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NVR Inc – ‘10-Q’ for 9/30/17 – ‘EX-101.LAB’

On:  Monday, 10/30/17, at 2:26pm ET   ·   For:  9/30/17   ·   Accession #:  906163-17-9   ·   File #:  1-12378

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  As Of               Filer                 Filing    For·On·As Docs:Size

10/30/17  NVR Inc                           10-Q        9/30/17   63:5.6M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    571K 
 2: EX-31.1     Certification -- §302 - SOA'02 -- exhibit31_1       HTML     27K 
 3: EX-31.2     Certification -- §302 - SOA'02 -- exhibit31_2       HTML     27K 
 4: EX-32       Certification -- §906 - SOA'02 -- exhibit32         HTML     22K 
11: R1          Document and Entity Information                     HTML     39K 
12: R2          Condensed Consolidated Balance Sheets               HTML    117K 
13: R3          Condensed Consolidated Balance Sheets               HTML     30K 
                (Parenthetical)                                                  
14: R4          Condensed Consolidated Statements of Income         HTML     66K 
15: R5          Condensed Consolidated Statements of Cash Flows     HTML     98K 
16: R6          Basis of Presentation                               HTML     31K 
17: R7          Variable Interest Entities                          HTML     44K 
18: R8          Joint Ventures                                      HTML     43K 
19: R9          Land Under Development                              HTML     23K 
20: R10         Capitalized Interest                                HTML     43K 
21: R11         Earnings per Share                                  HTML     44K 
22: R12         Shareholders' Equity                                HTML     77K 
23: R13         Product Warranties                                  HTML     40K 
24: R14         Segment Disclosures                                 HTML    156K 
25: R15         Fair Value                                          HTML     72K 
26: R16         Debt                                                HTML     27K 
27: R17         Commitments and Contingencies                       HTML     23K 
28: R18         Income Taxes                                        HTML     24K 
29: R19         Recent Accounting Pronouncements                    HTML     30K 
30: R20         Recent Accounting Pronouncements Recent Accounting  HTML     29K 
                Pronouncements (Policies)                                        
31: R21         Variable Interest Entities (Tables)                 HTML     39K 
32: R22         Joint Ventures (Tables)                             HTML     39K 
33: R23         Capitalized Interest (Tables)                       HTML     42K 
34: R24         Earnings per Share (Tables)                         HTML     47K 
35: R25         Shareholders' Equity (Tables)                       HTML     76K 
36: R26         Product Warranties (Tables)                         HTML     39K 
37: R27         Segment Disclosures (Tables)                        HTML    178K 
38: R28         Fair Value (Tables)                                 HTML     62K 
39: R29         Basis of Presentation - Additional Information      HTML     36K 
                (Detail)                                                         
40: R30         Variable Interest Entities - Additional             HTML     38K 
                Information (Detail)                                             
41: R31         Variable Interest Entities - Total Risk of Loss     HTML     32K 
                Related to Contract Land Deposits (Detail)                       
42: R32         Joint Ventures - Additional Information (Detail)    HTML     36K 
43: R33         Joint Ventures - Condensed Balance Sheets (Detail)  HTML     42K 
44: R34         Land Under Development - Additional Information     HTML     30K 
                (Detail)                                                         
45: R35         Capitalized Interest - Summary of Interest Costs    HTML     29K 
                Incurred, Capitalized, Expensed and Charged to                   
                Cost of Sales (Detail)                                           
46: R36         Earnings Per Share - Weighted Average Shares and    HTML     29K 
                Share Equivalents Used to Calculate Basic and                    
                Diluted Earnings Per Share (Detail)                              
47: R37         Earnings Per Share - Summary of Antidilutive        HTML     21K 
                Securities Excluded from Computation of Earnings                 
                Per Share (Detail)                                               
48: R38         Shareholders' Equity - Summary of Changes in        HTML     65K 
                Shareholders' Equity (Detail)                                    
49: R39         Shareholders' Equity - Additional Information       HTML     23K 
                (Detail)                                                         
50: R40         Product Warranties Product Warranties - Schedule    HTML     27K 
                of Product Warranties Reserves (Details)                         
51: R41         Segment Disclosures - Additional Information        HTML     30K 
                (Detail)                                                         
52: R42         Segment Disclosures - Revenues (Detail)             HTML     39K 
53: R43         Segment Disclosures - Profit before Taxes (Detail)  HTML     63K 
54: R44         Segment Disclosures - Assets (Detail)               HTML     58K 
55: R45         Segment Disclosures - Corporate Capital Allocation  HTML     33K 
                Charge (Detail)                                                  
56: R46         Fair Value - Additional Information (Detail)        HTML     56K 
57: R47         Fair Value - Undesignated Derivative Instruments    HTML     35K 
                (Detail)                                                         
58: R48         Fair Value - Fair Value Measurement (Detail)        HTML     43K 
59: R49         Debt - Additional Information (Detail)              HTML     55K 
60: R50         Income Taxes - Additional Information (Detail)      HTML     28K 
62: XML         IDEA XML File -- Filing Summary                      XML    109K 
61: EXCEL       IDEA Workbook of Financial Reports                  XLSX     59K 
 5: EX-101.INS  XBRL Instance -- nvr-20170930                        XML   1.52M 
 7: EX-101.CAL  XBRL Calculations -- nvr-20170930_cal                XML    168K 
 8: EX-101.DEF  XBRL Definitions -- nvr-20170930_def                 XML    471K 
 9: EX-101.LAB  XBRL Labels -- nvr-20170930_lab                      XML    975K 
10: EX-101.PRE  XBRL Presentations -- nvr-20170930_pre               XML    662K 
 6: EX-101.SCH  XBRL Schema -- nvr-20170930                          XSD    126K 
63: ZIP         XBRL Zipped Folder -- 0000906163-17-000009-xbrl      Zip    153K

‘EX-101.LAB’   —   XBRL Labels — nvr-20170930_lab

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<link:label id="lab_us-gaap_CommonStockSharesHeldInEmployeeTrustShares_BBCF2832394F68D2DC8CE2D5A74912C5_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesHeldInEmployeeTrustShares_BBCF2832394F68D2DC8CE2D5A74912C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred compensation trust, shares (per share) </link:label>
<link:label id="lab_us-gaap_CommonStockSharesHeldInEmployeeTrustShares_BBCF2832394F68D2DC8CE2D5A74912C5_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesHeldInEmployeeTrustShares_BBCF2832394F68D2DC8CE2D5A74912C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock, Shares Held in Employee Trust, Shares </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesHeldInEmployeeTrustShares" xlink:label="loc_us-gaap_CommonStockSharesHeldInEmployeeTrustShares_BBCF2832394F68D2DC8CE2D5A74912C5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockSharesHeldInEmployeeTrustShares_BBCF2832394F68D2DC8CE2D5A74912C5" xlink:to="lab_us-gaap_CommonStockSharesHeldInEmployeeTrustShares_BBCF2832394F68D2DC8CE2D5A74912C5" xlink:type="arc"/>
<link:label id="lab_us-gaap_TreasuryStockShares_A628A3D255C0758E24B7E2D5A749D410_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockShares_A628A3D255C0758E24B7E2D5A749D410" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Treasury stock, shares (per share) </link:label>
