Virginia-based NVR, Inc. is one of America’s leading homebuilders. As a company operating under two distinct business segments, homebuilding and mortgage banking, NVR, Inc. builds and sells homes as Heartland Homes, NVHomes, and Ryan Homes. They serve homebuyers in 31 metropolitan areas across 14 states, as well as Washington, D.C.
What started in 1948 as a small, family-run business providing housing in the expanding post-war economy of Pittsburgh, Pa., exists today as one of the top builders in the nation. And since that time, Ryan Homes has constructed more than 390,000 homes. Today, Ryan Homes offers housing styles to suit a wide range of consumers needs, including single-family, townhouse or garden condominium.
The NVHomes arm of NRV, Inc. offers homeowners additional options for their new home. Their tasteful architectural and designer details are tailor-made to suit even the most discriminating of tastes. Established in 1980, NVHomes has since earned a reputation for luxury, quality, and value throughout its communities across the Eastern seaboard.
Heartland Homes, the youngest of NVR’s three homebuilding branches, was created in 1984 with the express purpose of offering the highest quality in luxury homes at the most affordable of prices. In creating these homes, approaches each as an opportunity to provide a customer-friendly experience, personalizing each, while still keeping things simple. Heartland offers single-family, townhome, and villa style homes in Western Pennsylvania and West Virginia.
Recently, NVR announced its fourth quarter results for 2017, ending on December 31, 2017 with a net income of $124,619,000. Overall, NVR has been doing as well as expected for one of the nation’s leading homebuilders. For the fiscal year of 2017, their consolidated revenues were $6,305,840,000, an 8 percent increase from 2016. Net income also increased to $537,521,000, an increase of 26 percent from 2016.
As for homebuilding, new home orders increased by 18 percent to 4,306 units in the fourth quarter of 2017. The average price of new NVR homes in the fourth quarter of 2017 was $380,800, a decrease of 4 percent when compared to those sold in 2016. This decrease in selling price, while seemingly not in line with their profits, is less a reflected by an overall shift in the homebuilding industry towards lower-priced markets and products.
For more information, visit http://nvrinc.com.