NVR Stock Balance Sheets

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Quarterly

Annual

Cash and Cash Eq

Account Payables

NVR Quarterly Balance Sheets Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2008-09-30	2006-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31

assets
homebuilding:
cash and cash equivalents	1,726,865,000	2,176,902,000	2,561,339,000	2,474,219,000	2,438,473,000	2,841,354,000	3,126,472,000	2,876,606,000	2,678,709,000	2,786,503,000	2,503,424,000	1,748,506,000	1,483,445,000	2,138,706,000	2,545,069,000	2,681,110,000	2,597,565,000	2,753,123,000	2,714,720,000	2,539,460,000	1,982,890,000	1,078,598,000	1,110,892,000	1,068,172,000	860,956,000	805,195,000	688,783,000	598,789,000	417,341,000	414,763,000	645,087,000	611,094,000	518,482,000	482,689,000	375,748,000	249,728,000	353,176,000	302,945,000	397,522,000	375,886,000	476,493,000	520,532,000	514,780,000	455,387,000	538,940,000	874,062,000	844,274,000	804,629,000	773,289,000	1,082,792,000	1,139,103,000	1,071,999,000	587,646,000	567,922,000	475,566,000	492,331,000	927,370,000	1,217,670,000	1,053,166,000	1,089,399,000	1,340,978,000	1,248,689,000	1,114,581,000	582,157,000	963,313,000		240,340,000	259,804,000	248,839,000	362,458,000	256,141,000	137,977,000	207,992,000	228,589,000	220,282,000	390,179,000	92,393,000	139,796,000
restricted cash	53,240,000	64,264,000	42,172,000	46,474,000	46,218,000	44,099,000	41,483,000	48,979,000	51,392,000	47,995,000	48,455,000	51,239,000	60,695,000	65,562,000	60,730,000	41,820,000	42,543,000	36,193,000	28,912,000	28,026,000	24,650,000	23,238,000	17,943,000	18,337,000	20,403,000	19,609,000	16,982,000	19,194,000	22,130,000	20,767,000	19,438,000	13,797,000	15,963,000	14,857,000	17,561,000
receivables	41,496,000	36,543,000	32,622,000	35,563,000	35,491,000	36,306,000	29,000,000	33,878,000	26,757,000	23,307,000	20,842,000	28,378,000	29,007,000	23,471,000	18,552,000	22,525,000	24,484,000	22,059,000	18,299,000	21,461,000	20,801,000	27,089,000	18,278,000	29,276,000	28,943,000	30,488,000	18,641,000	26,363,000	30,179,000	22,374,000	20,026,000	20,448,000	22,110,000	19,876,000	18,937,000	13,921,000	17,464,000	13,829,000	11,482,000	9,850,000	15,987,000	10,024,000	10,021,000	11,465,000	15,196,000	10,055,000	9,529,000	13,137,000	14,822,000	14,536,000	9,421,000	9,973,000	9,612,000	6,028,000	6,789,000	7,281,000	7,871,000	7,378,000	10,714,000	15,011,000	8,091,000	7,995,000	9,015,000	9,227,000	10,444,000		19,212,000	36,346,000	17,119,000	14,020,000	16,001,000	22,795,000	19,860,000	9,550,000	15,444,000	14,374,000	10,142,000	10,807,000
inventory:
lots and housing units, covered under sales agreements with customers	1,797,104,000	1,774,287,000		1,946,533,000	1,927,451,000	1,790,687,000	1,674,686,000	1,723,838,000	1,815,169,000	1,630,861,000	1,554,955,000	1,931,639,000	2,138,456,000	1,997,115,000	1,777,862,000	1,697,959,000	1,792,293,000	1,623,941,000	1,484,936,000	1,541,587,000	1,340,444,000	1,216,514,000	1,075,420,000	1,236,831,000	1,199,015,000	1,101,147,000	1,076,904,000	1,263,588,000	1,263,408,000	1,170,604,000	1,046,094,000	1,187,508,000	1,155,047,000	1,025,071,000	883,868,000	1,107,919,000	1,046,334,000	915,352,000	785,982,000	987,933,000	943,970,000	797,705,000	690,955,000	837,626,000	788,848,000	687,080,000	568,831,000	750,209,000	766,178,000	653,799,000	515,498,000	551,059,000	530,577,000	468,434,000	363,833,000	420,680,000	390,498,000	349,096,000	411,045,000	340,577,000	430,944,000	337,523,000	415,104,000	416,270,000	536,895,000		853,709,000	754,876,000	640,339,000	538,770,000	659,103,000	621,491,000	524,471,000	480,492,000	553,545,000	502,614,000	413,317,000	400,008,000
unsold lots and housing units	304,743,000	242,217,000	237,177,000	223,828,000	229,319,000	245,262,000	214,666,000	220,901,000	158,004,000	181,900,000	181,952,000	194,882,000	177,372,000	142,015,000	127,434,000	130,427,000	131,668,000	116,141,000	123,197,000	124,371,000	172,394,000	210,328,000	184,352,000	161,417,000	132,667,000	122,966,000	115,631,000	102,794,000	113,493,000	124,312,000	148,620,000	158,049,000	147,195,000	129,931,000	145,065,000	134,626,000	127,210,000	168,945,000	147,832,000	110,589,000	104,484,000	110,010,000	131,938,000	108,879,000	89,275,000	98,478,000	117,467,000	97,102,000	72,704,000	79,639,000	81,932,000	69,452,000	89,712,000	88,571,000	82,578,000	62,520,000	58,071,000	60,172,000	72,972,000	55,871,000	62,964,000	73,673,000	59,370,000	38,537,000	67,570,000		53,340,000	42,419,000	47,588,000	40,052,000	35,456,000	22,576,000	29,852,000	32,888,000	34,743,000	26,257,000	27,477,000	25,558,000
land under development	39,450,000	70,050,000	65,394,000	63,339,000	61,512,000	59,050,000	36,895,000	41,238,000	24,502,000	28,814,000	27,100,000	15,230,000	16,274,000	14,668,000	12,147,000	8,151,000	7,794,000	63,153,000	62,790,000	63,608,000	69,323,000	68,139,000	69,196,000	80,193,000	46,725,000	37,781,000	38,857,000	36,064,000	35,292,000	33,078,000	34,212,000	19,182,000	46,685,000	63,684,000	46,999,000	62,327,000	58,751,000	163,826,000	60,611,000	53,203,000	25,554,000	35,813,000	33,689,000	55,668,000	63,789,000	46,083,000	41,328,000	59,409,000	87,570,000	96,233,000	68,336,000	71,102,000	70,993,000	70,225,000	78,045,000	91,392,000	78,468,000	77,075,000	72,856,000	17,000,000
building materials and other	28,743,000	23,818,000	28,893,000	23,697,000	26,137,000	22,035,000	23,903,000	17,796,000	22,414,000	23,967,000	24,268,000	28,698,000	46,643,000	39,841,000	29,923,000	26,988,000	41,618,000	26,557,000	38,159,000	33,620,000	20,379,000	20,659,000	18,320,000	18,008,000	19,321,000	19,275,000	21,718,000	18,624,000	21,422,000	16,398,000	17,273,000	11,820,000	16,024,000	13,748,000	16,168,000	11,858,000	15,319,000	13,012,000	12,101,000	9,730,000	11,083,000	11,053,000	12,904,000	11,560,000	10,593,000	10,357,000	10,939,000