<link:label id="lab_us-gaap_TreasuryStockShares_A628A3D255C0758E24B7E2D5A749D410_label_en-US" xlink:label="lab_us-gaap_TreasuryStockShares_A628A3D255C0758E24B7E2D5A749D410" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Stock, Shares </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="loc_us-gaap_TreasuryStockShares_A628A3D255C0758E24B7E2D5A749D410" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockShares_A628A3D255C0758E24B7E2D5A749D410" xlink:to="lab_us-gaap_TreasuryStockShares_A628A3D255C0758E24B7E2D5A749D410" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueDisclosuresAbstract_E13E9F00B3F0134646410C88789E7EE3_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresAbstract_E13E9F00B3F0134646410C88789E7EE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Disclosures [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_E13E9F00B3F0134646410C88789E7EE3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_E13E9F00B3F0134646410C88789E7EE3" xlink:to="lab_us-gaap_FairValueDisclosuresAbstract_E13E9F00B3F0134646410C88789E7EE3" xlink:type="arc"/>
<link:label id="lab_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19_terseLabel_en-US" xlink:label="lab_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Undesignated Derivative Instruments </link:label>
<link:label id="lab_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19_label_en-US" xlink:label="lab_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule Of Undesignated Derivative Instruments In Statement Of Financial Position Fair Value [Table Text Block] </link:label>
<link:label id="lab_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19_documentation_en-US" xlink:label="lab_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of the location and fair value amounts of derivative instruments not designated as hedging instruments reported in the statement of financial position. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock" xlink:label="loc_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19" xlink:to="lab_nvr_ScheduleOfUndesignatedDerivativeInstrumentsInStatementOfFinancialPositionFairValueTableTextBlock_C7E273FB95312AEA87810C88789EEE19" xlink:type="arc"/>
<link:label id="lab_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F_terseLabel_en-US" xlink:label="lab_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement </link:label>
<link:label id="lab_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F_label_en-US" xlink:label="lab_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unrealized Gain Loss From Change In Fair Value Measurements Included In Earnings [Table Text Block] </link:label>
<link:label id="lab_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F_documentation_en-US" xlink:label="lab_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Unrealized gain (loss) from change in fair value measurements of derivatives not designated as hedging instruments included in earnings. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock" xlink:label="loc_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F" xlink:to="lab_nvr_UnrealizedGainLossFromChangeInFairValueMeasurementsIncludedInEarningsTableTextBlock_5B835822A54FB3C078060C88789ECA4F" xlink:type="arc"/>
<link:label id="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_1CD82981177AEB8133B44A2D808A2C96_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_1CD82981177AEB8133B44A2D808A2C96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of Revenue from Segments to Consolidated [Table] </link:label>
<link:label id="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_1CD82981177AEB8133B44A2D808A2C96_label_en-US" xlink:label="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_1CD82981177AEB8133B44A2D808A2C96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of Revenue from Segments to Consolidated [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable" xlink:label="loc_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_1CD82981177AEB8133B44A2D808A2C96" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_1CD82981177AEB8133B44A2D808A2C96" xlink:to="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_1CD82981177AEB8133B44A2D808A2C96" xlink:type="arc"/>
<link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_8BDEE416994F4BA09AB14A2D808BC0F9_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_8BDEE416994F4BA09AB14A2D808BC0F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segments </link:label>
<link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_8BDEE416994F4BA09AB14A2D808BC0F9_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_8BDEE416994F4BA09AB14A2D808BC0F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segments [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_8BDEE416994F4BA09AB14A2D808BC0F9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_8BDEE416994F4BA09AB14A2D808BC0F9" xlink:to="lab_us-gaap_StatementBusinessSegmentsAxis_8BDEE416994F4BA09AB14A2D808BC0F9" xlink:type="arc"/>
<link:label id="lab_us-gaap_SegmentDomain_C04C3B1E7C581AD2F5A54A2D808B91D0_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentDomain_C04C3B1E7C581AD2F5A54A2D808B91D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segments </link:label>
<link:label id="lab_us-gaap_SegmentDomain_C04C3B1E7C581AD2F5A54A2D808B91D0_label_en-US" xlink:label="lab_us-gaap_SegmentDomain_C04C3B1E7C581AD2F5A54A2D808B91D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segments [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentDomain" xlink:label="loc_us-gaap_SegmentDomain_C04C3B1E7C581AD2F5A54A2D808B91D0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentDomain_C04C3B1E7C581AD2F5A54A2D808B91D0" xlink:to="lab_us-gaap_SegmentDomain_C04C3B1E7C581AD2F5A54A2D808B91D0" xlink:type="arc"/>
<link:label id="lab_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38_terseLabel_en-US" xlink:label="lab_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Homebuilding [Member] </link:label>
<link:label id="lab_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38_label_en-US" xlink:label="lab_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Homebuilding [Member] </link:label>
<link:label id="lab_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38_documentation_en-US" xlink:label="lab_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Identifies the Homebuilding component of the NVR, Inc. entity, which is comprised of the Homebuilding Mid Atlantic, Homebuilding Mid East, Homebuilding North East and Homebuilding South East segments. The Homebuilding segment engages in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_HomebuildingMember" xlink:label="loc_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38" xlink:to="lab_nvr_HomebuildingMember_D4F4DDA3451DE6FE251E4A2D808BAB38" xlink:type="arc"/>
<link:label id="lab_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE_terseLabel_en-US" xlink:label="lab_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mortgage Banking [Member] </link:label>
<link:label id="lab_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE_label_en-US" xlink:label="lab_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mortgage Banking [Member] </link:label>
<link:label id="lab_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE_documentation_en-US" xlink:label="lab_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Identifies the Mortgage Banking component of the NVR, Inc. entity, that engages in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_MortgageBankingMember" xlink:label="loc_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE" xlink:to="lab_nvr_MortgageBankingMember_ABE017029988C32847F04A2D808BEEFE" xlink:type="arc"/>
<link:label id="lab_us-gaap_StatementGeographicalAxis_37712C4167C9F37E23104A2D808BF005_terseLabel_en-US" xlink:label="lab_us-gaap_StatementGeographicalAxis_37712C4167C9F37E23104A2D808BF005" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Geographical </link:label>
<link:label id="lab_us-gaap_StatementGeographicalAxis_37712C4167C9F37E23104A2D808BF005_label_en-US" xlink:label="lab_us-gaap_StatementGeographicalAxis_37712C4167C9F37E23104A2D808BF005" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Geographical [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="loc_us-gaap_StatementGeographicalAxis_37712C4167C9F37E23104A2D808BF005" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementGeographicalAxis_37712C4167C9F37E23104A2D808BF005" xlink:to="lab_us-gaap_StatementGeographicalAxis_37712C4167C9F37E23104A2D808BF005" xlink:type="arc"/>
<link:label id="lab_us-gaap_SegmentGeographicalDomain_6F30844C4CD394A299654A2D808B7299_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentGeographicalDomain_6F30844C4CD394A299654A2D808B7299" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Geographical </link:label>
<link:label id="lab_us-gaap_SegmentGeographicalDomain_6F30844C4CD394A299654A2D808B7299_label_en-US" xlink:label="lab_us-gaap_SegmentGeographicalDomain_6F30844C4CD394A299654A2D808B7299" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Geographical [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="loc_us-gaap_SegmentGeographicalDomain_6F30844C4CD394A299654A2D808B7299" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentGeographicalDomain_6F30844C4CD394A299654A2D808B7299" xlink:to="lab_us-gaap_SegmentGeographicalDomain_6F30844C4CD394A299654A2D808B7299" xlink:type="arc"/>
