UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 June 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 ____ NVR, Inc. Commission File Number: 1-12378 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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, 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 as specified in its charter) (State or other jurisdiction of incorporation or ...

Backlog and Home Prices - The backlog totaled 9,162 units valued at approximately $4.3 billion as of December 31, 2022, down from 12,730 units valued at approximately $5.8 billion a year earlier[20] - The average price of homes in backlog increased to $472,200 at December 31, 2022, compared to $454,200 at December 31, 2021[20] - The average price at which homes were settled in 2022 was $454,300, up from $403,900 in 2021[18] Loan Activity - NVRM closed approximately 17,000 loans with an aggregate principal amount of approximately $6.3 billion in 2022, compared to approximately 17,700 loans with an aggregate principal amount of approximately $6.1 billion in 2021[28] - NVRM's mortgage loans in process that had not closed totaled approximately $2.5 billion as of December 31, 2022, down from approximately $3.9 billion a year earlier[28] - Mortgage loans held for sale amount to $319,481,000 with an average interest rate of 5.6%[183] - Forward loan commitments stand at $11,300,000[183] Cancellation Rates - The cancellation rate for homes sold was 14.2% in 2022, compared to 9.2% in 2021 and 14.9% in 2020[20] Operational Insights - The company expects to settle substantially all of its December 31, 2022 backlog during 2023, subject to potential construction delays due to supply chain disruptions[20] - The company operates in four reportable homebuilding segments across various geographic regions, including the Mid Atlantic, North East, Mid East, and South East[19] - The company employs approximately 6,550 full-time employees as of December 31, 2022, a slight decrease from approximately 6,600 employees in the previous year[32] - The company utilizes independent subcontractors under fixed price contracts for construction work, ensuring a diverse supply chain[22] Financial Obligations - Interest-bearing deposits in the homebuilding segment total $2,453,692,000 with an average interest rate of 4.4%[183] - Fixed rate obligations are recorded at $900,000,000 with an average interest rate of 3.0%[183] - The fair value of forward trades of mortgage-backed securities is $(16,060,000)[183]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 September 30, 2022 OR (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Virginia 54-1394360 (I.R.S. Employer Identification No.) 11700 Plaza America Drive, Suite 500 Reston, Virginia 20190 (703) 956-4000 ☐ TRANSITION REPORT PURSUA ...

Financial Performance - Homebuilding revenues for the three months ended June 30, 2022, were $2,610,062 thousand, an increase of 17.4% compared to $2,224,560 thousand for the same period in 2021[15]. - Net income for the six months ended June 30, 2022, was $859,414 thousand, up 50.6% from $570,057 thousand for the same period in 2021[15]. - Basic earnings per share increased to $131.84 for the three months ended June 30, 2022, compared to $88.69 for the same period in 2021, reflecting a growth of 48.6%[15]. - Operating income for the six months ended June 30, 2022, was $1,086,490 thousand, an increase of 65.2% compared to $657,538 thousand for the same period in 2021[15]. - Total consolidated revenues for the three months ended June 30, 2022, were $2,658,943, an increase of 16.5% compared to $2,283,598 in the same period of 2021[68]. - Net income for Q2 2022 was $433,314, or $123.65 per diluted share, representing increases of 35% and 50% compared to Q2 2021[114]. - Homebuilding gross profit margin percentage increased to 26.3% in Q2 2022 from 22.6% in Q2 2021[114]. - Homebuilding consolidated income before taxes for Q2 2022 was $544,947, a 44% increase from $378,263 in Q2 2021[159]. Assets and Liabilities - Total assets decreased from $5,834,475 thousand as of December 31, 2021, to $5,287,699 thousand as of June 30, 2022, representing a decline of approximately 9.4%[9]. - Total liabilities decreased from $2,832,097 thousand as of December 31, 2021, to $2,296,033 thousand as of June 30, 2022, a reduction of approximately 18.9%[12]. - Cash and cash equivalents decreased from $2,809,782 thousand at the beginning of the period to $1,563,959 thousand at the end of the period, a decrease of 44.4%[18]. - Cash, restricted cash, and cash equivalents decreased by $1,073,025 during the six months ended June 30, 2022, ending the period at $1,563,959[17]. - The balance of