NVR, Inc. (NVR)

In the past six months, NVR's stock price has experienced fluctuations. As of June 18, 2025, the share price was $6,979.67, representing a decline of 7.12% from June 20, 2024, when it was $7,514.88. The stock reached its all-time high on October 17, 2024, at $9,964.77. More recently, NVR's stock price has risen by 5.33% compared to the previous week and 2.47% over the last month as of February 13, 2025. For the fourth quarter of 2023, consolidated revenues decreased by 2% compared to the fourth quarter of 2022, and net income for the full year 2023 decreased by 8% compared to 2022. However, new orders in the fourth quarter of 2023 increased by 25%. On May 6, 2025, NVR, Inc. announced the approval of a $750 million share repurchase program.

The demand for NVR, Inc.'s products and services is subject to seasonality, which is characteristic of the broader housing industry. Historically, NVR experiences a higher volume of sales contracts during the first and second quarters of the year. The company's business and earnings are also dependent on the ability of potential customers to secure mortgage financing and, for many, to sell their existing homes. Tightening credit standards or limited availability of suitable mortgage financing can impair affordability, lower demand, and increase cancellation rates.

NVR, Inc. is a prominent American homebuilding company that also operates in the mortgage banking and title services sectors. Founded in 1980 and headquartered in Reston, Virginia, NVR functions through its subsidiaries, including its well-known homebuilding brands: Ryan Homes, NVHomes, and Heartland Homes. The company's primary business involves the construction and sale of various residential properties, such as single-family detached homes, townhomes, and condominium buildings. Ryan Homes products are typically marketed to first-time and first-time move-up buyers, while NVHomes and Heartland Homes cater to move-up and luxury buyers. Beyond home construction, NVR provides essential mortgage financing and title services to its homebuyers through its wholly-owned subsidiary, NVR Mortgage Finance, Inc. (NVRM), and NVR Settlement Services. NVR operates within the Consumer Cyclicals sector, specifically in the Homebuilding & Construction Supplies industry.

NVR, Inc. has a significant geographic presence across the eastern United States. The company operates in 35 to 36 metropolitan areas spanning 15 to 16 states, including Maryland, Virginia, West Virginia, Delaware, New Jersey, Eastern Pennsylvania, New York, Ohio, Western Pennsylvania, Indiana, Illinois, North Carolina, Georgia, Kentucky, South Carolina, Florida, and Tennessee, as well as Washington, D.C. Its operations are primarily concentrated in the Mid-Atlantic, Northeast, Mid-East, and Southeast regions.

In the past year, NVR's brand reputation, particularly through its Ryan Homes brand, has faced some negative feedback from customers. Customers reported issues with sales representatives' incompetence and lack of professionalism, deceptive customer service practices once deposits were received, and a perceived indifference to customer care. There were also complaints regarding poor build quality, with homeowners needing to hire independent inspectors to identify numerous construction mistakes, suggesting a lack of quality control. Furthermore, some customers claimed that the final appearance of their homes differed significantly from what was presented in brochures, leading to accusations of misrepresentation.

NVR, Inc. is predominantly owned by institutional shareholders, who hold approximately 85.47% of the company's stock. Insiders own about 14.64%, while retail investors hold a very small percentage. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Key individual owners (insiders) include Paul C. Saville, the largest individual shareholder, William J. Inman, and Dwight C. Schar.