NVR, Inc.
name
NVR, Inc.
id
NVR
summary
NVR, Inc. is a home construction company headquartered in Reston, Virginia, engaging in the construction of homes and operation of a mortgage banking and title services business. It operates primarily on the East Coast of the United States across 14 states and Washington, D.C. The company operates under the Ryan Homes, NVHomes, and Heartland Homes brands, focusing on acquiring finished land lots ready for building to mitigate risk. As of 2023, it is the 4th largest home construction company in the U.S. based on the number of homes closed and is ranked 389th on the 2022 Fortune 500. The stock price of NVR is the second most expensive on U.S. exchanges, trailing only behind Berkshire Hathaway's Class A shares. Founded in 1980 by Dwight Schar as NVHomes, Inc., the company has a history of acquisitions and growth, including the acquisition of Ryan Homes in 1986 and Heartland Homes in 2012, and was added to the S&P 500 in 2019. It faced a lawsuit in 2010 by the Attorney General of Delaware for not providing promised amenities in a development, which was settled by agreeing to complete the development of the amenities.
founded
1980
founder
Dwight Schar
headquarters
Reston, Virginia, U.S.
key_people
Paul Saville, Chairman; Eugene Bredow, CEO
revenue
10,526,434,000 United States dollar (2022)
net_income
US$1.24 billion (2021)
total_assets
US$5.83 billion (2021)
total_equity
US$3.00 billion (2021)
number_of_employees
6,600 (2021)
website
www.nvrinc.com