) unveiled single-family model homes at Norman Pointe in Denver,
North Carolina. The all-brick homes are priced at $310,000 and
above and have been built under NVR's Ryan Homes division.
Norman Pointe lies in close proximity to the uptown Charlotte
and provides a suburban lifestyle to the dwellers. The locality
situated on Lake Norman combines the natural wooden feel with
easy connectivity to the civic amenities like stores and
restaurants and acclaimed schools.
Apart from on-site boat storage and public boat access, the
residents can enjoy lower Lincoln County taxes.
The two-storied lavish homes span 5,500 square feet and
feature up to seven bedrooms and six baths. The first floor,
spanning 3,900+ square feet, has a luxurious owner's suite, 4+
bedrooms and 3+ baths in a center hall colonial design. The house
also has a two-storey entrance foyer with a formal living room
and dining room on either side. Additionally, the first floor has
two baths and three bedrooms. The living room can be converted
into a double-door study and used as a home-office. The homes
have a 2-car garage facility.
Like all new Ryan homes, those at Norman Pointe are ENERGY
STAR certified, resulting in 30% lower monthly utility bills than
standard homes. All Ryan homes carry a 10-year structural
warranty and are independently verified by a third-party
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.
Other Stocks to Consider
NVR carries a Zacks Rank #4 (Sell). However, stocks in the
construction sector that are performing well and deserve a
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
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