UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 11-K
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2010
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission File Number 1-12378
 Profit Sharing Plan of NVR, Inc. and Affiliated Companies




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PROFIT SHARING PLAN OF
NVR, INC. AND AFFILIATED COMPANIES
 Form 11-K
INDEX
 PageReport of Independent Registered Public Accounting Firm
    
    1Financial Statements:Statements of Net Assets Available for Plan Benefits
as of December 31, 2010 and 2009
    
    2Statement of Changes in Net Assets Available for Plan
Benefits for the Year Ended December 31, 2010
    
    3Notes to Financial Statements
    
    4Supplemental Schedules:Schedule H, Line 4(i)  Schedule of Assets (Held at End of Year) December 31, 2010
    
    13Signatures
    
    18Index to Exhibits
    
    19




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Report of Independent Registered Public Accounting Firm
 
      
 1




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PROFIT SHARING PLAN OF
NVR, INC. AND AFFILIATED COMPANIES
 December 31,2010
    
    
    2009AssetsInvestments:Plan interest in master trust, at fair value
    
    $
    218,113
    
    
    $
    207,744Receivables:Loans to participants
    
    
    4,737
    
    
    
    4,314Employee contributions
    
    
    6
    
    
    
    7Interest, dividends and other
    
    
    37
    
    
    
    6Total receivables
    
    
    4,780
    
    
    
    4,327Total assets
    
    
    222,893
    
    
    
    212,071LiabilitiesDue to participants
    
    
    93
    
    
    
    372Total liabilities
    
    
    93
    
    
    
    372Net assets reflecting all investments at fair value
    
    
    222,800
    
    
    
    211,699Adjustment from fair value to contract value for
fully benefit-responsive investment contracts
    
    
    (152
    )
    
    
    400Net assets available for plan benefits
    
    $
    222,648
    
    
    $
    212,099
  2




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PROFIT SHARING PLAN OF
NVR, INC. AND AFFILIATED COMPANIES
 Additions to net assets attributable to:
 Participation in investment income of master trust:Net appreciation in fair value of investments
    
    $
    14,669Interest and dividends
    
    
    2,45717,126Contributions:Employee
    
    
    11,829Employer
    
    
    1,007Rollovers
    
    
    50513,341Total additions
    
    $
    30,467Deductions from net assets attributable to:Benefits paid to participants
    
    
    (19,897
    )Administrative expenses
    
    
    (21
    )Total deductions
    
    
    (19,918
    )Net increase in assets available for plan benefits
    
    
    10,549Net assets available for plan benefits at beginning of year
    
    
    212,099Net assets available for plan benefits at end of year
    
    $
    222,648
  3




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1.
    
    Description of Plan and BenefitsThe following description of the Profit Sharing Plan of NVR, Inc. and Affiliated Companies
(the Plan or PSP) provides only general information. Participants should refer to the
Plan agreement for a more complete description of the Plans provisions.GeneralThe Plan is a defined contribution, profit-sharing retirement plan, and covers substantially
all employees of NVR, Inc. and its affiliated companies (NVR or the Company). The Plan
is administered by a Profit Sharing Trust Committee (the Plan Administrator), which is
designated by the Board of Directors of NVR, Inc. (the Board). The Plan is subject to the
provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).The Plan Year begins each January 1st and ends each December 31st.Employee EligibilityAll full-time and part-time employees are eligible to participate in the Plan immediately
upon employment. The Plan excludes any employee covered by a collective bargaining
agreement negotiated in good faith with the Company and leased employees.ContributionsThe Plan provides for eligible Plan participants to make voluntary salary deferral
contributions (VSDC) from 1% to 13% of their current salary on a combined pre-tax and
post-tax basis into the Plan for investment. All investment funds provided in the Plan are
available for employee VSDC. A participants pre-tax deferral was limited to a maximum
contribution of $16.5 during 2010 and 2009. Participants who reached age 50 or older before
the close of the calendar year and have deferred the maximum amount allowed under the Plan,
have the option to make additional pre-tax salary deferrals. The maximum catch-up
contribution for 2010 and 2009 was $5.5. Participants may change their salary deferral
percentages periodically, but participants generally cannot withdraw fund balances before
termination, retirement, death or total permanent disability unless certain hardship
conditions exist.In accordance with the Plan, the Company may declare a program of matching contributions.
The Company suspended its Company match program for the 2009 Plan Year. In 2010, the
Company reinstated the match program and matched up to the first five hundred dollars of
individual participants VSDC. NVR contributed $1,007 in matching contributions during 2010.
Matching contributions are invested in participants accounts in the Plan as directed by
participants.
 4




