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NYSE:NVR

NVR Q3 2024 Earnings Report

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$7,434.50 -244.91 (-3.19%)
Closing price 03:59 PM Eastern
Extended Trading
$7,431.27 -3.23 (-0.04%)
As of 05:46 PM Eastern
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NVR EPS Results

Actual EPS
$130.50
Consensus EPS
$131.00
Beat/Miss
Missed by -$0.50
One Year Ago EPS
$125.26

NVR Revenue Results

Actual Revenue
$2.68 billion
Expected Revenue
$2.71 billion
Beat/Miss
Missed by -$32.67 million
YoY Revenue Growth
+6.60%

NVR Announcement Details

Quarter
Q3 2024
Time
After Market Closes
Conference Call Date
Tuesday, October 22, 2024
Conference Call Time
7:00AM ET

NVR Earnings Headlines

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NVR price target raised to $9,200 from $9,000 at BofA
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NVR earnings beat by $2.97, revenue topped estimates
NVR beats Q3 expectations despite housing market slowdown
See More NVR Headlines
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About NVR

NVR (NYSE:NVR) is a leading U.S. homebuilder and mortgage banking and settlement services provider headquartered in Reston, Virginia. The company operates three primary homebuilding brands—Ryan Homes, NVHomes and Heartland Homes—to design, construct and sell single-family detached homes, townhomes and condominiums. Through its mortgage banking subsidiary, NVR Mortgage, and its title services subsidiary, Eagle Title, the company offers integrated financing and closing solutions intended to streamline the homebuying process.

Since its initial public offering in the mid-1980s, NVR has expanded from a regional builder into one of the nation’s largest residential construction firms. The company focuses on more than 30 markets along the East Coast, Midwest and Southeast, targeting fast-growing metropolitan areas and their suburbs. With a range of flexible floor plans and customizable interior and exterior options, NVR seeks to deliver quality homes that meet diverse consumer needs and price points.

NVR’s vertically integrated model combines land acquisition, home building, mortgage origination and title services under one corporate umbrella. By managing mortgage underwriting and title work in-house, the company aims to control costs, shorten closing timelines and enhance customer satisfaction. This approach supports a consistent operational framework and helps mitigate the risks associated with relying on external third parties.

Over more than four decades of operation, NVR has maintained disciplined land purchasing strategies, rigorous cost controls and a customer-centric focus. While residential real estate markets can be cyclical, the company’s broad geographic footprint, diversified product offerings and integrated services platform are designed to support sustainable growth and long-term performance in a dynamic industry environment.

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