NVR: Land Acquisition Model & Corporate Culture
Former Land Acquisition Manager at NVR
inpractise.com/articles/nvr-land-acquisition-model-and-corporate-culture
NVR: Land Acquisition Model & Corporate Culture(July 3, 2025)
Former Land Acquisition Manager at NVR
Interview Transcript
This is a snippet of the transcript, sign up to read more.
How does that compare to the home builder you are with now, and you're also in land acquisition? Do they handle it very differently? Is it structured differently?
It's similarly structured overall on the acquisition side. The biggest difference is that where I am now, we actually do land development. We close on parcels and take them through the whole process ourselves. We have an entire development team for that. Whereas NVR doesn't self-develop anything; they use an asset-light model with third-party developers. That's the biggest difference. But on the acquisition side, it's pretty comparable in terms of structure and layout.
This is a snippet of the transcript, sign up to read more.
They just want the least possible obligation or future obligation. Lennar is also promoting this LPA strategy. D.R. Horton and others are doing it too. Do they handle it the same way as NVR, or do they use expiration dates? Or down payments.
Financial markets appreciate NVR's balance sheet. People often joke that NVR is a finance company that happens to build homes because of how they operate.
This is a snippet of the transcript, sign up to read more.
Related Content
LGI Homes: New Home Sales Process
Former Sales Manager at LGI Homes
LGI Homes: Building In Sets & Process-Based Culture
Former Senior Executive at BluePac Energy
LGI Homes, Lennar, D.R. Horton & US Homebuilding Scale Advantages
Former Purchasing Manager at Lennar
LGI Homes, Lennar, D.R Horton: US Homebuilder Market Dynamics
Former VP of Sales at LGI Homes
Copyright Notice
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2025 IP 1 Ltd. All rights reserved.