Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2013

NVR’s total risk of loss related to contract land deposits as of September 30, 2013 and December 31, 2012, was as follows:


	September 30, 2013			December 31, 2012
Contract land deposits	$	279,530		$	256,577
Loss reserve on contract land deposits		(61,003	)		(65,039	)

Contract land deposits, net		218,527			191,538
Contingent obligations in the form of letters of credit		2,235			3,338
Contingent specific performance obligations (1)		2,317			7,047

Total risk of loss	$	223,079		$	201,923

(1)	At September 30, 2013 and December 31, 2012, the Company was committed to purchase 23 and 71 finished lots under specific performance obligations, respectively.