October 18, 2012 at 14:49 PM EDT
NVR Stock Soars On Q3 Results Amid Housing Rebound
One of the nation's largest homebuilders, NVR (NVR) hit a new high after it reported solidly higher third-quarter profits and sales. The company also said it saw strong growth in new home orders, the latest confirmation of renewed growth in the housing industry. NVR, which also provide mortgage banking services, said earnings per share climbed 29% vs. Q3 last year, to $10.33, well above analyst estimates of $9.40 a share. Revenue jumped 23% to
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