NVR
Berkshire Hathaway Bets $6.8 Billion on Taylor Morrison Amid Housing Slump
Berkshire Hathaway completed its $6.8 billion acquisition of Taylor Morrison in July at $72.50 per share, adding a major homebuilding operation alongside its existing Clayton Properties Group businesses. Under CEO Greg Abel, Berkshire was a net buyer of $19.8 billion in stocks in the second quarter, purchasing $23.5 billion and selling $3.7 billion, while its cash and Treasury holdings fell to $364.7 billion from $397.4 billion. The company also initiated a position in D.R. Horton, increased its Lennar stake by nearly 30%, and maintained its NVR investment. Builder sentiment has remained below 40 for 16 straight months, with the National Association of Home Builders/Wells Fargo Housing Market Index at 35 in August, and single-family housing starts fell 9.9% in July to a 3.5-year low. Berkshire previously bought and sold its entire D.R. Horton position within months in 2023, making the current housing push harder to read as a long-term conviction bet.
24/7 Wall St.·7dRead more ▾
NVR▼
NVR Misses Q2 Estimates While Installed Building Products Leads Home Builders
NVR reported second-quarter revenues of $2.33 billion, down 10.5% year over year and 3.9% below analyst expectations, making it the weakest performer among the nine home builders tracked. Installed Building Products delivered the biggest beat, with revenues of $777.8 million, up 2.3% year over year and 4.4% above estimates. Lennar's revenues fell 5.2% to $7.94 billion, missing estimates by 2.4%, while LGI Homes grew revenues 3.7% to $501.5 million, beating by 2.9%. D.R. Horton posted flat revenues of $9.23 billion, in line with expectations, but issued full-year revenue guidance that significantly missed analyst forecasts.
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NVR▼impact 4
NVR and Champion Homes Stocks Fall as 10-Year Treasury Yield Hits 2026 High
Shares of home builders NVR and Champion Homes declined in afternoon trading after the 10-year Treasury yield surged to a 2026 high of 4.71%, stoking fears of rising mortgage rates and reduced homebuyer demand. NVR fell 4.6% and Champion Homes dropped 2.8% as the spike in bond yields was triggered by escalating Middle East tensions, including overnight attacks on Saudi tankers in the Red Sea, which sent crude oil prices above $90 per barrel and reignited inflation fears. The likelihood of a Federal Reserve rate hike jumped to 38%, driving borrowing costs higher and shifting the entire U.S. Treasury yield curve upward. NVR is now down 15.5% year-to-date and trading 28% below its 52-week high of $8,543 from September 2025.
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NVR▼
NVR Expected to Report Lower Q2 Earnings Amid Soft Housing Demand
NVR is expected to report lower earnings for the second quarter of 2026, with the Zacks Consensus Estimate for EPS at $95.80, down 11.74% from $108.54 a year ago. Homebuilding revenues, which accounted for 97.8% of total revenues in 2025, are projected to decline 5.5% year over year to $2.41 billion, driven by elevated mortgage rates and affordability challenges that have moderated buyer demand. Total settlements are anticipated to decrease 6.7% to 5,107 units, while new orders are expected to edge up 0.8% to 5,421 units. The homebuilding gross margin is forecast to contract 320 basis points to 18.3%, pressured by higher sales incentives and rising construction costs. NVR carries a Zacks Rank of 3 and an Earnings ESP of 0.00%, indicating no clear signal for an earnings beat.
Zacks Investment Research·37dRead more ▾
NVR▼
Mortgage Rates Rise to 6.49%, Pressuring Homebuilder Stocks
The 30-year fixed mortgage rate rose to 6.49% this week, according to Freddie Mac, up from below 6% in February. The increase follows a jump in the 10-year Treasury yield, driven by geopolitical tensions and inflation concerns. Home prices hit a record median of $440,600 in June, further straining affordability. Major homebuilder stocks including Lennar, D.R. Horton, PulteGroup, and NVR have all declined over the past week. Goldman Sachs estimates a shortage of 3 million to 4 million homes, and while new legislation aims to ease land-use restrictions, relief is unlikely until mortgage rates fall.
