Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2015

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.