Quarter ended June 30, 2026.
| Settlements | 5,058 (↓8%) |
| Revenue | $2.33B (↓10%) |
| Gross margin | 19.2% |
| Orders | 5,885 (↑9%) |
Commentary
NVR does not hold an earnings call. Orders and backlog both grew 9% while average price fell, so NVR is trading price for pace. Its land-light model means it is not stuck with land bought at peak prices.
Source: NVR 8-K.