contract land deposits	837,845,000	757,197,000	726,675,000	668,436,000	646,341,000	609,407,000	576,551,000	530,170,000	516,709,000	501,667,000	496,080,000	521,572,000	524,398,000	512,042,000	497,139,000	453,255,000	425,301,000	396,903,000	387,628,000	377,105,000	360,978,000	369,256,000	413,851,000	404,850,000	409,754,000	389,332,000	396,177,000	374,350,000	361,052,000	361,891,000	370,429,000	365,142,000	358,405,000	369,703,000	379,844,000	377,496,000	375,071,000	346,951,000	343,295,000	318,588,000	301,848,000	295,121,000	294,676,000	283,579,000	253,808,000	246,204,000	236,885,000	218,527,000	207,729,000	193,216,000	191,538,000	173,404,000	155,860,000	140,328,000	131,930,000	127,570,000	129,202,000	116,753,000	91,005,000	71,389,000	63,630,000	49,906,000	32,326,000	31,664,000	130,575,000		514,272,000	478,774,000	418,482,000	384,959,000	335,660,000	305,916,000	288,965,000	284,432,000	270,962,000	235,578,000	229,129,000	231,229,000
property, plant and equipment	100,280,000	98,038,000	95,619,000	85,998,000	79,057,000	63,095,000	63,716,000	58,743,000	57,711,000	56,533,000	57,950,000	55,982,000	57,397,000	56,829,000	56,979,000	55,253,000	54,379,000	55,720,000	57,786,000	58,570,000	50,459,000	50,905,000	52,260,000	50,463,000	48,279,000	43,269,000	42,234,000	42,399,000	41,612,000	41,326,000	43,191,000	43,822,000	43,995,000	45,116,000	45,915,000	45,321,000	46,067,000	44,933,000	44,651,000	44,911,000	45,071,000	46,343,000	46,242,000	46,365,000	44,252,000	34,321,000	32,599,000	31,622,000	29,108,000	27,736,000	27,016,000	27,140,000	25,114,000	24,256,000	23,243,000	22,986,000	23,530,000	18,963,000	18,859,000	19,075,000	19,065,000	20,215,000	20,624,000	21,660,000	26,834,000		25,254,000	25,556,000	25,299,000	25,330,000	24,435,000	23,885,000	24,186,000	24,531,000	22,151,000	22,058,000	21,998,000	22,126,000
operating lease right-of-use assets	86,206,000	84,791,000	78,340,000	74,415,000	73,345,000	66,716,000	70,384,000	72,358,000	73,469,000	71,593,000	71,081,000	69,933,000	68,323,000	59,819,000	59,010,000	60,605,000	61,740,000	50,770,000	53,110,000	54,964,000	57,701,000	60,003,000	63,825,000	63,505,000	65,027,000	65,519,000
reorganization value in excess of amounts allocable to identifiable assets	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000		41,580,000	41,580,000	41,580,000	41,580,000	7,347,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000	41,580,000
other assets	295,858,000	264,138,000	108,986,000	251,027,000	258,172,000	249,390,000	94,746,000	233,768,000	239,086,000	237,032,000	75,898,000	230,255,000	233,987,000	220,675,000	96,124,000	211,557,000	215,168,000	219,479,000	70,419,000	204,343,000	196,498,000	191,337,000	60,413,000	181,234,000	185,727,000	192,115,000	71,671,000	192,869,000	205,760,000	204,329,000	86,977,000	266,572,000	265,539,000	277,489,000	87,159,000	280,245,000	293,818,000	289,800,000	122,989,000	305,918,000	303,435,000	305,021,000	137,091,000	316,189,000	311,060,000	311,684,000	145,555,000	287,485,000	290,970,000	288,525,000	125,018,000	285,417,000	275,630,000	275,664,000	112,997,000	288,495,000	285,292,000	232,072,000	235,154,000	240,394,000	250,697,000	58,319,000	231,968,000	224,081,000	253,785,000		120,875,000	118,876,000	115,890,000	36,587,000	109,461,000	111,115,000	109,111,000	43,590,000	115,814,000	116,902,000	114,582,000	35,365,000
mortgage banking:
mortgage loans held for sale	415,974,000	391,914,000	355,209,000	379,232,000	392,943,000	332,510,000	222,560,000	325,792,000	438,756,000	319,248,000	316,806,000	316,094,000	335,624,000	312,726,000	302,192,000	287,525,000	344,680,000	334,782,000	449,760,000	340,927,000	325,208,000	430,942,000	492,125,000	411,223,000	462,693,000	422,557,000	458,324,000	322,944,000	399,806,000	344,023,000	352,489,000	258,554,000	241,398,000	213,433,000	351,958,000	291,303,000	275,145,000	189,191,000	319,553,000	260,074,000	265,418,000	154,785,000	205,664,000	198,597,000	170,470,000	123,833,000	210,641,000	153,928,000	176,285,000	128,050,000	188,929,000	128,452,000	150,378,000	113,723,000	252,352,000	192,203,000	181,525,000	105,611,000	170,601,000	244,313,000	83,385,000	40,097,000	110,095,000	123,177,000	113,839,000		143,534,000	153,614,000	113,991,000	138,595,000	127,468,000	113,652,000	116,640,000	96,772,000	130,636,000	143,823,000	160,430,000	163,410,000
property and equipment	8,053,000	7,286,000	7,373,000	7,086,000	7,069,000	7,438,000	6,348,000	6,182,000	4,704,000	3,347,000	3,559,000	3,250,000	3,296,000	3,386,000	3,658,000	3,948,000	4,236,000	4,460,000	4,544,000	4,896,000	5,258,000	5,579,000	5,828,000	6,058,000	6,240,000	6,274,000	6,510,000	6,763,000	7,018,000	6,237,000	6,327,000	6,308,000	5,530,000	5,434,000	4,903,000	5,085,000	5,079,000	5,093,000	5,313,000	5,502,000	5,675,000	5,957,000	6,189,000	6,459,000	6,433,000	4,999,000	4,699,000	4,165,000	3,593,000	2,833,000	2,465,000	2,173,000	1,947,000	1,710,000	1,694,000	1,066,000	1,081,000	887,000	741,000	821,000	739,000	446,000	544,000	586,000	903,000		903,000	925,000	930,000	996,000	1,041,000	1,021,000	1,025,000	875,000	873,000	932,000	969,000	941,000
total assets	5,939,339,000	6,195,533,000	6,380,988,000	6,488,159,000	6,407,288,000	6,538,157,000	6,601,757,000	6,372,263,000	6,266,775,000	6,075,905,000	5,660,973,000	5,389,534,000	5,287,699,000	5,726,213,000	5,834,475,000	5,788,894,000	5,854,436,000	5,820,808,000	5,777,141,000	5,499,920,000	4,730,020,000	3,887,523,000	3,809,815,000	3,843,359,000	3,603,240,000	3,362,771,000	3,165,933,000	3,089,823,000	3,009,395,000	2,846,065,000	2,989,279,000	3,049,511,000	2,918,087,000	2,742,299,000	2,643,943,000	2,663,216,000	2,698,424,000	2,541,651,000	2,515,131,000	2,570,682,000	2,596,235,000	2,376,134,000	2,351,335,000	2,413,076,000	2,382,063,000	2,524,753,000	2,486,148,000	2,518,897,000	2,531,167,000	2,665,055,000	2,604,842,000	2,480,726,000	1,990,960,000	1,850,912,000	1,779,485,000	1,799,616,000	2,175,675,000	2,275,728,000	2,249,819,000	2,359,435,000	2,476,397,000	2,395,770,000	2,374,780,000	2,237,085,000	2,308,152,000		2,216,114,000	2,114,611,000	1,844,526,000	1,777,967,000	1,706,444,000	1,495,481,000	1,449,637,000	1,363,105,000	1,446,477,000	1,529,852,000	1,143,251,000	1,182,288,000
nvr, inc.
