May 19, 2024
Mortgage

NVR profits approach $400 million

Homebuilder NVR, Inc. saw profit growth slow to begin 2024, but results from both construction and mortgage segments point to sustained interest in newly built properties. The parent company of Ryan Homes, NVHomes and Heartland Homes reported net income of $394.3 million for the three months ending March 31, equivalent to $116.41 per diluted share.

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Mortgage

How mortgage lenders and home builders form partnerships

Lenders have renewed interest in establishing ties with builders this spring given the latter’s increased role in supplying available home inventory at a time when many existing owners are still feeling locked in by lower-than-market mortgage rates. What the spring will bring remains to be seen, but so far new-home sales have been higher as

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