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Partner Interview
Published July 31, 2025

NVR: Operational Discipline

Executive Bio

Former Division President at NVR

Interview Transcript

Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.

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Why do you think that?

I think it's the tenure of management. We're not just doing it for units; people care about it. For instance, when I was there, we monitored that nobody could have more than 10 homes under construction at one time. When you talk to other companies, we'd get people coming from Horton, LGI, and Lennar, and they'd have 70 homes under construction. There's no way to monitor quality at that scale. Often, subcontractors are driving the ship. They show up, aren't managed, do their work, and the next person covers it up. It was eye-opening to me that affordability often trumps quality in terms of volume for these home builders. All the big ones are in the same boat, doing high-volume, big-box, efficient work. I used to think quality mattered more, but affordability is a huge pressure now. When I was growing up, it was more affordable for my wife and me to buy a first home. It's not anymore. If you can dominate in quality, efficiency, and cost, I think those builders will rise to the top.

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