NVR Q3 net income falls 20% to $342.7M; new orders drop 16%

NVR INC

2025-Q3 EPS reported $315.33 revenue$7,611,351,000

Diluted EPS of $112.33, down 14% from $130.50 in Q3 2024.
Consolidated revenue $2.61B, down 4% from $2.73B.
Homebuilding new orders fell 16% to 4,735 units; cancellation rate rose to 19%.
Homebuilding gross margin declined to 21.0% from 23.4%, hurt by higher lot costs.
Backlog units down 19% to 9,165; mortgage loan production down 7% to $1.54B.

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