Form 8-K · Current report
NVR, Inc. 8-K, filed Jul 23, 2026
- Filed
- CIK
- 0000906163
- Accession no.
- 0000906163-26-000086
Summary
NVR, Inc. reported second-quarter 2026 net income of $236.5 million, or $83.96 per diluted share, down 29% and 23% respectively from a year earlier, on consolidated revenues of $2.33 billion. New orders increased 9% to 5,885 units even as homebuilding gross margin fell to 19.2% on higher lot costs, affordability-driven pricing pressure, and about $21.7 million of contract land deposit impairments.
Key points
- Q2 2026 net income fell 29% to $236.5 million and diluted EPS fell 23% to $83.96, with consolidated revenues of $2.33 billion versus $2.60 billion a year earlier.
- New orders rose 9% to 5,885 units while the average sales price of new orders fell 5% to $437,100 and the cancellation rate was 15%.
- Homebuilding gross profit margin dropped to 19.2% from 21.5%, which NVR attributed to higher lot costs, pricing pressure from affordability challenges and weak consumer sentiment, and about $21.7 million of contract land deposit impairments.
- Mortgage banking closed loan production fell 13% to $1.35 billion, and the segment's income before tax slipped to $25.4 million from $29.6 million.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On July 23, 2026, NVR, Inc. issued a press release reporting its financial results for the quarter and year to date periods ended June 30, 2026. A copy of this press release is furnished herewith as Exhibit 99.1. The information contained in this Current Report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. …
An excerpt of the text as filed with the SEC, cut for length.
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