{"schema_version":"secwatch.filing_event.v1","accession":"0000906163-26-000099","form_type":"8-K","ticker":"NVR","cik":"0000906163","company_name":"NVR INC","filed_at":"2026-10-22T16:07:27+00:00","discovered_at":"2026-10-22T16:08:00.213555+00:00","generated_at":"2026-10-22T16:08:06.301726+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"NVR Q3 net income falls 27% to $248.6M; gross margin drops to 18.3%","bullets":["Q3 net income $248.6M, or $89.45 per diluted share, down 27% and 20% YoY; revenue fell to $2.40B from $2.61B.","New orders fell 7% to 4,391 units; average new-order price dropped 5% to $442,100 and cancellation rate rose to 21% from 19%.","Settlements fell 7% to 5,268; average settlement price $445,900, down 2%; homebuilding revenue $2.35B, down 8%.","Gross margin narrowed to 18.3% from 21.0% on higher lot costs, affordability pressure and ~$24.8M contract land deposit impairments.","Backlog rose 10% to 10,121 units ($4.59B, +4%); mortgage closed-loan production fell 10% to $1.38B, but segment pretax income rose 7% to $35.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0000906163-26-000099","json":"https://secwatch.observer/filing/0000906163-26-000099.json","markdown":"https://secwatch.observer/filing/0000906163-26-000099.md","text":"https://secwatch.observer/filing/0000906163-26-000099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/906163/000090616326000099/0000906163-26-000099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/906163/000090616326000099/nvr-20261022.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-22T16:08:06.301726+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}