Variable Interest Entities and Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2011

Variable Interest Entities and Joint Ventures [Abstract]

Specific performance obligations

	June 30, 2011			December 31, 2010
Contract land deposits	$	197,324		$	174,303
Loss reserve on contract land deposits		(68,122	)		(73,517	)
Contract land deposits, net		129,202			100,786
Contingent obligations in the form of letters of credit		3,054			6,610
Contingent specific performance obligations (1)		3,617			1,944
Total risk of loss	$	135,873		$	109,340

(1) At June 30, 2011 and December 31, 2010, the Company was committed to purchase 27 and 43 finished lots under specific performance obligations, respectively.

Joint Venture Lots

	Lots Under Contract With:				Not Under
Location	NVR		Others		Contract		Totals
Spotsylvania County, VA		143		16		—		159
Loudoun County, VA		1,769		50		—		1,819
Prince Georges County, MD		969		—		—		969
Jefferson County, WV		—		—		2,659		2,659
Total		2,881		66		2,659		5,606

The condensed balance sheet of the consolidated JV

	June 30, 2011		December 31, 2010
Cash	$	951	$	358
Restricted cash		852		501
Other assets		125		126
Land under development		21,094		21,386
Total assets	$	23,022	$	22,371
Debt	$	6,535	$	7,592
Accrued expenses		492		59
Equity		15,995		14,720
Total liabilities and equity	$	23,022	$	22,371