One of the leading national homebuilders, NVR Inc. (NVR - Free Report) unveiled a new community of 750 single family luxury homes named The Preserve in Glenmore, Va. Home prices start from $500,000 onward.
Built under the Ryan Homes division, residents of Glenmore will have easy access to several facilities like country club, golf course, tennis court, swimming and fitness center, shops, restaurants and cultural centers.
Glenmore homes are spacious and elegantly designed with ample floor space. The homes accommodate up to 6 bedrooms, 5 baths, and a 2- to 3-car side entry garage. The homes have kitchens with features like hardwood flooring, granite countertops, stainless steel GE appliances and Timberlake cabinetry.
Like other NVR homes, Glenmore 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. 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. Particularly, the luxury home market is gaining strong momentum compared to the rest of the housing market and therefore the introduction of these luxury homes will benefit the company
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).