<link:label id="lab_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007_terseLabel_en-US" xlink:label="lab_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mid Atlantic [Member] </link:label>
<link:label id="lab_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007_label_en-US" xlink:label="lab_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mid Atlantic [Member] </link:label>
<link:label id="lab_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007_documentation_en-US" xlink:label="lab_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The Homebuilding reportable segment in the Mid Atlantic geographic area is comprised of operating divisions in Maryland, Virginia, West Virginia, Delaware and Washington, D.C. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_MidAtlanticMember" xlink:label="loc_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007" xlink:to="lab_nvr_MidAtlanticMember_F61D961C21BF6D8023B74A2D808BC007" xlink:type="arc"/>
<link:label id="lab_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F_terseLabel_en-US" xlink:label="lab_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> North East [Member] </link:label>
<link:label id="lab_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F_label_en-US" xlink:label="lab_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> North East [Member] </link:label>
<link:label id="lab_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F_documentation_en-US" xlink:label="lab_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The Homebuilding reportable segment in the North East geographic area is comprised of operating divisions in New Jersey and Eastern Pennsylvania. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_NorthEastMember" xlink:label="loc_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F" xlink:to="lab_nvr_NorthEastMember_FF1D25AC43CAA963DF9F4A2D808B083F" xlink:type="arc"/>
<link:label id="lab_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3_terseLabel_en-US" xlink:label="lab_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mid East [Member] </link:label>
<link:label id="lab_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3_label_en-US" xlink:label="lab_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mid East [Member] </link:label>
<link:label id="lab_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3_documentation_en-US" xlink:label="lab_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The Homebuilding reportable segment in the Mid East geographic area is comprised of operating divisions in New York, Ohio, Western Pennsylvania, Indiana and Illinois. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_MidEastMember" xlink:label="loc_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3" xlink:to="lab_nvr_MidEastMember_89CC77A3D248ED55DBC94A2D808B3FD3" xlink:type="arc"/>
<link:label id="lab_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E_terseLabel_en-US" xlink:label="lab_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> South East [Member] </link:label>
<link:label id="lab_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E_label_en-US" xlink:label="lab_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> South East [Member] </link:label>
<link:label id="lab_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E_documentation_en-US" xlink:label="lab_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The Homebuilding reportable segment in the South East geographic area is comprised of operating divisions in North Carolina, South Carolina, Florida and Tennessee. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_SouthEastMember" xlink:label="loc_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E" xlink:to="lab_nvr_SouthEastMember_E0EB1E8EE4C65FDE04CE4A2D808B583E" xlink:type="arc"/>
<link:label id="lab_us-gaap_SegmentReportingRevenueReconcilingItemLineItems_F8A61709C781E171828D4A2D808BA99B_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingRevenueReconcilingItemLineItems_F8A61709C781E171828D4A2D808BA99B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment Reporting, Revenue Reconciling Item [Line Items] </link:label>
<link:label id="lab_us-gaap_SegmentReportingRevenueReconcilingItemLineItems_F8A61709C781E171828D4A2D808BA99B_label_en-US" xlink:label="lab_us-gaap_SegmentReportingRevenueReconcilingItemLineItems_F8A61709C781E171828D4A2D808BA99B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segment Reporting, Revenue Reconciling Item [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingRevenueReconcilingItemLineItems" xlink:label="loc_us-gaap_SegmentReportingRevenueReconcilingItemLineItems_F8A61709C781E171828D4A2D808BA99B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SegmentReportingRevenueReconcilingItemLineItems_F8A61709C781E171828D4A2D808BA99B" xlink:to="lab_us-gaap_SegmentReportingRevenueReconcilingItemLineItems_F8A61709C781E171828D4A2D808BA99B" xlink:type="arc"/>
<link:label id="lab_us-gaap_HomeBuildingRevenue_56D320171FAA13EC4F084A2D808B64FB_terseLabel_en-US" xlink:label="lab_us-gaap_HomeBuildingRevenue_56D320171FAA13EC4F084A2D808B64FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenues </link:label>
<link:label id="lab_us-gaap_HomeBuildingRevenue_56D320171FAA13EC4F084A2D808B64FB_label_en-US" xlink:label="lab_us-gaap_HomeBuildingRevenue_56D320171FAA13EC4F084A2D808B64FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Home Building Revenue </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HomeBuildingRevenue" xlink:label="loc_us-gaap_HomeBuildingRevenue_56D320171FAA13EC4F084A2D808B64FB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HomeBuildingRevenue_56D320171FAA13EC4F084A2D808B64FB" xlink:to="lab_us-gaap_HomeBuildingRevenue_56D320171FAA13EC4F084A2D808B64FB" xlink:type="arc"/>
<link:label id="lab_us-gaap_FeesAndCommissionsMortgageBanking_CBC95E2F1FA61F8B3AA04A2D808B0C4E_verboseLabel_en-US" xlink:label="lab_us-gaap_FeesAndCommissionsMortgageBanking_CBC95E2F1FA61F8B3AA04A2D808B0C4E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Mortgage Banking </link:label>
<link:label id="lab_us-gaap_FeesAndCommissionsMortgageBanking_CBC95E2F1FA61F8B3AA04A2D808B0C4E_label_en-US" xlink:label="lab_us-gaap_FeesAndCommissionsMortgageBanking_CBC95E2F1FA61F8B3AA04A2D808B0C4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fees and Commissions, Mortgage Banking </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FeesAndCommissionsMortgageBanking" xlink:label="loc_us-gaap_FeesAndCommissionsMortgageBanking_CBC95E2F1FA61F8B3AA04A2D808B0C4E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FeesAndCommissionsMortgageBanking_CBC95E2F1FA61F8B3AA04A2D808B0C4E" xlink:to="lab_us-gaap_FeesAndCommissionsMortgageBanking_CBC95E2F1FA61F8B3AA04A2D808B0C4E" xlink:type="arc"/>
<link:label id="lab_us-gaap_Revenues_C99CAF4E02DB2784D21B4A2D808B067F_totalLabel_en-US" xlink:label="lab_us-gaap_Revenues_C99CAF4E02DB2784D21B4A2D808B067F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total consolidated revenues </link:label>
<link:label id="lab_us-gaap_Revenues_C99CAF4E02DB2784D21B4A2D808B067F_label_en-US" xlink:label="lab_us-gaap_Revenues_C99CAF4E02DB2784D21B4A2D808B067F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenues </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Revenues" xlink:label="loc_us-gaap_Revenues_C99CAF4E02DB2784D21B4A2D808B067F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Revenues_C99CAF4E02DB2784D21B4A2D808B067F" xlink:to="lab_us-gaap_Revenues_C99CAF4E02DB2784D21B4A2D808B067F" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAbstract_9FB0B5BC9BCA334544AA5A5F06DC23FE_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAbstract_9FB0B5BC9BCA334544AA5A5F06DC23FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAbstract" xlink:label="loc_us-gaap_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAbstract_9FB0B5BC9BCA334544AA5A5F06DC23FE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAbstract_9FB0B5BC9BCA334544AA5A5F06DC23FE" xlink:to="lab_us-gaap_VariableInterestEntityReportingEntityInvolvementMaximumLossExposureAbstract_9FB0B5BC9BCA334544AA5A5F06DC23FE" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_A508ACF744514DDDE0D85A5F06DCBD01_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_A508ACF744514DDDE0D85A5F06DCBD01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_A508ACF744514DDDE0D85A5F06DCBD01_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_A508ACF744514DDDE0D85A5F06DCBD01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_A508ACF744514DDDE0D85A5F06DCBD01" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_A508ACF744514DDDE0D85A5F06DCBD01" xlink:to="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_A508ACF744514DDDE0D85A5F06DCBD01" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_495DCD6E82EDCC6227485A5F06DCEF84_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_495DCD6E82EDCC6227485A5F06DCEF84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entities </link:label>
