One of the leading home building and mortgage banking
companies in the United States,
) unveiled a new series of luxury homes in Pittsburgh, PA and
Morgantown, W.Va. under its Heartland Homes division.
These luxury homes offer spacious floor plans with gourmet
kitchen layouts. The homes also have nine-foot ceilings on all
floors, spacious master retreats and tile floors in the master
The Heartland homes are ENERGY STAR certified and carry 10
years structural warranty. The residents can therefore save up to
30% on monthly utility bills compared with other standard
The luxury homes are also available in other Heartland Homes
communities in Allegheny, Butler and Washington Counties and also
in the Summit at Cheat Lake community in Morgantown, WV.
The rising demand for new homes has led to a favorable
situation in the housing market, where inventory levels are
dropping and prices are moving up. The demand is particularly
high for luxury homes. Therefore adequate product introduction is
necessary in order to maintain the required level of inventory to
meet the growing demand for homes.
We like NVR's initiative to constantly introduce new products.
With frequent introduction of products, NVR will be able to
capitalize on the improving housing market. However, we would
prefer to stay on the sidelines as the housing market is still in
the recovery stage and the rest of the macroeconomic parameters
are on a slow growth trajectory. Currently, NVR carries a Zacks
Rank #4 (Sell).
Other stocks in the homebuilding sector that are performing
well and deserve a mention include
D R Horton Inc
The Ryland Group Inc.
Meritage Homes Corp
), all of them carrying a Zacks Rank #1 (Strong Buy).
D R HORTON INC (DHI): Free Stock Analysis
MERITAGE HOMES (MTH): Free Stock Analysis
NVR INC (NVR): Free Stock Analysis Report
RYLAND GRP INC (RYL): Free Stock Analysis
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