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Vesting and ForfeituresEmployees vest in Company matching contributions at the rate of 20% per year beginning with
the completion of the second year of service. Full vesting is also attained upon an
employees termination on account of death or total disability, or upon reaching normal
retirement age. Participants are fully vested at all times in their VSDC account balances.
Forfeitures of unvested amounts relating to terminated employees are allocated annually to
all eligible active participants in the Plan as of December 31, based upon the proportion
that the participants compensation for that Plan Year bears to the total compensation
received for such year by all participants sharing in the allocation, subject to the annual
addition limitation and nondiscrimination requirement imposed under the Internal Revenue
Code. Forfeitures of $77 in 2010 were allocated to participant accounts in 2011.Investment OptionsThe Company selects the number and type of investment options available. The Plans
recordkeeper (Recordkeeper) is responsible for maintaining an account balance for each
participant. Each participant instructs the Recordkeeper how to allocate their account
balances. The Recordkeeper values account balances daily. Each funds income and expenses
are allocated to participant accounts daily in relation to their respective account
balances. Each account balance is based on the value of the underlying investments in each
account. Generally, participants may elect to change how future contributions are allocated
or may transfer current account balances among investment options.Payments of BenefitsDepending on various provisions and restrictions of the Plan, the method of benefit payment
can be in the form of a lump-sum distribution or based on a deferred payment schedule.
Amounts remaining in the Plan as a result of deferred payments are subject to daily
fluctuations in value based on the underlying investments in each account.Participant LoansLoans are made available to all participants on a nondiscriminatory basis in accordance with
the specific provisions set forth in the Plan. The amount of a loan generally cannot exceed
the lesser of $50 or one-half of a participants total vested account balance. Generally, a
loan bears interest at a fixed rate which is determined by the Profit Sharing Trust
Committee. Such rate was prime plus 1% set at the date of loan origination for Plan Years
2010 and 2009. All loans are subject to specific repayment terms and are secured by the
participants nonforfeitable interest in his/her account equivalent to the principal amount
of the loan. Participants must pay any outstanding loans in full upon termination of
service with the Company. Loans not repaid within the timeframe specified by the Plan
subsequent to termination
are considered to be in default and treated as a distribution to the terminated participant.
Participant loans are recorded at unpaid principal plus accrued interest, which
approximates fair value.
 5




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Administrative ExpensesLoan origination fees and trustee fees are paid by the Plan. All other administrative
expenses are paid directly by the Company.2.
    
    Summary of Significant Accounting PoliciesBasis of PresentationThe accompanying financial statements have been prepared on the accrual basis of accounting.Investment IncomeInterest income from investments is recorded on the accrual basis of accounting. Dividend
income is recorded on the ex-dividend date. Gains or losses on sales of investments are
based on the change in market values since the beginning of the Plan Year, or their
acquisition date if purchased during the Plan Year.Investment Valuation and TransactionsAll investments are carried at fair value except for fully benefit-responsive investment
contracts. Under accounting standards generally accepted in the United States of America
(GAAP), investment contracts held by a defined-contribution plan are required to be
reported at fair value. However, contract value is the relevant measurement attribute for
that portion of the net assets available for plan benefits of a defined-contribution plan
attributable to fully benefit-responsive investment contracts because contact value is the
amount participants would receive if they were to initiate permitted transactions under the
terms of the Plan. The Statement of Net Assets Available for Plan Benefits adjusts the
value of the investment contract from fair value to contract value.Net unrealized appreciation and depreciation is measured and recognized in the Statement of
Changes in Net Assets Available for Plan Benefits as the difference between the fair value
of investments remeasured at the financial statement date and the fair value at the
beginning of the Plan Year or the original measurement at the investment purchase date if
purchased during the Plan Year. Purchase and sale transactions are recorded on a trade-date
basis.Fair Value MeasurementsAccounting Standard Codification (ASC) Topic 820 defines fair value as the price that
would be received to sell an asset or paid to transfer a liability in the principal market
for the asset or liability or, in the absence of a principal market, the most advantageous
market for the asset or liability, in an
orderly transaction between market participants at the measurement date. ASC Topic 820
establishes a fair value hierarchy for those instruments measured at fair value that
distinguishes between assumptions based on market data (observable inputs) and the Plans
assumptions (unobservable inputs). The hierarchy consists of three levels:
 6




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Level 1 
    
    Quoted market prices in active markets for identical assets or liabilities.Investments in registered investment companies, pooled separate accounts, shares of
the Companys common stock, other common and preferred stock and cash are valued
using quoted prices in active markets.Level 2 
    
    Inputs other than Level 1 inputs that are either directly or indirectly
observable.Investments in a common collective trust (the Fund) are valued using the net asset
value (NAV) provided by the trustee. The NAV is quoted in a private market, and is
based on the fair value of the underlying assets owned by the Fund, which are
predominantly traded in an active market. These investments are redeemable with
the Fund at contract value under the Funds terms of operations. It is possible
that these redemption rights may be restricted by the Fund in the future in
accordance with the terms. Due to the nature of the investments held by the Fund,
changes in market conditions and the economic environment may significantly impact
the net asset value of the Fund, and the Plans interest in the Fund.Level 3 
    
    Unobservable inputs developed using estimates and assumptions developed by
the Plan, which reflect those a market participant would use.The Plan has no investments valued using Level 3 inputs.
 The following table presents the financial instruments the Plan measures at fair value on a
recurring basis, based on the fair value hierarchy as of December 31, 2010:
 Basis of Fair Value MeasurementsLevel 1
    
