NVR Q3 net income $332M, EPS $86.44, up 33% YoY; revenue $2.4B, up 20%

NVR INC

2021-Q3 EPS reported $231.75 revenue$6,720,684,000

Diluted EPS $86.44 vs $65.11 in Q3 2020, increase of 33%.
Homebuilding new orders down 22% to 5,201 units; average price up 15% to $442k.
Homebuilding gross margin improved to 22.2% from 20.0%; segment income before tax up 47% to $395.1M.
Mortgage banking income before tax down 25% to $39.0M on lower secondary marketing gains.
Backlog dollars up 15% to $5.37B; settlements up 10% to 5,683 units.

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