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 its Q2 2024 financial results, showing mixed performance. Net income slightly decreased by 1% to $400.9 million, while diluted EPS increased by 4% to $120.69. Consolidated revenues grew 12% to $2.61 billion. For the first half of 2024, net income rose 6% to $795.2 million, with diluted EPS up 9% to $237.05.
In the homebuilding segment, new orders increased 3% to 6,067 units, with an average sales price of $458,800. Settlements grew 11% to 5,659 units. The backlog increased 3% in units and 6% in dollar value. Homebuilding revenues rose 12% to $2.55 billion, though gross profit margin decreased to 23.6%.
The mortgage banking segment saw closed loan production increase 11% to $1.53 billion, with income before tax up 23% to $45.0 million.
NVR, Inc. announced a $750 million share repurchase authorization without expiration date. The repurchase program aims to maximize shareholder value and prohibits purchasing from specific entities. NVR has 3,133,092 shares outstanding as of May 6, 2024.
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