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Home Builder NVR Sees Profits Fall 59%

By PAUL JACKSON

For one home builder, profit may be falling — but at least there’s still profit to be had. Reston, Va.-based home builder NVR Inc. (NVR: 495.59 +8.57%) said on Tuesday morning that net income in Q1 2009 fell to $18m, or $3.02 a share, from $43.5 million, or $7.42 a share, one year earlier. The [...]

Full post as published by Housing Wire on April 21, 2009 (boomark / email).