SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* SEREMET DENNIS M (Last) (First) (Middle) 7601 LEWINSVILLE ROAD SUITE 300 (Street) MCLEAN VA 22102 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol NVR INC [ NVR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Vice President and Controller
	3. Date of Earliest Transaction (Month/Day/Year) 08/21/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
NVR, Inc. common stock	08/21/2003		M		7,000	A	$10.625	47,877	D
NVR, Inc. common stock	08/21/2003		S		3,500	D	$438	44,377	D
NVR, Inc. common stock	08/21/2003		S		1,000	D	$438.31	43,377	D
NVR, Inc. common stock	08/21/2003		S		2,500	D	$438.02	40,877	D
NVR, Inc. common stock	08/22/2003		M		1,000	A	$10.625	41,877	D
NVR, Inc. common stock	08/22/2003		S		1,000	D	$438.15	40,877	D
NVR, Inc. common stock								1,847	I	By Profit Sharing Trust
NVR, Inc. common stock								2,984	I	By ESOP Trust
NVR, Inc. common stock								600	I	By Trust for children

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee stock option (right to buy)	$10.625	08/21/2003		M			7,000	(1)	05/30/2006	common stock	7,000	$0	13,000	D
Employee stock option (right to buy)	$10.625	08/22/2003		M			1,000	(1)	05/30/2006	common stock	1,000	$0	12,000	D

Explanation of Responses:

1. Options issued under the 1996 Management Long-Term Stock Option Plan vested annually in one-third increments on December 31, 2000, 2001, and 2002.

Remarks:

	Darrell A. Carlisle as Attorney-in-Fact for Dennis M. Seremet	08/25/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and
appoints Paul C. Saville, Paul C. Columbus and Darrell A. Carlisle, singly
and not jointly, the undersigned's true and lawful attorney-in-fact to:

1)	execute for and on behalf of the undersigned Form 144 pursuant to Rule
144 under the Securities Act of 1933 and Forms 3, 4 and 5 in accordance
with Section 16(a) of the Securities Exchange Act of 1934 and the rules
thereunder;

2)	do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete the execution of any
such Form 144, 3, 4 or 5 and the timely filing of such Form with the
United States Securities and Exchange Commission and any other
authority; and

3)	take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned.

The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform all and every act and thing whatsoever
requisite, necessary and proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact shall lawfully do or cause to be done by virtue of this power
of attorney and the rights and powers herein granted.  The undersigned
acknowledges that the foregoing attorneys-in-fact, in serving in such
capacity at the request of the undersigned, are not assuming any of the
undersigned's responsibilities to comply with Rule 144 of the Securities Act
of 1933 and Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file forms 144, 3, 4, and 5 with respect
to the undersigned's holdings of and transactions in securities issued by
NVR, Inc., unless earlier revoked by delivering a signed, original
"Revocation of Power of Attorney" to the attorney-in-fact.

	IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 21st day of August, 2003.


							_/s/ Dennis M. Seremet____
						Signature

							_Dennis M. Seremet     ____
							Print Name