsum reveals that Sporgard brand mold protection is now featured in its family of products. Sporgard uses a combination of multiple mold inhibitors to combat mold in residences and will be used in the company's paints, coatings, engineered woods and insulation materials. 800.929.6421.
nationalgypsum.com
Glass Roots
Studio Italia Design unveils its new handspun and handblown lace lighting fixtures. This dangling light features glass that was created by expert Murano artists in Italy. The fixtures are sold separately and priced at $1,172 each. 305.621.9602.
sid-usa.com
Precision Programming
Ecobee introduces its smart thermostat, a new programmable thermostat that features an easy-to-read full color LCD screen, touch screen technology and WiFi capabilities. The energy-saving device is easy to program and can save homeowners up to 20 percent on energy costs. The smart thermostat also has a sleek modern design and can be accessed via internet. Priced at $385. 877.9ecobee.
ecobee.com
Distressed Decor
Sonoma Forge introduces its CIXX Collection, a line of rugged, hand-forged fixtures made of solid brass and stainless steel. With distressed surfaces created by the blows of a blacksmith's hammer, the simple and elegant collection includes lavatory and tub fillers in wall mount or deck configurations and a thermostatic shower. Matching accesories are also available. Prices start from $1,440. 877.283.2400.
sonomastone.com
Stick With It
White Lightning introduces WL6500 Subfloor Adhesives, a VOC-compliant, water based, heavy duty adhesive intended for flooring installation and repair. The permanent, yet flexible adhesive bonds to most construction materials and if used properly, can reduce nail requirements and floor squeaks. 800.241.5295.
wlcaulk.com
Faucet Fancy
THG introduces its new faucet line, which includes the Vogue faucet. The fold and crystal faucet is complemented with colorful gem stones and is available in GRay Agate, Rose Quartz, Thulite, Cornaline, Smoky Quartz, Rock Crystal and Amethyst. Also available in finished chrome. Priced from $2,643 to $5,796. 954.425.8225.
thgusa.com
Subscribe to:
Posts (Atom)