NVR to Unveil New Model Home in NJ - Analyst Blog

Ryan Homes, a division of NVR, Inc. ( NVR ) 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.

The Venice model home at Country Woods will accommodate 4+ bedrooms, 2+ bathrooms, a large family room, gourmet kitchen with an upgradeable center island, a formal living room and a second story laundry room. The owner's suite will also include a large walk-in closet, and a personal bath with dual sink vanity.

Homebuyers in the community will be offered various floor plans with ample living space. The homes can accommodate up to 5 bedrooms and five baths. All the homes include a two car garage, and a full basement. The community is surrounded by the beautiful Green Acres Park.

Like all new Ryland homes in Country Woods, these homes have Energy Star certified appliances and carry 10- year structural warranties.

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 adequate supply of homes. As a result, most of the homebuilding companies are investing heavily in building homes.

However, rising home prices and a spike in interest/mortgage rates since May 2013 slowed down the pace of orders and traffic in the homebuilding industry. This Zacks Rank #5 (Strong Sell) has also witnessed weak order growth in first quarter 2014.

Better-ranked stocks in the homebuilding sector include Gafisa S.A. ( GFA ), Toll Brothers, Inc. ( TOL ) and TRI Pointe Homes, Inc. ( TPH ). All the companies carry a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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