Homebuilder NVR Inc. (NVR - Snapshot Report) has unveiled single-family home sites at Walden Ponds in Fairfield Township, Ohio. The homes are built under NVR's Ryan Homes division and are priced from $170,000's in the Greens section and from $220,000's in the Fairways section.
Walden Ponds is a golf course community around these two-story model homes. It is located near Bridgewater Falls and is in close proximity to highways I-75 and routes 4 and 129.
The Sheffield model homes feature 4+ bedrooms and 2+ baths. Some Walden Ponds homes provide the option of a walk-out basement. Homeowners also have an option to add a 20' x 23' bonus room to the upper level.
Like all new Ryan homes, homes at Walden Ponds are ENERGY STAR certified, resulting in 30% lower monthly utility bills than standard homes. All Ryan homes also carry a 10-year structural warranty and are independently verified by a third-party inspection company.
With the recovery in housing markets, most homebuilders are investing heavily in building homes. However, the recent volatility in mortgage/interest rates has raised concerns among consumers. While the rise in interest rates dilutes the demand for new homes, it also lowers the buyer’s purchasing power, thereby, affecting revenues and profits of the homebuilders. NVR carries a Zacks Rank #4 (Sell).
Other Stocks to Consider
Other stocks in the construction sector that are performing well and deserve a mention include Standard Pacific Corp. (SPF - Snapshot Report), D.R. Horton Inc. (DHI - Analyst Report) and Lennar Corp (LEN - Analyst Report). While Standard Pacific carries a Zacks Rank #1 (Strong Buy), D.R. Horton and Lennar hold a Zacks Rank #2 (Buy).