906163--2/21/2007--NVR_INC

related topics

{gas, price, oil}

{cost, regulation, environmental}

{loan, real, estate}

{debt, indebtedness, cash}

Our inability to secure and control an adequate inventory of lots could adversely impact our operations. If the market value of our inventory declines, our profit could decrease. Our current indebtedness may impact our future operations and our ability to access necessary financing. Government regulations and environmental matters could negatively affect our operations. We face competition in our housing and mortgage banking operations.

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