<link:label id="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_495DCD6E82EDCC6227485A5F06DCEF84_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_495DCD6E82EDCC6227485A5F06DCEF84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entities [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_495DCD6E82EDCC6227485A5F06DCEF84" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_495DCD6E82EDCC6227485A5F06DCEF84" xlink:to="lab_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_495DCD6E82EDCC6227485A5F06DCEF84" xlink:type="arc"/>
<link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_F0846558BD6E07DB07815A5F06DDB5B3_terseLabel_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_F0846558BD6E07DB07815A5F06DDB5B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Classification </link:label>
<link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_F0846558BD6E07DB07815A5F06DDB5B3_label_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_F0846558BD6E07DB07815A5F06DDB5B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Classification [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_F0846558BD6E07DB07815A5F06DDB5B3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_F0846558BD6E07DB07815A5F06DDB5B3" xlink:to="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_F0846558BD6E07DB07815A5F06DDB5B3" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_F88F5E73166D4FC973C45A5F06DDB733_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_F88F5E73166D4FC973C45A5F06DDB733" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entities [Member] </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_F88F5E73166D4FC973C45A5F06DDB733_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_F88F5E73166D4FC973C45A5F06DDB733" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Not Primary Beneficiary [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_F88F5E73166D4FC973C45A5F06DDB733" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_F88F5E73166D4FC973C45A5F06DDB733" xlink:to="lab_us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember_F88F5E73166D4FC973C45A5F06DDB733" xlink:type="arc"/>
<link:label id="lab_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C_terseLabel_en-US" xlink:label="lab_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contract on Raw Ground with Landowners [Member] </link:label>
<link:label id="lab_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C_label_en-US" xlink:label="lab_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Raw Ground Contracts Variable Interest Entity Not Primary Beneficiary [Member] </link:label>
<link:label id="lab_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C_documentation_en-US" xlink:label="lab_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Raw ground contracts variable interest entity not primary beneficiary. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember" xlink:label="loc_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C" xlink:to="lab_nvr_RawGroundContractsVariableInterestEntityNotPrimaryBeneficiaryMember_A1ECD696C8D122EE377C5A5F06DD877C" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityLineItems_BEF2CFD1BECD7A0318745A5F06DDBCFA_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_BEF2CFD1BECD7A0318745A5F06DDBCFA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity [Line Items] </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityLineItems_BEF2CFD1BECD7A0318745A5F06DDBCFA_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_BEF2CFD1BECD7A0318745A5F06DDBCFA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_BEF2CFD1BECD7A0318745A5F06DDBCFA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_BEF2CFD1BECD7A0318745A5F06DDBCFA" xlink:to="lab_us-gaap_VariableInterestEntityLineItems_BEF2CFD1BECD7A0318745A5F06DDBCFA" xlink:type="arc"/>
<link:label id="lab_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267_terseLabel_en-US" xlink:label="lab_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum range of deposits required under the purchase agreements </link:label>
<link:label id="lab_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267_label_en-US" xlink:label="lab_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Maximum Percentage Of Deposits Required Under Purchase Agreements </link:label>
<link:label id="lab_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267_documentation_en-US" xlink:label="lab_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Maximum percentage of deposits required under the purchase agreements. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements" xlink:label="loc_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267" xlink:to="lab_nvr_MaximumPercentageOfDepositsRequiredUnderPurchaseAgreements_145B56AE9FF2DEF30D655A5F06DDD267" xlink:type="arc"/>
<link:label id="lab_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC_terseLabel_en-US" xlink:label="lab_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Power of developers equity holders to direct operating activities of development entity </link:label>
<link:label id="lab_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC_label_en-US" xlink:label="lab_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Power Of Developers Equity Holders To Direct Operating Activities Of Development Entity </link:label>
<link:label id="lab_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC_documentation_en-US" xlink:label="lab_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Power of developer's equity holders to direct operating activities of the development entity. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity" xlink:label="loc_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC" xlink:to="lab_nvr_PowerOfDevelopersEquityHoldersToDirectOperatingActivitiesOfDevelopmentEntity_038D5B38D9154A0672BE5A5F06DE2FDC" xlink:type="arc"/>
<link:label id="lab_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71_terseLabel_en-US" xlink:label="lab_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lots controlled by NVR </link:label>
<link:label id="lab_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71_label_en-US" xlink:label="lab_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Lots Controlled By Company </link:label>
<link:label id="lab_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71_documentation_en-US" xlink:label="lab_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Lots controlled by NVR. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_LotsControlledByCompany" xlink:label="loc_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71" xlink:to="lab_nvr_LotsControlledByCompany_CFD378C4DCD44A02B9CF5A5F06DE0B71" xlink:type="arc"/>
<link:label id="lab_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB_terseLabel_en-US" xlink:label="lab_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contract land deposits in cash under lot purchase Agreements </link:label>
<link:label id="lab_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB_label_en-US" xlink:label="lab_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contract Land Deposits On Lot Purchase Agreements </link:label>
<link:label id="lab_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB_documentation_en-US" xlink:label="lab_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The gross amount as of the balance sheet date of deposits paid to secure the right to purchase finished lots under lot purchase agreements. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_ContractLandDepositsOnLotPurchaseAgreements" xlink:label="loc_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB" xlink:to="lab_nvr_ContractLandDepositsOnLotPurchaseAgreements_E38BC51733DB46D2FEF45A5F06DEC1EB" xlink:type="arc"/>
<link:label id="lab_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A_terseLabel_en-US" xlink:label="lab_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Letters of credit related to lots </link:label>
<link:label id="lab_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A_label_en-US" xlink:label="lab_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Letter Of Credit On Lot Purchase Agreements </link:label>
<link:label id="lab_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A_documentation_en-US" xlink:label="lab_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Letter of credit on lot purchase agreements. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_LetterOfCreditOnLotPurchaseAgreements" xlink:label="loc_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A" xlink:to="lab_nvr_LetterOfCreditOnLotPurchaseAgreements_B195AFE45EB3BF75A9095A5F06DE738A" xlink:type="arc"/>
