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    NVR Inc (NVR)

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    NVR, Inc. is a company that operates primarily in the homebuilding and mortgage banking sectors. The homebuilding segment constructs and sells single-family detached homes, townhomes, and condominium buildings under the trade names Ryan Homes, NVHomes, and Heartland Homes, targeting various buyer demographics . The company operates in thirty-six metropolitan areas across sixteen states and Washington, D.C. . The mortgage banking segment, through NVR Mortgage Finance, Inc. (NVRM), provides mortgage-related services primarily to NVR's homebuyers .

    1. Homebuilding - Constructs and sells single-family detached homes, townhomes, and condominium buildings under the trade names Ryan Homes, NVHomes, and Heartland Homes. Ryan Homes targets first-time and first-time move-up buyers, while NVHomes and Heartland Homes cater to move-up and luxury buyers .
      • Mid Atlantic - Contributes to the company's revenue through homebuilding operations in this geographic region .
      • North East - Engages in homebuilding activities, adding to the company's overall revenue .
      • Mid East - Participates in homebuilding, supporting the company's revenue generation .
      • South East - Involved in homebuilding, contributing to the company's revenue .
    2. Mortgage Banking - Provides mortgage-related services primarily to NVR's homebuyers, generating revenue from origination fees, gains on sales of loans, and title fees .
    NamePositionStart DateShort Bio
    Paul C. SavilleExecutive Chairman of the BoardMay 4, 2022Paul C. Saville has been the Executive Chairman of the Board at NVR since May 4, 2022. He was previously the President and CEO from July 1, 2005, to May 3, 2022. He has been with NVR since 1981 .
    Eugene J. BredowPresident and Chief Executive OfficerMay 4, 2022Eugene J. Bredow has been the President and CEO of NVR since May 4, 2022. He was President of NVR Mortgage from April 1, 2019, to May 3, 2022, and has been with NVR since 2004 .
    Daniel D. MalzahnSenior Vice President, Chief Financial Officer and TreasurerFebruary 20, 2013Daniel D. Malzahn has been with NVR since 1994. He became Senior Vice President in February 2016 and has served as CFO and Treasurer since February 20, 2013 .
    Matthew B. KelpyVice President and Chief Accounting OfficerMarch 1, 2018Matthew B. Kelpy has been the Vice President and Chief Accounting Officer of NVR since March 1, 2018. He also serves as Vice President and Controller since joining NVR in 2017 .
    Program DetailsProgram 1Program 2
    Approval DateFebruary 14, 2024 May 7, 2024
    End Date/DurationFully utilized by September 2024 No expiration date specified
    Total additional amount$750 million $750 million
    Remaining authorization$0 $682.5 million
    DetailsFully utilized Ongoing, part of strategy to increase shareholder value