| Business Summary | | NVR,
Inc.
operates
in
two
business
segments:
the
construction
and
marketing
of
homes,
and
mortgage
banking.
NVR
derived
an
aggregate
of
approximately
61%
and
62%
of
its
2000
and
1999
homebuilding
revenues,
respectively,
from
the
Washington,
D.C.
and
Baltimore,
Maryland
metropolitan
areas.
NVR's
homebuilding
operations
construct
and
sell
single-family
detached
homes,
townhomes
and
condominium
buildings
under
three
tradenames:
Ryan
Homes,
NVHomes
and
Fox
Ridge
Homes.
In
addition
to
building
and
selling
homes,
NVR
provides
a
number
of
mortgage-related
services
through
its
regional
mortgage
banking
operations,
which
operate
in
10
states.
NVR's
mortgage
banking
business
generates
revenues
primarily
from
origination
fees,
gains
on
sales
of
loans,
title
fees
and
sales
of
servicing
rights. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NVR
is
a
holding
company
that
currently
operates,
through
its
subsidiaries,
in
two
business
segments:
the
construction
and
marketing
of
homes,
and
mortgage
banking.
For
the
six
months
ended
6/30/01,
revenues
rose
12%
to
$1.20
billion.
Net
income
rose
58%
to
$107.3
million.
Revenues
reflect
an
increased
number
of
homes
sold
and
higher
average
selling
prices.
Earnings
also
reflect
higher
homebuilding
operating
margins
and
the
absence
of
$5.7
million
in
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Dwight Schar, 59 Chairman,
Pres, CEO, Director | $2.1M | -- | Paul Saville, 45 Sr.
VP-Fin., CFO and Treasurer | 671K | -- | Dennis Seremet, 45 VP,
Controller | 398K | -- | James Sack, 50 VP,
Sec., Gen. Counsel of Nvr | -- | -- | William Inman, 53 Pres
of NVR Mortgage Fin., Inc. | 642K | $2.7M | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|