) unveiled two luxury model homes at The Overlook in Carriage Hill
in Doylestown, Pennsylvania. The Overlook homes are located in the
reputed Central Bucks School District. Home prices start from $310
NVR INC (NVR): Free Stock Analysis Report
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The Overlook includes luxurious garage townhomes and single family
homes. The 3,400 sq. ft townhomes comprise 4 bedrooms and 4½
baths. The single family homes consist of 5 bedrooms, 4½
baths and provide 4,300 sq. ft of living space. The homes are well
connected by Route 202, Route 611 and Route 313 and are located in
close proximity to shops and restaurants.
All the NV homes come with a 10-year structural warranty and are
ENERGY STAR certified. The homes offer luxury options like a
furnished basement equipped with an optional recreation room, media
room, partial or full porches and bath and wet bar.
NVR, Inc. focuses on purchasing completed building lots at market
prices under flat price purchase agreements, in order to forgo the
risk associated with land ownership and land development.
The company had previously introduced luxury single family homes in
Lambertville, New Jersey. The Clifton Park model homes at Creekside
Preserve are built on 2 to 16 acres of land in the Delaware River
Valley. We like the company's initiative to constantly introduce
new products. Particularly, NVR's recent introduction of luxury
homes will enable the company to capitalize on the fast recovering
luxury housing market. Also, these luxury homes are high priced
products and will generate revenue and margin growth.
However, we would prefer to stay on the sidelines as the company
generally offers homes in different price ranges to cater to
different sections of the market. As a result, the company is still
exposed to uneven recovery of the housing market.
NVR Inc. carries a Zacks #3 Rank in the near term (Hold rating). We
currently have a Neutral recommendation on NVR Inc.
Headquartered in Reston, Virginia, NVR Inc. is one of the leading
home building and mortgage banking companies in the United States.
The three homebuilding brands owned by the company include Ryan
Homes, NVHomes and Fox Ridge Homes. The company operates in 27
major cities in 15 states of the United States.