One of the leading home building and mortgage banking companies in the United States, NVR, Inc. (NVR) unveiled the new Beethoven and Strauss model townhomes in Frederick, Md. The townhomes are located in the community of Linton at Ballenger, which also includes single-family homes and townhome-style condominiums. Home prices start from the low $250,000 onward.
Built under the Ryan Homes division, residents of Linton townhomes can enjoy facilities like two onsite swimming pools, walking trails, and ball fields. They can also easily access Frederick City and the Historic Downtown district.
The Beethoven model home accommodates up to 3+ bedrooms, 2+ baths, ample living space, a kitchen with optional island center and an optional powder room.
The 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.
NVR has been constantly introducing new products. With frequent introduction of products, NVR will be able to capitalize on the improving markets. The favorable situation in the housing market has resulted in increase in demand for new homes, 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.
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), Hovnanian Enterprises Inc. (HOV) and Beazer Homes USA Inc. (BZH), all carrying a Zacks Rank #2 (Buy).
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