NVR, Inc. NVR, one of the nation’s largest homebuilding and mortgage-banking companies, reported second-quarter 2017 earnings of $35.19 per share, surpassing the Zacks Consensus Estimate of $28.63 by 22.9%. The reported figure also rose 60% from the year-ago profit level of $22.01 per share.Total revenue (Homebuilding & Mortgage Banking fees) was $1.54 billion in the quarter and increased 11% year over year, driven by higher housing revenues and mortgage-banking fees.Segment DetailsHomebuilding: In the reported quarter, homebuilding revenues rose 11% year over year to $1.51 billion.New orders climbed 8% to 4,678 homes, driven by demand growth in the housing markets served by NVR. Settlements increased 9% year over year to 3,917 units. Average sales price was $377,000, down 2% from a year ago due to a shift in new orders from higher priced markets to lower priced markets.At the end of the reported quarter, average community count was 491, up 1.7% year over year.The company’s backlog totaled 8,813 homes (as of Jun 30, 2017), up 9% year over year. Potential housing revenues from backlog increased 10% to $3.44 billion.MarginsHomebuilding gross margin expanded 220 basis points (bps) to 19.5%, owing to a modest improvement in pricing along with moderating construction costs.As a percentage of homebuilding revenues, selling, general and administrative expenses (SG&A) were 6.6%, down 70 bps year over year.Homebuilding operating margin increased 300 bps year over year to 13%.Mortgage Banking: In the quarter, Mortgage banking fees grew 20.5% year over year to $31.8 million. Mortgage closed loan production in the quarter totaled $1.04 billion, reflecting an increase of 11% year over year.NVR, Inc. Price, Consensus and EPS Surprise NVR, Inc. Price, Consensus and EPS Surprise | NVR, Inc. QuoteFinancialsNVR’s cash and cash equivalents totaled $518.5 million as of Jun 30, 2017, compared with $395.4 million as of Dec 31, 2016.Zacks RankNVR currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Upcoming Releases in the Construction SectorMasco Corporation MAS is slated to release its quarterly results on Jul 27. The Zacks Consensus Estimate for earnings is pegged at 60 cents, showing an increase of 29.8% year over year.PulteGroup, Inc. PHM is slated to release its quarterly results on Jul 25. The Zacks Consensus Estimate for earnings is 45 cents, highlighting an increase of 20.7% on a year-over-year basis.Louisiana-Pacific Corp. LPX is scheduled to release its quarterly numbers on Aug 1. The Zacks Consensus Estimate for earnings is pegged at 61 cents, reflecting an increase of 116.7% on a year-over-year basis.More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Masco Corporation (MAS): Free Stock Analysis Report Louisiana-Pacific Corporation (LPX): Free Stock Analysis Report PulteGroup, Inc. (PHM): Free Stock Analysis Report NVR, Inc. (NVR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research