COLUMBIA, S.C., Dec. 19, 2011 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announces that Rymarc Homes, based in the greater Columbia, SC area, will begin the process of changing its name to Ryan Homes in December 2011, with the transition to the new name finalized by mid-February 2012.
Rymarc Homes, which was acquired by NVR in 2005, has built more than 3,000 homes in the Columbia market since its founding in 1982. Ryan Homes, one of America's leading homebuilding names, has been in business since 1948, and has sold more than 300,000 homes.
With the transition to Ryan Homes, the former Rymarc Homes will remain focused on exceptional value and quality, while continuing to incorporate the outstanding design variety and advances in energy efficiency that have been hallmarks of Ryan Homes. For example, all Ryan Homes are fully ENERGY STAR® Qualified, which, according to the Environmental Protection Agency (EPA), provides for monthly utility bills up to 30% lower than standard new homes. NVR was named a 2011 ENERGY STAR® Partner of the Year in the Large Builder Category by the EPA.
"We're excited about the transition to Ryan Homes," said Jeff Cargnel, Vice President of Operations for NVR's Southeast operations. "In terms of customer service and the overall buying experience, the change will be completely transparent for our new homebuyers as well as the current owners of Rymarc Homes products. Our employees, our philosophy and our values will remain exactly the same...only our name is changing," said Mr. Cargnel.
To learn more about Ryan Homes, please visit online at RyanHomes.com.
About NVR
NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding unit sells and builds homes under the Ryan Homes, NVHomes, Rymarc Homes and Fox Ridge Homes trade names, and operates in 27 metropolitan areas in 15 states. For more information about NVR, Inc. and its family of companies, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com, www.rymarc.com and www.foxridgehomes.com.
ENERGY STAR is a registered trademark owned by the U.S. government.
SOURCE NVR, Inc.
CONTACT: Dan Malzahn, +1-703-956-4204
