Form 8-K · Current report
NVR, Inc. 8-K, filed Oct 22, 2026
- Filed
- CIK
- 0000906163
- Accession no.
- 0000906163-26-000099
Summary
NVR, Inc. reported third-quarter 2026 net income of $248.6 million, or $89.45 per diluted share, down 27% and 20% respectively from the prior-year quarter, on consolidated revenues of $2.40 billion. The company attributed a lower homebuilding gross margin of 18.3% to higher lot costs, pricing pressure from affordability challenges and weak consumer sentiment, and about $24.8 million of contract land deposit impairments.
Key points
- Third-quarter new orders fell 7% to 4,391 units and the average sales price of new orders fell 5% to $442,100, while the cancellation rate rose to 21% from 19%.
- Homebuilding revenue declined 8% to $2.35 billion and homebuilding income before tax fell 27% to $299.7 million.
- Mortgage banking income before tax rose 7% to $35.0 million even as closed loan production fell 10% to $1.38 billion.
- For the nine months ended September 30, 2026, revenues were $6.61 billion (down 13%) and net income was $683.4 million (down 30%).
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 October 22, 2026, NVR, Inc. issued a press release reporting its financial results for the quarter and year to date periods ended September 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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