UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                                (Amendment No. 1)



                                    NVR, INC.
        ----------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
        ----------------------------------------------------------------
                         (Title of Class of Securities)

                                    62944T105
        ----------------------------------------------------------------
                                 (CUSIP Number)


* The remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).




                                Page 1 of 4 Pages




           



                                  SCHEDULE 13G

CUSIP No. 62944T105                                         Page 2 of 4 Pages

1     NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Quaker Capital Management Corporation
      --------------------------------------

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a)
                                                                             ---
                                                                         (b)  X
                                                                             ---
3     SEC USE ONLY

4     CITIZENSHIP OR PLACE OF ORGANIZATION

            Pennsylvania
            ------------

   NUMBER OF                  5  SOLE VOTING POWER                       179,200
    SHARES
  BENEFICIALLY                6  SHARED VOTING POWER                     543,600
   OWNED BY
     EACH                     7  SOLE DISPOSITIVE POWER                  179,200
  REPORTING
    PERSON                    8  SHARED DISPOSITIVE POWER                543,600
     WITH

9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            722,800
            -------

10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 
      CERTAIN SHARES
                     ----

      The Reporting  Person  disclaims  beneficial  ownership of 705,500  shares
      owned by its clients.


11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            6.51%
            -----

12    TYPE OF REPORTING PERSON*

             IA
            ----
                               Page 2 of 4 Pages




                                  SCHEDULE 13G
                               CUSIP NO. 62944T105

      This  constitutes  Amendment  No. 1 to the Schedule 13G of Quaker  Capital
Management  Corporation  filed with the  Securities  and Exchange  Commission on
February  11, 1997  relating to the Common  Stock of NVR,  Inc.  (the  "Schedule
13G").

Item 4 of the Schedule 13G is hereby amended and restated to read as follows:

Item 4.     Ownership
            ---------

      (a)   The Reporting Person, in its capacity as investment adviser, may
            be deemed to be the beneficial owner of 705,500 shares of the
            Common Stock of the Issuer which are owned by various investment
            advisory clients of the Reporting Person in accounts over which
            the Reporting Person has discretionary authority.  The filing of
            this report shall not be construed as an admission that the
            Reporting Person is, for purposes of Section 13(d) or 13(g) of
            the Act, the beneficial owner of these securities.  Additionally,
            the Reporting Person and/or its principals own 17,300 shares of
            the Common Stock of the Issuer.

      (b)   The shares  covered  by this  report  represent  6.51% of the 
            Common Stock of the Issuer.

      (c)   None of the clients of the Reporting Person is known to own more
            than 5% of the Common Stock of the Issuer.  The Reporting Person
            has shared voting and dispositive power over 543,600 shares and
            sole voting and dispositive power over 161,900 shares owned by
            its clients and held in accounts over which it has discretionary
            authority.  The Reporting Person and/or its principals have sole
            voting and dispositive power over the 17,300 shares owned by the
            Reporting Person and/or its principals.

Item 6 of the Schedule 13G is hereby amended and restated to read as follows:

Item 6.     Ownership of More than Five Percent on
            Behalf of Another Person
            ---------------------------------------

            705,500 of the shares with respect to which this report is filed are
            owned by a variety of investment  advisory  clients of the Reporting
            Person,  which clients are entitled to receive  dividends on and the
            proceeds  from the sale of such  shares.  No  client is known to own
            more than 5% of the class.

                               Page 3 of 4 Pages




                                    SIGNATURE

      After  reasonable  inquiry and to the best of my knowledge  and belief,  I
certify that the information  set forth in this statement is true,  complete and
correct.


                              QUAKER CAPITAL MANAGEMENT CORPORATION


February 12, 1998               By: /s/ Mark G. Schoeppner
                                    -----------------------------------
                                    Mark G. Schoeppner
                                    President


                               Page 4 of 4 Pages