Low Priced NVR Homes in Pa.

Zacks Equity Research

With the housing market recovery, a significant gap has been created between demand and supply of homes. Compared to the rising demand for new homes, there is a shortage of adequate supply of homes. Most of the homebuilding companies are investing heavily in building homes. Recently, homebuilding company, NVR, Inc. (NYSE:NVR) unveiled Mozart townhome model at Coddington View in Upper Pottsgrove, Pa.

Built under NVR's Ryan Homes division, the Mozart model homes offer homebuyers up to 4 bedrooms, with a garage and basement, a kitchen with an optional island, and a large living room. The basement can accommodate a bedroom with a full bath or a recreation room. The master bedroom features a large walk in closet and a bath with an optional dual vanity. The residents can enjoy easy access to various facilities like, shopping, restaurants and entertainment. The homes are priced from $160’s onward. The low priced homes are expected to appeal to all consumers who are troubled by high rents and volatility in mortgage/interest rates, which limits their purchasing power.

Like all new Ryan homes, Coddington View homes are ENERGY STAR certified, resulting in 30% lower monthly utility bills than standard homes. All Ryan homes carry a 10-year structural warranty and are independently verified by a third-party inspection company.

NVR carries a Zacks Rank #4 (Sell). Better-ranked stocks in the homebuilding sector include Beazer Homes USA Inc. (NYSE:BZH), William Lyon Homes (NYSE:WLH) and Standard Pacific Corp. (NYSE:SPF). While Beazer Homes and William Lyon Homes carry a Zacks Rank #1 (Strong Buy), Standard Pacific carries a Zacks Rank #2 (Buy).

Read the Full Research Report on BZH
Read the Full Research Report on NVR
Read the Full Research Report on SPF
Read the Full Research Report on WLH


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