Reston, Virginia-based homebuilder NVR Inc. (NVR - Snapshot Report) has offered single family based model homes at Waverly Meadows in Woolwich Township, New Jersey. The new houses, built by NVR’s Ryan Home Division are available at prices starting from $290,000.
The single-family model homes spread across a large area of over ¾ acres on two floors. The first floor has a secluded study. Each home accommodates up to four spacious bedrooms with four and a half baths, an owner’s suite, and a laundry in the second floor. The kitchen and the dining area have been centrally built for access to all. The new family homes are well connected to Downtown Swedesboro.
All the homes of Ryan are ENERGY STAR certified and meet strict energy efficiency guidelines set by the U.S. Environmental Protection Agency and the U.S. Department of Energy. The homes thus allow its residents to save up to 30% of their utility bills. The homes also come with a 10 year structural warranty
The rising demand for new homes has led to a favorable situation in the housing market. Homebuilding companies are witnessing increasing traffic levels due to heightened consumer demand. Most homebuilding companies are witnessing significant growth in both volumes and average selling prices (ASP). New home orders, backlogs (number of homes under sales contracts at the end of the year) and homes delivered have climbed higher year over year. Home prices have started moving up lately with market demand gaining momentum.
We like the company’s initiative towards constant introduction of new products. With frequent introduction of products, NVR will be able to capitalize on the improving markets.
Currently, NVR Inc. carries a Zacks Rank #1 (Strong Buy). We also recommend stocks like Meritage Homes Corp. (MTH - Snapshot Report), and MDC Holdings (MDC - Snapshot Report) carry a Zacks Rank #1 (Strong Buy) for investors. Ryland Group Inc. (RYL - Snapshot Report) carries a Zacks Rank #2 (Buy). They offer exposure to attractive housing segments.