Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Contract land deposits, net	$ 868,308	$ 726,675
Total assets	6,035,458	6,380,988
Inventory:
Land under development	38,017
LIABILITIES AND SHAREHOLDERS' EQUITY
Total liabilities	2,068,696	2,170,916
Commitments and contingencies
Shareholders' equity:
Common stock, $0.01 par value; 60,000,000 shares authorized; 20,555,330 shares issued as of both September 30, 2025 and December 31, 2024	206	206
Additional paid-in capital	3,131,980	3,031,637
Deferred compensation trust – 106,697 shares of NVR, Inc. common stock as of both September 30, 2025 and December 31, 2024	(16,710)	(16,710)
Deferred compensation liability	16,710	16,710
Retained earnings	16,022,954	15,046,953
Less treasury stock at cost – 17,694,431 and 17,543,686 shares as of September 30, 2025 and December 31, 2024, respectively	(15,188,378)	(13,868,724)
Total shareholders' equity	3,966,762	4,210,072
Total liabilities and shareholders' equity	6,035,458	6,380,988
Mortgage Banking
ASSETS
Cash and cash equivalents	39,280	49,636
Restricted cash	8,123	11,520
Mortgage loans held for sale, net	341,579	355,209
Property, plant and equipment, net	8,081	7,373
Operating lease right-of-use assets	25,252	23,482
Goodwill	7,347	7,347
Other assets	65,562	38,189
Total assets	495,224	492,756
LIABILITIES AND SHAREHOLDERS' EQUITY
Operating lease liabilities	27,384	25,428
Accounts payable and other liabilities	55,249	53,433
Total liabilities	82,633	78,861
Home Building Segment
ASSETS
Cash and cash equivalents	1,932,167	2,561,339
Restricted cash	44,034	42,172
Receivables	41,377	32,622
Contract land deposits, net	868,308	726,675
Property, plant and equipment, net	102,479	95,619
Operating lease right-of-use assets	87,116	78,340
Goodwill	41,580	41,580
Other assets	291,748	251,178
Total assets	5,540,234	5,888,232
Inventory:
Lots and housing units, covered under sales agreements with customers	1,758,906	1,727,243
Unsold lots and housing units	313,971	237,177
Land under development	38,017	65,394
Building materials and other	20,531	28,893
Total Inventory	2,131,425	2,058,707
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	361,209	332,772
Accrued expenses and other liabilities	344,658	441,300
Customer deposits	277,351	322,926
Operating lease liabilities	93,191	83,939
Senior notes	909,654	911,118
Total liabilities	$ 1,986,063	$ 2,092,055