Ryan Homes, a division of NVR, Inc. (NYSE: NVR), announced the opening of a new Mozart townhome model home at the community of Broad Acres. Located in Blackwood, NJ, the luxurious townhomes are priced from upper $170,000s.
The Mozart model townhomes at Camden Country offer the comfort of single family home with the benefits of townhome living. The model home will accommodate 3+ bedrooms, 2+ bathrooms, ample living space, large country kitchen with upgradable center island, and a garage. The owner's suite will have a walk-in closet and luxurious bath.
Homebuyers in the community will be offered various floor plans with ample living space. The homes can accommodate up to 4 bedrooms, 3.5 bathrooms, gourmet kitchen with an optional center island, a recreation room and a garage. The owner will also get various options such as tray ceilings and fireplaces. Owing to its proximity to the city of Philadelphia, the residents will enjoy all the facilities offered by the city, such as fine dining, shopping and entertainment.
Like all new Ryland homes in Broad Acres, these homes have Energy Star certified appliances and carry 10-year structural warranties.
Last month, Ryan Homes, announced the opening of new Venice single family model homes at a new community called Country Woods, located in Burlington, NJ. 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.
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 have slowed down the pace of orders and traffic in the homebuilding industry. This Zacks Rank #5 (Strong Sell) company also witnessed weak order growth in first quarter 2014.
Better-ranked stocks in the homebuilding sector include Gafisa S.A. (NYSE: GFA), Toll Brothers, Inc. (NYSE: TOL) and TRI Pointe Homes, Inc. (NYSE: TPH). All the companies carry a Zacks Rank #2 (Buy).
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