NVR Stock Down on Q2 Earnings Miss, Homebuilding Revenues Top

The upside was backed by improved demand trends, which resulted in higher settlements. Although the cancellation rate increased during the quarter, growth in new orders and increased average selling price ("ASP") of new orders are encouraging for the company's prospects. Inside the Numbers Homebuilding: The segment's revenues of $2.55 billion grew 12% from the year-ago quarter. Settlements in the quarter were up 11% year over year to 5,659 units. Our model predicted settlements to increase 8% year over year ...