Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2013

NVR’s total risk of loss related to contract land deposits as of June 30, 2013 and December 31, 2012, was as follows:


	June 30, 2013			December 31, 2012
Contract land deposits	$	268,915		$	256,577
Loss reserve on contract land deposits		(61,186	)		(65,039	)

Contract land deposits, net		207,729			191,538

Contingent obligations in the form of letters of credit		754			3,338
Contingent specific performance obligations (1)		3,125			7,047

Total risk of loss	$	211,608		$	201,923

(1)	At June 30, 2013 and December 31, 2012, the Company was committed to purchase 36 and 71 finished lots under specific performance obligations, respectively.