NVR Approves $750M Share Repurchase Authorization

Homebuilder extends stock buyback program dating back to 1994.

Published on Feb. 11, 2026

Got story updates? Submit your updates here. ›

NVR, Inc., a major homebuilding and mortgage banking company, has announced that its Board of Directors has authorized the repurchase of up to $750 million of its outstanding common stock. This new authorization is a continuation of NVR's stock repurchase program that began in 1994 and is consistent with the company's strategy of maximizing shareholder value.

Why it matters

The share repurchase program allows NVR to buy back its own stock, which can help boost the company's stock price and return value to shareholders. This move signals NVR's confidence in its financial position and future growth prospects.

The details

The repurchase authorization does not have an expiration date, and the purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. As of February 9, 2026, NVR had 2,793,760 total shares of common stock outstanding.

  • NVR's Board of Directors authorized the $750 million share repurchase program on February 11, 2026.
  • The new authorization is a continuation of NVR's stock repurchase program that began in 1994.

The players

NVR, Inc.

A major homebuilding and mortgage banking company that operates in thirty-seven metropolitan areas in sixteen states and Washington, D.C. under the Ryan Homes, NVHomes and Heartland Homes trade names.

Got photos? Submit your photos here. ›

What’s next

The company will begin repurchasing shares in the open market and/or through private negotiations as market conditions allow, with no set end date for the program.

The takeaway

NVR's decision to authorize a $750 million share repurchase program demonstrates the company's confidence in its financial strength and commitment to returning value to shareholders through strategic capital allocation.