<PAGE>

     As filed with the Securities and Exchange Commission on June 4, 1999
                                     Registration Statement No. 333-____________

--------------------------------------------------------------------------------

                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

                             --------------------

                                   FORM S-8
                          REGISTRATION STATEMENT UNDER
                          THE SECURITIES ACT OF 1933

                             --------------------

                                   NVR, INC.
            (Exact name of Registrant as specified in its Charter)

     Virginia                                                      54-1394360
(State or other jurisdiction of          (I.R.S. Employer Identification Number)
   incorporation or organization)
                             7601 Lewinsville Road
                            McLean, Virginia 22102
                                (703) 761-2000
           (Address of principal executive office, including zip code)

                           NVR, INC. 1998 DIRECTORS'
                                LONG-TERM STOCK
                                  OPTION PLAN
                           (Full title of the Plan)

                             --------------------

                                Dwight C. Schar
                             7601 Lewinsville Road
                            McLean, Virginia 22102
                                (703) 761-2000

(Name, address and telephone number, including area code, of agent for service)

                                 With copy to:

                        Christopher C. Giragosian, Esq.
                               Hunton & Williams
                              1751 Pinnacle Drive
                                  Suite 1700
                            McLean, Virginia 22102
                                (703) 714-7426

                             --------------------

                        CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
=================================================================================================================
                                                Proposed maximum         Proposed maximum
    Title of securities     Amount to be           offering price          aggregate                Amount of
     to be registered        registered            per share(1)           offering price(1)      registration fee
<S>                       <C>                   <C>                     <C>                      <C>
-----------------------------------------------------------------------------------------------------------------
Common Stock, par value   150,000 shares            $48.50(1)               $7,275,000               $2,022.45
$.01 per share
=================================================================================================================
</TABLE>
         (1) Estimated solely for the purpose of computing the registration fee.
This amount was calculated pursuant to Rule 457(c) under the Securities Act of
1933 on the basis of $48.50 per share, which was the average of the high and low
prices of the Common Stock on the American Stock Exchange on June 1, 1999.

<PAGE>

                                    PART I

             INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.  Plan Information.

         Not required to be filed with the Securities and Exchange Commission
(the "Commission").

Item 2.  Registrant Information and Employee Plan Annual Information.

         Not required to be filed with the Commission.


                                    PART II

              INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

         The following documents filed by NVR, Inc. (the "Corporation") with the
Commission pursuant to the Securities and Exchange Act of 1934 (the "Exchange
Act") are incorporated herein by reference and made a part hereof: (i) the
Corporation's Annual Report on Form 10-K for the fiscal year ended December 31,
1998; (ii) the Corporation's Quarterly Report on Form 10-Q for the quarter ended
March 31, 1999.

         Additionally incorporated by reference in to this Registration
Statement is the description of the Corporation's Common Stock (the "Common
Stock") contained in a Registration Statement on Form S-1, Registration No.
33-69436, as amended, originally filed with the Commission on September 24,
1993, which is an exhibit to the Corporation's Registration Statement on Form
8-A filed with the Commission on September 27, 1993, including any amendment or
report filed for the purpose of updating such description.

         All documents filed by the Corporation pursuant to Section 13(a),
13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and prior to the filing of a post-effective amendment that
indicates that all securities registered hereunder have been issued or that
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part hereof
from the date of filing of such documents. Any statement, including financial
statements contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement contained herein or in any other subsequently
filed document that is incorporated by reference herein modifies or supersedes
such earlier statement. Any such statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

Item 4.  Description of Securities.

         Not applicable.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

         Each director and officer of the Registrant is insured and indemnified
against liability incurred by him or her in his or her capacity as an officer
and/or director, pursuant to the following:

                                     II-2
<PAGE>

         (a)   Articles 8 and 9 of the Registrant's Articles of Incorporation,
entitled "Indemnification" and "Limitation of Liability of Officers and
Directors," respectively, which are set forth as Exhibit 3.7 to NVR, Inc.'s 1993
Registration Statement are incorporated herein by reference; and

         (b)   Sections 13.1-692.1, 13.1-697, 13.1-698, 13.1-702, 13.1-703 and
13.1-704 of the Virginia Stock Corporation Act, are hereby incorporated by
reference herein.

