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Jun 30, 2021
NVR Q2 2021 Earnings Report
Net income increased significantly due to strong homebuilding and mortgage banking performance.
Key Takeaways
NVR, Inc. reported a substantial increase in net income for the second quarter of 2021, driven by growth in both its homebuilding and mortgage banking segments. Consolidated revenues also saw a significant rise compared to the same period in the previous year.
Net income increased by 96% compared to Q2 2020, reaching $321.3 million.
Consolidated revenues grew by 41% to $2.28 billion.
Homebuilding revenues increased by 40% to $2.22 billion, with a gross profit margin increase to 22.6%.
Mortgage banking income before tax increased by 161% to $39.2 million.
NVR
NVR
NVR Revenue by Segment
NVR Revenue by Geographic Location
Revenue by Segment
Mortgage Banking Revenue
CapyFin.comRevenue by Geographic Location
Mid Atlantic Revenue
CapyFin.comNorth East Revenue
CapyFin.comMid East Revenue
CapyFin.comSouth East Revenue
CapyFin.com Forward Guidance
The company is unable to predict the extent to which COVID-19 will impact operational and financial performance.