condensed consolidated balance sheets
liabilities and shareholders' equity
accounts payable	367,929,000	364,929,000	332,772,000	370,131,000	421,457,000	391,591,000	347,738,000	373,303,000	377,558,000	353,141,000	334,016,000	393,941,000	417,771,000	398,516,000	336,560,000	329,863,000	380,957,000	360,881,000	339,867,000	342,412,000	294,254,000	306,087,000	262,987,000	285,714,000	309,419,000	283,119,000	244,496,000	283,762,000	290,923,000	265,155,000	261,973,000	267,039,000	271,899,000	237,700,000	251,212,000	281,530,000	272,768,000	232,221,000	227,437,000	260,941,000	256,521,000	193,927,000	204,622,000	227,936,000	231,633,000		181,687,000	221,343,000	196,628,000	170,129,000	163,446,000		158,358,000	137,066,000		146,837,000	148,658,000	115,977,000	145,268,000	161,708,000	144,153,000	120,464,000	150,304,000	142,557,000	181,403,000		281,210,000	240,726,000	205,106,000	215,002,000	224,550,000	195,880,000	179,620,000	185,913,000	171,221,000	167,720,000	137,227,000	145,209,000
accrued expenses and other liabilities	333,456,000	455,369,000	441,300,000	406,319,000	405,338,000	380,811,000	413,043,000	386,299,000	291,563,000	459,335,000	437,234,000	427,072,000	388,179,000	501,091,000	435,860,000	416,266,000	419,454,000	458,849,000	440,671,000	387,757,000	349,113,000	274,127,000	346,035,000	319,347,000	299,466,000	310,880,000	332,871,000	322,560,000	306,452,000	314,897,000	341,891,000	337,932,000	317,168,000	317,828,000	336,318,000	309,939,000	294,604,000	298,045,000	304,922,000	301,594,000	299,553,000	266,119,000	289,058,000	289,696,000	296,045,000		316,227,000	270,750,000	247,965,000	193,004,000	234,804,000		190,377,000	186,024,000		203,297,000	184,615,000	172,608,000	215,507,000	207,281,000	184,194,000	221,352,000	198,106,000	163,250,000	235,564,000		228,940,000	264,159,000	188,576,000	177,041,000	199,357,000	179,247,000	192,314,000	175,259,000	138,227,000	129,682,000	130,099,000	142,215,000
customer deposits	295,145,000	315,746,000	322,926,000	358,609,000	369,274,000	355,331,000	334,441,000	355,311,000	368,763,000	335,230,000	313,804,000	376,160,000	439,119,000	453,178,000	417,463,000	381,594,000	365,443,000	314,453,000	240,758,000	211,122,000	158,016,000	147,161,000	131,886,000	142,937,000	146,207,000	142,634,000	138,246,000	167,676,000	172,033,000	167,486,000	150,033,000	162,285,000	165,684,000	148,353,000	122,236,000	144,697,000	141,746,000	126,552,000	110,965,000	132,072,000	138,383,000	125,965,000	106,755,000	119,423,000	128,320,000		101,022,000	122,227,000	137,765,000	124,862,000	99,687,000		90,255,000	79,374,000		66,640,000	67,593,000	62,894,000	70,462,000	69,344,000	72,261,000	63,591,000	66,819,000	70,163,000	93,117,000		289,152,000	287,813,000	230,580,000	203,835,000	212,136,000	213,800,000	180,042,000	157,005,000	165,515,000	160,549,000	132,523,000	118,174,000
operating lease liabilities	92,160,000	90,489,000	83,939,000	79,796,000	78,563,000	72,052,000	75,797,000	77,639,000	78,661,000	76,547,000	75,818,000	74,670,000	73,075,000	64,546,000	64,128,000	66,002,000	67,413,000	56,697,000	59,357,000	61,382,000	64,540,000	66,980,000	71,095,000	70,864,000	72,360,000	72,965,000
senior notes	910,145,000	910,633,000	911,118,000	911,599,000	912,078,000	912,554,000	913,027,000	913,496,000	913,963,000	914,427,000	914,888,000	915,346,000	915,801,000	1,515,964,000	1,516,255,000	1,516,544,000	1,516,830,000	1,517,114,000	1,517,395,000	1,517,982,000	1,193,962,000	598,456,000	598,301,000	598,146,000	597,991,000	597,836,000	597,681,000	597,527,000	597,373,000	597,220,000	597,066,000	596,913,000	596,760,000	596,607,000	596,455,000	596,303,000	596,151,000	595,999,000	599,260,000	599,237,000	599,213,000	599,189,000	599,166,000	599,143,000	599,120,000		599,075,000	599,053,000	599,031,000	599,010,000	598,988,000										133,370,000	133,370,000	133,370,000	135,370,000	200,000,000		200,000,000	200,000,000	200,000,000	200,000,000	200,000,000	200,000,000	200,000,000	200,000,000	200,000,000	315,000,000	115,000,000	115,000,000
accounts payable and other liabilities	68,785,000	79,009,000	53,433,000	67,029,000	63,960,000	57,400,000	127,511,000	67,333,000	58,667,000	68,969,000	61,396,000	102,101,000	47,868,000	58,098,000	51,394,000	50,077,000	49,605,000	53,335,000	62,720,000	45,906,000	42,500,000	61,141,000	43,985,000	40,084,000	43,387,000	43,327,000	44,077,000	35,982,000	35,043,000	34,499,000	32,824,000	33,813,000	29,925,000	32,652,000	32,399,000	30,731,000	34,603,000	31,141,000	32,291,000	34,729,000	26,032,000	24,119,000	25,797,000	22,503,000	24,195,000		21,774,000	27,395,000	25,595,000	21,244,000	20,686,000		27,353,000	26,731,000		28,420,000	24,891,000	20,405,000	22,824,000	24,612,000	15,346,000	19,306,000	23,797,000	17,047,000	13,858,000		18,058,000	13,149,000	4,715,000	11,949,000	14,047,000	11,926,000	10,902,000	12,166,000	19,627,000	17,025,000	13,620,000	16,482,000
total liabilities	2,094,208,000	2,240,869,000	2,170,916,000	2,216,911,000	2,273,380,000	2,193,776,000	2,237,032,000	2,199,680,000	2,113,512,000	2,230,559,000	2,154,124,000	2,304,695,000	2,296,033,000	3,000,614,000	2,832,097,000	2,771,843,000	2,812,148,000	2,774,301,000	2,674,067,000	2,580,927,000	2,117,608,000	1,470,604,000	1,468,571,000	1,471,902,000	1,483,801,000	1,463,995,000	1,357,371,000	1,407,507,000	1,401,824,000	1,379,257,000	1,383,787,000	1,398,835,000	1,382,310,000	1,334,019,000	1,339,502,000	1,364,077,000	1,340,823,000	1,285,188,000	1,275,966,000	1,330,192,000	1,321,354,000	1,210,897,000	1,227,080,000	1,261,682,000	1,282,848,000		1,224,796,000	1,243,803,000	1,210,888,000	1,112,963,000	1,124,365,000		469,136,000	432,671,000		453,597,000	524,879,000	457,527,000	563,141,000	543,969,000	607,673,000	638,508,000	703,193,000	688,483,000	935,677,000		1,310,715,000	1,298,221,000	1,058,555,000	942,972,000	1,058,464,000	984,053,000	932,256,000	868,237,000	881,405,000	973,768,000	715,356,000	779,043,000
commitments and contingencies
shareholders' equity:
common stock	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000		206,000	206,000	206,000	206,000	206,000		206,000	206,000		206,000	206,000	206,000	206,000	206,000	206,000		206,000	206,000	206,000		206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000	206,000
additional paid-in capital	3,085,904,000	3,057,037,000	3,031,637,000	2,989,776,000	2,935,053,000	2,905,707,000	2,848,528,000	2,801,027,000	2,747,687,000	2,676,641,000	2,600,014,000	2,538,812,000	2,498,123,000	2,416,660,000	2,378,191,000	2,349,000,000	2,314,564,000	2,272,006,000	2,214,426,000	2,188,207,000	2,151,623,000	2,127,315,000	2,055,407,000	2,020,180,000	1,962,156,000	1,899,100,000	1,820,223,000	1,762,323,000	1,721,696,000	1,678,100,000	1,644,197,000	1,626,112,000	1,607,958,000	1,570,270,000	1,515,828,000	1,499,770,000	1,483,064,000	1,467,000,000	1,447,795,000	1,420,214,000	1,389,725,000	1,370,763,000	1,325,495,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both june 30, 2025 and december 31, 2024	-16,710,000
