NVR, Inc. http://www.alacrastore.com/company-snapshot/NVR_Inc-1011668 Thursday, December 04, 2008 11:56:57 AM 1011668 NVR, Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/321915bir/321915normNVR Inc.NVRyan L.P.NVR Building Products Co.NVR L.P.NVR, Inc.United StatesConstruction: Operative builder of single-family homes, townhouses and condominiums. Finance: Mortgage bank, holding company.15316162671923611752229255111217GLNVR11/19/2008 6:32:07 AM321915Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-29319960newstex/PRN-0005-29319960xml RESTON, Va., Nov. #, #### (PRNewswire-FirstCall delivered by Newstex) -- NVR, Inc. (NYSE: NVR) announced that Alfred E. Festa and W. Grady Rosier will join its Board of Directors as independent directors effective December #, ####....090000000901500004000000040160000401600811/6/2008 5:29:35 PM1800000018007000PR Newswire USPRN-0005-29319960BERKSHIRE HATHAWAY INC.GENERAL ELECTRIC CONVR INCW R GRACE & COALFRED E FESTABRK AGEGRANVRNewsNewstexhttp://www.alacrastore.com/storecontent/fitch/411012_report_framefitch/411012_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.The Ryland Group, Inc.Standard Pacific CorporationLennar CorporationMDC Holdings, Inc.Toll Brothers, Inc.NVR, Inc.Meritage CorporationPulte Homes, Inc.Hovnanian Enterprises, Inc.Beazer Homes USA, Inc.Centex CorporationD.R. Horton, Inc.KB HomeM/I Homes, Inc.80091167800899228009141582176029800912378009235980417179800917518061045580091096800920808036152180090412800906278119968910/21/2008 6:28:00 PM010324000104000001030000275Special ReportNVRSPFMDCCTXMTHRYLKBHPHMTOLHOVDHILENMHOBZH411012_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-28898727newstex/PRN-0005-28898727xml RESTON, Va., Oct. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced that diluted earnings per share and net income for its...040000000401600004016047040160180401604804016001040160030400600004006002040090000400900304004000040040020400400310/21/2008 9:24:43 AM18000000180040001800800018012000PR Newswire USPRN-0005-28898727NVR INCNVRNewsNewstexhttp://www.alacrastore.com/storecontent/fitch/409668_report_framefitch/409668_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Centex CorporationToll Brothers, Inc.KB HomeMDC Holdings, Inc.Standard Pacific CorporationM/I Homes, Inc.The Ryland Group, Inc.Beazer Homes USA, Inc.D.R. Horton, Inc.Meritage CorporationNVR, Inc.Hovnanian Enterprises, Inc.Lennar CorporationPulte Homes, Inc.8125905080091415800920808009109680091751800911678217602980090627811996898041717980089922803615218009041280610455800923598009123710/10/2008 2:19:00 PM010300000104000001032400375Industry CommentsRYLHOVMTHPHMSPFKBHNVRMDCMHOTOLBZHCTXLENDHI409668_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_162571_600011108moodys/PR_162571_600011108htmlGlobal Credit Research Rating Action # SEP #### Rating Action: NVR Inc. Moody's affirms NVR at Baa#; rates new convertible senior notes at Baa# Approximately $### million of debt securities affected New York, September ##, #### --...9/10/2008 12:31:54 AMhtmlNVR Inc.NVR Inc.600011108150.0000NewsRating ActionPR_162571_600011108Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/433478_pr_framefitch/433478_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.NVR, Inc.800917519/9/2008 6:34:14 PM01030000010324000104000085Press ReleaseNVR433478_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/670283spcred/670283normThe latest News from S&Pglobalstructured9/9/2008 3:35:46 PM100News670283United StatesHomebuildingUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesHomebuildersNewsNEW YORK (Standard&Poor's) Sept. 9, 2008--Standard&Poor's Ratings Services today assigned its 'BBB-' rating to NVR Inc.'s proposed $325 million convertible senior notes due 2038. The underwriter has the option to raise the $325 million principal amount of the notes, which will rank equally with NVR's senior unsecured obligations, up to $374 million. The notes can be put to NVR in 2013, 2018, 2023, 2028, and 2033, and the company can call the notes beginning in 2013. NVR has earmarked the proceeds from the note issuance for general corporate purposes. We expect NVR primarily to hold the proceeds to provide additional liquidity in anticipation of the 2010 maturities of its $600 million senior unsecured revolving credit facilityUSA62944T25201030 252010 2520 25NVR Inc.113385USANVRNEWSGLOBISSSTRUCCORPRECHomebuildersCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/666397spcred/666397normThe latest Full Report from S&Pglobalstructured8/20/2008 