NVR
NVR is the odd one out among national builders: it generally does not develop land. It buys finished lots from third parties under fixed-price lot purchase agreements, with forfeitable deposits of typically up to 10%. That limits its land risk. For land developers, NVR is a buyer, not a competitor.
Last verified: 2026-10-20
Unscored
Public. Builds as Ryan Homes, NVHomes and Heartland Homes; generally does not develop land.
No published developer or builder rubric yet.
At a glance
| Legal entity | NVR, Inc. (NYSE: NVR) |
| Headquarters | Reston, VA |
| Segment | National homebuilders / Luxury builders |
| Scale (as published) | 21,915 homes settled in 2025 |
| Score | Unscored |
What the sources reveal
NVR is the odd one out among national builders: it generally does not develop land. It buys finished lots from third parties under fixed-price lot purchase agreements, with forfeitable deposits of typically up to 10%. That limits its land risk. For land developers, NVR is a buyer, not a competitor.
Key facts
| Fact | Source | Checked |
|---|---|---|
| Operates in 37 metropolitan areas in 16 states and Washington, D.C., under Ryan Homes, NVHomes and Heartland Homes. | source | |
| Settlements of 21,915 units in 2025, down 4%; average settled price $460,600 ($450,700 in 2024). | source | |
| Homebuilding gross profit margin 21.2% in 2025 vs 23.7% in 2024. | source | |
| Controlled about 180,100 lots at Dec 31, 2025, about 169,250 of them under lot purchase agreements with third parties. | source | |
| NVHomes and Heartland Homes are marketed primarily to move-up and luxury buyers. | source |
Who it’s actually for
- Mid-Atlantic and Midwest buyers (Ryan Homes is the entry and first move-up brand).
- Land developers looking for a lot buyer.
What we could not verify
- Share of settlements by brand.
Related
Developers and builders hub · All profiles
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Profile published from sources read this day.
Sources
- NVR Form 10-K for 2025 · accessed 2026-10-20
Corrections: use our contact page.