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NVR history
NVR company history timeline
By 1983 NVHomes achieved income in excess of $1 million from homebuilding operations on the East Coast.
In addition, as the development industry slowed, NVR's assets lost much of their market value. As a result of reduced asset values and operating revenues, NVR posted a net income loss of over $260 million in 1990.
The result was over-built housing markets in many regions and the subsequent decrease in demand for new homes that continued through 1991.
1991: NV Finance subsidiary is established.
On April 6, 1992, NVR and some of its homebuilding subsidiaries filed for Chapter 11 bankruptcy.
In 1992 NVR Finance arranged financing for approximately 75 percent of NVR's home sales.
Since 1996, the magazine reported, the builder had made huge gains in capital growth--in particular a massive 833 percent stock appreciation since 1996.
In 1997, NVR acquired Fox Ridge Homes, adding that competitor's name to its roster of brands and thereby establishing a presence in Nashville, Tennessee.
1999: Company reorganizes as NVR Inc., a holding company for NVR Homes and NVR Financial Services.
In March 2001 Forbes ranked NVR 11th among its Platinum 400 list of strong performers.
By 2003, revenues had reached $3.7 billion.
In December 2012, the company acquired Heartland Homes.
In August of 2015, Fortune publishes Builder NVR Survived And Thrived After The Housing Bubble.
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NVR competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Primerica | 1977 | $602.0M | 2,104 | 71 |
| Citi | 1812 | $74.3B | 210,000 | 1,250 |
| Berkshire Hathaway | 1839 | $371.4B | 360,000 | 350 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,169 |
| Raymond James Financial | 1962 | $1.7B | 18,910 | 972 |
| Aetna | 1853 | $60.6B | 47,950 | 9 |
| Prudential Retirement Insurance And Annuity Co | - | $57 | 41,671 | - |
| Ryan Homes | 1948 | $1.2M | 50 | - |
| Masco | 1929 | $7.8B | 26,000 | 248 |
| United Rentals | 1997 | $15.3B | 18,800 | 1,070 |
NVR history FAQs
Zippia gives an in-depth look into the details of NVR, including salaries, political affiliations, employee data, and more, in order to inform job seekers about NVR. The employee data is based on information from people who have self-reported their past or current employments at NVR. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by NVR. The data presented on this page does not represent the view of NVR and its employees or that of Zippia.
NVR may also be known as or be related to NVR, NVR Inc, NVR, Inc. and Nvr, Inc.