NVR Shares Plunge 4.92% Amid Tariff Concerns

NVR(NVR) shares plunged 4.92% today, marking the second consecutive day of decline, with a total drop of 9.59% over the past two days. The stock price hit its lowest level since December 2023, experiencing an intraday decline of 5.78%.

The primary factor influencing NVR's stock price is the impact of tariffs on building materials. While the homebuilding sector saw a boost from a tariff exemption on lumber imports from Canada, concerns persist regarding tariffs on other essential materials. This has led to increased home prices, resulting in a decline in NVR's stock value, similar to other homebuilder stocks.