NVR Gains 35% YTD: Will Rate Cut Push the Stock to New Highs?
NVRNVR(NVR) ZACKS·2024-10-08 02:36

NVR, Inc.'s (NVR) stock gained 34.9% in the year-to-date period compared with the Zacks Building Products - Home Builders industry's 25.2% growth, the Zacks Construction sector's 22% rise and the S&P 500's 20.8% rally. The stock has been rallying on a recent rate cut by the Federal Reserve, announced last month. NVR, which engages in the construction and sale of single-family detached homes, townhomes and condominium buildings, has been benefiting from improving demand, a disciplined business model, and str ...