<link:label id="lab_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6_terseLabel_en-US" xlink:label="lab_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contract land deposits in cash </link:label>
<link:label id="lab_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6_label_en-US" xlink:label="lab_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contract Land Deposits </link:label>
<link:label id="lab_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6_documentation_en-US" xlink:label="lab_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The gross amount as of the balance sheet date of deposits paid to secure the right to purchase finished lots. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_ContractLandDeposits" xlink:label="loc_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6" xlink:to="lab_nvr_ContractLandDeposits_5658CB1D28F996DAA8925A5F06DEE7B6" xlink:type="arc"/>
<link:label id="lab_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7_terseLabel_en-US" xlink:label="lab_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Letters of credit related to land contract </link:label>
<link:label id="lab_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7_label_en-US" xlink:label="lab_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Letters Of Credit On Raw Land Contracts </link:label>
<link:label id="lab_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7_documentation_en-US" xlink:label="lab_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Letters of credit issued for deposits on raw land contracts. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_LettersOfCreditOnRawLandContracts" xlink:label="loc_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7" xlink:to="lab_nvr_LettersOfCreditOnRawLandContracts_AF4780FA628CCE355E235A5F06DFE8D7" xlink:type="arc"/>
<link:label id="lab_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB_terseLabel_en-US" xlink:label="lab_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Refundable deposits and letters of credit </link:label>
<link:label id="lab_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB_label_en-US" xlink:label="lab_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Refundable Deposits </link:label>
<link:label id="lab_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB_documentation_en-US" xlink:label="lab_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Portion of deposits and letters of credit made on raw land contracts which may be refundable. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_RefundableDeposits" xlink:label="loc_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB" xlink:to="lab_nvr_RefundableDeposits_D76E1CBD8DC9304D17BF5A5F06DF21BB" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_F16CA9FA782C3C88E694D328109AFE25_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock_D283A0F10A71554AAA2855F007B6B093" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value </link:label>
<link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_F16CA9FA782C3C88E694D328109AFE25_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock_D283A0F10A71554AAA2855F007B6B093" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Disclosures [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_D283A0F10A71554AAA2855F007B6B093" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueDisclosuresTextBlock_D283A0F10A71554AAA2855F007B6B093" xlink:to="lab_us-gaap_FairValueDisclosuresTextBlock_D283A0F10A71554AAA2855F007B6B093" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_1AA0342F7C0AE3796690E7E514F63DB4_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_1AA0342F7C0AE3796690E7E514F63DB4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Measurements, Recurring and Nonrecurring [Table] </link:label>
<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_1AA0342F7C0AE3796690E7E514F63DB4_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_1AA0342F7C0AE3796690E7E514F63DB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurements, Recurring and Nonrecurring [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_1AA0342F7C0AE3796690E7E514F63DB4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_1AA0342F7C0AE3796690E7E514F63DB4" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_1AA0342F7C0AE3796690E7E514F63DB4" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D4DE68E297158D55DB9CE7E514F780FB_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D4DE68E297158D55DB9CE7E514F780FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Hierarchy </link:label>
<link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D4DE68E297158D55DB9CE7E514F780FB_label_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D4DE68E297158D55DB9CE7E514F780FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Hierarchy [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D4DE68E297158D55DB9CE7E514F780FB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_D4DE68E297158D55DB9CE7E514F780FB" xlink:to="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_D4DE68E297158D55DB9CE7E514F780FB" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_DF1C2A14CBEC1F9DA628E7E514F78589_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_DF1C2A14CBEC1F9DA628E7E514F78589" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Hierarchy </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_DF1C2A14CBEC1F9DA628E7E514F78589_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_DF1C2A14CBEC1F9DA628E7E514F78589" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Hierarchy [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_DF1C2A14CBEC1F9DA628E7E514F78589" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_DF1C2A14CBEC1F9DA628E7E514F78589" xlink:to="lab_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_DF1C2A14CBEC1F9DA628E7E514F78589" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueInputsLevel2Member_C3F26778561B165BC503E7E514F70682_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_C3F26778561B165BC503E7E514F70682" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 2 [Member] </link:label>
<link:label id="lab_us-gaap_FairValueInputsLevel2Member_C3F26778561B165BC503E7E514F70682_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_C3F26778561B165BC503E7E514F70682" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Inputs, Level 2 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_C3F26778561B165BC503E7E514F70682" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel2Member_C3F26778561B165BC503E7E514F70682" xlink:to="lab_us-gaap_FairValueInputsLevel2Member_C3F26778561B165BC503E7E514F70682" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueByMeasurementFrequencyAxis_D39368FFCDC7E1D51F9EE7E514F78B7D_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis_D39368FFCDC7E1D51F9EE7E514F78B7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Measurement Frequency </link:label>
<link:label id="lab_us-gaap_FairValueByMeasurementFrequencyAxis_D39368FFCDC7E1D51F9EE7E514F78B7D_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis_D39368FFCDC7E1D51F9EE7E514F78B7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Frequency [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_D39368FFCDC7E1D51F9EE7E514F78B7D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_D39368FFCDC7E1D51F9EE7E514F78B7D" xlink:to="lab_us-gaap_FairValueByMeasurementFrequencyAxis_D39368FFCDC7E1D51F9EE7E514F78B7D" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueMeasurementFrequencyDomain_0258CBF4809D8190625FE7E514F7EE1A_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain_0258CBF4809D8190625FE7E514F7EE1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement Frequency </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementFrequencyDomain_0258CBF4809D8190625FE7E514F7EE1A_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain_0258CBF4809D8190625FE7E514F7EE1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement Frequency [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_0258CBF4809D8190625FE7E514F7EE1A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_0258CBF4809D8190625FE7E514F7EE1A" xlink:to="lab_us-gaap_FairValueMeasurementFrequencyDomain_0258CBF4809D8190625FE7E514F7EE1A" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_94D685DFC94F92664DBEE7E514F73C8E_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember_94D685DFC94F92664DBEE7E514F73C8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurements, Recurring [Member] </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_94D685DFC94F92664DBEE7E514F73C8E_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember_94D685DFC94F92664DBEE7E514F73C8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurements, Recurring [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_94D685DFC94F92664DBEE7E514F73C8E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsRecurringMember_94D685DFC94F92664DBEE7E514F73C8E" xlink:to="lab_us-gaap_FairValueMeasurementsRecurringMember_94D685DFC94F92664DBEE7E514F73C8E" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancialInstrumentAxis_A958F8F6B63D0A8603CDE7E514F71818_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentAxis_A958F8F6B63D0A8603CDE7E514F71818" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Instrument </link:label>
