NVR, Inc.Reston, VA, United States (NYSE: NVR)

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NVR Company Description

From finished lot to signed mortgage, NVR offers homebuyers everything -- including the kitchen sink. The company builds single-family detached homes, townhomes, and condominiums, mainly for first-time and move-up buyers primarily in the eastern US. NVR markets its homes as Ryan Homes, Fox Ridge Homes, Rymarc Homes, and NVHomes. Its largest markets, the Washington, DC, and Baltimore areas, account for about 45% of sales. NVR sells about 15,000 homes annually. Sizes range from 900 sq. ft. to 7,300 sq. ft., and prices range from $60,000 to $2.5 million, averaging about $338,000. Subsidiary NVR Mortgage Finance offers mortgage and title services to its customers. It is about the 10th largest homebuilder in the US.

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The Company Description provides a historical perspective of NVR's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of NVR's evolution in the marketplace.

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