NVR, Inc. is an American homebuilding and mortgage banking company headquartered in Reston, Virginia. It was founded in 1980 by Dwight Schar, Paul Saville, and William A. Laverack. NVR operates in two primary business segments: homebuilding and mortgage banking.
In the homebuilding segment, NVR constructs and sells single-family detached homes, townhomes, and condominiums under its various brand names, including Ryan Homes, NVHomes, and Heartland Homes. The company primarily focuses on serving first-time and first-time move-up buyers. NVR has built a reputation for delivering quality homes with attention to detail and customer satisfaction.
NVR is also involved in the mortgage banking business through its subsidiary, NVR Mortgage. The company provides mortgage-related services to its homebuyers, including loan origination, underwriting, and loan servicing. This vertical integration allows NVR to streamline the homebuying process and provide financing options to its customers. The company operates on a decentralized management structure, allowing its regional divisions to have autonomy in decision-making and tailoring their offerings to local market needs. This approach has contributed to NVR's success in achieving operational efficiency and profitability.
NVR is listed on the New York Stock Exchange (NYSE) under the ticker symbol NVR. It is a component of various market indices, including the S&P 500. The company has a strong presence in the residential construction industry and has consistently been recognized as one of the top homebuilders in the United States.