Home Builders Hurt Hard

NVR, Inc., a large home builder reported lower than expected earnings as sales dropped and margins narrowed. Looking through their financials there is not much to be happy about. If, arguably, the strongest public builder in the strongest markets (DC and northeast) can muster -18% on Y-o-Y orders and -75 basis points on Q-o-Q gross margins, it’s not great. And home construction must get healthy for a full economic recovery.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.