NVR News and Press, NVR Inc. From 12/08/22

Summary Single-Family Rental REITs have uncharacteristically lagged this year- dipping by more than 30% - swept up by stiff headwinds across the housing industry from the historic surge in mortgage rates. While residential rent growth has moderated significantly over the past quarter fr...

NVR ( NYSE: NVR ) third-quarter earnings came in mixed on Tuesday as income from its homebuilding rose swiftly from the year-ago period, but its relatively smaller mortgage banking business saw downward pressure given a decrease in secondary market gains. The homebuilder...

Summary S&P 500 EPS growth for Q3 is set to come in at 1.5%, a slight increase from last week, but still at the lowest level since Q3 2020. The LERI improves to 85, doing an about-face and perhaps suggesting companies are not as uncertain in the short term. Peak earnings s...

NVR press release ( NYSE: NVR ): Q3 GAAP EPS of $118.51 misses by $0.15 . Revenue of $2.74B (+17.1% Y/Y) beats by $170M . New orders in the third quarter of 2022 decreased by 15% to 4,421 units, when compared to 5,201 units in the third quarter of 2021. Set...

NVR, INC. ANNOUNCES THIRD QUARTER RESULTS PR Newswire RESTON, Va. , Oct. 25, 2022 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its third quarter ended Septembe...

Summary With the latest index value of 38, the NAHB/Wells Fargo Housing Market Index is now nearly where it had been in May 2020 during the lockdown and below where it had been in February 2007, on the way down into Housing Bust 1. Traffic is a sign of interest among potential hom...

Summary With mortgage rates running higher unabated and mortgage demand decimated, homebuilder sentiment has continued to tank. As for the technical picture of homebuilder stocks, recent declines have been a bit healthier than the broader market. While homebuilder stocks have ...

Summary We believe NVR remains well-positioned when it comes to having communities in attractive locations and having affordable price points. NVR’s markets don’t necessarily have a strong positive correlation with what’s going on in the national housing marke...

Summary Ensemble Capital Management, LLC is based in Burlingame, California, midway between Silicon Valley and San Francisco. The firm offers customized portfolio management and philanthropic solutions with unparalleled client service. After three consecutive quarters of underperf...

“XHB” – the SPDR S&P Homebuilders ETF ended about 5.0% up on Wednesday even though the National Association of Realtors said pending home sales in the U.S. were down 2.0% last month. KeyBanc is now ‘overweight’ homebuilder stocks Housin...