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Variable Interest Entities (Tables) | 3 Months Ended
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Mar. 31, 2014
Text Block [Abstract] |
Total Risk Related to Lot Options | NVR’s total risk of loss related to contract land deposits as of March 31, 2014 and December 31, 2013, was as follows:
|  | March 31, 2014 |  |  | December 31, 2013 |
Contract land deposits |  | $ | 303,933 |  |  | $ | 296,646 |
Loss reserve on contract land deposits |  |  | (57,729 | ) |  |  | (59,761 | )
Contract land deposits, net |  |  | 246,204 |  |  |  | 236,885 |
Contingent obligations in the form of letters of credit |  |  | 2,429 |  |  |  | 2,459 |
Contingent specific performance obligations (1) |  |  | 1,505 |  |  |  | 1,707 |
Total risk of loss |  | $ | 250,138 |  |  | $ | 241,051 |
(1) | At March 31, 2014 and December 31, 2013, the Company was committed to purchase 10 and 13 finished lots under specific performance obligations, respectively.

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