NVR, Inc. (NVR)’s First-quarter Profit Drops

NVR, Inc. (NYSE:NVR) is one of the

10 Best Housing Stocks to Buy in 2026.

On April 22, 2026, Reuters reported that NVR, Inc. (NYSE:NVR) reduced profit and revenue in the first quarter of 2026 because of the rising costs and economic uncertainties that weighed on demand. Shares tumbled 6% in morning trading.

The corporation also noted that overall settlements fell 22% year on year to 4,015 units, citing a smaller backlog entering the quarter. The firm reported a homebuilding gross margin of 19.6%, which was down from 21.9%. This was because of pricing pressure and higher lot costs.

NVR, Inc. (NYSE:NVR) pointed out that the average sales price of new orders fell 2% to $440,100 in the quarter ended March 31.

As per the LSEG data, it reported consolidated revenue of $1.88 billion, a 22% decrease, despite exceeding analysts’ expectations of $1.84 billion. The firm’s quarterly profit dropped 29% to $67.76 per share.

NVR, Inc. (NYSE:NVR) is a construction firm. It also sells single-family detached homes, townhomes, and condominium buildings. It operates in four geographical segments: the Mid Atlantic, the Northeast, the Middle East, and the Southeast.

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