NVR, Inc. (NVR)

The company now

NVR, the builder behind Ryan Homes, reported on 22 October that third-quarter net income fell 27 percent to $248.6 million 1. Revenue slipped to $2.40 billion from $2.61 billion as it handed over 5,268 homes, 7 percent fewer than a year earlier 1. Its gross profit margin, what is left of home revenue after building costs, fell to 18.3 percent from 21.0 percent 1.

The company blamed higher lot costs, pricing pressure from "continued affordability challenges and weak consumer sentiment", and about $24.8 million of write-downs on deposits for lots it may never take 1. New orders fell 7 percent to 4,391 homes, and the share of sales cancelled rose to 21 percent from 19 percent 1. That reverses the first half, when orders rose 7 percent in the first quarter and 9 percent in the second 65.

The backlog, homes sold but not yet handed over, held 10,121 homes worth $4.59 billion on 30 September, 10 percent more homes than a year earlier 1. The open question is how much of that backlog settles at today's thinner margins 1. Meanwhile NVR kept repurchasing its own shares, 37,088 of them in the quarter for $237.2 million 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.