For the quarter to be reported, the Zacks Consensus Estimate for earnings per share (EPS) has remained stable at $121.65 over the past 60 days. The estimated figure indicates a rise of 4.4% from the year-ago quarter. NVR's second-quarter Homebuilding revenues (which accounted for 98.4% of 2023 total revenues) are expected to have increased from the year-ago level on improving demand trends. The upside is mainly backed by the low supply of existing homes and decreasing cancelation rates. Also, a strong busin ...

NVR Inc. (NYSE:NVR) was the first company I covered on Seeking Alpha. I initiated coverage in August 2023 with a "Buy" rating. Thomas Barwick/DigitalVision via Getty Images Investment Thesis The drivers of the business have not changed much since then. Although the stock has slightly underperformed the broader market, I believe the outlook remains positive. High mortgage rates have mixed effects, not solely negative, as the market perceives. Combined with factors such as the housing shortage, the business i ...

NVR (NVR) shares rallied 3% in the last trading session to close at $7,680.73. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.3% loss over the past four weeks. NVR has been benefiting from improving housing market demand and solid business model. This homebuilder is expected to post quarterly earnings of $121.65 per share in its upcoming report, which represents a year-over-year change of +4.4%. Revenues a ...

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RESTON, Va., May 7, 2024 /PRNewswire/ -- NVR, Inc. (NYSE: NVR) announced today that its Board of Directors has authorized the repurchase of up to an aggregate of $750 million of its outstanding common stock. The repurchase authorization does not have an expiration date. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The Company indicated that the authorization is a continuation of the stock repurchase program that began ...

Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from ____ to ____ Commission File Number: 1-12378 NVR, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

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Exhibit 99.1 NVR, INC. ANNOUNCES FIRST QUARTER RESULTS April 23, 2024, Reston, VA—NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its first quarter ended March 31, 2024 of $394.3 million, or $116.41 per diluted share. Net income and diluted earnings per share for the first quarter ended March 31, 2024 increased 14% and 17%, respectively, when compared to 2023 first quarter net income of $344.4 million, or $99.89 per diluted share. Cons ...

Backlog and Home Prices - The backlog totaled 10,229 units valued at approximately $4.8 billion as of December 31, 2023, compared to 9,162 units valued at approximately $4.3 billion as of December 31, 2022[20]. - The average price of homes in backlog decreased to $465,000 at December 31, 2023, down from $472,200 at December 31, 2022[20]. - The average price at which homes were settled in 2023 was $450,700, compared to $454,300 in 2022[18]. Loan Activity - NVRM closed approximately 15,900 loans with an aggregate principal amount of approximately $5.7 billion in 2023, compared to approximately 17,000 loans with an aggregate principal amount of approximately $6.3 billion in 2022[28]. - The cancellation rate was approximately 13% in 2023, compared to 14% in 2022 and 9% in 2021[20]. - The mortgage loans in process that had not closed totaled approximately $2.9 billion as of December 31, 2023, compared to approximately $2.5 billion as of December 31, 2022[28]. Employment and Operations - The company employs approximately 6,300 full-time employees as of December 31, 2023, down from approximately 6,550 employees as of December 31, 2022[32]. - The company utilizes independent subcontractors under fixed price contracts for construction work, ensuring no dependency on a small number of subcontractors[22]. - The company anticipates continued improvements in supply chains and construction cycle times following disruptions in 2021 and 2022[27]. Financial Metrics - Mortgage loans held for sale amount to $216,211,000 with an average interest rate of 6.5%[181]. - Interest-bearing deposits in the homebuilding segment total $3,085,220,000 with an average interest rate of 5.3%[181]. - Fixed rate obligations are recorded at $900,000,000 with an average interest rate of 3.0%[181]. - Forward loan commitments amount to $60,982,000[181]. - The fair value of forward trades of mortgage-backed securities is $(18,297,000)[181].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (State or other jurisdiction of incorporation or organization) Virginia 54-1394360 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 1-12378 NVR, Inc. (Exact name of registrant ...