One of the leading home building and mortgage banking companies in the United States, NVR, Inc ( NVR ) unveiled the new Mozart townhome model in Waldorf, Maryland. The luxury homes are located in Fieldside at St. Charles, one of the latest luxury communities in the Charles County School District. Home prices start from $220,000 onward.
Fieldside offers a whole range of facilities including an Olympic-sized swimming pool, a skate park, golf course, biking and hiking trails and restaurants. The community is close to Maryland Blue Crabs Stadium and the upcoming St. Charles High School. The community is also in close proximity to widely-accessed commuting routes like I-495, US-301 and Route 5.
Mozart homes offer all the convenience of a single family home. The sculptural staircase demonstrates the elegance and functionality of the home. The interiors of Mozart homes comprise a spacious living area, which leads to a large kitchen with an optional island. The home comprises three large bedrooms with spacious closets. The master bedroom comprises a large walk-in closet and an attached bath featuring an optional dual vanity and an optional oversized tub.
Mozart model homes come with a 10 year structural warranty and are ENERGY STAR certified. The residents can therefore save up to 30% on monthly utility bills.
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 markets. 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 showing slow growth trajectory.
A peer of PulteGroup Inc. ( PHM ), NVR Inc. carries a Zacks #3 Rank that translates into a short-term 'Hold' rating. Longer-term, we are maintaining our Neutral recommendation on NVR Inc.