New NVR Homes in Ohio - Analyst Blog
March 11 2013 - 1:20PM
Zacks
One of the leading home building and mortgage banking companies
in the United States, NVR, Inc (NVR) unveiled the
new Avalon model home in West Chester, Ohio. Home prices start from
$310,000 onward.
The six Avalon model homes, under the Ryan Homes division, offer
all the convenience of a single family home with ample living
space, up to 6 bedrooms and a 3–car garage. The owner’s bedroom
consists of a large walk-in closet, a dual vanity, a soaking tub
and a shower. Avalon model homes come with a 10 year structural
warranty and are ENERGY STAR certified. The residents can therefore
save up to 30% on monthly utility bills.
The rising demand for new homes has led to a favorable situation in
the housing market, where inventory levels are dropping and prices
are moving up. The demand is particularly high for luxury homes.
Therefore adequate product introduction is necessary in order to
maintain the required level of inventory to meet the growing demand
for homes.
We like NVR’s initiative to constantly introduce new products. With
frequent introduction of products, NVR will be able to capitalize
on the improving markets. However, we would prefer to stay on the
sidelines as the housing market is still in the recovery stage and
the rest of the macroeconomic parameters are showing slow growth
trajectory.
NVR carries a Zacks Rank #1 (Strong Buy).
Other stocks in the homebuilding sector that are performing well
and deserve a mention include D. R. Horton Inc.
(DHI), Consorcio ARA, S. A. B. de C. V. (CNRFF)
and Gafisa S.A. (GFA), all carrying a Zacks Rank
#2 (Buy).
CONSORCIO ARA (CNRFF): Get Free Report
D R HORTON INC (DHI): Free Stock Analysis Report
GAFISA SA-ADR (GFA): Free Stock Analysis Report
NVR INC (NVR): Free Stock Analysis Report
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