    
    Level 2
    
    
    Level 3
    
    
    TotalFair Value Measurements:Investments in Registered
Investment Companies:Domestic Equities  Small Cap
    
    $
    7,684
    
    
    $
    
    
    
    $
    
    
    
    $
    7,684Domestic Equities  Mid Cap
    
    
    15,829
    
    
    
    
    
    
    
    
    
    
    
    15,829Domestic Equities  Large Cap
    
    
    65,181
    
    
    
    
    
    
    
    
    
    
    
    65,181International Equities
    
    
    14,766
    
    
    
    
    
    
    
    
    
    
    
    14,766Life Cycle/Target Date Funds
    
    
    28,712
    
    
    
    
    
    
    
    
    
    
    
    28,712Bond Funds
    
    
    4,392
    
    
    
    
    
    
    
    
    
    
    
    4,392Subtotal
    
    
    136,564
    
    
    
    
    
    
    
    
    
    
    
    136,564NVR, Inc. Common Stock
    
    
    57,976
    
    
    
    
    
    
    
    
    
    
    
    57,976Investments in Common Collective
Trusts
    
    
    
    
    
    
    18,708
    
    
    
    
    
    
    
    18,708Other Common and Preferred Stock
    
    
    3,240
    
    
    
    
    
    
    
    
    
    
    
    3,240Cash
    
    
    1,625
    
    
    
    
    
    
    
    
    
    
    
    1,625Total
    
    $
    199,405
    
    
    $
    18,708
    
    
    $
    
    
    
    $
    218,113
 7




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The following table presents the financial instruments the Plan measures at fair value
on a recurring basis, based on the fair value hierarchy as of December 31, 2009:
 Basis of Fair Value MeasurementsLevel 1
    
    
    Level 2
    
    
    Level 3
    
    
    TotalFair Value Measurements:Investments in Registered
Investment Companies:Domestic Equities  Small Cap
    
    $
    5,800
    
    
    $
    
    
    
    $
    
    
    
    $
    5,800Domestic Equities  Mid Cap
    
    
    12,923
    
    
    
    
    
    
    
    
    
    
    
    12,923Domestic Equities  Large Cap
    
    
    57,420
    
    
    
    
    
    
    
    
    
    
    
    57,420International Equities
    
    
    13,945
    
    
    
    
    
    
    
    
    
    
    
    13,945Life Cycle/Target Date Funds
    
    
    23,005
    
    
    
    
    
    
    
    
    
    
    
    23,005Bond Funds
    
    
    3,977
    
    
    
    
    
    
    
    
    
    
    
    3,977Subtotal
    
    
    117,070
    
    
    
    
    
    
    
    
    
    
    
    117,070NVR, Inc. Common Stock
    
    
    64,602
    
    
    
    
    
    
    
    
    
    
    
    64,602Investments in Common Collective Trusts
    
    
    
    
    
    
    21,516
    
    
    
    
    
    
    
    21,516Investments in Pooled Separate Accounts
    
    
    61
     
    
    
    
    
    
    
    
    
    
    
    61Other Common Stock
    
    
    1,471
    
    
    
    
    
    
    
    
    
    
    
    1,471Cash
    
    
    3,024
    
    
    
    
    
    
    
    
    
    
    
    3,024Total
    
    $
    186,228
    
    
    $
    21,516
    
    
    $
    
    
    
    $
    207,744
 Payments of BenefitsBenefits are recorded as deductions when paid. At December 31, 2010 and 2009, refunds of
$93 and $372, respectively, were due to participants for excess contributions made during
the Plan Year and are reflected as a reduction of employee contributions in the Statement of Changes
in Net Assets Available for Plan Benefits.Use of Estimates in Preparation of Financial StatementsThe preparation of financial statements in conformity with GAAP requires the Plan
Administrator to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of Plan activity during the reporting period.
Accordingly, actual results may differ from those estimates.3.
    
    InvestmentsThe investments of the Plan are maintained in a master trust with the investments of
the NVR, Inc. and Affiliated Companies Employee Stock Ownership Plan (ESOP). The Plans
share of changes in the master trust and the value of the master trust have been reported to
the Plan by the trustee as having been determined through the use of fair values for all
investments, except for fully benefit-responsive
investment contracts which are adjusted from fair value to contract value. See footnote 2
for further discussion of fully benefit-responsive investment contracts. The undivided
interest of each Plan in the master trust is increased or decreased (as the case may be) (i)
for the entire amount of every contribution received on behalf of the Plan, every benefit
payment, or other expense attributable solely to such Plan, and every other transaction
relating only to such Plan; and (ii) for accrued income, gain or loss, and administrative
expense attributable solely to such Plan. The Plans interest in the master trust was
approximately 42% and 39% as of December 31, 2010 and 2009, respectively.
 8




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##### 



The following table presents the investments in the master trust at fair value for all
investments except for fully benefit-responsive investment contracts which are presented
at contract value:
 December 31,2010
    
