New Townhomes Offered by NVR - Analyst Blog

By Zacks Equity Research,

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Reston, Virginia-based homebuilder NVR Inc. ( NVR ) has offered new townhomes in The Greens at Montgomery County. The home prices start from $160,000.

The Greens is well connected to King of Prussia development and the Philadelphia Premium shopping outlet and is also located in close proximity to Routes 100, 663, 29, 73, 422 and the PA Turnpike.

Each home accommodates up to four spacious bedrooms, with three and a half bathrooms and a beautiful lawn. It also has a garage facility, which can accommodate a maximum of two cars.

The homes also come with the facilities such as green meadows, daily needs shopping and golf courses.

The rising demand for new homes has led to a favorable situation in the housing market, where homebuilding companies are building new homes with innovative styles and conveniences.

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. Therefore, adequate product introduction is necessary in order to maintain the required level of inventory to meet the growing demand for homes.

We like the company's initiative towards constant introduction of new products. With frequent introduction of products, NVR will be able to capitalize on the improving markets.

Currently, NVR Inc. carries a Zacks Rank #1 (Strong Buy). You can also consider investing in Meritage Homes Corp. ( MTH ), MDC Holdings ( MDC ) that carry a Zacks Rank #1 (Strong Buy) and Ryland Group Inc. ( RYL ) that carry a Zacks Rank #2 (Buy). They offer exposure to attractive housing segments.

MDC HLDGS (MDC): Free Stock Analysis Report

MERITAGE HOMES (MTH): Free Stock Analysis Report

NVR INC (NVR): Free Stock Analysis Report

RYLAND GRP INC (RYL): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
Referenced Stocks: MDC , MTH , NVR , RYL

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