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Variable Interest Entities (Tables) | 3 Months Ended
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Mar. 31, 2015
Equity Method Investments And Joint Ventures [Abstract] |
Total Risk Related to Lot Options | NVR’s total risk of loss related to contract land deposits as of March 31, 2015 and December 31, 2014, was as follows:
|  | March 31, 2015 |  |  | December 31, 2014 |
Contract land deposits |  | $ | 350,261 |  |  | $ | 350,750 |
Loss reserve on contract land deposits |  |  | (55,140 | ) |  |  | (56,074 | )
Contract land deposits, net |  |  | 295,121 |  |  |  | 294,676 |
Contingent obligations in the form of letters of credit |  |  | 4,938 |  |  |  | 4,674 |
Contingent specific performance obligations (1) |  |  | 1,505 |  |  |  | 1,505 |
Total risk of loss |  | $ | 301,564 |  |  | $ | 300,855 |
(1) | As of both March 31, 2015 and December 31, 2014, the Company was committed to purchase 10 finished lots under specific performance obligations.

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