                                *     *      *

         Insofar as indemnification for liabilities arising under the Securities
Act of 1933, as amended (the "Securities Act"), may be permitted to directors,
officers, and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of
the Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.

Item 7.  Exemption from Registration Claimed.

         Not applicable.

Item 8.  Exhibits.

Exhibit No.
----------

3.1      Restated Articles of Incorporation of the Corporation incorporated
         herein by reference to Exhibit 3.7 in NVR, Inc.'s 1993 Registration
         Statement.

3.2      By-laws of the Corporation incorporated herein by reference to Exhibit
         3.8 in NVR, Inc.'s 1993 Registration Statement.

4        NVR, Inc. 1998 Directors' Long-Term Stock Option Plan.

5        Opinion of Hunton & Williams as to the legality of the securities being
         registered.

23.1     Consent of Hunton & Williams (included in the opinion filed as Exhibit
          5 to the Registration Statement).

23.2     Consent of KPMG LLP (independent auditors).

24       Power of Attorney (included on signature page).

Item 9.  Undertakings

         (a)      The undersigned registrant hereby undertakes:

                  1.       To file, during any period in which offers or sales
are made, a post-effective amendment to this registration statement;

                                     II-3

<PAGE>

                           (i)      To include any prospectus required by
                                    Section 10(a)(3) of the Securities Act of
                                    1933, as amended (the "Securities Act");

                           (ii)     To reflect in the prospectus any facts or
                                    events arising after the effective date of
                                    the registration statement (or the most
                                    recent post-effective amendment thereof)
                                    which, individually or in the aggregate,
                                    represent a fundamental change in the
                                    information set forth in the registration
                                    statement. Notwithstanding the foregoing,
                                    any increase or decrease in volume of
                                    securities offered (if the total dollar
                                    value of securities offered would not exceed
                                    that which was registered) and any deviation
                                    from the low or high end of the estimated
                                    maximum offering range may be reflected in
                                    the form of prospectus filed with the
                                    Commission pursuant to Rule 424(b) if, in
                                    the aggregate, the changes in volume and
                                    price represent no more than 20 percent
                                    change in the maximum aggregate offering
                                    price set forth in the "Calculation of
                                    Registration Fee" table in the effective
                                    registration statement;

                           (iii)    To include any material information with
                                    respect to the plan of distribution not
                                    previously disclosed in the registration
                                    statement or any material change in such
                                    information in the registration statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
--------  -------
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the registrant pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by
reference in this Registration Statement.

             2. That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
                                                                           ----
fide offering thereof.
----

             3.  To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

         (b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange
Act of 1934 (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in this Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

         (c) The undertaking concerning indemnification is as set forth under
the response to Item 6.

                                     II-4
<PAGE>

                                  SIGNATURES

         Pursuant to the requirements of the Securities Act, the Corporation
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the County of Fairfax, Commonwealth of Virginia,
on this fourth day of June, 1999.


                                        NVR, INC.


                                        By: /s/ Dwight C. Schar
                                            -----------------------
                                            Dwight C. Schar
                                            Chairman of the Board,
                                            Chief Executive Officer
                                            and President

                               POWER OF ATTORNEY

         Pursuant to the requirements of the Securities Act, this registration
statement has been signed by the following persons in the capacities indicated
on this fourth day of June, 1999. Each person whose signature
appears below hereby authorizes either agent for service named in this
Registration Statement to execute in the name of each such person, and to file,
any amendment, including any post-effective amendment, to this Registration
Statement making such changes in this Registration Statement as the registrant
deems appropriate, and appoints such agent for service as attorney-in-fact to
sign on his behalf individually and in each capacity stated below and file all
amendments and post-effective amendments to this Registration Statement.

        Signature                                    Title
        ---------                                    -----
                                  Chairman of the Board of Directors, President,
By: /s/ Dwight C. Schar            and Chief Executive Officer
    -------------------------
        Dwight C. Schar

By: /s/ Paul C. Saville           Chief Financial Officer, Senior Vice
    -------------------------      President and Treasurer
        Paul C. Saville

By: /s/ Dennis M. Seremet         Vice President and Controller
    -------------------------
        Dennis M. Seremet

By: /s/ C. Scott Bartlett, Jr.    Director
    -------------------------
        C. Scott Bartlett, Jr.

