NVR, Inc., 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, Inc. and its consolidated subsidiaries.
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 2014, approximately 26% and 11% of our
home settlements occurred in the Washington, D.C.