    
    2009NVR, Inc. Common Stock
    
    $
    317,008
    
    
    $
    348,565Investments in Registered Investment Companies
    
    
    165,292
    
    
    
    142,788Investments in Common Collective Trusts
    
    
    31,424
    
    
    
    36,343Investments in Pooled Separate Account
    
    
    
    
    
    
    61Other Common and Preferred Stock
    
    
    3,798
    
    
    
    1,559Cash
    
    
    1,817
    
    
    
    3,363Total
    
    $
    519,339
    
    
    $
    532,679
 The interests of each the PSP and ESOP participating in the master trust investments at
December 31, 2010 and 2009 were as follows:
 2010
    
    
    2009NVR, Inc. and Affiliated Companies
Employee Stock Ownership Plan
    
    $
    301,378
    
    
    $
    324,535Profit Sharing Plan of NVR, Inc.
and Affiliated Companies
    
    
    217,961
    
    
    
    208,144Investments in master trust
    
    $
    519,339
    
    
    $
    532,679
 Net investment income for the master trust for the year ended December 31, 2010 was as follows:
 Net investment loss due to depreciation of common
and preferred stock
    
    $
    (9,945
    )Net investment gain due to appreciation in investments
in Registered Investment Companies
    
    
    19,532Interest
    
    
    230Dividends
    
    
    2,933Net investment income in master trust
    
    $
    12,750
 The interest of each the PSP and ESOP participating in the net investment income in the
master trust for the year ended December 31, 2010, was as follows:
 NVR, Inc. and Affiliated Companies
Employee Stock Ownership Plan
    
    $
    (4,376
    )Profit Sharing Plan of NVR, Inc.
and Affiliated Companies
    
    
    17,126Net investment income in master trust
    
    $
    12,750
 The income allocation variance between the PSP and ESOP is driven primarily by the
investment mix within the respective plans. The ESOP requires holdings to be predominately
invested in NVR, Inc. common stock; whereas the PSP has no similar requirements and thus
holdings within the PSP are diversified among multiple investments.
 9




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The fair value of the investments of the master trust attributable to the Plan which
represent 5 percent or more of the Plans net assets at the end of each year, were as
follows:
 December 31,2010
    
    
    2009Registered Investment Companies:Fidelity Equity Inc. II Fund
    
    $
    15,726
    
    
    $
    14,353Fidelity Growth Company Fund
    
    
    24,183
    
    
    
    20,043Fidelity Diversified International Fund
    
    
    14,413
    
    
    
    13,621Fidelity Balanced Fund
    
    
    16,174
    
    
    
    14,972Common Collective Trust:Fidelity Managed Income Portfolio Fund (1)
    
    $
    18,556
    
    
    $
    21,916Employer securities:NVR, Inc. Common Stock
    
    $
    57,976
    
    
    $
    64,602
 
 (1)
    
    Investment amounts at contract value. The fair value of the investment was
$18,708 and $21,516 at December 31, 2010 and 2009, respectively. 4.
    
    Tax StatusThe Plan received its latest determination letter on February 17, 2000 which stated that the
Plan is qualified under section 401(a) of the Internal Revenue Code (the Code) and its
related Trust is exempt from tax under section 501(a) of the Code. The Plan has been
amended since receiving the determination letter; however, in the opinion of the Plan
Administrator, the Plan and its underlying Trust have operated within the terms of the Plan
and remain qualified under the applicable provisions of the Code.GAAP requires plan management to evaluate tax positions taken by the Plan and recognize a
tax liability (or asset) if the Plan has taken an uncertain position that more likely than
not would not be sustained upon examination by the Internal Revenue Service. The plan
administrator has analyzed the tax positions taken by the Plan, and has concluded that as of
December 31, 2010, there are no uncertain positions taken or expected to be taken. The Plan
is subject to routine audits by taxing jurisdictions; however, there are currently no audits
for any tax periods in progress. The plan administrator believes it is no longer subject to
income tax examinations for years prior to 2007.5.
    
    The Stable Value FundThe Plan invests in fully benefit-responsive synthetic guaranteed investment contracts
(GICs) as part of offering the Fidelity Managed Income Portfolio Fund (the Fund).
Contributions to this fund are invested in a portfolio of high quality short- and
intermediate-term U.S. bonds, including U.S. government treasuries, corporate debt
securities, and other high-credit quality asset-backed securities.Participant accounts in the Fund are credited with earnings on the underlying investments
and charged for participant withdrawals and administrative expenses. The GIC issuer is
contractually obligated to repay the principal and a specified interest rate that is
guaranteed to the Plan. Participants may ordinarily direct the withdrawal or transfer of
all or a portion of their investment at contract value.
 10




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As discussed in footnote 2, because the GICs are fully benefit-responsive, contract value is
the relevant measurement attribute for that portion of the net assets available for benefits
attributable to the GICs. The average yield of the Fund based on actual earnings was 2.68%
and 3.16% at December 31, 2010 and 2009, respectively. The average yield of the Fund based
on interest rate credited to participants was 1.44% and 1.20% at December 31, 2010 and 2009,
respectively.6.
    