<link:label id="lab_us-gaap_FinancialInstrumentAxis_A958F8F6B63D0A8603CDE7E514F71818_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentAxis_A958F8F6B63D0A8603CDE7E514F71818" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instrument [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="loc_us-gaap_FinancialInstrumentAxis_A958F8F6B63D0A8603CDE7E514F71818" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentAxis_A958F8F6B63D0A8603CDE7E514F71818" xlink:to="lab_us-gaap_FinancialInstrumentAxis_A958F8F6B63D0A8603CDE7E514F71818" xlink:type="arc"/>
<link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0A3C8FD8CB408BE2E2A3E7E514F717E1_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0A3C8FD8CB408BE2E2A3E7E514F717E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Instruments </link:label>
<link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0A3C8FD8CB408BE2E2A3E7E514F717E1_label_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0A3C8FD8CB408BE2E2A3E7E514F717E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instruments [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0A3C8FD8CB408BE2E2A3E7E514F717E1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0A3C8FD8CB408BE2E2A3E7E514F717E1" xlink:to="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_0A3C8FD8CB408BE2E2A3E7E514F717E1" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestRateLockCommitmentsMember_FB2CC3EB20E39D015027E7E514F701F4_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateLockCommitmentsMember_FB2CC3EB20E39D015027E7E514F701F4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Rate Lock Commitments [Member] </link:label>
<link:label id="lab_us-gaap_InterestRateLockCommitmentsMember_FB2CC3EB20E39D015027E7E514F701F4_label_en-US" xlink:label="lab_us-gaap_InterestRateLockCommitmentsMember_FB2CC3EB20E39D015027E7E514F701F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Rate Lock Commitments [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestRateLockCommitmentsMember" xlink:label="loc_us-gaap_InterestRateLockCommitmentsMember_FB2CC3EB20E39D015027E7E514F701F4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateLockCommitmentsMember_FB2CC3EB20E39D015027E7E514F701F4" xlink:to="lab_us-gaap_InterestRateLockCommitmentsMember_FB2CC3EB20E39D015027E7E514F701F4" xlink:type="arc"/>
<link:label id="lab_us-gaap_ForwardContractsMember_88884B481718B5D82073E7E514F73981_terseLabel_en-US" xlink:label="lab_us-gaap_ForwardContractsMember_88884B481718B5D82073E7E514F73981" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Forward Sales Contracts [Member] </link:label>
<link:label id="lab_us-gaap_ForwardContractsMember_88884B481718B5D82073E7E514F73981_label_en-US" xlink:label="lab_us-gaap_ForwardContractsMember_88884B481718B5D82073E7E514F73981" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Forward Contracts [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ForwardContractsMember" xlink:label="loc_us-gaap_ForwardContractsMember_88884B481718B5D82073E7E514F73981" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForwardContractsMember_88884B481718B5D82073E7E514F73981" xlink:to="lab_us-gaap_ForwardContractsMember_88884B481718B5D82073E7E514F73981" xlink:type="arc"/>
<link:label id="lab_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683_terseLabel_en-US" xlink:label="lab_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mortgages Held for Sale [Member] </link:label>
<link:label id="lab_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683_label_en-US" xlink:label="lab_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mortgages Held For Sale [Member] </link:label>
<link:label id="lab_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683_documentation_en-US" xlink:label="lab_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Mortgages held for sale. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_MortgagesHeldForSaleMember" xlink:label="loc_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683" xlink:to="lab_nvr_MortgagesHeldForSaleMember_ABE34276F5F5186A449BE7E514F7D683" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D6574021B5A4EE5E6FCAE7E514F7DED1_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D6574021B5A4EE5E6FCAE7E514F7DED1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </link:label>
<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D6574021B5A4EE5E6FCAE7E514F7DED1_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D6574021B5A4EE5E6FCAE7E514F7DED1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D6574021B5A4EE5E6FCAE7E514F7DED1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D6574021B5A4EE5E6FCAE7E514F7DED1" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_D6574021B5A4EE5E6FCAE7E514F7DED1" xlink:type="arc"/>
<link:label id="lab_invest_DerivativeNotionalAmount_A53348EDE22272AFD8F3E7E514F781CB_verboseLabel_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_A53348EDE22272AFD8F3E7E514F781CB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Notional or Principal Amount </link:label>
<link:label id="lab_invest_DerivativeNotionalAmount_A53348EDE22272AFD8F3E7E514F781CB_label_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_A53348EDE22272AFD8F3E7E514F781CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Notional Amount </link:label>
<link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="loc_invest_DerivativeNotionalAmount_A53348EDE22272AFD8F3E7E514F781CB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_DerivativeNotionalAmount_A53348EDE22272AFD8F3E7E514F781CB" xlink:to="lab_invest_DerivativeNotionalAmount_A53348EDE22272AFD8F3E7E514F781CB" xlink:type="arc"/>
<link:label id="lab_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E_terseLabel_en-US" xlink:label="lab_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assumed Gain/(Loss) From Loan Sale </link:label>
<link:label id="lab_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E_label_en-US" xlink:label="lab_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement Assumed Gain Loss From Loan Sale </link:label>
<link:label id="lab_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E_documentation_en-US" xlink:label="lab_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair value measurement assumed gain (loss) from loan sale. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_FairValueMeasurementAssumedGainLossFromLoanSale" xlink:label="loc_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E" xlink:to="lab_nvr_FairValueMeasurementAssumedGainLossFromLoanSale_C6917E851920BE6BEC48E7E514F79E8E" xlink:type="arc"/>
<link:label id="lab_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185_terseLabel_en-US" xlink:label="lab_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest Rate Movement Effect </link:label>
<link:label id="lab_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185_label_en-US" xlink:label="lab_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurements Interest Rate Movement Effect </link:label>
<link:label id="lab_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185_documentation_en-US" xlink:label="lab_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest rate movement effect on fair value measurement. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_FairValueMeasurementsInterestRateMovementEffect" xlink:label="loc_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185" xlink:to="lab_nvr_FairValueMeasurementsInterestRateMovementEffect_11F6B363C85EBBEF26FDE7E514F76185" xlink:type="arc"/>
<link:label id="lab_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE_terseLabel_en-US" xlink:label="lab_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Servicing Rights Value </link:label>
<link:label id="lab_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE_label_en-US" xlink:label="lab_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurements Changes In Servicing Rights Value </link:label>
<link:label id="lab_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE_documentation_en-US" xlink:label="lab_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair value measurement changes attributable to servicing rights value changes. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_FairValueMeasurementsChangesInServicingRightsValue" xlink:label="loc_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE" xlink:to="lab_nvr_FairValueMeasurementsChangesInServicingRightsValue_6C964786673BA987247DE7E514F76BFE" xlink:type="arc"/>