deferred compensation liability	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,710,000	16,912,000	16,912,000	16,912,000	16,912,000	16,912,000	16,937,000	16,928,000	17,148,000	17,389,000	17,383,000	17,376,000	17,371,000	17,383,000	17,375,000	17,367,000	17,355,000	17,343,000	17,333,000	17,333,000	17,333,000	17,333,000	17,333,000	17,333,000	17,741,000		17,741,000	17,741,000	17,741,000	17,864,000	25,331,000		25,331,000	25,331,000		25,582,000	25,582,000	25,582,000	27,582,000	27,582,000	39,856,000	40,799,000	40,799,000	44,307,000	75,495,000		76,303,000	76,303,000	76,303,000	76,366,000	63,877,000	63,877,000	64,348,000	64,725,000	52,235,000	52,235,000	52,235,000	35,647,000
retained earnings	15,680,266,000	15,346,529,000	15,046,953,000	14,589,521,000	14,160,198,000	13,759,294,000	13,365,025,000	12,954,950,000	12,521,793,000	12,117,766,000	11,773,414,000	11,318,646,000	10,907,253,000	10,473,939,000	10,047,839,000	9,713,258,000	9,381,177,000	9,059,882,000	8,811,120,000	8,506,116,000	8,249,650,000	8,085,575,000	7,909,872,000	7,653,735,000	7,429,948,000	7,219,739,000	7,031,333,000	6,799,175,000	6,603,359,000	6,400,185,000	6,231,940,000	6,107,321,000	5,945,219,000	5,797,342,000	5,695,376,000	5,544,485,000	5,427,093,000	5,335,417,000	5,270,114,000	5,136,110,000	5,019,640,000	4,926,245,000	4,887,187,000	4,787,736,000	4,697,584,000		4,605,557,000	4,507,746,000	4,424,811,000	4,374,121,000	4,339,080,000		4,225,453,000	4,178,615,000		4,126,100,000	4,082,691,000	4,044,246,000	3,970,374,000	3,926,430,000	3,855,154,000	3,823,067,000	3,762,428,000	3,690,301,000	3,661,344,000		2,386,091,000	2,196,648,000	2,028,999,000	1,911,069,000	1,752,131,000	1,604,452,000	1,488,482,000	1,387,865,000	1,260,375,000	1,150,972,000	1,055,880,000	968,074,000
less treasury stock at cost – 17,672,115 and 17,543,686 shares as of june 30, 2025 and december 31, 2024, respectively	-14,921,245,000
total shareholders' equity	3,845,131,000	3,954,664,000	4,210,072,000	4,271,248,000	4,133,908,000	4,344,381,000	4,364,725,000	4,172,583,000	4,153,263,000	3,845,346,000	3,506,849,000	3,084,839,000	2,991,666,000	2,725,599,000	3,002,378,000	3,017,051,000	3,042,288,000	3,046,507,000	3,103,074,000	2,918,993,000	2,612,412,000	2,416,919,000	2,341,244,000	2,371,457,000	2,119,439,000	1,898,776,000	1,808,562,000	1,682,316,000	1,607,571,000	1,466,808,000	1,605,492,000	1,650,676,000	1,535,777,000	1,408,280,000	1,304,441,000	1,299,139,000	1,357,601,000	1,256,463,000	1,239,165,000	1,240,490,000	1,274,881,000	1,165,237,000	1,124,255,000
total liabilities and shareholders' equity	5,939,339,000	6,195,533,000	6,380,988,000	6,488,159,000	6,407,288,000	6,538,157,000	6,601,757,000	6,372,263,000	6,266,775,000	6,075,905,000	5,660,973,000	5,389,534,000	5,287,699,000	5,726,213,000	5,834,475,000	5,788,894,000	5,854,436,000	5,820,808,000	5,777,141,000	5,499,920,000	4,730,020,000	3,887,523,000	3,809,815,000	3,843,359,000	3,603,240,000	3,362,771,000	3,165,933,000	3,089,823,000	3,009,395,000	2,846,065,000	2,989,279,000	3,049,511,000	2,918,087,000	2,742,299,000	2,643,943,000	2,663,216,000	2,698,424,000	2,541,651,000	2,515,131,000	2,570,682,000	2,596,235,000	2,376,134,000	2,351,335,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both march 31, 2025 and december 31, 2024		-16,710,000
less treasury stock at cost – 17,610,715 and 17,543,686 shares as of march 31, 2025 and december 31, 2024, respectively		-14,449,108,000
lots and housing units covered under sales agreements with customers			1,727,243,000
deferred tax assets			142,192,000				148,005,000				143,585,000				132,894,000				132,980,000				115,731,000				112,333,000				111,953,000				170,652,000				161,805,000				165,189,000				162,378,000				145,618,000				155,881,000							200,340,000								73,191,000				73,985,000				74,642,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both december 31, 2024 and december 31, 2023			-16,710,000
less treasury stock at cost – 17,543,686 and 17,360,454 shares as of december 31, 2024 and december 31, 2023, respectively			-13,868,724,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both september 30, 2024 and december 31, 2023				-16,710,000
less treasury stock at cost – 17,490,540 and 17,360,454 shares as of september 30, 2024 and december 31, 2023, respectively				-13,308,255,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both june 30, 2024 and december 31, 2023					-16,710,000
less treasury stock at cost – 17,465,064 and 17,360,454 shares as of june 30, 2024 and december 31, 2023, respectively					-12,961,549,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both march 31, 2024 and december 31, 2023						-16,710,000
less treasury stock at cost – 17,387,705 and 17,360,454 shares as of march 31, 2024 and december 31, 2023, respectively						-12,320,826,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both december 31, 2023 and december 31, 2022							-16,710,000
less treasury stock at cost – 17,360,454 and 17,336,397 shares as of december 31, 2023 and december 31, 2022, respectively							-11,849,034,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both september 30, 2023 and december 31, 2022								-16,710,000
less treasury stock at cost – 17,345,353 and 17,336,397 shares as of september 30, 2023 and december 31, 2022, respectively								-11,583,600,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both june 30, 2023 and december 31, 2022									-16,710,000
less treasury stock at cost – 17,294,792 and 17,336,397 shares as of june 30, 2023 and december 31, 2022, respectively									-11,116,423,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both march 31, 2023 and december 31, 2022										-16,710,000
less treasury stock at cost – 17,313,580 and 17,336,397 shares as of march 31, 2023 and december 31, 2022, respectively										-10,949,267,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both december 31, 2022 and december 31, 2021											-16,710,000
less treasury stock at cost – 17,336,397 and 17,107,889 shares as of december 31, 2022 and december 31, 2021, respectively											-10,866,785,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both september 30, 2022 and december 31, 2021												-16,710,000
less treasury stock at cost – 17,343,353 and 17,107,889 shares as of september 30, 2022 and december 31, 2021, respectively												-10,772,825,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both june 30, 2022 and december 31, 2021													-16,710,000