shareholders' equity as of June 30, 2022, was $2,991,666, reflecting an increase from $3,002,378 at the end of 2021[57]. Customer Deposits and Contract Liabilities - The increase in customer deposits was $21,656 thousand for the six months ended June 30, 2022, compared to an increase of $124,685 thousand for the same period in 2021[18]. - As of June 30, 2022, the company had contract liabilities of $439,119, an increase from $417,463 as of December 31, 2021, indicating a growth in customer deposits[22]. - The company expects to recognize substantially all customer deposits held at December 31, 2021, in revenue during 2022[22]. Stock and Equity-Based Compensation - The company repurchased treasury stock amounting to $1,015,703 thousand during the six months ended June 30, 2022[18]. - The company repurchased 61,078 and 207,132 shares of common stock during the three and six months ended June 30, 2022, respectively[57]. - The weighted average number of shares outstanding used to calculate basic EPS for the three months ended June 30, 2022, was 3,286,574, down from 3,622,635 in 2021[41]. - The total unrecognized compensation cost for all outstanding options and RSUs as of June 30, 2022, was approximately $406,545, expected to be recognized over an average period of 2.8 years[54]. - Equity-based compensation costs recognized during the three and six months ended June 30, 2022, were $20,087 and $31,755, respectively, compared to $13,379 and $27,850 for the same periods in 2021[53]. Segment Performance - Total segment profit before taxes for the six months ended June 30, 2022, was $1,065,622, representing a 55.7% increase from $684,631 in the same period of 2021[68]. - Homebuilding profit before tax for the Mid Atlantic segment increased to $251,739 for the three months ended June 30, 2022, up 44.3% from $174,481 in 2021[68]. - The North East segment saw a segment profit increase of approximately $19,800, or 92%, in Q2 2022 compared to Q2 2021, with revenues increasing by approximately $44,100, or 23%[144]. - The South East segment reported a segment profit increase of approximately $71,900, or 91%, in Q2 2022 compared to Q2 2021, with revenues rising by approximately $138,600, or 27%[153]. New Orders and Sales - New orders decreased by 16% in Q2 2022 compared to Q2 2021, with an average sales price for new orders of $471.6, a 7% increase[114]. - The average settlement price in Q2 2022 was $448.4, a 14% increase compared to Q2 2021[115]. - The cancellation rate for new orders was approximately 12% in the first six months of 2022, up from 9% in the same period in 2021[125]. - The average sales price of new orders increased by 10% during the six-month period ended June 30, 2022, compared to the same period in 2021[124]. Mortgage Banking - Mortgage banking income for the three months ended June 30, 2022, was $29,065 thousand, down 25.8% from $39,202 thousand for the same period in 2021[15]. - Segment profit for mortgage banking decreased by approximately $11,600, or 29%, in Q2 2022 compared to Q2 2021[162]. - The mortgage banking capture rate for Q2 2022 was 84%, down from 89% in Q2 2021[161]. Other Financial Metrics - The effective tax rate for the three months ended June 30, 2022, was 24.5%, compared to 23.0% for the same period in 2021[99]. - The corporate capital allocation charge for the total segments was $77,512 for the three months ended June 30, 2022, compared to $63,032 in 2021, an increase of 23.0%[71]. - The company recorded unrealized losses from the change in fair value measurements, impacting future earnings due to servicing rights and interest rate movements[85].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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, 2022 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 as specified in its charter) (State or other jurisdiction of incorporation or ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________ FORM 10-K _____________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 1-1237 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 September 30, 2021 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 as specified in its charter) (State or other jurisdiction of incorporatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 June 30, 2021 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 (State or other jurisdiction of incorporation or organization) Virginia 54-1394360 (I.R.S. Employer Identification ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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, 2021 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 as specified in its charter) (State or other jurisdiction of incorporation or ...