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 .
- 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 .
- Mortgage Banking - Provides mortgage-related services primarily to NVR's homebuyers, generating revenue from origination fees, gains on sales of loans, and title fees .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Eugene J. Bredow ExecutiveBoard | President and CEO | None | Joined NVR in 2004. Former President of NVR Mortgage (2019-2022) and Chief Accounting Officer (2016-2018). Became CEO on May 4, 2022. | View Report → |
Daniel D. Malzahn Executive | SVP, CFO, and Treasurer | None | Joined NVR in 1994. CFO and Treasurer since 2013. Promoted to SVP in 2016. | |
Matthew B. Kelpy Executive | VP and Chief Accounting Officer | None | Joined NVR in 2017 as VP and Controller. Became Chief Accounting Officer in 2018. | |
C. E. Andrews Board | Director | Board Member at Marriott Vacations Worldwide | Director at NVR since 2008. Former CEO of MorganFranklin Consulting and President of RSM McGladrey. Extensive experience in financial and accounting management. | |
Paul C. Saville Board | Executive Chairman of the Board | None | Joined NVR in 1981. Former CEO (2005-2022). Extensive experience in homebuilding, financial management, and restructuring. | |
Sallie B. Bailey Board | Director | Board Member at The Azek Company and L3Harris | Director at NVR since 2020. Former CFO of Louisiana-Pacific Corporation and Ferro Corporation. Extensive experience in financial leadership. | |
Thomas D. Eckert Board | Director | Board Member at Park Hotels & Resorts | Director at NVR since 2011. Extensive experience in homebuilding, real estate, and public company board service. Former board member of Chesapeake Lodging Trust. |
Research analysts covering NVR.
Recent press releases and 8-K filings for NVR.
- Board authorized repurchase of up to $750 million of common stock with no expiration date.
- Repurchases will occur in the open market and/or through privately negotiated transactions as market conditions permit.
- This continues the stock repurchase program launched in 1994, aligned with NVR’s strategy of maximizing shareholder value.
- Authorization prohibits purchases from the company’s officers, directors or its Profit Sharing/401(k) and ESOP trusts.
- As of August 7, 2025, NVR had 2,872,926 shares of common stock outstanding.
- NVR reported Q2 net income of $333.7 million and diluted EPS of $108.54, declines of 17% and 10% respectively versus Q2 2024; consolidated revenue was $2.60 billion, essentially flat year-over-year.
- For the six months ended June 30, 2025, revenue rose 1% to $5.00 billion, while net income fell 20% to $633.3 million and diluted EPS dropped 14% to $203.20.
- Homebuilding new orders fell 11% to 5,379 units with an average sales price of $458,100; backlog units decreased 13% to 10,069 units (dollar backlog $4.75 billion).
- Mortgage banking loan production rose 2% to $1.56 billion, but segment pre-tax income declined 34% to $29.6 million, primarily due to lower secondary marketing gains.
- NVR, Inc. has been authorized by its Board of Directors to repurchase up to $750 million of its outstanding common stock, with no set expiration date.
- The repurchase program will proceed in the open market or via privately negotiated transactions, excluding shares held by officers, directors, and certain employee plans.
- As of May 5, 2025, the company had 2,924,012 shares outstanding, reflecting its current capital structure.
- Net income for Q1 2025 fell 24% to $299.6 million with diluted earnings at $94.83 compared to Q1 2024 levels, indicating a notable decline (documents ).
- Consolidated revenues increased by 3% to $2.40 billion in Q1 2025, reflecting modest growth in the period (documents ).
- The homebuilding segment experienced a 12% decrease in new orders and a slight drop in average sales price, alongside a decrease in the gross profit margin from 24.5% to 21.9% (documents ).
- On March 11, 2025, NVR Inc entered into a Second Amended and Restated Credit Agreement featuring a five-year, $300 million senior unsecured revolving credit facility with an uncommitted accordion feature that could increase the aggregate commitment to $600 million and includes a $100 million sublimit for letters of credit.
- The new agreement extends the maturity date from February 11, 2026 to March 11, 2030 and maintains key financial covenants, continuing the terms of its previous credit agreement.