Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Contract land deposits, net	$ 396,903	$ 387,628
Total assets	5,820,808	5,777,141
Inventory:
Land under development	63,153
LIABILITIES AND SHAREHOLDERS' EQUITY
Total liabilities	2,774,301	2,674,067
Commitments and contingencies
Shareholders' equity:
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both March 31, 2021 and December 31, 2020	206	206
Additional paid-in capital	2,272,006	2,214,426
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of March 31, 2021 and December 31, 2020	(16,710)	(16,710)
Deferred compensation liability	16,710	16,710
Retained earnings	9,059,882	8,811,120
Less treasury stock at cost – 16,915,721 and 16,859,753 shares as of March 31, 2021 and December 31, 2020, respectively	(8,285,587)	(7,922,678)
Total shareholders' equity	3,046,507	3,103,074
Total liabilities and shareholders' equity	5,820,808	5,777,141
Mortgage Banking
ASSETS
Cash and cash equivalents	21,061	63,547
Restricted cash	3,867	2,334
Mortgage loans held for sale, net	334,782	449,760
Property, plant and equipment, net	4,460	4,544
Operating lease right-of-use assets	12,087	12,439
Goodwill	7,347	7,347
Other assets	31,585	22,654
Total assets	415,189	562,625
LIABILITIES AND SHAREHOLDERS' EQUITY
Operating lease liabilities	12,972	13,299
Accounts payable and other liabilities	53,335	62,720
Total liabilities	66,307	76,019
Home Building Segment
ASSETS
Cash and cash equivalents	2,753,123	2,714,720
Restricted cash	36,193	28,912
Receivables	22,059	18,299
Contract land deposits, net	396,903	387,628
Property, plant and equipment, net	55,720	57,786
Operating lease right-of-use assets	50,770	53,110
Goodwill	41,580	41,580
Other assets	219,479	203,399
Total assets	5,405,619	5,214,516
Inventory:
Lots and housing units, covered under sales agreements with customers	1,623,941	1,484,936
Unsold lots and housing units	116,141	123,197
Land under development	63,153	62,790
Building materials and other	26,557	38,159
Total Inventory	1,829,792	1,709,082
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	360,881	339,867
Accrued expenses and other liabilities	458,849	440,671
Customer deposits	314,453	240,758
Operating lease liabilities	56,697	59,357
Senior notes	1,517,114	1,517,395
Total liabilities	$ 2,707,994	$ 2,598,048