RESTON,
Va., June 6, 2023 /PRNewswire/ -- NVR, Inc.
(NYSE: NVR), one of the nation's largest homebuilding and
mortgage banking companies, announced that Dwight C. Schar was inducted into the National
Association of Homebuilders (NAHB) National Housing Hall of Fame at
a ceremony held at the National Housing Center in Washington D.C. on June
6, 2023.
Mr. Schar began his homebuilding career with Ryan Homes in
1968. Mr. Schar left Ryan Homes to start NVHomes and later
founded NVR when NVHomes acquired Ryan Homes.
Mr. Schar served as Chairman of the Board from September 1993 until his retirement in
May 2022 and as CEO of NVR from 1993
through June 2005. Mr. Schar's
leadership and strategic guidance through many business cycles,
including the Global Financial Crisis, has led to the long-term
success of NVR. Mr. Schar was instrumental in transforming
NVR into the nation's third largest homebuilder in terms of market
capitalization as well as achieving industry leading financial
returns.
In addition to his contributions to NVR, Mr. Schar has also left
a lasting impression on the community, most notably with the
establishment of the Inova Schar Cancer Institute, the Inova Schar
Heart and Vascular Institute, the George Mason
University Schar School of Policy and Government, the
Ashland University Dwight Schar College
of Education, the Ashland University
Dwight Schar College of Nursing and Health Sciences and the Schar
Center at Elon University.
The Company would like to congratulate Dwight on receiving this
well-deserved honor.
About NVR
NVR, Inc. operates in two business segments: homebuilding
and mortgage banking. The homebuilding segment sells and
builds homes under the Ryan Homes, NVHomes and Heartland Homes
trade names, and operates in thirty-five metropolitan areas in
fifteen states and Washington,
D.C. For more information about NVR, Inc. and its brands, see
www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and
www.heartlandluxuryhomes.com.
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SOURCE NVR, Inc.