) unveiled the new Springbrook model homes at Regency at Highland
Lakes in Westerville, Ohio. Springbrook homes are low maintenance
single-family patio homes in a gated community. Regency is located
in the reputed Olentangy School District. Home prices start from
The Springbrook includes ranch style living space with large rooms,
formal dining space and eat-in kitchens. The homes have 2 bedrooms
with a common bath and a master bedroom with 2 walk-in closets,
dual vanities and a shower. The home also offers a two car garage.
Like all other NV homes, Springbrook homes come with a 10-year
structural warranty and are ENERGY STAR certified.
The residents of Regency will the facilities of community living
such as parks, swimming pool and a clubhouse. They will also be
provided with lawn maintenance, snow removal and trash removal
services. Regency homes are close to stores and restaurants at
Polaris Fashion Place, Alum Creek State Park and Highland Lakes
NVR Inc. had previously introduced similar single family homes in
Stonegate West in Aurora, Illinois, with prices starting from
$220,000 upwards. The company had also introduced Ravenna
single-family model homes at Lovettsville Town Center in
Lovettsville, Virginia, with prices starting from $320,000 upwards.
We like the company's initiative to constantly introduce new
products. With the improvement in the housing market and rising
house rents, people are finding it suitable to purchase a home. As
such, people who had been delaying purchases are coming back
stronger than expected.
With frequent introduction of products, the company will be able
to capitalize on the improving markets. Particularly, NVR's recent
introduction of luxury homes will enable the company to capitalize
on the fast recovering luxury housing market.
NVR INC (NVR): Free Stock Analysis Report
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However, we would prefer to stay on the sidelines as the company
generally offers homes in different price ranges to cater to
different sections of the market. As a result, the company is still
exposed to uneven recovery of the housing market.
NVR Inc. carries a Zacks #3 Rank in the near term (Hold 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.