Investors

RESTON, Va., Dec. 8 /PRNewswire-FirstCall/ -- NVR, Inc. (Amex: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced that it has entered into a new credit facility increasing and extending its existing revolving credit facility. The new $400 million credit arrangement, which matures in December 2010, represents an increase of $250 million compared to the replaced $150 million facility.

The new facility is led by JPMorgan Chase Bank, N.A. as Administrative Agent, U.S. Bank National Association, as Syndication Agent, SunTrust Bank and Wachovia Bank, National Association, as Documentation Agents, and AmSouth Bank, Comerica Bank, Calyon New York Branch and Mizuho Corporate Bank, Ltd., as Managing Agents. J.P. Morgan Securities Inc. acted as Lead Arranger and Sole Book Runner. A total of thirteen banks participate in the facility.

Some of the statements in this release made by the Company constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should" or "anticipates" or the negative thereof or other variations thereof or comparable terminology, or by discussion of strategies, each of which involves risks and uncertainties. All statements other than those of historical facts included herein, including those regarding market trends, NVR's financial position, business strategy, projected plans and objectives of management for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of NVR to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements. Such risk factors include, but are not limited to, general economic and business conditions (on both a national and regional level), interest rate changes, access to suitable financing, competition, the availability and cost of land and other raw materials used by NVR in its homebuilding operations, shortages of labor, weather related slow downs, building moratoria, governmental regulation, the ability of NVR to integrate any acquired business, fluctuation and volatility of stock and other financial markets and other factors over which NVR has little or no control. The Company has no obligation to update such forward- looking statements.

SOURCE  NVR, Inc.
    -0-                             12/08/2005
    /CONTACT:  Dan Malzahn of NVR, Inc., +1-703-956-4204/
    /Web site:  http://www.nvrinc.com /
    (NVR)

CO:  NVR, Inc.
ST:  Virginia
IN:  FIN RLT CST
SU:  FNC

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5532 12/08/2005 09:19 EST http://www.prnewswire.com