10 Best Home Builder Stocks To Buy Now

3. NVR, Inc. (NYSE:NVR)

Number of Hedge Fund Holders: 47

NVR, Inc. (NYSE:NVR) is an American home builder headquartered in Reston, Virginia. The firm operates in 16 states which include Maryland, New York, North Carolina, Virginia, Ohio, Indiana, Illinois, South Carolina, Pennsylvania, Tennessee, Georgia, Florida, Delaware, West Virginia, New Jersey, and Kentucky as well as Washington DC. It sells homes under three brand names including Ryan Homes, NVHomes, and Heartland Homes. The firm also operates a mortgage subsidiary for its home buyers whereas the NVR Settlement Services subsidiary offers settlement and title services.

Historically, NVR, Inc. (NYSE:NVR) has been one of the market leaders in each of the markets where it builds homes. This has enabled the firm to achieve competitive advantages while getting to enjoy the growth opportunities within these markets. The firm’s financial performance is a testament to its market-leading position. It has grown its top line by 8.81% and its bottom line by 19.64% over the past decade.

The company’s segments  ‘homebuilding’ and ‘mortgage banking’ remain its strength. During the year’s second quarter, homebuilding revenues increased by 12% from $2.28 billion in 2023’s same quarter to $2.55 billion in this quarter. Income before tax from the homebuilding segment rose 12% while income before tax from the mortgage banking segment climbed 23% year-over-year.

As of Q2, the firm is held by 47 hedge funds thereby ranking on our list of the best home builder stocks to buy now. Diamond Hill Capital is the top shareholder in the company.