Back to top

Analyst Blog

One of the leading home building and mortgage banking companies in the United States, NVR, Inc (NVR - Snapshot Report) recently offered Ryan single-family homesites at Birkdale Grove in Huntersville, North Carolina. Home prices start from $280,000 onward.

Birkdale Grove consists of 18 homesites on a private street in the posh Birkdale area. The residents can choose from various floor plans like ranch style living, first floor or second floor owner suites and two storey homes. The spacious homes, of 4,500 square feet, can include up to 6 bedrooms and up to 5 baths. Each of the homes will have a brick or stone front, HardiePlank Colorplus Siding, with beautiful landscaping and a sodded yard. All the homes come with a two car garage.

Like all other NVR homes, Birkdale Grove homes come with a 10 year structural warranty and are ENERGY STAR certified. Located in the Birkdale area, the residents can enjoy easy access to Birkdale Golf Club, Birkdale Village, Lake Norman, nearby stores, restaurants and commuting routes like I-77.

Earlier, NVR – a peer of DR Horton Inc. (DHI) – introduced the new Ravenna model home at Crystal Lake South in Chesapeake, Virginia, with prices starting from $290,000 onward. The company had also introduced the Picasso condominium model home at Market Square, Maryland. The townhomes are located in the historic downtown Frederick City. Home prices start from $200,000 onward.

We like the company’s initiative to constantly introduce new products. With the improvement in the housing market, low mortgage rates and rising house rents, more and more people are settling for home purchases. With frequent introduction of products and a strong inventory, the company will be able to capitalize on the improving markets.

NVR Inc. carries a Zacks #1 Rank in the near term (Strong Buy rating). We currently have an Outperform recommendation on NVR Inc.

Headquartered in Reston, Virginia, NVR Inc. is one of the leading home building and mortgage banking companies in the United States. The three homebuilding brands owned by the company include Ryan Homes, NVHomes and Fox Ridge Homes. NVR Inc. focuses on purchasing completed building lots at market prices under flat price purchase agreements, in order to forgo the risk associated with land ownership and land development.

 

Please login to Zacks.com or register to post a comment.