    Plan TerminationAlthough it has not expressed any intent to do so, the Plan Administrator has the right
under the Plan to discontinue contributions at any time and terminate the Plan subject to
the provisions of ERISA. In the event of a Plan termination, partial Plan termination or if
the Sponsor suspends contributions indefinitely, affected participants will become fully
vested in their accounts.7.
    
    Parties-In-InterestAt December 31, 2010 and 2009, Plan investments of $137,675 and $124,326, respectively, are
with parties-in-interest as they are investment funds of the trustee and recordkeeper,
Fidelity Management Trust Company and Fidelity Investments Institutional Operations Company,
Inc.At December 31, 2010 and 2009, investments held by the Plan included 83,900 shares and
90,898 shares of NVR, Inc. common stock, with a fair value of approximately $57,976 and
$64,602, respectively. These qualify as exempt parties-in-interest transactions.8.
    
    Risks and UncertaintiesThe Plan invests in various investment securities. Investment securities are exposed to
various risks such as interest rate, market and credit risks. Due to the level of risk
associated with certain investment securities, it is at least reasonably possible that
changes in the value of investment securities will occur in the near term and that such
changes could materially affect participants account balances and the amounts reported in
the statement of net assets available for benefits.9.
    
    Reconciliation of Financial Statements to Form 5500The following is a reconciliation from the financial statements to the Form 5500 of net
assets available for plan benefits (in thousands):
 December 31,2010
    
    
    2009Net assets available for plan benefits as reported
in the financial statements
    
    $
    222,648
    
    
    $
    212,099Fully benefit responsive investment contracts (a)
    
    
    152
    
    
    
    (400
    )Deemed distributions (b)
    
    
    (95
    )
    
    
    (139
    )Net assets available for plan benefits as reported
in the Form 5500
    
    $
    222,705
    
    
    $
    211,560
 11




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##### 



The following is a reconciliation from the financial statements to the Form 5500 of total
additions/income (in thousands):
 Year endedDecember 31, 2010Total additions to plan assets as reported in the
financial statements
    
    $
    30,467Fully benefit responsive investment contracts,
prior year adjustment (a)
    
    
    400Fully benefit responsive investment contracts,
current year adjustment (a)
    
    
    152Total additions to plan assets as reported in the
Form 5500
    
    $
    31,019
 The following is a reconciliation from the financial statements to the Form 5500 of benefits
paid to participants (in thousands):
 Year endedDecember 31, 2010Benefit payments to participants as reported
in the financial statements
    
    $
    
    

    19,897Deemed distributions, net
    
    
    
    
    (44
    )Benefit payments to participants as reported
in the Form 5500
    
    $
    
    

    19,853
 
 (a)
    
    Fully benefit-responsive investment contracts are included in the financial
statements at contract value as opposed to at fair value in the Form 5500. See
footnote 2 for additional discussion of fully benefit-responsive investment contracts.(b)
    
    Deemed distributions represent defaulted loan balances for which there were no
post-default payment activity. These distributions are disregarded for reporting
purposes within the 5500 but are reflected in the total loan balances for financial
statement reporting purposes. 12




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##### 



PROFIT SHARING PLAN OF
NVR, INC. AND AFFILIATED COMPANIES
EIN: 54-1394360
Plan Number: 001
 Column A
    
    Column B
    
    Column C
    
    Column DIdentity of issue, borrower, lessor, or
    
    
    
