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NVR, Inc. Announces Stock Repurchase
MCLEAN, Va., Dec 16, 2004 -- NVR, Inc. (Amex: NVR) announced today that its
Board of Directors has authorized the repurchase of $400 million of its
outstanding common stock. The purchases will occur from time to time in the
open market and/or in privately negotiated transactions as market conditions
permit. The Company indicated that the authorization is a continuation of
the stock repurchase program that began in 1994 and is consistent with NVR's
strategy of maximizing shareholder value.
NVR, which currently has 6,511,317 shares of common stock outstanding, is
headquartered in McLean, Virginia and is one of the largest homebuilders in
the United States.
SOURCE NVR, Inc.
Dan Malzahn of NVR, Inc., +1-703-761-2137
http://www.nvrinc.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding NVR, Inc.'s business
which are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of such risks and uncertainties,
which could cause actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's Annual
Report or Form 10-K for the most recently ended
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