By: /s/ Manuel H. Johnson         Director
    _________________________
        Manuel H. Johnson

By: /s/ William A. Moran          Director
    _________________________
        William A. Moran
                                     II-5
<PAGE>

By: /s/ Richard H. Norair, Sr.    Director
    -------------------------
        Richard H. Norair, Sr.

By: /s/ David A. Preiser          Director
    -------------------------
        David A. Preiser

By: /s/ George E. Slye            Director
    -------------------------
        George E. Slye

By: /s/ John M. Toups             Director
    -------------------------
        John M. Toups
                                     II-6
<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

                             --------------------







                                   EXHIBITS

                                  filed with

                            REGISTRATION STATEMENT

                                      on

                                   FORM S-8

                                     UNDER

                          THE SECURITIES ACT OF 1933


                             --------------------







                                   NVR, INC.
                  1998 Directors' Long-Term Stock Option Plan
                           (full title of the plan)


----------------------------------------------------------------------------

                                     II-7
<PAGE>

                            EXHIBIT INDEX
                            -------------

3.1       Restated Articles of Incorporation of the Corporation Incorporated
          herein by reference to Exhibit 3.7 in NVR, Inc.'s 1993 Registration
          Statement.

3.2       By-laws of the Corporation Incorporated herein by reference to Exhibit
          3.8 in NVR, Inc.'s 1993 Registration Statement.

4         NVR, Inc. 1998 Directors' Long-Term Stock Option Plan.

5         Opinion of Hunton & Williams.

23.1      Consent of Hunton & Williams (included in the opinion filed as Exhibit
          5 to the Registration Statement).

23.2      Consent of KPMG LLP (independent auditors).

24        Power of Attorney (included on signature page).


                                     II-8
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 17864}]
{"company-data": {"conformed-name": "NVR INC", "cik": "0000906163", "assigned-sic": "1531", "irs-number": "541394360", "state-of-incorporation": "VA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-79949", "film-number": "99640301"}, "business-address": {"street1": "7601 LEWISVILLE RD", "street2": "STE 300", "city": "MCLEAN", "state": "VA", "zip": "22102", "phone": "7037612000"}, "mail-address": {"street1": "7601 LEWINSVILLE RD", "city": "MCLEAN", "state": "VA", "zip": "22102"}}
As filed with the Securities and Exchange Commission on June 4, 1999
                                     Registration Statement No. 333-____________

--------------------------------------------------------------------------------

                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

                             --------------------

                                   FORM S-8
                          REGISTRATION STATEMENT UNDER
                          THE SECURITIES ACT OF 1933

                             --------------------

                                   NVR, INC.
            (Exact name of Registrant as specified in its Charter)

     Virginia                                                      54-1394360
(State or other jurisdiction of          (I.R.S. Employer Identification Number)
   incorporation or organization)
                             7601 Lewinsville Road
                            McLean, Virginia 22102
                                (703) 761-2000
           (Address of principal executive office, including zip code)

                           NVR, INC. 1998 DIRECTORS'
                                LONG-TERM STOCK
                                  OPTION PLAN
                           (Full title of the Plan)

                             --------------------

                                Dwight C. Schar
                             7601 Lewinsville Road
                            McLean, Virginia 22102
                                (703) 761-2000

(Name, address and telephone number, including area code, of agent for service)

                                 With copy to:

                        Christopher C. Giragosian, Esq.
                               Hunton & Williams
                              1751 Pinnacle Drive
                                  Suite 1700
                            McLean, Virginia 22102
                                (703) 714-7426

                             --------------------

                        CALCULATION OF REGISTRATION FEE
=================================================================================================================
                                                Proposed maximum         Proposed maximum
    Title of securities     Amount to be           offering price          aggregate                Amount of
     to be registered        registered            per share(1)           offering price(1)      registration fee
-----------------------------------------------------------------------------------------------------------------
Common Stock, par value   150,000 shares            $48.50(1)               $7,275,000               $2,022.45
$.01 per share
=================================================================================================================
(1) Estimated solely for the purpose of computing the registration fee.
This amount was calculated pursuant to Rule 457(c) under the Securities Act of
1933 on the basis of $48.50 per share, which was the average of the high and low
prices of the Common Stock on the American Stock Exchange on June 1, 1999.
PART I

             INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

Item 1.  Plan Information.