    Currentsimilar party
    
    Description of investment
    
    ValueRegistered Investment Companies*
    
    Fidelity Growth Company
    
    Registered investment company  290,830 shares
    
    $
    24,183*
    
    Fidelity Balanced Fund
    
    Registered investment company  887,199 shares
    
    
    16,174*
    
    Fidelity Equity Inc. II
    
    Registered investment company  861,687 shares
    
    
    15,726*
    
    Fidelity Diversified Intl
    
    Registered investment company  478,059 shares
    
    
    14,413*
    
    Fidelity Mid-Cap Stock Fund
    
    Registered investment company  360,750 shares
    
    
    10,408*
    
    Fidelity Freedom Income
    
    Registered investment company  123,825 shares
    
    
    1,397*
    
    Fidelity Freedom 2000
    
    Registered investment company  37,813 shares
    
    
    451*
    
    Fidelity Freedom 2005
    
    Registered investment company  6,649 shares
    
    
    72*
    
    Fidelity Freedom 2010
    
    Registered investment company  80,823 shares
    
    
    1,098*
    
    Fidelity Freedom 2015
    
    Registered investment company  134,087 shares
    
    
    1,520*
    
    Fidelity Freedom 2020
    
    Registered investment company  472,812 shares
    
    
    6,520*
    
    Fidelity Freedom 2025
    
    Registered investment company  219,928 shares
    
    
    2,534*
    
    Fidelity Freedom 2030
    
    Registered investment company  347,996 shares
    
    
    4,792*
    
    Fidelity Freedom 2035
    
    Registered investment company  177,937 shares
    
    
    2,041*
    
    Fidelity Freedom 2040
    
    Registered investment company  733,083 shares
    
    
    5,872*
    
    Fidelity Freedom 2045
    
    Registered investment company  163,120 shares
    
    
    1,548*
    
    Fidelity Freedom 2050
    
    Registered investment company  92,342 shares
    
    
    866*
    
    Fidelity Total Bond
    
    Registered investment company  375,065 shares
    
    
    4,021Spartan US Equity Index Fund
    
    Registered investment company  181,527 shares
    
    
    8,074*
    
    Fidelity Low Priced Stock Fund
    
    Registered investment company  138,222 shares
    
    
    5,305RS Sm Cap Growth A
    
    Registered investment company  83,785 shares
    
    
    3,491ABF Sm Cap Val Inv
    
    Registered investment company  215,148 shares
    
    
    4,176Aberdeen Intl Equity
    
    Registered investment company  376 shares
    
    
    5Alger Small Capital Class C
    
    Registered investment company  413 shares
    
    
    3Amana Mutual Fund Trust Income
    
    Registered investment company  2,618 shares
    
    
    83Amana Mutual Fund Trust Growth
    
    Registered investment company  6,089 shares
    
    
    150Arisan International
    
    Registered investment company  2,097 shares
    
    
    45Blackrock Health Sciences Port. CL C
    
    Registered investment company  1,529 shares
    
    
    41Dodge & Cox International Stock Fund
    
    Registered investment company  1,339 shares
    
    
    48*
    
    Fidelity New Market Income
    
    Registered investment company  2,713 shares
    
    
    43*
    
    Fidelity Floating Rate High Income
    
    Registered investment company  536 shares
    
    
    5*
    
    Fidelity Contrafund
    
    Registered investment company  107 shares
    
    
    7*
    
    Fidelity High Income
    
    Registered investment company  8,979 shares
    
    
    80*
    
    Fidelity Ginnie Mae
    
    Registered investment company  948 shares
    
    
    11*
    
    Fidelity Strategic Income
    
    Registered investment company  471 shares
    
    
    5*
    
    Fidelity Dividend Growth
    
    Registered investment company  481 shares
    
    
    14
 13




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##### 



PROFIT SHARING PLAN OF
NVR, INC. AND AFFILIATED COMPANIES
EIN: 54-1394360
Plan Number: 001
 Column A
    
    Column B
    
    Column C
    
    Column DIdentity of issue, borrower, lessor, or
    
    
    
    Currentsimilar party
    
    Description of investment
    
    ValueRegistered Investment Companies*
    
    Fidelity Leveraged Company Stock
    
    Registered investment company  486 shares
    
    
    14American Fundamental Investors Class C
    
    Registered investment company  69 shares
    
    
    3FPA Crescent Institutional
    
    Registered investment company  124 shares
    
    
    3Fairholme Fund
    
    Registered investment company  117 shares
    
    
    4Oakmark Fund
    
    Registered investment company  307 shares
    
    
    13Heartland Value Plus
    
    Registered investment company  472 shares
    
    
    14Hussman Strategic Total Return
    
    Registered investment company  436 shares
    
    
    5Icon Materials
    
    Registered investment company  1,732 shares
    
    
    20Icon Energy
    
    Registered investment company  1,543 shares
    
    
    31Janus Strategic Value Fund
    
    Registered investment company  989 shares
    
    
    14Janus Global Technology
    
    Registered investment company  3,085 shares
    
    
    53Janus High Yield Bond
    
    Registered investment company  4,857 shares
    
    
    44Janus Overseas
    
    Registered investment company  2,661 shares
    
    
    135Matthews Asia Pacif Equity Income Fund
    
    Registered investment company  403 shares
    
    
    6Matthews Pacific Tiger Fund
    
    Registered investment company  4,045 shares
    
    
    95Matthews China Fund
    
    Registered investment company  227 shares
    
    
    7Oppenheimer Intl Diversified Fund CL N
    
    Registered investment company  1,048 shares
    
    
    13Pimco Total Return Class D
    
    Registered investment company  13,968 shares
    
    
    152Parnassus Workplace
    
    Registered investment company  607 shares
    
    
    13Royce Value Fund
    
    Registered investment company  6,450 shares
    
    
    82Scout Mid Cap
    
    Registered investment company  457 shares
    
    
    6Vanguard Energy
    
    Registered investment company  118 shares
    
    
    8Vanguard Specialized Gold & Prec Metals
    
    Registered investment company  473 shares
    
    
    12Vanguard Windsor II
    
    Registered investment company  20,740 shares
    
    
    532Vanguard Inflation Protected Secs
    
    Registered investment company  2,809 shares
    
    
    36Yacktman Focused Fund
    
    Registered investment company  709 shares
    
    
    13Annaly Mortgage Management Inc.
    
    Registered investment company  207 shares
    
    
    4Enterprise Products PPtns. LP.
    
    Registered investment company  103 shares
    
    
    4Suburban Propane Partners LP.
    
