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Variable Interest Entities (Tables)
 12 Months Ended
Dec. 31, 2013
Text Block [Abstract]  
Total Risk Related to Lot Options

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

 

     December 31,  
     2013     2012  

Contract land deposits

    $ 296,646      $ 256,577   

Loss reserve on contract land deposits

      (59,761 )      (65,039 ) 
  

 

 

    

 

 

  

Contract land deposits, net

      236,885        191,538   

Contingent obligations in the form of letters of credit

      2,459        3,338   

Contingent specific performance obligations (1)

      1,707        7,047   
  

 

 

    

 

 

  

Total risk of loss

    $ 241,051      $ 201,923   
  

 

 

    

 

 

  

 

(1) At December 31, 2013 and 2012, the Company was committed to purchase 13 and 71 finished lots under specific performance obligations, respectively.