| Type | Public (NYSE: NVR) |
|---|---|
| Industry | Construction, Financial Services |
| Founded | 1980 (1948 as "Ryan Homes") |
| Headquarters | Reston, Virginia, United States |
| Key people | Paul C. Saville, President & CEO |
| Products | Homes Financial Services |
| Revenue | $5.275 billion |
| Net income | $697.6 million |
| Employees | 5,401 |
| Website | nvrinc.com, Ryan Homes |
NVR, Inc. (NYSE: NVR) is a United States real estate development company. The homebuilding unit sells and constructs homes under the Ryan Homes, NVHomes, Rymarc Homes and Fox Ridge Homes trade names.
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Ryan Homes Founded in 1948, Ryan Homes was originally established to provide affordable housing in the growing economy after World War II.[1] Ryan Homes has constructed almost 300,000 homes.[1]
NVHomes Established in 1979, NVHomes operates primarily in the Washington, D.C. and Baltimore metropolitan areas.[2]
Rymarc Homes Founded in 1982, Rymarc Homes serves the Columbia, South Carolina area, and markets its homes primarily to first-time homebuyers.[3]
Fox Ridge Homes Founded in 1961, Fox Ridge Homes primarily serves the first-time and first-time move-up markets in the Nashville, Tennessee area.[4]
NVR Mortgage banking operates from sixteen branches, primarily to serve NVR homebuyers.[5] NVR Settlement Services primarily serve title and settlement services to homebuyers, also.
The attorney general of Delaware, Beau Biden, and his office, filed a 39-count consumer fraud lawsuit against NVR, Inc., while doing business under the "Ryan Homes" name.[6][7] Ryan Homes staff were alleged to have made false statements about the development of various community amenities in the specific development according to the complaints filed. The case was settled on April 1, 2010.[8]