1:06:27 PM400Full Report666397United StatesHomebuildingUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesHomebuildersFull ReportLand optioning strategy; Significant liquidity; Moderate leverage; and Solid coverage metrics. Geographic concentration; High level of insider ownership as management's historically aggressive share repurchase activity has significantly reduced the amount of NVR Inc.'s publicly traded shares; and The current housing market downturn. The ratings reflect the significant operating flexibility the company derives from its land optioning strategy, along with moderate leverage, solid coverage metrics, and significant liquidity. The ratings also acknowledge NVR's geographic concentration in a particularly challenging market, high level of insider ownership, as well as poor operating results stemming from the current housing market downturn. Reston, Va.-based NVR is the leading homebuilder in the Washington, D.C., and Baltimore, Md., markets. The company delivered 12,565 units in the 12USA62944T25201030 252010 2520 25NVR Inc.113385USANVRFULLGLOBISSSTRUCCORPRECHomebuildersCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/666401spcred/666401normThe latest Summary from S&Pglobalstructured8/20/2008 1:06:00 PM175Summary666401United StatesHomebuildingUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesHomebuildersSummaryThe ratings reflect the significant operating flexibility the company derives from its land optioning strategy, along with moderate leverage, solid coverage metrics, and significant liquidity. The ratings also acknowledge NVR's geographic concentration in a particularly challenging market, high level of insider ownership, as well as poor operating results stemming from the current housing market downturn. Reston, Va.-based NVR is the leading homebuilder in the Washington, D.C., and Baltimore, Md., markets. The company delivered 12,565 units in the 12 months ended June 31, 2008, at an average sales price of approximately $342,000 for the quarter ending June 30. The company's Mid-Atlantic reporting region (which includes Virginia, West Virginia, Maryland, and Delaware) constituted 50% of the units delivered in the second quarterUSA62944T25201030 252010 2520 25NVR Inc.113385USANVRSUMMARYGLOBISSSTRUCCORPRECHomebuildersCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/665520spcred/665520normThe latest News from S&Pglobalstructured8/15/2008 3:49:40 PM100News665520United StatesHomebuildingUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesHomebuildersNewsNEW YORK (Standard&Poor's) Aug. 15, 2008--Standard&Poor's Ratings Services today affirmed its 'BBB-' corporate credit and senior unsecured debt ratings on NVR Inc. The outlook remains stable. "The ratings reflect the significant operating flexibility the company derives from its land optioning strategy, along with moderate leverage, solid coverage metrics, and significant liquidity," said credit analyst Lisa Wright. "The ratings also acknowledge NVR's geographic concentration in a particularly challenging market, high level of insider ownership, as well as poor operating results stemming from the current housing market downturn." NVR's ample liquidity, land optioning strategy, and modestly leveraged balance sheet support the ratings and position the company to successfully navigate a protracted housing market downturn. A revision of theUSA62944T25201030 252010 2520 25NVR Inc.113385USANVRNEWSGLOBISSSTRUCCORPRECHomebuildersCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/665521spcred/665521normThe latest Research Update from S&Pglobalstructured8/15/2008 3:49:40 PM175Research Update665521United StatesHomebuildingUnited StatesGlobal IssuersStructured FinanceCorporationsReal Estate CompaniesHomebuildersResearch UpdateOn Aug. 15, 2008, Standard&Poor's Ratings Services affirmed its 'BBB-' corporate credit and senior unsecured debt ratings on NVR Inc. The outlook remains stable (see list). The ratings reflect the significant operating flexibility the company derives from its land optioning strategy, along with moderate leverage, solid coverage metrics, and significant liquidity. The ratings also acknowledge NVR's geographic concentration in a particularly challenging market, high level of insider ownership, as well as poor operating results stemming from the current housing market downturn. Reston, Va.