{"id":23002,"date":"2023-04-25T14:59:08","date_gmt":"2023-04-25T14:59:08","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/nvr-beats-quarterly-profit\/"},"modified":"2023-04-25T15:05:19","modified_gmt":"2023-04-25T15:05:19","slug":"nvr-beats-quarterly-profit","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/nvr-beats-quarterly-profit\/","title":{"rendered":"NVR beats quarterly profit expectations on higher home prices"},"content":{"rendered":"<p>(Reuters) &#8211;     Homebuilder and mortgage banking company NVR Inc beat analysts&#8217; expectations for first-quarter profit on Tuesday, helped by higher home prices.<\/p>\n<p>U.S. home prices have remained elevated as a shortage of homebuilding supplies limited the availability of new homes, helping counter lower demand from a jump in mortgage rates following the Federal Reserve&#8217;s aggressive monetary policy.<\/p>\n<p>Virginia-based NVR posted earnings of $99.89 per diluted share for the three months ended March 31, beating analysts&#8217; average estimate of $88.96, according to Refinitiv data.<\/p>\n<p>New orders declined 1% to 5,888 units.<\/p>\n<p>Revenue fell 8.3% to $2.13 billion. Analysts on average estimated $2.24 billion.<\/p>\n<p>Higher home prices also helped peer\u00a0PulteGroup Inc to beat Wall Street estimates for first-quarter profit and revenue.    <\/p>\n<p \/>\n<p> (Reporting by Anandita Mehrotra in Bengaluru; Editing by Shilpi Majumdar)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/nvr-beats-quarterly-profit\/homes-for-sale-in-washington-2\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3O0MX-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3O0MX-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Homebuilder and mortgage banking company NVR Inc beat analysts&#8217; expectations for first-quarter profit on Tuesday, helped by higher home prices. U.S. home prices have remained elevated as a shortage of homebuilding supplies limited the availability of new homes, helping counter lower demand from a jump in mortgage rates following the Federal Reserve&#8217;s aggressive [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":23003,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-23002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3O0MX-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=23002"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23002\/revisions"}],"predecessor-version":[{"id":23004,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23002\/revisions\/23004"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/23003"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=23002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=23002"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=23002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}