One of the leading home building and mortgage banking
companies in the United States,
) unveiled the new Ravenna single family model home in West
Chesapeake, Va. The new model home is built in a community of
luxury homes called The Park at Centerville Commons.
CONSORCIO ARA (CNRFF): Get Free Report
D R HORTON INC (DHI): Free Stock Analysis
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NVR INC (NVR): Free Stock Analysis Report
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Built under the Ryan Homes division, the luxury single family
homes are located at the center of Chesapeake. Residents
will have easy access to many restaurants, shopping centers and
the Virginia Beach, which is a popular tourist destination.
The luxury model home offers the convenience of a single family
home with ample living space, 4 bedrooms, 2 baths, a formal
living room, a dining room and a large kitchen. The owner's
bedroom consists of a walk-in closet, a spa style bath and an
optional tray ceiling. Ravenna model 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.
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 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
D. R. Horton Inc.
Consorcio ARA, S. A. B. de C. V.
), all carrying a Zacks Rank #2 (Buy).