建商NVR三季度净利降27%至2.486亿美元：地价上涨与降价压力把毛利率压至18.3%
美国大型建商兼房贷银行公司 NVR, Inc.（NYSE: NVR）10月22日经 PR Newswire 公布截至2026年9月30日的第三季度业绩：净利2.486亿美元、摊薄每股收益89.45美元，较去年同期的3.427亿美元与112.33美元分别下降27%与20%；综合营收24.0亿美元，低于去年同期的26.1亿美元。
建房业务是主要拖累：建房营收23.5亿美元，同比下降8%（去年同期25.6亿美元）；毛利率从21.0%降至18.3%。公司称，毛利率受地价上涨、负担能力挑战持续与消费者情绪疲弱带来的定价压力，以及约2,480万美元的合同土地定金减值拖累；建房业务税前利润2.997亿美元，同比下降27%。
销量方面，三季度新订单减少7%至4,391套（去年同期4,735套），新订单平均售价442,100美元、同比下降5%，取消率从19%升至21%；交付量减少7%至5,268套（去年同期5,639套），平均交付价445,900美元、同比下降2%。不过，截至9月30日的已售未交付积压订单按套数增10%至10,121套、按金额增4%至45.9亿美元。
房贷银行业务相对稳健：三季度房贷放款量13.8亿美元，同比下降10%，但该业务税前利润增7%至3,500万美元（去年同期3,270万美元）。今年前九个月，公司综合营收66.1亿美元，同比下降13%；净利6.834亿美元，同比下降30%；摊薄每股收益240.54美元，同比下降24%。
NVR 旗下建房品牌包括 Ryan Homes、NVHomes 与 Heartland Homes，业务覆盖16个州与华盛顿特区的37个都会区。公司在业绩公告中未给出下一季度指引。
来源：GSM·美国
Homebuilder NVR Third-Quarter Net Income Falls 27% to $248.6 Million as Higher Lot Costs and Pricing Pressure Cut Gross Margin to 18.3%
NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, on October 22 released its results for the third quarter ended September 30, 2026 via PR Newswire: net income of $248.6 million, or $89.45 per diluted share, down 27% and 20% respectively from $342.7 million, or $112.33 per diluted share, in the third quarter of 2025. Consolidated revenues totaled $2.40 billion, compared with $2.61 billion a year earlier.
Homebuilding drove the decline. Homebuilding revenues of $2.35 billion fell 8% from $2.56 billion a year earlier, and gross profit margin narrowed to 18.3% from 21.0%. The company said the margin was hurt by higher lot costs, pricing pressure from continued affordability challenges and weak consumer sentiment, and contract land deposit impairments totaling approximately $24.8 million. Income before tax from homebuilding was $299.7 million, down 27%.
New orders decreased 7% to 4,391 units, from 4,735 a year earlier, with the average sales price of new orders down 5% to $442,100 and the cancellation rate rising to 21% from 19%. Settlements decreased 7% to 5,268 units, from 5,639, at an average settlement price of $445,900, down 2%. The backlog of homes sold but not settled rose 10% in units to 10,121 and 4% in dollars to $4.59 billion as of September 30.
Mortgage banking was steadier: closed loan production totaled $1.38 billion, down 10%, while income before tax from the segment rose 7% to $35.0 million from $32.7 million. For the first nine months of 2026, consolidated revenues were $6.61 billion, down 13%; net income was $683.4 million, down 30%; and diluted earnings per share were $240.54, down 24%.
NVR builds homes under the Ryan Homes, NVHomes and Heartland Homes brands and operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C. The release gave no outlook for the coming quarter.
Source: GSM·America
来源：GSM·美国（原文链接）
图片来源：美国一处在建新房的木框架（资料图，新泽西州 Ewing Township）。照片：Famartin 摄，CC BY-SA 4.0，经维基共享资源／A new wood-frame house under construction in Ewing Township, New Jersey (file photo). Photo: Famartin, CC BY-SA 4.0, via Wikimedia Commons
