NVR Inc. Fourth Quarter 2011 Numbers | ||
Quarter Four | Fiscal Year | |
Profit/(Loss) | $32.4M -44.8% | $129.4M -37.2% |
Home Deliveries | 2,391 -9.4% | 8,487 -15.4% |
New Orders | 2,158 +22.3% | 9,247 -1.8% |
Behind the Numbers:
As evidence that even the most lauded public home builder can struggle with the market, the Reston, Va.–based NVR Inc. posted declines in earnings, closings, and sales for 2011. Make no mistake, the builder remained profitable in 2011 as it has throughout the housing recession, but its profit for the year was down by more than 44%. However, the parent company of Ryan Homes, NVHomes, Fox Ridge Homes, and Rymark Homes, did show a noteworthy fourth-quarter pickup in sales, as did several other publicly held builders. The company’s cash balance took a hit for the year, dropping 60% to $475,566. NVR, as is typical, did not comment on its results.
NVR’s fourth quarter and fiscal year ended December 31.
Learn more about markets featured in this article: Washington, DC.
