One of the leading home building and mortgage banking
companies in the United States,
) unveiled the new Avalon model home in West Chester, Ohio. Home
prices start from $310,000 onward.
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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The six Avalon model homes, under the Ryan Homes division, offer
all the convenience of a single family home with ample living
space, up to 6 bedrooms and a 3-car garage. The owner's bedroom
consists of a large walk-in closet, a dual vanity, a soaking tub
and a shower. Avalon 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.
We like NVR's initiative to constantly introduce new products.
With frequent introduction of products, NVR will be able to
capitalize on the improving markets. However, we would prefer to
stay on the sidelines as the housing market is still in the
recovery stage and the rest of the macroeconomic parameters are
showing slow growth trajectory.
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.
Consorcio ARA, S. A. B. de C. V.
), all carrying a Zacks Rank #2 (Buy).