) has unveiled main-level living villas and luxury townhomes
sites at Dunlora Forest in Charlottesville, Virginia. The homes
are built under NVR's Ryan Homes division and are priced from
$170,000 upward in the Greens section and from $220,000 upward in
the Fairways section.
DunloraForest is located near the historically-important
Charlottesville in Albemarle County School District. The locality
is well connected with highways I-64 and Route 29.
Customers have the independence of choosing from two villa
floorplan designs or they can design their own 3 expansive
The townhomes span across 4,000 square feet and featuring up
to four bedrooms and 3 and a ½ baths and a 2-car garage
With the recovery in housing markets, most homebuilders are
investing heavily in building homes. However, the recent
volatility in mortgage/interest rates has raised concerns among
consumers. While the rise in interest rates dilutes the demand
for new homes, it also lowers the buyer's purchasing power,
thereby, affecting revenues and profits of the homebuilders. NVR
carries a Zacks Rank #4 (Sell).
Other Stocks to Consider
Other stocks in the construction sector that are performing
well and deserve a mention include
M/I Homes Inc.
). While M/I Homes carries a Zacks Rank #1 (Strong Buy), K.B.
Home and Meritage Homes hold a Zacks Rank #2 (Buy).
KB HOME (KBH): Free Stock Analysis Report
M/I HOMES INC (MHO): Free Stock Analysis
MERITAGE HOMES (MTH): Free Stock Analysis
NVR INC (NVR): Free Stock Analysis Report
To read this article on Zacks.com click here.