NVR authorizes repurchase of up $750M of outstanding common stock

NVR, Inc. announced that its board of directors has authorized the repurchase of up to an aggregate of $750M of its outstanding common stock. The repurchase authorization does not have an expiration date. “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 stated.