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Variable Interest Entities (Tables) | 6 Months Ended
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Jun. 30, 2014
Text Block [Abstract] |
Total Risk Related to Lot Options | NVR’s total risk of loss related to contract land deposits as of June 30, 2014 and December 31, 2013, was as follows:
|  | June 30, 2014 |  |  | December 31, 2013 |
Contract land deposits |  | $ | 309,677 |  |  | $ | 296,646 |
Loss reserve on contract land deposits |  |  | (55,869 | ) |  |  | (59,761 | )
Contract land deposits, net |  |  | 253,808 |  |  |  | 236,885 |
Contingent obligations in the form of letters of credit |  |  | 6,427 |  |  |  | 2,459 |
Contingent specific performance obligations (1) |  |  | 1,505 |  |  |  | 1,707 |
Total risk of loss |  | $ | 261,740 |  |  | $ | 241,051 |
(1) | At June 30, 2014 and December 31, 2013, the Company was committed to purchase 10 and 13 finished lots, respectively, under specific performance obligations.

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