-based NVR is the leading homebuilder in the Washington, D.C., and Baltimore, Md., markets. The company delivered 12,565 units in the 12 months ended June 31, 2008, at an average sales price of approximately $342,000 forUSA62944T25201030 252010 2520 25NVR Inc.113385USANVRRESUPDGLOBISSSTRUCCORPRECHomebuildersCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/392718_report_framefitch/392718_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.The Ryland Group, Inc.Centex CorporationM/I Homes, Inc.Meritage CorporationBeazer Homes USA, Inc.Hovnanian Enterprises, Inc.Lennar CorporationD.R. Horton, Inc.MDC Holdings, Inc.Standard Pacific CorporationPulte Homes, Inc.NVR, Inc.KB HomeToll Brothers, Inc.800906278009116780361521800917518009123780091415800920808009235980089922821760298061045580417179812590508009109680090412811996897/11/2008 2:14:00 PM010300000104000001032400375Industry CommentsLENKBHMDCPHMMHOMTHSPFHOVRYLNVRBZHTOLCTXDHI392718_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/389988_report_framefitch/389988_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Beazer Homes USA, Inc.Centex CorporationD.R. Horton, Inc.Hovnanian Enterprises, Inc.KB HomeLennar CorporationM/I Homes, Inc.MDC Holdings, Inc.Meritage CorporationNVR, Inc.Pulte Homes, Inc.The Ryland Group, Inc.Toll Brothers, Inc.800899228009041280090627800910968009116780091237800914158009175180092080800923598036152180610455811996896/13/2008 6:28:00 PM010300000103240001040000275Special ReportBZHCTXDHIHOVKBHLENMDCMHOMTHNVRPHMRYLTOL389988_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/423461_pr_framefitch/423461_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Beazer Homes USA, Inc.Centex CorporationD.R. Horton, Inc.Hovnanian Enterprises, Inc.KB HomeLennar CorporationM/I Homes, Inc.MDC Holdings, Inc.Meritage CorporationNVR, Inc.Pulte Homes, Inc.The Ryland Group, Inc.Toll Brothers, Inc.800899228009041280090627800910968009116780091237800914158009175180092080800923598036152180610455811996896/10/2008 6:27:00 PM01030000010324000104000085Press ReleaseBZHCTXDHIHOVKBHLENMDCMHOMTHNVRPHMRYLTOL423461_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/423281_pr_framefitch/423281_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.NVR, Inc.800917516/10/2008 10:14:00 AM01030000010324000104000085Press ReleaseNVR423281_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/382182_report_framefitch/382182_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Beazer Homes USA, Inc.Centex CorporationD.R. Horton, Inc.Hovnanian Enterprises, Inc.KB HomeLennar CorporationM/I Homes, Inc.MDC Holdings, Inc.Meritage CorporationNVR, Inc.Pulte Homes, Inc.Standard Pacific CorporationToll Brothers, Inc.8008992280090412800910968009116780091237800914158009175180092080800923598036152180417179806104558119968981259050821760294/11/2008 2:12:00 PM010300000103240001040000375Industry CommentsBZHCTXDHIHOVKBHLENMDCMHOMTHNVRPHMSPFTOL382182_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/192666_report_framefitch/192666_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.8009123780092359D.R. Horton, Inc.80092080MHOM/I Homes, Inc.LENKBHHOVMeritage Corporation8036152180090627Centex CorporationMDC Holdings, Inc.Pulte Homes, Inc.NVRKB Home8008992280091096TOLMDCDHI80417179Toll Brothers, Inc.Hovnanian Enterprises, Inc.8009141580091167The Ryland Group, Inc.80090412MTHCTXRYL80610455PHM80091751Industry CommentsNVR, Inc.Lennar Corporation3/30/2008 6:50:00 PM010300000103240001040000375192666_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/201072_report_framefitch/201072_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.TOLRYLNVR, Inc.3/30/2008 6:50:00 PMHovnanian Enterprises, Inc.PHM80092080M/I Homes, Inc.80417179803615218009235980091167Industry CommentsMDC Holdings, Inc.Centex Corporation80090412MTHCTXLEN80091751Toll Brothers, Inc.Lennar CorporationThe Ryland Group, Inc.80091415MHOMDCHOVMeritage Corporation80091237Pulte Homes, Inc.DHINVR80091096D.R. Horton, Inc.KBHKB Home806104558008992280090627010400000103240001030000375201072_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/215298_report_framefitch/215298_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Meritage CorporationToll Brothers, Inc.MTHD.R. Horton, Inc.8009062780089922Lennar CorporationKBH3/30/2008 6:50:00 PMIndustry Comments80090412CTXCentex CorporationKB Home80091415Hovnanian Enterprises, Inc.LEN8009116780610455NVR800917518041717980091096TOLMDC80092080RYLMDC Holdings, Inc.MHO80361521DHIPHMHOVM/I Homes, Inc.Pulte Homes, Inc.8009123780092359The Ryland Group, Inc.NVR, Inc.010400000103240001030000375215298_report_frameCredit & Investment ResearchFitch Research