         Not required to be filed with the Securities and Exchange Commission
(the "Commission").

Item 2.  Registrant Information and Employee Plan Annual Information.

         Not required to be filed with the Commission.

                                    PART II

              INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

         The following documents filed by NVR, Inc. (the "Corporation") with the
Commission pursuant to the Securities and Exchange Act of 1934 (the "Exchange
Act") are incorporated herein by reference and made a part hereof: (i) the
Corporation's Annual Report on Form 10-K for the fiscal year ended December 31,
1998; (ii) the Corporation's Quarterly Report on Form 10-Q for the quarter ended
March 31, 1999.

         Additionally incorporated by reference in to this Registration
Statement is the description of the Corporation's Common Stock (the "Common
Stock") contained in a Registration Statement on Form S-1, Registration No.
33-69436, as amended, originally filed with the Commission on September 24,
1993, which is an exhibit to the Corporation's Registration Statement on Form
8-A filed with the Commission on September 27, 1993, including any amendment or
report filed for the purpose of updating such description.

         All documents filed by the Corporation pursuant to Section 13(a),
13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and prior to the filing of a post-effective amendment that
indicates that all securities registered hereunder have been issued or that
deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part hereof
from the date of filing of such documents. Any statement, including financial
statements contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement contained herein or in any other subsequently
filed document that is incorporated by reference herein modifies or supersedes
such earlier statement. Any such statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

Item 4.  Description of Securities.

         Not applicable.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

         Each director and officer of the Registrant is insured and indemnified
against liability incurred by him or her in his or her capacity as an officer
and/or director, pursuant to the following:

                                     II-2
(a)   Articles 8 and 9 of the Registrant's Articles of Incorporation,
entitled "Indemnification" and "Limitation of Liability of Officers and
Directors," respectively, which are set forth as Exhibit 3.7 to NVR, Inc.'s 1993
Registration Statement are incorporated herein by reference; and

         (b)   Sections 13.1-692.1, 13.1-697, 13.1-698, 13.1-702, 13.1-703 and
13.1-704 of the Virginia Stock Corporation Act, are hereby incorporated by
reference herein.

                                *     *      *

         Insofar as indemnification for liabilities arising under the Securities
Act of 1933, as amended (the "Securities Act"), may be permitted to directors,
officers, and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of
the Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.

Item 7.  Exemption from Registration Claimed.

         Not applicable.

Item 8.  Exhibits.

Exhibit No.
----------

3.1      Restated Articles of Incorporation of the Corporation incorporated
         herein by reference to Exhibit 3.7 in NVR, Inc.'s 1993 Registration
         Statement.

3.2      By-laws of the Corporation incorporated herein by reference to Exhibit
         3.8 in NVR, Inc.'s 1993 Registration Statement.

4        NVR, Inc. 1998 Directors' Long-Term Stock Option Plan.

5        Opinion of Hunton & Williams as to the legality of the securities being
         registered.

23.1     Consent of Hunton & Williams (included in the opinion filed as Exhibit
          5 to the Registration Statement).

23.2     Consent of KPMG LLP (independent auditors).

24       Power of Attorney (included on signature page).

Item 9.  Undertakings

         (a)      The undersigned registrant hereby undertakes:

                  1.       To file, during any period in which offers or sales
are made, a post-effective amendment to this registration statement;

                                     II-3
(i)      To include any prospectus required by
                                    Section 10(a)(3) of the Securities Act of
                                    1933, as amended (the "Securities Act");

