S&P 500 Index Component
|Headquarters||Reston, Virginia, United States|
Number of employees
NVR, Inc. is a company engaged in home construction. It also operates a mortgage banking and title services business. The company primarily operates on the East Coast of the United States. In February 2010, NVR Inc was sued by the Attorney General of Delaware for failing to provide promised amenities for the residents of a housing development that the company built. In 2018, 23% of home settlements occurred in the Washington metropolitan area and 8% of home settlements occurred in the Baltimore metropolitan area.
The company operates under the Ryan Homes, NVHomes and Heartland Homes brands. The company typically does not engage in land development; it acquires finished land lots that are ready for building, which mitigates risk. As of 2019, the company is the 4th largest home construction company in the United States based on the number of homes closed. It is ranked 417th on the Fortune 500.
The companies stock price is the second most expensive on the American exchanges, behind only behomth Berkshire Hathaway. As of 2021 the stock trades for $4,800-$5,250 per share, the company aggressively buys back stock. 
Failure to provide certain amenities in Townsend, Delaware
In February 2010, then Attorney General of Delaware, Beau Biden, sued the company for fraud, seeking damages of $10,000 for each of 39 homeowners alleging that the company did not provide promised amenities, primarily a clubhouse with restaurant and fitness center, for homeowners of a development built by the company in Townsend, Delaware. The lawsuit was settled in April 2010, with the company agreeing to complete development of the promised amenities and reimburse homeowners for the period of time when they have been paying for promised amenities that they did not receive.
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- "COMPANY NEWS; NV Homes Set To Add Ryan". The New York Times. November 1, 1986.
- Salmon, Jacqueline L. (April 6, 1992). "HOME BUILDER NVR TO SEEK PROTECTION FROM CREDITORS". The Washington Post.
- "NVR". TechCrunch.
- "NVR, Inc. Purchases Pittsburgh, PA Builder, Heartland Homes" (Press release). PR Newswire. January 2, 2013.
- "NVR Set to Join S&P 500; Jefferies Financial Group, II-VI to Join S&P MidCap 400; Callon Petroleum, PriceSmart to Join S&P SmallCap 600" (Press release). PR Newswire. September 20, 2019.
- "Biden sues Ryan Homes for consumer fraud" (Press release). Delaware. February 17, 2010.
- "Biden Settles Consumer Fraud Charges with Ryan Homes" (Press release). Delaware. April 1, 2010.