NVR - NVR: Not As Cyclical As You'd Think
2024-05-29 08:10:16 ET
Summary
- NVR, Inc. is a homebuilder operating in 36 metropolitan areas across 16 U.S. states.
- The company operates under three different banners: Ryan Homes, NVHomes, and Heartland Homes, targeting different markets and offering various types of homes.
- NVR's asset-light operating model and strategic purchasing of finished building lots give the company flexibility, reduce risk, and boost return on capital.
- The company isn't as cyclical as you'd think. It has a history of growth and compounding, making it deserving of its premium valuation.
Introduction
If you’ve never heard of NVR, Inc. ( NVR ), the company is a homebuilder headquartered in Reston, Virginia, and operates in 36 metropolitan areas across sixteen U.S. states. As a homebuilder, it primarily focuses on single-family detached homes, townhouses, and condominiums....
NVR: Not As Cyclical As You'd Think