NVR (NVR) 8-K Entry into a Material Definitive Agreement

Exhibit 12.1

NVR, Inc.

Ratios of Earnings to Fixed

Charges

(in thousands, except ratio

amounts)

	Six Months Ended			Year Ended December 31,
	June 30, 2012			2011			2010			2009			2008			2007
Earnings
NVR, Inc. consolidated
Pre-tax income from continuing operations	$	94,913		$	207,576		$	322,393		$	298,414		$	167,455		$	539,505
Fixed charges		8,627			18,696			22,615			29,730			38,678			42,151
Non-controlling interest (income) expense		(244	)		(429	)		(400	)		40			4			(25	)
Distributed income from equity investees		805			2,347			1,307			—			—			—
Less: Equity income from subsidiaries		(1,813	)		(4,423	)		(1,217	)		(629	)		(745	)		(1,060	)
Total Earnings	$	102,288		$	223,767		$	344,698		$	327,555		$	205,392		$	580,571
Fixed Charges:
Interest expense
NVR, Inc. consolidated	$	523		$	1,892		$	5,409		$	9,863		$	12,488		$	12,687
Amortization of debt issuance costs
NVR, Inc. consolidated		—			—			620			1,517			1,168			1,144
Interest component of rental expense		8,104			16,804			16,586			18,350			25,022			28,320
Total Fixed Charges:	$	8,627		$	18,696		$	22,615		$	29,730		$	38,678		$	42,151
Ratio of earnings to fixed charges		11.9			12.0			15.2			11.0			5.3			13.8