Welcome to our dedicated page for NVR news (Ticker: NVR), a resource for investors and traders seeking the latest updates and insights on NVR stock.
NVR, Inc. (NVR) is a leading US homebuilder and mortgage services provider with over six decades of experience delivering quality residential properties. This page serves as the definitive source for official company announcements, financial updates, and strategic developments impacting the housing market.
Investors and industry professionals will find curated press releases covering quarterly earnings, operational milestones, and leadership updates. Track NVR's progress in key areas like land acquisition strategies, community expansions under brands such as Ryan Homes and NVHomes, and innovations in mortgage banking services.
All content is sourced directly from NVR's communications to ensure accuracy and timeliness. Bookmark this page to monitor regulatory filings, partnership announcements, and market positioning updates from one of America's most established homebuilders.
NVR, Inc. (NYSE: NVR) reported a net income of $344.4 million for Q1 2023, reflecting a 19% decline compared to $426.1 million in Q1 2022. Diluted earnings per share also fell by 14% to $99.89. Consolidated revenues were $2.18 billion, an 8% decrease from $2.38 billion last year. New orders decreased 1% to 5,888 units, with the average sales price dropping by 5% to $441,200. Cancellation rates rose to 14% from 10% in 2022. Settlements declined 11% to 4,639 units, despite a 4% increase in average settlement price. The backlog of homes fell 23% in both unit and dollar terms, totaling $4.79 billion.
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