<link:label id="lab_nvr_FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings_4F2E2CF9007420F63E0AE7E514F7BD61_terseLabel_en-US" xlink:label="lab_nvr_FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings_4F2E2CF9007420F63E0AE7E514F7BD61" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Security Price Change </link:label>
<link:label id="lab_nvr_FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings_4F2E2CF9007420F63E0AE7E514F7BD61_label_en-US" xlink:label="lab_nvr_FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings_4F2E2CF9007420F63E0AE7E514F7BD61" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurements Security Price Change Gain Loss Included In Earnings </link:label>
<link:label id="lab_nvr_FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings_4F2E2CF9007420F63E0AE7E514F7BD61_documentation_en-US" xlink:label="lab_nvr_FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings_4F2E2CF9007420F63E0AE7E514F7BD61" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Security price change effect on fair value measurement. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings" xlink:label="loc_nvr_FairValueMeasurementsSecurityPriceChangeGainLossIncludedInEarnings_4F2E2CF9007420F63E0AE7E514F7BD61" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_ADCC5BE27D512E4B04E9E7E514F70E78_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_ADCC5BE27D512E4B04E9E7E514F70E78" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total Fair Value Measurement Gain/(Loss) </link:label>
<link:label id="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_ADCC5BE27D512E4B04E9E7E514F70E78_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_ADCC5BE27D512E4B04E9E7E514F70E78" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_ADCC5BE27D512E4B04E9E7E514F70E78" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_ADCC5BE27D512E4B04E9E7E514F70E78" xlink:to="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_ADCC5BE27D512E4B04E9E7E514F70E78" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProductWarrantiesDisclosuresAbstract_DAC29990E712E13E7690D32810F8579D_label_en-US" xlink:label="lab_us-gaap_ProductWarrantiesDisclosuresAbstract_A4FFB905B9745A0897D2DD3EA0E7D692" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Product Warranties Disclosures [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProductWarrantiesDisclosuresAbstract" xlink:label="loc_us-gaap_ProductWarrantiesDisclosuresAbstract_A4FFB905B9745A0897D2DD3EA0E7D692" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProductWarrantiesDisclosuresAbstract_A4FFB905B9745A0897D2DD3EA0E7D692" xlink:to="lab_us-gaap_ProductWarrantiesDisclosuresAbstract_A4FFB905B9745A0897D2DD3EA0E7D692" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProductWarrantyDisclosureTextBlock_EE2769E7B38E7405F7AED32810F82F9E_terseLabel_en-US" xlink:label="lab_us-gaap_ProductWarrantyDisclosureTextBlock_D70555EC30A15CB1B43D68C22A5483F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Product Warranties </link:label>
<link:label id="lab_us-gaap_ProductWarrantyDisclosureTextBlock_EE2769E7B38E7405F7AED32810F82F9E_label_en-US" xlink:label="lab_us-gaap_ProductWarrantyDisclosureTextBlock_D70555EC30A15CB1B43D68C22A5483F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Product Warranty Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProductWarrantyDisclosureTextBlock" xlink:label="loc_us-gaap_ProductWarrantyDisclosureTextBlock_D70555EC30A15CB1B43D68C22A5483F6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProductWarrantyDisclosureTextBlock_D70555EC30A15CB1B43D68C22A5483F6" xlink:to="lab_us-gaap_ProductWarrantyDisclosureTextBlock_D70555EC30A15CB1B43D68C22A5483F6" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtDisclosureAbstract_5DA67F859748C6A22B0DD3281107333D_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract_C878FF5124F65F5494024D422EEEE422" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_C878FF5124F65F5494024D422EEEE422" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureAbstract_C878FF5124F65F5494024D422EEEE422" xlink:to="lab_us-gaap_DebtDisclosureAbstract_C878FF5124F65F5494024D422EEEE422" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentTable_B012CB039E0BE80B3557D32811075F9B_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable_1E7734A1A92C5C6388A7094FFB64F33E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Long-term Debt Instruments [Table] </link:label>
<link:label id="lab_us-gaap_DebtInstrumentTable_B012CB039E0BE80B3557D32811075F9B_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentTable_1E7734A1A92C5C6388A7094FFB64F33E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Long-term Debt Instruments [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="loc_us-gaap_DebtInstrumentTable_1E7734A1A92C5C6388A7094FFB64F33E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentTable_1E7734A1A92C5C6388A7094FFB64F33E" xlink:to="lab_us-gaap_DebtInstrumentTable_1E7734A1A92C5C6388A7094FFB64F33E" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentAxis_70AA3787275073C123BED32811075D9D_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis_B3414C19A9FD51EFADD507C87C91CF8B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Instrument </link:label>
<link:label id="lab_us-gaap_DebtInstrumentAxis_70AA3787275073C123BED32811075D9D_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentAxis_B3414C19A9FD51EFADD507C87C91CF8B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="loc_us-gaap_DebtInstrumentAxis_B3414C19A9FD51EFADD507C87C91CF8B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentAxis_B3414C19A9FD51EFADD507C87C91CF8B" xlink:to="lab_us-gaap_DebtInstrumentAxis_B3414C19A9FD51EFADD507C87C91CF8B" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentNameDomain_0C78879FDA058A322CD2D3281107DC7F_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain_0FBB9C3C6EAD58B79326385A94DEEFAF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Name </link:label>
<link:label id="lab_us-gaap_DebtInstrumentNameDomain_0C78879FDA058A322CD2D3281107DC7F_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentNameDomain_0FBB9C3C6EAD58B79326385A94DEEFAF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Name [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_0FBB9C3C6EAD58B79326385A94DEEFAF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_0FBB9C3C6EAD58B79326385A94DEEFAF" xlink:to="lab_us-gaap_DebtInstrumentNameDomain_0FBB9C3C6EAD58B79326385A94DEEFAF" xlink:type="arc"/>
<link:label id="lab_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_99F50CF3770996644CB7D32811070565_terseLabel_en-US" xlink:label="lab_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_AB5F84ECBC975698ADAE7810BEF039B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senior Notes due 2022 [Member] </link:label>
<link:label id="lab_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_99F50CF3770996644CB7D32811070565_label_en-US" xlink:label="lab_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_AB5F84ECBC975698ADAE7810BEF039B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Senior Notes Due Two Thousand Twenty Two [Member] </link:label>
<link:label id="lab_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_99F50CF3770996644CB7D32811070565_documentation_en-US" xlink:label="lab_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_AB5F84ECBC975698ADAE7810BEF039B4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Senior notes due two thousand twenty two. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_SeniorNotesDueTwoThousandTwentyTwoMember" xlink:label="loc_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_AB5F84ECBC975698ADAE7810BEF039B4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_AB5F84ECBC975698ADAE7810BEF039B4" xlink:to="lab_nvr_SeniorNotesDueTwoThousandTwentyTwoMember_AB5F84ECBC975698ADAE7810BEF039B4" xlink:type="arc"/>
<link:label id="lab_nvr_CreditAgreementMember_926BDA5EEE4D0CBBDB79D3281107ECBD_terseLabel_en-US" xlink:label="lab_nvr_CreditAgreementMember_441090A5C21350E6A8E8C272AB94A712" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Agreement [Member] </link:label>
<link:label id="lab_nvr_CreditAgreementMember_926BDA5EEE4D0CBBDB79D3281107ECBD_label_en-US" xlink:label="lab_nvr_CreditAgreementMember_441090A5C21350E6A8E8C272AB94A712" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Agreement [Member] </link:label>
