NVR, Inc. Reports First Quarter 2026 Financial Results
NVR, Inc. reported a 34% decline in net income and a 29% drop in diluted earnings per share for the first quarter of 2026 compared to the same period in 2025. Consolidated revenues fell 22% year-over-year to $1.88 billion, with homebuilding revenues also declining by 22% to $1.83 billion. The company noted a 2% decrease in the average sales price of new orders and a 15% lower backlog balance contributing to the decline in settlements.
Tickers: $NVR
Topics: earnings financial results homebuilding mortgage banking net income revenue