NVR, Inc. (�NVR�), a Virginia corporation, was formed in 1980 as NVHomes, Inc.
Our primary business is the construction and sale of single-family detached
homes, townhomes and condominium buildings, all of which are primarily
constructed on a pre-sold basis. To more fully serve customers of our
homebuilding operations, we also operate a mortgage banking and title services
business. We conduct our homebuilding activities directly. Our mortgage banking
operations are operated primarily through a wholly owned subsidiary, NVR
Mortgage Finance, Inc. (�NVRM�). Unless the context otherwise requires,
references to �NVR�, �we�, �us� or �our� include NVR and its consolidated
We are one of the largest homebuilders in the United States. We operate in
multiple locations in fourteen states and Washington, D.C., primarily in the
eastern part of the United States. During 2013, approximately 25% and 12% of our
home settlements occurred in the Washington, D.C.