One of the leading home building and mortgage banking companies in the United States, NVR, Inc. (NVR - Snapshot Report) unveiled a new single family model home called Palmetto Grove at the community of Walden Reserve in Plant City, FL.
The Palmetto Grove model home accommodates up to 4 bedrooms, which includes an owner’s suite and three bedrooms with full baths, an optional room, a laundry room and a 2-car garage. The owner’s suite offers optional tray ceiling, a large bath with soaking tub and a walk-in closet.
The community offers several facilities, which include schools, child care centers, hospitals, restaurants, shopping centers, golf club, tennis center, sports complex, Edward Medard Park and YMCA. Residents can easily access cities such as Tampa and Orlando through I-4.
Palmetto Grove homes are ENERGY STAR certified and carry 10 years structural warranty. The residents can therefore save up to 30% on monthly utility bills.
The rising demand for new homes has led to a favorable situation in the housing market, where inventory levels are dropping and prices are moving up. Therefore adequate product introduction is necessary in order to maintain the required level of inventory to meet the growing demand for homes. With frequent introduction of products, NVR will be able to capitalize on the improving markets.
NVR carries a Zacks Rank #3 (Hold).
Other stocks in the homebuilding sector that are performing well and deserve a mention include MDC Holdings Inc. (MDC - Snapshot Report) and Ryland Group Inc. (RYL - Snapshot Report), both carrying a Zacks Rank #1 (Strong Buy), and D. R. Horton Inc. (DHI - Analyst Report) carrying a Zacks Rank #2 (Buy).