One of the leading home building and mortgage banking companies
in the United States,
) recently opened its new Ravenna model home at Crystal Lake South
in Chesapeake, Virginia. This single-family model home - located in
the Western Branch area of Chesapeake - boasts a beautiful
lakefront view. Residents can enjoy beautiful sunsets and
activities such as fishing, canoeing and kayaking. Home prices
start from $290,000 onwards.
Built against a picturesque lake backdrop, Ravenna offers various
floor plans like ranch style living, first floor owner suites and
two storey homes. The spacious homes can include up to 6 bedrooms
and up to 4 baths. The residents may also choose to have an
optional morning room with a breakfast bar and a gourmet island in
their kitchen. The eat-in kitchen has an optional island and a
large pantry. The laundry is conveniently located at the second
floor. The master bedroom features a walk-in closet, an optional
soaking tub and a shower. All the homes come with a two car garage
and a tankless hot water heater.
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 stores,
restaurants and commuting routes like Interstate 64, 264, 664.
Earlier, in September, NVR - a peer of
DR Horton Inc.
) - introduced Picasso condominium model home at Market Square,
Maryland. The townhomes are located in the historic downtown
Frederick City. Home prices start from $200,000 onwards. NVR had
previously introduced similar single family Ravenna model home at
Shawnee Crossing in Pickerington, Ohio. Home prices start from
We like the company's initiative to constantly introduce new
products. With the improvement in the housing market, low mortgage
rates and rising house rents, more people are settling for home
purchases. With frequent introduction of products and a strong
inventory, the company will be able to capitalize on the improving
D R HORTON INC (DHI): Free Stock Analysis
NVR INC (NVR): Free Stock Analysis Report
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NVR Inc. carries a Zacks #1 Rank in the near term (Strong Buy
rating). We currently have an Outperform 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.