Housing Starts Are Down, but NVR's Results Continue to Improve

Housing Starts Are Down, but NVR's Results Continue to Improve

The past couple months have likely made homebuilders and their investors anxious. The damage and ensuing repairs from Hurricanes Harvey, Irma, and Maria are likely going to have an impact on new housing starts in the prior quarter. That may have been the case -- housing starts were down to their lowest in 18 months -- but it didn't have much of an impact on NVR's (NYSE: NVR) most recent earnings report.

Despite the challenges this quarter posed, the company continued to post higher revenue and better than expected earnings per share. Here's a quick look at NVR's most recent results.

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Source: Fool.com