Ryan Homes, a division of
), announced the opening of a new Roxbury townhome model at the
community of Hamilton Chase. Located in Hamilton, NJ, the townhomes
are priced from upper $240,000s.
The Roxbury model townhomes at Mercer County offer the comfort of a
single family home with the benefits of townhome living. The model
home will accommodate a large open concept living space, a kitchen
with an upgradeable center island and ample counter space, and
attached garage. The owner's suite will have a closet and a
personal bath. The home also offers an upper level laundry.
Homes in Hamilton Chase will come with low maintenance costs as the
community offers landscaping and shoveling services. Owing to its
proximity to cities such as Philadelphia, New York and Jersey
Shore, the residents will have access to numerous fine dining,
shopping and entertainment options.
Like all new Ryland homes in Hamilton Chase, these homes include
Energy Star certified appliances and carry 10-year structural
With the housing market recovery, a significant gap has been
created between demand and supply of homes. Compared to the rising
demand for new homes, there is a shortage of supply. As a result,
most of the homebuilding companies are investing heavily in
Lately, NVR has been focusing on the lucrative market of New
Jersey. Last week the company announced the opening of a new Mozart
townhome model home at the community of Broad Acres. Located in
Blackwood, NJ, the luxurious townhomes are priced from upper
Before that, at the end of May, the company announced the opening
of new Venice single family model homes at a new community called
Country Woods. Located in Burlington, NJ, the single family homes
are priced from under $310,000.
However, rising home prices and a spike in interest/mortgage rates
since May 2013 have slowed down the pace of orders and traffic in
the homebuilding industry. This homebuilding company witnessed weak
order growth in first quarter 2014. Another homebuilding company
Toll Brothers, Inc.
) also witnessed soft order growth in its recently reported fiscal
second quarter of 2014.
NVR carries a Zacks Rank #5 (Strong Sell).
Better-ranked stocks in the homebuilding sector include
TRI Pointe Homes, Inc.
). Both the companies carry a Zacks Rank #2 (Buy).
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NVR INC (NVR): Free Stock Analysis Report
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