One of the leading home building and mortgage banking companies in the United States, NVR, Inc. ( NVR ) unveiled a new single family model home called Strauss townhome model at Rose Glen in Tinton Falls, NJ under its Ryan Homes division .
The Strauss model home accommodates up to 2 bedrooms, a study room, two baths, spacious living areas, an extensive kitchen and attached garages. The owner's suite offers optional tray ceiling, a large bath with a separate shower, a soaking tub and a walk-in closet.
Residents of the Rose Glan community can easily access Jersey Shore and Garden State Parkway. Shopping is also accessible at the Monmouth Mall and the Jersey Shore Outlet Mall.
The Strauss model homes are ENERGY STAR certified and carry 10 years structural warranty. 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. Therefore adequate product introduction is necessary in order to maintain the required level of inventory to meet the growing demand for homes. With frequent introduction of products, NVR will be able to capitalize on the improving markets.
NVR carries a Zacks Rank #3 (Hold). Other stocks in the homebuilding sector that are performing well and deserve a mention include D R Horton Inc ( DHI ), MDC Holdings Inc. ( MDC ) and Ryland Group Inc. ( RYL ), all of them carrying a Zacks Rank #1 (Strong Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.