secwatch.observer — SEC 8-K summary
======================================

Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2026-07-23T17:54:44+00:00
Accession:  0000906163-26-000086
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 29% to $236.5M; EPS $83.96 vs $108.54 YoY
----------------------------------------------------------------

- Net income $236.5M ($83.96 diluted EPS) vs $333.7M ($108.54) in Q2 2025, decreases of 29% and 23%.
- Consolidated revenues $2.33B, down 10% from $2.60B; homebuilding revenues $2.28B, down 11%.
- New orders up 9% to 5,885 units; avg sales price down 5% to $437,100; settlements down 8% to 5,058 units.
- Homebuilding gross margin fell to 19.2% from 21.5%, hit by higher lot costs, pricing pressure, and $21.7M land deposit impairments.
- Mortgage banking income before tax $25.4M, down 14%; closed loan production $1.35B, down 13%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616326000086/0000906163-26-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616326000086/nvr-20260723.htm
  HTML page:      https://secwatch.observer/filing/0000906163-26-000086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer