One of the leading national homebuilders, NVR, Inc (NVR - Free Report) unveiled a new community of 24 single family homes named Hidden Creek in Brentwood, Tenn. Home prices start from $410,000 onward.
Built under the Ryan Homes division, residents of Hidden Creek will have easy access to facilities like schools, the Governor's Club Golf Course, shops and restaurants at Cool Springs Galleria and the 21-acre Owl Creek Park.
Hidden Creek homes accommodate up to 5 bedrooms, 4 baths, and a 3-car garage. The homes are evenly spaced out and therefore residents can enjoy complete privacy and a calm and peaceful neighborhood.
Like other NVR homes, Hidden Creek homes come with a 10 year structural warranty and are ENERGY STAR certified. The residents can therefore save up to 30% on monthly utility bills.
NVR has been constantly introducing new products. Notably, earlier this week, the company had introduced the new Beethoven and Strauss model townhomes in Frederick, Md. The townhomes are located in the community of Linton at Ballenger. Home prices start from $250,000 onward.
The favorable situation in the housing market has resulted in increase in demand for new homes, where inventory levels are dropping and prices are moving up. With frequent introduction of products, NVR will be able to capitalize on the increase in demand for new homes.
NVR carries a Zacks Rank #1 (Strong Buy).
Other stocks in the homebuilding sector that are performing well and deserve a mention include D. R. Horton Inc. (DHI - Free Report) , Hovnanian Enterprises Inc. and Beazer Homes USA Inc. (BZH - Free Report) , all carrying a Zacks Rank #2 (Buy).