Homebuilder NVR Inc. (NVR - Snapshot Report) has unveiled main-level living villas and luxury townhomes sites at Dunlora Forest in Charlottesville, Virginia. The homes are built under NVR's Ryan Homes division and are priced from $170,000 upward in the Greens section and from $220,000 upward in the Fairways section.
DunloraForest is located near the historically-important Charlottesville in Albemarle County School District. The locality is well connected with highways I-64 and Route 29.
Customers have the independence of choosing from two villa floorplan designs or they can design their own 3 expansive townhome designs.
The townhomes span across 4,000 square feet and featuring up to four bedrooms and 3 and a ½ baths and a 2-car garage facility.
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 M/I Homes Inc. (MHO - Snapshot Report), K.B. Home (KBH - Analyst Report) and Meritage Homes (MTH - Snapshot Report). While M/I Homes carries a Zacks Rank #1 (Strong Buy), K.B. Home and Meritage Homes hold a Zacks Rank #2 (Buy).