                           (ii)     To reflect in the prospectus any facts or
                                    events arising after the effective date of
                                    the registration statement (or the most
                                    recent post-effective amendment thereof)
                                    which, individually or in the aggregate,
                                    represent a fundamental change in the
                                    information set forth in the registration
                                    statement. Notwithstanding the foregoing,
                                    any increase or decrease in volume of
                                    securities offered (if the total dollar
                                    value of securities offered would not exceed
                                    that which was registered) and any deviation
                                    from the low or high end of the estimated
                                    maximum offering range may be reflected in
                                    the form of prospectus filed with the
                                    Commission pursuant to Rule 424(b) if, in
                                    the aggregate, the changes in volume and
                                    price represent no more than 20 percent
                                    change in the maximum aggregate offering
                                    price set forth in the "Calculation of
                                    Registration Fee" table in the effective
                                    registration statement;

                           (iii)    To include any material information with
                                    respect to the plan of distribution not
                                    previously disclosed in the registration
                                    statement or any material change in such
                                    information in the registration statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
--------  -------
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed by the registrant pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by
reference in this Registration Statement.

             2. That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
                                                                           ----
fide offering thereof.
----

             3.  To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

         (b) The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange
Act of 1934 (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in this Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

         (c) The undertaking concerning indemnification is as set forth under
the response to Item 6.

                                     II-4
SIGNATURES

         Pursuant to the requirements of the Securities Act, the Corporation
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the County of Fairfax, Commonwealth of Virginia,
on this fourth day of June, 1999.

                                        NVR, INC.

                                        By: /s/ Dwight C. Schar
                                            -----------------------
                                            Dwight C. Schar
                                            Chairman of the Board,
                                            Chief Executive Officer
                                            and President

                               POWER OF ATTORNEY

         Pursuant to the requirements of the Securities Act, this registration
statement has been signed by the following persons in the capacities indicated
on this fourth day of June, 1999. Each person whose signature
appears below hereby authorizes either agent for service named in this
Registration Statement to execute in the name of each such person, and to file,
any amendment, including any post-effective amendment, to this Registration
Statement making such changes in this Registration Statement as the registrant
deems appropriate, and appoints such agent for service as attorney-in-fact to
sign on his behalf individually and in each capacity stated below and file all
amendments and post-effective amendments to this Registration Statement.

        Signature                                    Title
        ---------                                    -----
                                  Chairman of the Board of Directors, President,
By: /s/ Dwight C. Schar            and Chief Executive Officer
    -------------------------
        Dwight C. Schar

By: /s/ Paul C. Saville           Chief Financial Officer, Senior Vice
    -------------------------      President and Treasurer
        Paul C. Saville

By: /s/ Dennis M. Seremet         Vice President and Controller
    -------------------------
        Dennis M. Seremet

By: /s/ C. Scott Bartlett, Jr.    Director
    -------------------------
        C. Scott Bartlett, Jr.

By: /s/ Manuel H. Johnson         Director
    _________________________
        Manuel H. Johnson

By: /s/ William A. Moran          Director
    _________________________
        William A. Moran
                                     II-5
By: /s/ Richard H. Norair, Sr.    Director
    -------------------------
        Richard H. Norair, Sr.

By: /s/ David A. Preiser          Director
    -------------------------
        David A. Preiser

By: /s/ George E. Slye            Director
    -------------------------
        George E. Slye

By: /s/ John M. Toups             Director
    -------------------------
        John M. Toups
                                     II-6
SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

                             --------------------

                                   EXHIBITS

                                  filed with

                            REGISTRATION STATEMENT

                                      on

                                   FORM S-8

                                     UNDER

                          THE SECURITIES ACT OF 1933

                             --------------------

                                   NVR, INC.
                  1998 Directors' Long-Term Stock Option Plan
                           (full title of the plan)

----------------------------------------------------------------------------

                                     II-7
EXHIBIT INDEX
                            -------------

3.1       Restated Articles of Incorporation of the Corporation Incorporated
          herein by reference to Exhibit 3.7 in NVR, Inc.'s 1993 Registration
          Statement.

3.2       By-laws of the Corporation Incorporated herein by reference to Exhibit
          3.8 in NVR, Inc.'s 1993 Registration Statement.

4         NVR, Inc. 1998 Directors' Long-Term Stock Option Plan.

5         Opinion of Hunton & Williams.

23.1      Consent of Hunton & Williams (included in the opinion filed as Exhibit
          5 to the Registration Statement).

23.2      Consent of KPMG LLP (independent auditors).

24        Power of Attorney (included on signature page).

                                     II-8