NVR, Inc. Announces Share Repurchase

                     NVR, Inc. Announces Share Repurchase

PR Newswire

RESTON, Va., Dec. 18, 2012

RESTON, Va., Dec. 18, 2012 /PRNewswire/ -- NVR, Inc. (NYSE: NVR), announced
today that its Board of Directors has authorized the repurchase of $300
million of its outstanding common stock. The purchases will occur from time
to time in the open market and/or in privately negotiated transactions as
market conditions permit. The Company indicated that the authorization is a
continuation of the stock repurchase program that began in 1994 and is
consistent with NVR's strategy of maximizing shareholder value. Consistent
with prior authorizations, this new authorization prohibits the Company from
purchasing shares from the Company's officers, directors, Profit Sharing/401K
Plan Trust or Employee Stock Ownership Plan Trust. NVR currently has
4,910,530 shares of common stock outstanding.

About NVR

NVR, Inc. operates in two business segments: homebuilding and mortgage
banking. The homebuilding unit sells and builds homes under the Ryan Homes,
NVHomes and Fox Ridge Homes trade names, and operates in 27 metropolitan areas
in 15 states. For more information about NVR, Inc. and its brands, see
www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and www.foxridgehomes.com.

SOURCE NVR, Inc.

Contact: Dan Malzahn, Office: +1-703-956-4204
 
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