One of the leading home building and mortgage banking companies in the United States, NVR, Inc. (NVR) unveiled a new community of affordable homes called Manorwood in Mount Airy, Md. The homebuyers can get a glimpse of this beautiful community at the grand opening celebration to be held on Apr 6, 2013. The homes are priced from $440’s.
Manorwood homes accommodate up to 5 bedrooms, 3½ baths, a full basement and a 2-car garage. The community offers several facilities, which include a swimming pool, a playground and easy access to Rattlewood Golf Course. Located in greater Frederick County, Manorwood residents will have easy access to I-70 and I-270. They can also easily access areas around Washington, D.C.
Homes at Manorwood are ENERGY STAR certified. The residents can therefore save up to 30% on monthly utility bills. All Manorwood homes carry 10 years structural warranty.
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. Therefore adequate product introduction is necessary in order to maintain the required level of inventory to meet the growing demand for homes. With frequent introduction of products, NVR will be able to capitalize on the improving markets.
NVR carries a Zacks Rank #3 (Hold).
Other stocks in the homebuilding sector that are performing well and deserve a mention include D. R. Horton Inc. (DHI) and Ryland Group Inc. (RYL), both carrying a Zacks Rank #1 (Strong Buy) and KB Home (KBH) carrying a Zacks Rank #2 (Buy).
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