One of the leading home building and mortgage banking companies in the United States, NVR, Inc. (NVR - Snapshot Report), unveiled its single-family model homes in the Crossings of Bucks County community in Quakertown.
The homes, part of NVR’s Ryan Homes division, will enjoy the natural beauty of the wooded environment, scenic walking trails and an easy access to Route 663, Route 313 and the Pennsylvania Turnpike. They will also be in close proximity to the nearby YMCA and the Bucks Mont Indoor Sports Center.
The residents can enjoy outdoor activities like rafting, canoeing and sailing in the Delaware River apart from hiking, horseback riding and camping. The community is close to the towns of King of Prussia and Lansdale as well as the Lehigh Valley.
The five-bedroom and four-bath homes offer two-car garages and front porches. The homes stretch over 4,000 square feet which include entrance foyers, lavish owner's suites, spa-like baths and gourmet kitchens. The dwellers also have the option to add fireplaces, sunny morning-rooms off the dinette, center islands in the kitchen and finished basements to the homes.
Like all NVR Homes, the upcoming ones at Bucks County are ENERGY STAR certified and carry 10 years’ structural warranty. The residents can, therefore, save up to 30% on monthly utility bills compared with other standard homes.
We are positive about NVR's initiative to constantly introduce new properties to capitalize on the improving housing market. 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 on a slow growth trajectory. Currently, NVR carries a Zacks Rank #3 (Hold).
Other stocks in the homebuilding sector that are performing well and deserve a mention include Hovnanian Enterprises Inc. (HOV - Snapshot Report), Tri Pointe Homes Inc. (TPH - Snapshot Report) and Meritage Homes Corp (MTH - Snapshot Report). All of these stocks carry a Zacks Rank #2 (Buy).