NVR's fourth-quarter profit falls as homebuyer incentives, rising costs hit margins
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NVR reported a decline in fourth-quarter profit due to rising costs and buyer incentives, with profit per share falling to $121.54 from $139.93 year-over-year. The company's revenue decreased to $2.71 billion from $2.85 billion. New orders also dropped by 10%, totaling 20,410 units compared to 22,560 units the previous year. Factors such as inflation, tariffs on construction materials, and weak consumer sentiment contributed to the challenges faced by the homebuilder.
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