NVR reports Q3 net income down 27% amid lower home sales and pricing pressures

NVR, Inc. reported a 27% decline in net income to $248.6 million for Q3 2026, driven by a 7% drop in new home orders and a 5% decrease in average sales price amid affordability challenges. Revenues fell 8% to $2.35 billion, with a gross profit margin decline due to higher costs and contract land deposit impairments. Mortgage banking income rose 7% despite a 10% drop in loan production. The company’s backlog of homes sold but not settled increased 10% in units, signaling some future revenue stability.

As of Oct 22, 2026 20:11 WIB, NVR Inc. shares are trading at USD 5,699.99 on Pluang, down 3.39% in the last day. The stock's market capitalization stands at $15.72 billion, reflecting investor reactions to the company's third quarter results. Trading volume is moderate at 43,930 shares, with a typical hold time of 7 days on the platform.