less treasury stock at cost – 17,271,177 and 17,107,889 shares as of june 30, 2022 and december 31, 2021, respectively													-10,413,916,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both march 31, 2022 and december 31, 2021														-16,710,000
less treasury stock at cost – 17,240,495 and 17,107,889 shares as of march 31, 2022 and december 31, 2021, respectively														-10,165,206,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both december 31, 2021 and december 31, 2020															-16,710,000
less treasury stock at cost – 17,107,889 and 16,859,753 shares as of december 31, 2021 and december 31, 2020, respectively															-9,423,858,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both september 30, 2021 and december 31, 2020																-16,710,000
less treasury stock at cost – 17,042,644 and 16,859,753 shares as of september 30, 2021 and december 31, 2020, respectively																-9,045,413,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of both june 30, 2021 and december 31, 2020																	-16,710,000
less treasury stock at cost – 16,976,140 and 16,859,753 shares as of june 30, 2021 and december 31, 2020, respectively																	-8,653,659,000
deferred compensation trust – 106,697 shares of nvr, inc. common stock as of march 31, 2021 and december 31, 2020																		-16,710,000
less treasury stock at cost – 16,915,721 and 16,859,753 shares as of march 31, 2021 and december 31, 2020, respectively																		-8,285,587,000
deferred compensation trust – 106,697 and 107,295 shares of nvr, inc. common stock as of december 31, 2020 and december 31, 2019, respectively																			-16,710,000
less treasury stock at cost – 16,859,753 and 16,922,558 shares as of december 31, 2020 and december 31, 2019, respectively																			-7,922,678,000
deferred compensation trust – 106,697 and 107,295 shares of nvr, inc. common stock as of september 30, 2020 and december 31, 2019, respectively																				-16,710,000
less treasury stock at cost – 16,836,943 and 16,922,558 shares as of september 30, 2020 and december 31, 2019, respectively																				-7,775,536,000
deferred compensation trust – 106,697 and 107,295 shares of nvr, inc. common stock as of june 30, 2020 and december 31, 2019, respectively																					-16,710,000
less treasury stock at cost – 16,866,242 and 16,922,558 shares as of june 30, 2020 and december 31, 2019, respectively																					-7,789,067,000
deferred compensation trust – 107,295 shares of nvr, inc. common stock as of march 31, 2020 and december 31, 2019																						-16,912,000
less treasury stock at cost – 16,881,636 and 16,922,558 shares as of march 31, 2020 and december 31, 2019, respectively																						-7,796,177,000
deferred compensation trust – 107,295 and 107,340 shares of nvr, inc. common stock as of december 31, 2019 and december 31, 2018, respectively																							-16,912,000
less treasury stock at cost – 16,922,558 and 16,977,499 shares as of december 31, 2019 and december 31, 2018, respectively																							-7,624,241,000
deferred compensation trust – 107,295 and 107,340 shares of nvr, inc. common stock as of september 30, 2019 and december 31, 2018, respectively																								-16,912,000
less treasury stock at cost – 16,857,145 and 16,977,499 shares as of september 30, 2019 and december 31, 2018, respectively																								-7,302,664,000
deferred compensation trust – 107,295 and 107,340 shares of nvr, inc. common stock as of june 30, 2019 and december 31, 2018, respectively																									-16,912,000
less treasury stock at cost – 16,911,734 and 16,977,499 shares as of june 30, 2019 and december 31, 2018, respectively																									-7,272,871,000
deferred compensation trust – 107,295 and 107,340 shares of nvr, inc. common stock as of march 31, 2019 and december 31, 2018, respectively																										-16,912,000
less treasury stock at cost – 16,964,581 and 16,977,499 shares as of march 31, 2019 and december 31, 2018, respectively																										-7,220,269,000
deferred compensation trust – 107,340 and 108,640 shares of nvr, inc. common stock as of december 31, 2018 and december 31, 2017, respectively																											-16,937,000
less treasury stock at cost – 16,977,499 and 16,864,324 shares as of december 31, 2018 and december 31, 2017, respectively																											-7,043,200,000
deferred compensation trust – 107,336 and 108,640 shares of nvr, inc. common stock as of september 30, 2018 and december 31, 2017, respectively																												-16,928,000
less treasury stock at cost – 16,960,261 and 16,864,324 shares as of september 30, 2018 and december 31, 2017, respectively																												-6,879,388,000
deferred compensation trust – 107,904 and 108,640 shares of nvr, inc. common stock as of june 30, 2018 and december 31, 2017, respectively																													-17,148,000
less treasury stock at cost – 16,926,815 and 16,864,324 shares as of june 30, 2018 and december 31, 2017, respectively																													-6,717,690,000
deferred compensation trust – 108,642 and 108,640 shares of nvr, inc. common stock as of march 31, 2018 and december 31, 2017, respectively																														-17,389,000
less treasury stock at cost – 16,936,586 and 16,864,324 shares as of march 31, 2018 and december 31, 2017, respectively																														-6,611,683,000
deferred compensation trust – 108,640 shares of nvr, inc. common stock as of both december 31, 2017 and december 31, 2016																															-17,383,000
less treasury stock at cost – 16,864,324 and 16,862,327 shares as of december 31, 2017 and december 31, 2016, respectively																															-6,270,851,000
assets related to consolidated variable interest entity																																1,222,000	1,243,000	1,248,000	1,251,000	1,247,000	1,311,000	1,731,000	1,749,000	1,799,000	2,902,000	3,545,000	3,590,000	6,232,000	6,802,000	6,588,000	7,268,000	9,808,000	10,209,000	11,436,000	15,626,000	16,210,000	16,648,000	17,546,000	20,182,000	21,802,000	23,022,000	22,801,000
goodwill and finite-lived intangible assets																																1,563,000	1,908,000	2,254,000	2,599,000	2,945,000	3,291,000	3,636,000	3,982,000	4,327,000	4,673,000	5,019,000	5,364,000	5,710,000	6,055,000	6,401,000	6,747,000	7,520,000	8,294,000	8,819,000
liabilities related to consolidated variable interest entity																																853,000	874,000	879,000	882,000	877,000	951,000	1,230,000	1,091,000	1,619,000	1,652,000	1,578,000	1,618,000	2,320,000	2,277,000		1,646,000	2,476,000	2,300,000	2,175,000	2,180,000		1,743,000	1,128,000		1,052,000	1,242,000	995,000
