- NVR, Inc.
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NVR, Inc. 
Type Public (NYSE: NVR) Industry Construction, Financial Services Founded 1980 (1948 as "Ryan Homes") Headquarters Reston, Virginia, United States Key people Paul C. Saville, President & CEO Products Homes
Financial ServicesRevenue $5.275 billion Net income $697.6 million Employees 5,401 Website nvrinc.com, Ryan Homes NVR, Inc. (NYSE: NVR) is a United States real estate development company. The homebuilding unit sells and constructs homes under the Ryan Homes, NVHomes, Rymarc Homes and Fox Ridge Homes trade names.
Contents
Homebuilding
Ryan Homes Founded in 1948, Ryan Homes was originally established to provide affordable housing in the growing economy after World War II.[1] Ryan Homes has constructed almost 300,000 homes.[1]
NVHomes Established in 1979, NVHomes operates primarily in the Washington, D.C. and Baltimore metropolitan areas.[2]
Rymarc Homes Founded in 1982, Rymarc Homes serves the Columbia, South Carolina area, and markets its homes primarily to first-time homebuyers.[3]
Fox Ridge Homes Founded in 1961, Fox Ridge Homes primarily serves the first-time and first-time move-up markets in the Nashville, Tennessee area.[4]
Mortgage Banking
NVR Mortgage banking operates from sixteen branches, primarily to serve NVR homebuyers.[5] NVR Settlement Services primarily serve title and settlement services to homebuyers, also.
Delaware lawsuit
The attorney general of Delaware, Beau Biden, and his office, filed a 39-count consumer fraud lawsuit against NVR, Inc., while doing business under the "Ryan Homes" name.[6][7] Ryan Homes staff were alleged to have made false statements about the development of various community amenities in the specific development according to the complaints filed. The case was settled on April 1, 2010.[8]
References
- ^ a b "Ryan Homes > About". http://www.ryanhomes.com/about. Retrieved 2011-08-30.
- ^ "NVHomes - About NVHomes". http://www.nvhomes.com/about-us. Retrieved 2011-08-30.
- ^ "About Rymarc Homes". http://www.rymarc.com/about.aspx. Retrieved 2011-08-30.
- ^ "About Fox Ridge Homes". http://www.foxridgehomes.com/about.aspx. Retrieved 2011-08-30.
- ^ "Why NVR Mortgage". http://www.nvrmortgage.com/WhyNVRMortgage. Retrieved 2011-08-30.
- ^ "Biden sues Ryan Homes for consumer fraud". 2010-02-17. http://attorneygeneral.delaware.gov/media/releases/2010/ryanhomes.pdf. Retrieved 2011-07-18.
- ^ Eichmann, Mark (2010-02-17). "Delaware sues home builder Ryan Homes". http://whyy.org/cms/news/regional-news/delaware/2010/02/17/delaware-sues-home-builder-ryan-homes/30910. Retrieved 2011-07-18.
- ^ "Biden Settles Consumer Fraud Charges with Ryan Homes". 2010-04-01. http://attorneygeneral.delaware.gov/media/releases/2010/Biden%20Settles%20Consumer%20Fraud%20Charges%20with%20Ryan%20Homes.pdf. Retrieved 2011-07-18.
External links
Categories:- Companies listed on the New York Stock Exchange
- Construction and civil engineering companies of the United States
- Companies established in 1948
- Home builders
- Companies based in Reston, Virginia
- Mortgage industry of the United States
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