    Registered investment company  103 shares
    
    
    6136,564Common Collective Trusts*
    
    Fidelity Managed Income Portfolio
    
    Common collective trust  18,556,268 shares
    
    
    18,708Employer Securities*
    
    NVR, Inc.
    
    NVR, Inc. common stock  83,900 shares
    
    
    57,976
 14




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##### 



PROFIT SHARING PLAN OF
NVR, INC. AND AFFILIATED COMPANIES
EIN: 54-1394360
Plan Number: 001
 Column A
    
    Column B
    
    Column C
    
    Column DIdentity of issue, borrower, lessor, or
    
    
    
    Currentsimilar party
    
    Description of investment
    
    ValueCommon StocksFrontline LTD
    
    Shares of stock  500 shares
    
    
    13Fortescue Metal Grp LTD
    
    Shares of stock  107 shares
    
    
    1AP Pharma Inc. Com. New
    
    Shares of stock  135 shares
    
    
    Avi Biopharma Inc.
    
    Shares of stock  1,200 shares
    
    
    3Agnico Eagle Mines LTD
    
    Shares of stock  200 shares
    
    
    15Alcoa Inc.
    
    Shares of stock  1,008 shares
    
    
    16Altria Group Inc.
    
    Shares of stock  200 shares
    
    
    5Apple Computer Inc.
    
    Shares of stock  80 shares
    
    
    26Archer Daniels Midland
    
    Shares of stock  101 shares
    
    
    3Baidu Com. Inc.
    
    Shares of stock  200 shares
    
    
    19Bank of America Corp
    
    Shares of stock  15,546 shares
    
    
    207Baxter Intl. Inc.
    
    Shares of stock  500 shares
    
    
    25Berkshire Hathaway Inc
    
    Shares of stock  1,000 shares
    
    
    80Blackrock Kelso Cap Corporation
    
    Shares of stock  103 shares
    
    
    1Boeing Co
    
    Shares of stock  110 shares
    
    
    7Boston Scientific
    
    Shares of stock  1,000 shares
    
    
    8Brookfield Asset Management
    
    Shares of stock  500 shares
    
    
    17Caterpillar Inc.
    
    Shares of stock  218 shares
    
    
    20Cisco Sys. Inc.
    
    Shares of stock  2,000 shares
    
    
    41Citigroup Inc.
    
    Shares of stock  225 shares
    
    
    1Coca Cola Co.
    
    Shares of stock  210 shares
    
    
    14Conforce Intl Inc.
    
    Shares of stock  30,000 shares
    
    
    15Constellation Energy Group
    
    Shares of stock  101 shares
    
    
    3Crocs Inc.
    
    Shares of stock  657 shares
    
    
    11Cypress Sharpridge Invts Inc.
    
    Shares of stock  209 shares
    
    
    3Diageo Plc.
    
    Shares of stock  102 shares
    
    
    8Dominion Resources Inc.
    
    Shares of stock  1,011 shares
    
    
    43EMC Corp.
    
    Shares of stock  250 shares
    
    
    6Exxon Mobile Corp.
    
    Shares of stock  1,072 shares
    
    
    78Frontier Communications Corp.
    
    Shares of stock  125 shares
    
    
    1Galloway Energy Co.
    
    Shares of stock  7 shares
    
    
    General Electric Co.
    
    Shares of stock  1,056 shares
    
    
    19Genoil Inc.
    
    Shares of stock  20,000 shares
    
    
    6Graco, Inc.
    
    Shares of stock  817 shares
    
    
    32Greenhaven Continuous Commodity
    
    Shares of stock  2,000 shares
    
    
    66Halliburton Co. Holding Co Family
    
    Shares of stock  836 shares
    
    
    34Heinz H J Co.
    
    Shares of stock  204 shares
    
    
    10Hormel George A & Co.
    
    Shares of stock  104 shares
    
    
    5
 15




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##### 



PROFIT SHARING PLAN OF
NVR, INC. AND AFFILIATED COMPANIES
EIN: 54-1394360
Plan Number: 001
 Column A
    
    Column B
    
    Column C
    
    Column DIdentity of issue, borrower, lessor, or
    
    
    
    Currentsimilar party
    
    Description of investment
    
    ValueCommon StocksIllinois Tool Works
    
    Shares of stock  206 shares
    
    
    11Intel Corp
    
    Shares of stock  3,591 shares
    
    
    76Ishares Inc MSCI Singapore Index
    
    Shares of stock  227 shares
    
    
    3Ishares Inc MSCI Switzerland Index
    
    Shares of stock  305 shares
    
    
    8Ishares Trust Russell 3000 Index
    
    Shares of stock  1,005 shares
    
    
    75Ishares Trust Dow Jones US Energy Sector
    
    Shares of stock  2,006 shares
    
    
    78Ishares Trust S&P Smallcap 600 Index
    
    Shares of stock  1,507 shares
    
    
    103Ishares Trust Dow Jones US Basic Materials
    
    Shares of stock  1,004 shares
    
    
    78Joes Jeans Inc.
    
