) recently opened its new Ravenna model home at Shawnee Crossing in
Pickerington, Ohio. This single-family model home boasts a colonial
design and is built on wooded and walk-out homesites of Shawnee
Crossing. Ravenna is located in the reputed Pickerington School
District. Home prices start from $190,000 onwards.
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Built against a picturesque wooded backdrop, Ravenna includes 6
bedrooms and up to 4 baths. The home has a spacious family room
with a formal living room and dining room. The eat-in kitchen has
an optional island and a large pantry. The homeowner can also
choose to add a breakfast bar and a gourmet island in their
kitchen. The laundry is conveniently located in the second floor.
The master bedroom features a walk-in closet, an optional soaking
tub and a shower.
Like all other NVR homes, Ravenna comes with a 10 year structural
warranty and is ENERGY STAR certified. The residents can enjoy the
tranquil settings and at the same time enjoy easy access to
community parks, stores, restaurants and commuting routes.
In a separate development, the company also introduced the Mozart
model townhome at its Cinnaminson Harbour community in Cinnaminson,
New Jersey. Home prices start from below $210,000. NVR had
previously introduced similar single family homes in Springbrook at
Regency at Highland Lakes in Westerville, Ohio, with prices
starting from $190,000.
We like the company's initiative to constantly introduce new
products. With the improvement in the housing market and rising
house rents, more people are settling for home purchases. With
frequent introduction of products, the company will be able to
capitalize on the improving markets.
NVR Inc. carries a Zacks #2 Rank in the near term (Buy 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. 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.