deferred compensation trust – 108,638 and 108,640 shares of nvr, inc. common stock as of september 30, 2017 and december 31, 2016, respectively																																-17,376,000
less treasury stock at cost – 16,819,467 and 16,862,327 shares as of september 30, 2017 and december 31, 2016, respectively																																-6,082,963,000
deferred compensation trust – 108,636 and 108,640 shares of nvr, inc. common stock as of june 30, 2017 and december 31, 2016, respectively																																	-17,371,000
less treasury stock at cost – 16,807,724 and 16,862,327 shares as of june 30, 2017 and december 31, 2016, respectively																																	-6,017,606,000
deferred compensation trust – 108,644 and 108,640 shares of nvr, inc. common stock as of march 31, 2017 and december 31, 2016, respectively																																		-17,383,000
less treasury stock at cost – 16,819,692 and 16,862,327 shares as of march 31, 2017 and december 31, 2016, respectively																																		-5,959,538,000
deferred compensation trust – 108,640 and 108,614 shares of nvr, inc. common stock as of december 31, 2016 and december 31, 2015, respectively																																			-17,375,000
less treasury stock at cost – 16,862,327 and 16,664,342 shares as of december 31, 2016 and december 31, 2015, respectively																																			-5,906,969,000
deferred compensation trust – 108,635 and 108,614 shares of nvr, inc. common stock as of september 30, 2016 and december 31, 2015, respectively																																				-17,367,000
less treasury stock at cost – 16,766,035 and 16,664,342 shares as of september 30, 2016 and december 31, 2015, respectively																																				-5,745,322,000
deferred compensation trust – 108,628 and 108,614 shares of nvr, inc. common stock as of june 30, 2016 and december 31, 2015																																					-17,355,000
less treasury stock at cost – 16,657,701 and 16,664,342 shares as of june 30, 2016 and december 31, 2015, respectively																																					-5,552,762,000
deferred compensation trust – 108,621 and 108,614 shares of nvr, inc. common stock as of march 31, 2016 and december 31, 2015																																						-17,343,000
less treasury stock at cost – 16,660,526 and 16,664,342 shares as of march 31, 2016 and december 31, 2015, respectively																																						-5,546,160,000
non-recourse debt related to consolidated variable interest entity																																											64,000	661,000	1,258,000		3,365,000	559,000	1,604,000	2,539,000	4,574,000		1,050,000	2,348,000		5,685,000	6,535,000	7,587,000
deferred compensation trust – 108,614 shares of nvr, inc. common stock as of both december 31, 2015 and december 31, 2014																																							-17,333,000
less treasury stock at cost – 16,664,342 and 16,506,229 shares as of december 31, 2015 and december 31, 2014, respectively																																							-5,478,950,000
deferred compensation trust – 108,614 shares of nvr, inc. common stock as of both september 30, 2015 and december 31, 2014																																								-17,333,000
less treasury stock at cost – 16,573,224 and 16,506,229 shares as of september 30, 2015 and december 31, 2014, respectively																																								-5,316,040,000
deferred compensation trust – 108,614 shares of nvr, inc. common stock as of both june 30, 2015 and december 31, 2014																																									-17,333,000
less treasury stock at cost – 16,486,160 and 16,506,229 shares as of june 30, 2015 and december 31, 2014, respectively																																									-5,134,690,000
deferred compensation trust – 108,614 shares of nvr, inc. common stock as of both march 31, 2015 and december 31, 2014																																										-17,333,000
less treasury stock at cost – 16,492,618 and 16,506,229 shares as of march 31, 2015 and december 31, 2014, respectively																																										-5,131,977,000
deferred compensation trust – 108,614 and 109,256 shares of nvr, inc. common stock as of december 31, 2014 and 2013, respectively																																											-17,333,000
less treasury stock at cost – 16,506,229 and 16,121,605 shares as of december 31, 2014 and 2013, respectively																																											-5,088,633,000
liabilities and shareholders’ equity
shareholders’ equity:
additional paid-in-capital																																												1,299,533,000	1,277,755,000		1,212,050,000	1,208,653,000	1,196,385,000	1,184,961,000	1,169,699,000		1,113,118,000	1,074,215,000		1,054,234,000	1,037,299,000	1,014,017,000	937,623,000	914,585,000	870,408,000	830,531,000	810,132,000	784,080,000	706,560,000		474,613,000	464,154,000	458,249,000	406,705,000	375,207,000	364,122,000	357,556,000	335,346,000	329,045,000	314,077,000	292,202,000	262,867,000
deferred compensation trust – 108,614 and 109,256 shares of nvr, inc. common stock as of september 30, 2014 and december 31, 2013, respectively																																												-17,333,000
less treasury stock at cost – 16,388,669 and 16,121,605 shares at september 30, 2014 and december 31, 2013, respectively																																												-4,936,081,000
total shareholders’ equity																																												1,151,394,000	1,099,215,000		1,261,352,000	1,275,094,000	1,320,279,000	1,552,092,000	1,480,477,000		1,521,824,000	1,418,241,000		1,346,019,000	1,650,796,000	1,818,201,000	1,686,678,000	1,815,466,000	1,868,724,000	1,757,262,000	1,671,587,000	1,548,602,000	1,372,475,000		905,399,000	816,390,000	785,971,000	834,995,000	647,980,000	511,428,000	517,381,000	494,868,000	565,072,000	556,084,000	427,895,000	403,245,000
total liabilities and shareholders’ equity																																												2,413,076,000	2,382,063,000		2,486,148,000	2,518,897,000	2,531,167,000	2,665,055,000	2,604,842,000		1,990,960,000	1,850,912,000		1,799,616,000	2,175,675,000	2,275,728,000	2,249,819,000	2,359,435,000	2,476,397,000	2,395,770,000	2,374,780,000	2,237,085,000	2,308,152,000		2,216,114,000	2,114,611,000	1,844,526,000	1,777,967,000	1,706,444,000	1,495,481,000	1,449,637,000	1,363,105,000	1,446,477,000	1,529,852,000	1,143,251,000	1,182,288,000
deferred compensation trust – 109,256 shares of nvr, inc. common stock as of both june 30, 2014 and december 31, 2013																																													-17,741,000
less treasury stock at cost – 16,342,156 and 16,121,605 shares at june 30, 2014 and december 31, 2013, respectively																																													-4,876,330,000
see notes to condensed consolidated financial statements.
