NVR (NYSE: NVR) Q1 2026 earnings: net income down 34% on softer margins
NVR, Inc. reported a significant decline in its first-quarter 2026 financial results, with net income falling 34% to $198.4 million and consolidated revenues decreasing 22% to $1.88 billion. The downturn was attributed to softer homebuilding margins, impacted by pricing pressure and higher lot costs, despite an increase in new orders. Mortgage banking income also saw a decline, reflecting a decrease in closed loan production.
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