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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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company is unable to predict the extent to which COVID-19 will impact operational and financial performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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