    Shares of stock  1,800 shares
    
    
    3Johnson & Johnson
    
    Shares of stock  1,072 shares
    
    
    66Legg Mason
    
    Shares of stock  373 shares
    
    
    14Limelight Networks Inc.
    
    Shares of stock  750 shares
    
    
    4McCormick & Co. Inc.
    
    Shares of stock  105 shares
    
    
    5McDonalds Corp
    
    Shares of stock  185 shares
    
    
    14Medtronic Inc.
    
    Shares of stock  543 shares
    
    
    20Microsoft Corp.
    
    Shares of stock  1,611 shares
    
    
    45Nike, Inc.
    
    Shares of stock  508 shares
    
    
    43Novartis AG ADR
    
    Shares of stock  559 shares
    
    
    33Pacific Webworks Inc.
    
    Shares of stock  6,380 shares
    
    
    1Patterson Companies, Inc.
    
    Shares of stock  303 shares
    
    
    9Petroleo Brasileiro SA
    
    Shares of stock  500 shares
    
    
    19Pfizer Inc.
    
    Shares of stock  1,267 shares
    
    
    22Powershares Global Water Port.
    
    Shares of stock  925 shares
    
    
    18Procter & Gamble Co.
    
    Shares of stock  1,117 shares
    
    
    72S&P 500 Depository Receipt
    
    Shares of stock  6,150 shares
    
    
    773SPDR Gold TR Gold Shares
    
    Shares of stock  750 shares
    
    
    104Sector SPDR TR SHS BEN Int. Technology
    
    Shares of stock  4,000 shares
    
    
    101Sector SPDR TR SHS BEN Int. Utilitites
    
    Shares of stock  6,000 shares
    
    
    188Sirius XM Radio Inc.
    
    Shares of stock  1,000 shares
    
    
    2Skyworks Solutions Inc.
    
    Shares of stock  250 shares
    
    
    7Sprint Corp.
    
    Shares of stock  500 shares
    
    
    2Starbucks Corp.
    
    Shares of stock  203 shares
    
    
    7Sysco Corp.
    
    Shares of stock  324 shares
    
    
    10TFS Finl. Corp.
    
    Shares of stock  275 shares
    
    
    3TEVA Pharmaceutical INDS LTD
    
    Shares of stock  1,023 shares
    
    
    53UIL Hldg. Corp.
    
    Shares of stock  102 shares
    
    
    3Unilever PLC
    
    Shares of stock  338 shares
    
    
    10United States Nat. Gas Fd LP Unit
    
    Shares of stock  1,000 shares
    
    
    6
 16




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##### 



PROFIT SHARING PLAN OF
NVR, INC. AND AFFILIATED COMPANIES
EIN: 54-1394360
Plan Number: 001
 Column A
    
    Column B
    
    Column C
    
    Column DIdentity of issue, borrower, lessor, or
    
    
    
    Currentsimilar party
    
    Description of investment
    
    ValueCommon StocksUnited Technologies Corp.
    
    Shares of stock  563 shares
    
    
    44Unitedhealth Group
    
    Shares of stock  609 shares
    
    
    22Vanguard Intl Equity Index Fd Inc.
    
    Shares of stock  2,180 shares
    
    
    105Verizon Communications
    
    Shares of stock  250 shares
    
    
    9Visa Inc.
    
    Shares of stock  200 shares
    
    
    14VU1 Corp.
    
    Shares of stock  310 shares
    
    
    Wal-Mart Stores Inc.
    
    Shares of stock  503 shares
    
    
    27Wellpoint Inc.
    
    Shares of stock  60 shares
    
    
    3Wells Fargo & Co.
    
    Shares of stock  1,035 shares
    
    
    32Windstream Corp.
    
    Shares of stock  204 shares
    
    
    3Put (BAC) Bank of America
    
    Shares of stock  70 shares
    
    
    6Put (DIS) Walt Disney Co.
    
    Shares of stock  50 shares
    
    
    Put (MAR) Marriott Intl
    
    Shares of stock  25 shares
    
    
    Put (PFE) Pfizer Inc.
    
    Shares of stock  40 shares
    
    
    Put (RYE) Ryland Group Inc.
    
    Shares of stock  25 shares
    
    
    5Put (BP) BP Plc. Adr.
    
    Shares of stock  100 shares
    
    
    2Call (GLD) Spdr. Gold Trust
    
    Shares of stock  8 shares
    
    
    113,234Preferred StockFord Motor Co.
    
    Shares of stock  250 shares
    
    
    6Interest-bearing cash
    
    Cash held for pending investments and participant distributions in interest-bearing call accounts
    
    
    1,625*
    
    Participant loans  other
    
    Participant loans with various rates of interest
from 4.25% to 10.50% and maturity dates through November 2025
    
    
    4,642222,755
 
 *
    
    Party in interest. 17




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##### 



SIGNATURES
   NVR, Inc.By:
    /s/ Kevin N. ReichardKevin N. ReichardPlan Administrator 18




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##### 



EXHIBIT INDEX
 ExhibitNumber
    
    Description23.1
    
    Consent of Independent Registered Public Accounting Firm
 19