One of the leading home building and mortgage banking companies in the United States, NVR, Inc. (NVR - Free Report) unveiled the new and upgraded Vanderbilt floor plan for luxury townhomes. The new floor plan has been introduced in the community of The Villages of Urbana, Urbana, located in close proximity to downtown Frederick.
The Vanderbilt floor plan accommodates up to 5 bedrooms, 4 full baths and a 2-car garage. The floor plan features a full-brick exterior, ample living space, kitchen with maple spice cabinets, granite countertops, stainless steel appliances and a walk-in pantry. The owner’s bath features elevated vanities, ceramic tile flooring, and a Roman shower with double showerheads. A laundry closet is added to the second floor.
The Villages of Urbana offers several facilities, which include two elementary schools and a high school, two community pools, a library, numerous tennis and basketball courts. The residents can also access several shops, restaurants, park and grocery stores all of which are located close by.
Homes at the Villages of Urbana are ENERGY STAR certified. The residents can therefore save up to 30% on monthly utility bills. Prices of these luxury homes start from $330’s.
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. The demand is particularly high for luxury homes. Therefore adequate product introduction is necessary in order to maintain the required level of inventory to meet 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 D. R. Horton Inc. (DHI - Free Report) , Consorcio ARA, S. A. B. de C. V. and KB Home (KBH - Free Report) , all carrying a Zacks Rank #2 (Buy).