The Motley Fool·44dRead more ▾
NVR▼
StockStory flags Ollie's, Northrop Grumman, and NVR as profitable but risky
StockStory highlights three profitable companies that it approaches with caution: Ollie's Bargain Outlet, Northrop Grumman, and NVR. Ollie's, with a trailing 12-month GAAP operating margin of 11.4%, shows subscale operations at $2.73 billion in revenue, flat operating margin, and a 9.2% return on capital. Northrop Grumman, at an 11.6% margin, has seen annual sales growth of just 2.6% over five years, with projected 12-month growth of 5.4% and EPS rising only 3.1% annually. NVR, despite a 15.5% margin, faces stagnating sales, a 7.5% annual EPS decline over two years, and waning returns on capital. The firm suggests investors consider alternatives.
StockStory·44dRead more ▾
NVR▼
NVR, Inc. Faces Cyclical Pressure But Retains Long-Term Bullish Thesis
A bullish thesis on NVR, Inc. argues the homebuilder remains a best-in-class compounder despite cyclical headwinds. The stock traded at $6,643.73 as of July 1st, approximately 34.6% below its all-time high of $9,924.40, with trailing and forward P/E ratios of 16.64 and 16.29 respectively. NVR's asset-light model, relying on land option contracts, generates a 34.7% return on equity and mid-40% returns on invested capital, while a debt-to-equity ratio of 0.28x and over $1.7 billion in cash provide financial flexibility. The company continues its long-standing share repurchase strategy with a newly authorized $750 million buyback program, though first-quarter 2026 earnings missed expectations and gross margins compressed to 19.6% amid first-time homebuyer weakness.
StockCompass·54dRead more ▾
NVR▼
NVR Q2 2026 Earnings Preview: EPS Expected to Drop 11.7%
NVR, Inc. is set to report its second quarter 2026 earnings, with analysts forecasting diluted earnings per share of $95.80, an 11.7% decline from $108.54 in the same quarter last year. The company has beaten or matched Wall Street's EPS estimates in three of the past four quarters, missing once. For the full fiscal year 2026, analysts project EPS of $372.53, up 14.7% from $436.55 in fiscal 2025, and expect a further 15.6% rise to $430.60 in fiscal 2027. NVR's stock has fallen 6.2% over the past 52 weeks, underperforming the S&P 500's 19.8% gain and the State Street Consumer Discretionary Select Sector SPDR ETF's 6.4% return. Following its first quarter 2026 earnings release on April 22, the stock dropped 4.7% after revenue of $1.8 billion and adjusted EPS of $67.76 both missed estimates. Analysts hold a consensus "Hold" rating on the stock, with an average price target of $7,172, implying a 6.7% upside from current levels.
Barchart·58dRead more ▾
Lennar vs. NVR: Which Homebuilder Stock Is a Better Buy in 2026?
Lennar and NVR present contrasting investment cases for 2026, with NVR's land-light model offering superior margin resilience and downside protection. Lennar, a diversified builder with a national footprint and integrated financial services, reported fiscal 2025 revenue of nearly $32.7 billion and net income close to $1.6 billion, but its shift toward a land-light strategy depends heavily on its former subsidiary Millrose Properties. NVR generated approximately $9.6 billion in revenue and $1.4 billion in net income, achieving a net margin of roughly 13% compared to Lennar's 5%, while returning significant capital to shareholders. Valuation metrics show Lennar trading at a forward P/E of 16.66x and a price-to-sales ratio of 0.7x, versus NVR's 18.8x forward P/E and 2.1x price-to-sales. The analysis concludes that NVR's disciplined approach, proven through multiple housing cycles, makes it the preferred long-term hold despite Lennar's potential as a recovery play if interest rates decline.
