Contract Land Deposits

6 Months Ended

Jun. 30, 2012

Contract Land Deposits [Abstract]

Contract Land Deposits

4. Contract Land Deposits

As of June 30, 2012, NVR controlled approximately 50,300 lots under purchase agreements with deposits in cash and letters of credit totaling approximately $224,900 and $3,700, respectively. At December 31, 2011, NVR controlled approximately 48,200 lots under purchase agreements with deposits in cash and letters of credit totaling approximately $202,300 and $3,200, respectively. During the three and six month periods ended June 30, 2012, the Company recognized a net pre-tax recovery of approximately $100 and $1,200, respectively, of contract land deposits previously determined to be uncollectible. During the three and six month periods ended June 30, 2011, the Company recognized a net pre-tax charge of approximately $2,700 and $4,100, respectively, related to the impairment of contract land deposits. The contract land deposit asset is shown net of an approximate $69,000 and $70,300 impairment valuation allowance at June 30, 2012 and December 31, 2011, respectively.