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Housing News: NVR, Inc. (NVR)’s Victoria Falls Home Model, D.R. Horton, Inc. (DHI)’s Breakout

Editor’s Note: Related Tickers: NVR, Inc. (NYSE:NVR), D.R. Horton, Inc. (NYSE:DHI), Beazer Homes USA, Inc. (NYSE:BZH), Hovnanian Enterprises, Inc. (NYSE:HOV)

NVR Opens Victoria Falls Single-Family Home Model at Woodbine Village (AZoBuild)
NVR, Inc., one of the nation’s largest homebuilding and mortgage banking companies, announces the grand opening of its Victoria Falls single-family home model at Woodbine Village in Plain City, Ohio. Built by NVR, Inc. (NYSE:NVR)’s Ryan Homes division, Woodbine Village offers a variety of luxurious single-family home designs in a location convenient for commuters in the Marysville and Columbus area. The luxurious estate homes at Woodbine Village are available in a choice of spacious two- and three-level floor plans with up to 4,000 square feet of living space. Each home in this premier community provides desirable features including impressive nine-foot ceilings on the first floor, a striking crown molding package, outstanding cabinetry and a full basement.

NVR, Inc. (NYSE:NVR)Credit: NVR, Inc. (NYSE:NVR)

D.R. Horton: A Breakout For Builders? (iStockAnalyst)
Home building stocks have been coming in with better than expected profits and many have been pushing higher. D.R. Horton, Inc. (NYSE:DHI) recently broke out from a 13-week flat base, which carried the stock to a six-year high. The push higher was triggered by favorable quarterly earnings. With annual revenues of $4.7 billion, the company builds high-quality, single-family homes designed principally for the entry-level and move-up markets. It also provides mortgage financing and title services. The stock’s momentum indicator is extremely bullish. The accumulation – distribution line has turned up and compliments the price action. We are targeting D.R. Horton, Inc. (NYSE:DHI) for a move to $32 off this breakout. A protective stop can be placed near $24.80.

NVR Upgraded to Buy by Ned Davis Research (NVR) (Zolmax)
Ned Davis Research upgraded shares of NVR, Inc. (NYSE:NVR) from a neutral rating to a buy rating in a research note issued to investors on Monday, Analyst Ratings.Net reports. NVR traded down 1.54% on Monday, hitting $1014.10. NVR has a 1-year low of $721.56 and a 1-year high of $1100.00. The stock’s 50-day moving average is currently $1036. The company has a market cap of $5.066 billion and a price-to-earnings ratio of 27.04. A number of other firms have also recently commented on NVR, Inc. (NYSE:NVR). Analysts at Susquehanna cut their price target on shares of NVR from $925.00 to $900.00 in a research note to investors on Wednesday, April 24th.

Beazer Homes 2nd-Quarter Loss Narrows as Closings, Margins Rise (Wall Street Journal)
Beazer Homes USA, Inc. (NYSE:BZH)’s fiscal second-quarter loss narrowed as the homebuilder’s revenue jumped and it continued to see improvements in home closings, backlogs and margins. The company has continued to report a string of losses in recent quarters as it has worked to recover from previous corporate missteps, including a federal probe into lending practices and a settlement with the Securities and Exchange Commission over accounting issues that helped force out longtime Chief Executive Ian McCarthy in 2011. For the quarter ended March 31, Beazer posted a loss of $19.6 million, or 80 cents a share, compared with a year-ago loss of $39.9 million, or $2.54 a share. Revenue was up 50% to $287.9 million.

Hovnanian Enterprises’ Presentation at the Wells Fargo Securities 2013 Industrial and Construction Conference to be Webcast Live (GlobeNewswire)
Hovnanian Enterprises, Inc. (NYSE:HOV), a leading national homebuilder, announced that senior management will be presenting at the Wells Fargo Securities 2013 Industrial and Construction Conference on Thursday, May 9, 2013 at 8:00 a.m. ET. The presentations will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at It is suggested that participants access the webcast event page at least five minutes before the live event.

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