secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0000906163-25-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NVR Q2 net income down 17% to $333.7M; orders fall 11% as affordability pressures mount
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- Diluted EPS $108.54 vs $120.69 YoY; net income $333.7M, down 17% from $400.9M.
- New orders 5,379 units (-11%); cancellation rate rose to 17% from 13%.
- Homebuilding gross margin 21.5% vs 23.6% on higher lot costs, pricing pressure, and $13.2M land deposit impairments.
- Mortgage banking pretax income $29.6M, down 34% due to lower secondary marketing gains.
- Backlog units down 13% to 10,069; backlog dollar value $4.75B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616325000080/0000906163-25-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616325000080/nvr-20250723.htm
  HTML page:      https://secwatch.observer/filing/0000906163-25-000080

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