3
deferred compensation trust –109,256 and 152,223 shares of nvr, inc. common stock as of december 31, 2013 and 2012, respectively																																															-17,741,000
less treasury stock at cost – 16,121,605 and 15,642,068 shares as of december 31, 2013 and 2012, respectively																																															-4,556,461,000
manufacturing materials and other																																																10,350,000	13,828,000	12,179,000	12,365,000	8,563,000	9,881,000	8,516,000	8,694,000	6,621,000	8,142,000	5,901,000	5,441,000	7,253,000	6,001,000	7,522,000	4,365,000	5,763,000	6,555,000		9,532,000	12,098,000	4,453,000	9,718,000	11,747,000	6,639,000	5,054,000	10,393,000	5,226,000	7,417,000	8,717,000	11,108,000
deferred compensation trust – 109,256 and 152,223 shares of nvr, inc. common stock as of september 30, 2013 and december 31, 2012, respectively																																																-17,741,000
less treasury stock at cost – 16,008,428 and 15,642,068 shares at september 30, 2013 and december 31, 2012, respectively																																																-4,441,511,000
deferred compensation trust – 109,256 and 152,223 shares of nvr, inc. common stock as of june 30, 2013 and december 31, 2012, respectively																																																	-17,741,000
less treasury stock at cost – 15,855,338 and 15,642,068 shares at june 30, 2013 and december 31, 2012, respectively																																																	-4,301,123,000
deferred compensation trust – 109,623 and 152,223 shares of nvr, inc. common stock as of march 31, 2013 and december 31, 2012, respectively																																																		-17,864,000
less treasury stock at cost – 15,559,314 and 15,642,068 shares at march 31, 2013 and december 31, 2012, respectively																																																		-4,007,196,000
goodwill																																																			441,000																			6,379,000	6,379,000	6,379,000	6,379,000	6,379,000	6,379,000	6,379,000	6,379,000	6,379,000
finite-lived intangible assets																																																			8,778,000
deferred compensation trust—152,223 and 152,964 shares of nvr, inc. common stock as of december 31, 2012 and 2011, respectively																																																			-25,331,000
less treasury stock at cost—15,642,068 and 15,578,565 shares as of december 31, 2012 and 2011, respectively																																																			-4,028,508,000
deferred compensation trust – 152,223 and 152,964 shares of nvr, inc. common stock as of june 30, 2012 and december 31, 2011, respectively																																																					-25,331,000
less treasury stock at cost – 15,418,099 and 15,578,565 shares at june 30, 2012 and december 31, 2011, respectively																																																					-3,816,953,000
deferred compensation trust – 152,223 and 152,964 shares of nvr, inc. common stock as of march 31, 2012 and december 31, 2011, respectively																																																						-25,331,000
less treasury stock at cost – 15,490,168 and 15,578,565 shares at march 31, 2012 and december 31, 2011, respectively																																																						-3,834,795,000
other term debt																																																								1,666,000	1,696,000	1,714,000	1,895,000	1,999,000	2,100,000	2,166,000	2,294,000	2,388,000	2,630,000		3,349,000	3,464,000	3,983,000	4,077,000	4,205,000	4,317,000	4,428,000	4,519,000	4,627,000	4,724,000	4,818,000	4,903,000
note payable																																																									89,649,000	75,347,000	99,241,000	79,025,000	56,249,000								98,378,000
deferred compensation trust – 152,964 and 158,894 shares of nvr, inc. common stock as of september 30, 2011 and december 31, 2010, respectively																																																								-25,582,000
less treasury stock at cost – 15,542,337 and 14,894,357 shares at september 30, 2011 and december 31, 2010, respectively																																																								-3,834,521,000
deferred compensation trust — 152,964 and 158,894 shares of nvr, inc. common stock as of june 30, 2011 and december 31, 2010, respectively																																																									-25,582,000
less treasury stock at cost — 14,977,205 and 14,894,357 shares at june 30, 2011 and december 31, 2010, respectively																																																									-3,469,400,000
deferred compensation trust — 152,964 and 158,894 shares of nvr, inc. common stock as of march 31, 2011 and december 31, 2010, respectively																																																										-25,582,000
less treasury stock at cost — 14,688,939 and 14,894,357 shares at march 31, 2011 and december 31, 2010, respectively																																																										-3,240,268,000
marketable securities																																																											25,000,000	175,000,000	125,000,000	219,535,000	259,406,000	658,362,000
assets related to consolidated variable interest entities																																																											22,771,000	22,980,000	23,829,000
liabilities related to consolidated variable interest entities
non-recourse debt related to consolidated variable interest entities																																																											7,944,000
deferred compensation trust – 158,894 and 265,278 shares of nvr, inc. common stock as of september 30, 2010 and december 31, 2009, respectively																																																											-27,582,000
less treasury stock at cost – 14,928,791 and 14,609,560 shares at september 30, 2010 and december 31, 2009, respectively																																																											-3,221,525,000
deferred compensation trust — 158,894 and 265,278 shares of nvr, inc. common stock as of june 30, 2010 and december 31, 2009, respectively																																																												-27,582,000
less treasury stock at cost — 14,635,123 and 14,609,560 shares at june 30, 2010 and december 31, 2009, respectively																																																												-3,025,755,000
deferred compensation trust — 245,278 and 265,278 shares of nvr, inc. common stock as of march 31, 2010 and december 31, 2009, respectively																																																													-39,856,000
less treasury stock at cost — 14,410,336 and 14,609,560 shares at march 31, 2010 and december, 2009, respectively																																																													-2,857,044,000
consolidated assets not owned																																																														70,430,000	57,461,000
liabilities related to consolidated assets not owned																																																														65,915,000	52,896,000
notes payable																																																														12,344,000	75,607,000	97,021,000			113,699,000	127,772,000		9,726,000	102,368,000	91,573,000	89,963,000	53,340,000	97,672,000	114,652,000	137,885,000	139,257,000
60,000,000 shares authorized; 20,559,671 and 20,561,187 shares issued as of december 31, 2009 and 2008, respectively																																																														206,000
deferred compensation trust - 265,278 and 514,470 shares of nvr, inc. common stock as of december 31, 2009 and 2008, respectively																																																														-40,799,000
less treasury stock at cost — 14,609,560 and 15,028,335 shares as of december 31, 2009 and 2008, respectively																																																														-2,896,542,000
deferred compensation trust — 265,278 and 514,470 shares of nvr, inc. common stock as of september 30, 2009 and december 31, 2008, respectively																																																															-40,799,000
less treasury stock at cost — 14,632,950 and 15,028,335 shares at september 30, 2009 and december 31, 2008, respectively																																																															-2,901,179,000
assets not owned, consolidated per fin 46r																																																																65,990,000	127,074,000		167,184,000	163,114,000	144,255,000	89,924,000
