---
schema_version: "secwatch.filing_event.v1"
accession: "0000906163-23-000096"
form_type: "8-K"
ticker: "NVR"
cik: "0000906163"
company_name: "NVR INC"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:49:34.956069+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NVR Q2 net income down 7%; revenue down 12% to $2.34B

## Summary
- Diluted EPS $116.54 vs $123.65 prior year; net income $404M, down 7%.
- Consolidated revenue $2.34B, down 12% from $2.66B; homebuilding revenue down 13%.
- New orders rose 27% to 5,905 units; avg sales price fell 5% to $447,300.
- Homebuilding gross margin 24.3% vs 26.3% prior; settlements down 13% to 5,085 units.
- Mortgage banking pretax income up 25% to $36.5M.

## SEC filing metadata
- accession: 0000906163-23-000096
- form_type: 8-K
- ticker: NVR
- cik: 0000906163
- company_name: NVR INC
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906163/000090616323000096/0000906163-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906163/000090616323000096/nvr-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000906163-23-000096
- JSON: https://secwatch.observer/filing/0000906163-23-000096.json
- Plain text: https://secwatch.observer/filing/0000906163-23-000096.txt

## Key facts
- Earnings Releases
  NVR INC reported six months ended June 30, 2023 results: revenue $4.52 billion, net income $748.4 million, EPS $216.52.
  - Period: six months ended June 30, 2023
  - Revenue: $4.52 billion
  - Net income: $748.4 million
  - EPS: $216.52
  - Result: reported results
  source text: For the six months ended June 30, 2023, consolidated revenues were $4.52 billion, a 10% decrease from $5.04 billion reported in 2022. Net income for the six months ended June 30, 2023 was $748.4 million, a decrease of 13% when compared to net income for the six months ended June 30, 2022 of $859.4 million. Diluted earnings per share for the six months ended June 30, 2023 was $216.52, a decrease of 10% from $240.05 per diluted share for 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/906163/000090616323000096/0000906163-23-000096-index.htm
- Earnings Releases
  NVR INC reported second quarter ended June 30, 2023 results: revenue $2.34 billion, net income $404.0 million, EPS $116.54.
  - Period: second quarter ended June 30, 2023
  - Revenue: $2.34 billion
  - Net income: $404.0 million
  - EPS: $116.54
  - Result: reported results
  source text: NVR, Inc. (NYSE: NVR) , one of the nation’s largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2023 of $404.0 million, or $116.54 per diluted share. Net income and diluted earnings per share for the second quarter ended June 30, 2023 decreased 7% and 6%, respectively, when compared to 2022 second quarter net income of $433.3 million, or $123.65 per diluted share. Consolidated revenues for the second quarter of 2023 totaled $2.34 billion, which decreased 12% from $2.66 billion in the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/906163/000090616323000096/0000906163-23-000096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.