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0:00 / 0:00I. Business Overview and Strategy
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NVR Inc. Reports 10% Revenue Decline to $9.3B but 13% New Orders Surge

NVR10-KFiling Date: 2/14/2024
NVR, Inc.
Description

What this story covers

NVR Inc.'s 2023 10-K reveals homebuilding revenues down 10 percent to 9 point 3 billion dollars, yet new orders rose 13 percent and backlog grew 12 percent. Mortgage profits increased 10 percent to 138 million dollars with 87 percent capture rate. Strong liquidity at 3 point 1 billion dollars cash supports operations, while risks from rates and supply persist. Focus on low-risk lot strategy maintains efficiency.

Story snapshot

CompanyNVR, Inc.
TickerNVR
VariantStandard detailed
Duration11:24
Filing type10-K
PeriodAnnual 2023
IndustryReal Estate & Construction
Accession0000906163-24-000033

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