liabilities related to assets not owned, consolidated per fin 46r																																																																60,687,000	118,323,000		130,969,000	130,360,000	111,571,000
deferred compensation trust — 270,335 and 514,470 shares of nvr, inc. common stock as of june 30, 2009 and december 31, 2008, respectively																																																																-44,307,000
less treasury stock at cost — 14,758,071 and 15,028,335 shares at june 30, 2009 and december 31, 2008, respectively																																																																-2,925,985,000
goodwill and indefinite life intangibles																																																																	11,686,000		10,579,000	10,579,000	10,579,000
definite life intangibles																																																																	21,000		406,000	437,000	469,000
notes payable and repurchase agreement																																																																	90,782,000
deferred compensation trust — 515,950 and 516,085 shares of nvr, inc. common stock as of september 30, 2008 and december 31, 2007, respectively																																																																	-75,495,000
less treasury stock at cost — 15,108,940 and 15,455,086 shares at september 30, 2008 and december 31, 2007, respectively																																																																	-2,995,635,000
mortgage banking segment
interest rate sensitive assets:
average interest rate
interest rate sensitive liabilities:
variable rate warehouse line of credit
other:
forward trades of mortgage-backed securities
forward loan commitments
homebuilding segment
interest-bearing deposits
fixed rate obligations																																																																		229
average interest rate is net of credits received for compensating cash balances.
represents the fair value recorded pursuant to sfas 133.
mortgage servicing rights																																																																			94,000	105,000	114,000	126,000	147,000	170,000	188,000	181,000	158,000	127,000	1,276,000	5,611,000
obligations under incentive plans																																																																			45,338,000	30,778,000	15,646,000	57,774,000	58,348,000	45,957,000	36,094,000	67,964,000	70,339,000	57,041,000	44,184,000	97,803,000
deferred compensation trust – 547,697 and 549,029 shares of nvr, inc. common stock as of september 30, 2005 and december 31, 2004, respectively																																																																			-76,303,000
less treasury stock at cost – 14,352,072 and 14,023,631 shares at september 30, 2005 and december 31, 2004, respectively																																																																			-1,955,511,000
deferred compensation trust – 547,697 and 549,029 shares of nvr, inc. common stock as of june 30, 2005 and december 31, 2004, respectively																																																																				-76,303,000
less treasury stock at cost – 14,247,194 and 14,023,631 shares at june 30, 2005 and december 31, 2004, respectively																																																																				-1,844,618,000
deferred compensation trust –547,697 and 549,029 shares as of march 31, 2005 and december 31, 2004, respectively, of nvr, inc. common stock																																																																					-76,303,000
less treasury stock at cost – 14,085,765 and 14,023,631 shares at march 31, 2005 and december 31, 2004, respectively																																																																					-1,701,483,000
liabilities related to inventory not owned, consolidated per fin 46r																																																																						63,568,000
deferred compensation trust- 549,029 and 510,118 shares of nvr, inc. common stock for 2004 and 2003, respectively																																																																						-76,366,000
less treasury stock at cost – 14,023,631 and 13,870,368 shares for 2004 and 2003, respectively																																																																						-1,482,985,000
assets not owned, consolidated per fin 46																																																																							66,477,000	65,232,000	60,630,000
reorganization value in excess of amount allocable to identifiable assets																																																																							41,580,000
liabilities related to assets not owned, consolidated per fin 46																																																																							43,453,000	41,353,000	38,893,000
deferred compensation trust – 492,118 and 510,118 shares as of september 30, 2004 and december 31, 2003, respectively, of nvr, inc. common stock																																																																							-63,877,000
less treasury stock at cost –14,196,128 and 13,870,368 shares at september 30, 2004 and december 31, 2003, respectively																																																																							-1,479,564,000
deferred compensation trust – 492,118 and 510,118 shares as of june 30, 2004 and december 31, 2003, respectively, of nvr, inc. common stock																																																																								-63,877,000
less treasury stock at cost – 14,217,769 and 13,870,368 shares at june 30, 2004 and december 31, 2003, respectively																																																																								-1,457,352,000
deferred compensation trust –502,118 and 510,118 shares as of march 31, 2004 and december 31, 2003, respectively, of nvr, inc. common stock																																																																									-64,348,000
less treasury stock at cost – 13,962,709 and 13,870,368 shares at march 31, 2004 and december 31, 2003, respectively																																																																									-1,328,863,000
inventory not owned, consolidated per fin 46																																																																										12,807,000	15,462,000	7,804,000
liabilities related to inventory not owned, consolidated per fin 46																																																																										12,071,000	14,177,000	7,375,000
deferred compensation trust- 510,118 and 428,698 shares of nvr, inc. common stock for 2003 and 2002, respectively																																																																										-64,725,000
less treasury stock at cost – 13,870,368 and 13,580,531 shares for 2003 and 2002, respectively																																																																										-1,228,549,000
deferred compensation trust – 453,207 and 428,698 shares as of september 30, 2003 and december 31, 2002, respectively, of nvr, inc. common stock																																																																											-52,235,000
less treasury stock at cost – 13,514,412 and 13,580,531 shares at september 30, 2003 and december 31, 2002, respectively																																																																											-1,024,554,000
deferred compensation trust - 453,207 and 428,698 shares as of june 30, 2003 and december 31, 2002, respectively, of nvr, inc. common stock																																																																												-52,235,000
less treasury stock at cost – 13,362,526 and 13,580,531 shares at june 30, 2003 and december 31, 2002, respectively																																																																												-909,171,000
deferred compensation trust—453,207 and 428,698 shares as of march 31, 2003 and december 31, 2002, respectively, of nvr, inc. common stock																																																																													-52,235,000
less treasury stock at cost—13,579,115 and 13,580,531 shares at march 31, 2003 and december 31, 2002, respectively																																																																													-920,393,000
deferred compensation trust—428,698 and 393,955 shares of nvr, inc. common stock for 2002 and 2001, respectively																																																																														-35,647,000
less treasury stock at cost—13,580,531 and 13,139,332 shares for 2002 and 2001, respectively																																																																														-827,902,000

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