The Motley Fool·60dRead more ▾
NVR▲impact 4
NVR and Champion Homes shares soar after Congress passes housing-supply bill
Shares of homebuilders NVR and Champion Homes jumped in afternoon trading after both chambers of Congress passed the bipartisan 21st Century ROAD to Housing Act, the most significant federal housing-supply legislation since 1990. The bill aims to boost supply by cutting red tape, streamlining environmental reviews, modernizing manufactured-housing rules, and barring institutional owners of 350-plus single-family homes from buying more existing homes. NVR surged 6.4% and Champion Homes rose 4.4%, while peer KB Home reported a revenue beat with second-quarter revenue of $1.11 billion, exceeding the $1.10 billion consensus, as the 10-year Treasury yield dropped below 4.5%. The legislation is seen as a multi-year volume driver for builders, lowering construction costs and friction, and the 350-home cap is expected to shift demand toward new construction over investor-owned existing homes.
Yahoo Finance·63dRead more ▾
NVR▲
Housing stocks in focus as affordable housing bill advances to Trump’s desk
Housing stocks are drawing attention after a U.S. housing bill advanced to President Donald Trump’s desk, aiming to boost supply, ease regulations, and limit institutional ownership of single-family homes. A quant check on related names shows LGI Homes with a rating of 3.10, D.R. Horton at 3.2, Toll Brothers at 3.03, Beazer Homes USA at 2.95, TopBuild at 2.82, PulteGroup at 2.74, Lennar at 2.11, KB Home at 2.0, NVR at 1.66, Builders FirstSource at 1.46, and Installed Building Products at 1.36.
Seeking Alpha·63dRead more ▾
NVR▲
House passes affordable housing bill, sending it to Trump for signature
The U.S. House passed the 21st Century ROAD to Housing Act by a 358-32 vote, sending the bipartisan affordable housing legislation to President Donald Trump for final approval. The Senate had approved the measure 85-5 on Monday, and Trump is scheduled to sign it at the Capitol on Wednesday. The bill aims to boost housing supply by waiving or speeding up environmental reviews for home construction and capping the number of single-family homes that large institutional investors can own. Homebuilders such as D.R. Horton, Lennar, PulteGroup, NVR, and Taylor Morrison Home, along with building-products supplier Builders FirstSource and manufactured housing companies Champion Homes and Cavco Industries, are seen as potential beneficiaries.
Seeking Alpha·64dRead more ▾
NVR▼
StockStory Highlights Pinterest and GitLab as Cash-Rich Buys, Flags NVR as a Sell
StockStory identifies two cash-producing stocks with strong fundamentals and one facing headwinds. Pinterest, with a trailing 12-month free cash flow margin of 27.6%, is praised for rising monthly active users, annual earnings per share growth of 40.9% driven by share repurchases, and a 26.5% free cash flow margin that supports consistent reinvestment or capital returns. GitLab, holding a 26.1% free cash flow margin, shows 27.1% annual revenue growth over two years, 24.9% average annual recurring revenue growth, and a best-in-class gross margin of 86.8%. In contrast, NVR is flagged as a sell due to flat sales over two years, a 7.5% annual decline in earnings per share, and shrinking returns on capital amid rising competition, with the stock trading at $6,483 per share or 16.6 times forward earnings.
StockStory·68dRead more ▾
NVR▼
PulteGroup Q1 Revenue Falls 12.4% as Home Builders Post Mixed Results
PulteGroup reported first-quarter revenues of $3.41 billion, a 12.4% decline from a year earlier, in line with analyst expectations but accompanied by a miss on earnings per share estimates. The results were part of a mixed quarter for the 12 home builders tracked, whose aggregate revenues missed consensus estimates by 0.6%. Taylor Morrison Home stood out with revenues of $1.39 billion, down 26.8% year on year but beating expectations by 4.1%, while NVR posted the weakest performance with revenues of $1.88 billion, down 21.7% and missing estimates by 7.8%. KB Home reported revenues of $1.08 billion, down 22.6% and missing estimates by 1.8%, and D.R. Horton reported revenues of $7.56 billion, down 2.3% and slightly below expectations. On average, the group's share prices have risen 2.9% since their latest earnings releases.
Yahoo Finance·70dRead more ▾