NVR Inc. in Reston, Va., reported more new orders and a higher mortgage capture rate in the fourth quarter from the previous year, the homebuilder reported Tuesday.
Overall, NVR reported revenue of $1.56 billion for the quarter ending Dec. 31, up 17% from the same period in 2014. Diluted earnings per share were $31.92 versus $23.24 a year prior.
The company said it sold 3,100 homes during the fourth quarter, 14% higher than in the previous year. NVR also reported a backlog of 6,229 homes for the full fiscal year, up from 5,475 in 2014.
The mortgage banking unit's income rose 31% year-over-year to $14.5 million. The company ended the quarter with $1.04 billion in mortgage loans closed, an increase of 18% from the year before.
The company's mortgage banking capture rate, which measures the share of buyers who ask NVR to finance their purchase, was 88%, up one percentage point year-over-year.
