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Why Shares of NVR Climbed 56% in 2019

TheMotleyFool

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Why Shares of NVR Climbed 56% in 2019Photo, wide shot, wide-angle lens, Bank, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/094456a7-d529-4ef2-b536-c031f2afd618.png

At the start of 2019, many investors expected it was going to be a challenging year for homebuilders, with mortgage rates creeping higher and first-time home buyers potentially skittish due to economic uncertainty. But those higher interest rates didn't materialize and the economy remained strong, both of which helped power homebuilder NVR (NYSE: NVR) to a 56.3% gain for the year, according to data provided by S&P Global Market Intelligence.