<link:label id="lab_nvr_CreditAgreementMember_926BDA5EEE4D0CBBDB79D3281107ECBD_documentation_en-US" xlink:label="lab_nvr_CreditAgreementMember_441090A5C21350E6A8E8C272AB94A712" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Arrangement in which aggregate revolving loan commitments can be obtained by NVR for use in working capital and general corporate purposes. The total amount borrowed cannot exceed a specified maximum amount, which is also subject to certain sublimit. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_CreditAgreementMember" xlink:label="loc_nvr_CreditAgreementMember_441090A5C21350E6A8E8C272AB94A712" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_CreditAgreementMember_441090A5C21350E6A8E8C272AB94A712" xlink:to="lab_nvr_CreditAgreementMember_441090A5C21350E6A8E8C272AB94A712" xlink:type="arc"/>
<link:label id="lab_nvr_RepurchaseAgreementMember_5ABE29A9BE25311D6443D328110723FD_terseLabel_en-US" xlink:label="lab_nvr_RepurchaseAgreementMember_0696095258C559679553F3906A8C2E7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Repurchase Agreement [Member] </link:label>
<link:label id="lab_nvr_RepurchaseAgreementMember_5ABE29A9BE25311D6443D328110723FD_label_en-US" xlink:label="lab_nvr_RepurchaseAgreementMember_0696095258C559679553F3906A8C2E7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Repurchase Agreement [Member] </link:label>
<link:label id="lab_nvr_RepurchaseAgreementMember_5ABE29A9BE25311D6443D328110723FD_documentation_en-US" xlink:label="lab_nvr_RepurchaseAgreementMember_0696095258C559679553F3906A8C2E7D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> A revolving line of credit facility used by NVR Mortgage to finance the purchase of loans. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_RepurchaseAgreementMember" xlink:label="loc_nvr_RepurchaseAgreementMember_0696095258C559679553F3906A8C2E7D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_RepurchaseAgreementMember_0696095258C559679553F3906A8C2E7D" xlink:to="lab_nvr_RepurchaseAgreementMember_0696095258C559679553F3906A8C2E7D" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditFacilityAxis_6FF8B6E68137F1C751B6D3281107C0AB_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_B385F0AAB5555264BDBA802B677B637B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Facility </link:label>
<link:label id="lab_us-gaap_CreditFacilityAxis_6FF8B6E68137F1C751B6D3281107C0AB_label_en-US" xlink:label="lab_us-gaap_CreditFacilityAxis_B385F0AAB5555264BDBA802B677B637B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Facility [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="loc_us-gaap_CreditFacilityAxis_B385F0AAB5555264BDBA802B677B637B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityAxis_B385F0AAB5555264BDBA802B677B637B" xlink:to="lab_us-gaap_CreditFacilityAxis_B385F0AAB5555264BDBA802B677B637B" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditFacilityDomain_2B1E5CD2340701434FFED328110752FA_terseLabel_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_EEDE8113CF9C5A18AC28784984130B5D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Facility </link:label>
<link:label id="lab_us-gaap_CreditFacilityDomain_2B1E5CD2340701434FFED328110752FA_label_en-US" xlink:label="lab_us-gaap_CreditFacilityDomain_EEDE8113CF9C5A18AC28784984130B5D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Facility [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="loc_us-gaap_CreditFacilityDomain_EEDE8113CF9C5A18AC28784984130B5D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditFacilityDomain_EEDE8113CF9C5A18AC28784984130B5D" xlink:to="lab_us-gaap_CreditFacilityDomain_EEDE8113CF9C5A18AC28784984130B5D" xlink:type="arc"/>
<link:label id="lab_us-gaap_RevolvingCreditFacilityMember_F873CC812B58A8BB7705D3281107ABF0_terseLabel_en-US" xlink:label="lab_us-gaap_RevolvingCreditFacilityMember_16E00CDD26815E85B5D08E999F1837D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revolving Credit Facility [Member] </link:label>
<link:label id="lab_us-gaap_RevolvingCreditFacilityMember_F873CC812B58A8BB7705D3281107ABF0_label_en-US" xlink:label="lab_us-gaap_RevolvingCreditFacilityMember_16E00CDD26815E85B5D08E999F1837D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revolving Credit Facility [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="loc_us-gaap_RevolvingCreditFacilityMember_16E00CDD26815E85B5D08E999F1837D0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RevolvingCreditFacilityMember_16E00CDD26815E85B5D08E999F1837D0" xlink:to="lab_us-gaap_RevolvingCreditFacilityMember_16E00CDD26815E85B5D08E999F1837D0" xlink:type="arc"/>
<link:label id="lab_us-gaap_LongtermDebtTypeAxis_56DC29D1D3A60A508B39D3281107681B_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis_600C21DE99C0517C86255B790E3B2D82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Type </link:label>
<link:label id="lab_us-gaap_LongtermDebtTypeAxis_56DC29D1D3A60A508B39D3281107681B_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeAxis_600C21DE99C0517C86255B790E3B2D82" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_600C21DE99C0517C86255B790E3B2D82" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LongtermDebtTypeDomain_4962D100B118BF540FBDD3281107A5FC_terseLabel_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_BCC509C5322355CDA9B83215911EEBEA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Type </link:label>
<link:label id="lab_us-gaap_LongtermDebtTypeDomain_4962D100B118BF540FBDD3281107A5FC_label_en-US" xlink:label="lab_us-gaap_LongtermDebtTypeDomain_BCC509C5322355CDA9B83215911EEBEA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Type [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_BCC509C5322355CDA9B83215911EEBEA" xlink:type="locator"/>
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<link:label id="lab_nvr_SublimitForIssuanceOfLettersOfCreditMember_A0E36B0EDF7B64C624ACD32811070D7E_terseLabel_en-US" xlink:label="lab_nvr_SublimitForIssuanceOfLettersOfCreditMember_378B4A1BD1445D0A83C9500CB0E3A546" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sublimit for Issuance of Letters of Credit [Member] </link:label>
<link:label id="lab_nvr_SublimitForIssuanceOfLettersOfCreditMember_A0E36B0EDF7B64C624ACD32811070D7E_label_en-US" xlink:label="lab_nvr_SublimitForIssuanceOfLettersOfCreditMember_378B4A1BD1445D0A83C9500CB0E3A546" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sublimit For Issuance Of Letters Of Credit [Member] </link:label>
<link:label id="lab_nvr_SublimitForIssuanceOfLettersOfCreditMember_A0E36B0EDF7B64C624ACD32811070D7E_documentation_en-US" xlink:label="lab_nvr_SublimitForIssuanceOfLettersOfCreditMember_378B4A1BD1445D0A83C9500CB0E3A546" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sublimit for issuance of letters of credit. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_SublimitForIssuanceOfLettersOfCreditMember" xlink:label="loc_nvr_SublimitForIssuanceOfLettersOfCreditMember_378B4A1BD1445D0A83C9500CB0E3A546" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_SublimitForIssuanceOfLettersOfCreditMember_378B4A1BD1445D0A83C9500CB0E3A546" xlink:to="lab_nvr_SublimitForIssuanceOfLettersOfCreditMember_378B4A1BD1445D0A83C9500CB0E3A546" xlink:type="arc"/>
<link:label id="lab_nvr_SublimitForSwingLineCommitmentMember_259C0604DD516B2691ACD32811077D2A_terseLabel_en-US" xlink:label="lab_nvr_SublimitForSwingLineCommitmentMember_BF597DB2EEDF566381D05FE10DC1225B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sublimit for Swing Line Commitment [Member] </link:label>
<link:label id="lab_nvr_SublimitForSwingLineCommitmentMember_259C0604DD516B2691ACD32811077D2A_label_en-US" xlink:label="lab_nvr_SublimitForSwingLineCommitmentMember_BF597DB2EEDF566381D05FE10DC1225B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Sublimit For Swing Line Commitment [Member] </link:label>
<link:label id="lab_nvr_SublimitForSwingLineCommitmentMember_259C0604DD516B2691ACD32811077D2A_documentation_en-US" xlink:label="lab_nvr_SublimitForSwingLineCommitmentMember_BF597DB2EEDF566381D05FE10DC1225B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Sublimit for swing line commitment. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_SublimitForSwingLineCommitmentMember" xlink:label="loc_nvr_SublimitForSwingLineCommitmentMember_BF597DB2EEDF566381D05FE10DC1225B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_SublimitForSwingLineCommitmentMember_BF597DB2EEDF566381D05FE10DC1225B" xlink:to="lab_nvr_SublimitForSwingLineCommitmentMember_BF597DB2EEDF566381D05FE10DC1225B" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentLineItems_4B936491C859FED3BE6ED328110718B5_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_40F5ACD120895755A064A09F57743855" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Instrument [Line Items] </link:label>
<link:label id="lab_us-gaap_DebtInstrumentLineItems_4B936491C859FED3BE6ED328110718B5_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_40F5ACD120895755A064A09F57743855" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="loc_us-gaap_DebtInstrumentLineItems_40F5ACD120895755A064A09F57743855" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentLineItems_40F5ACD120895755A064A09F57743855" xlink:to="lab_us-gaap_DebtInstrumentLineItems_40F5ACD120895755A064A09F57743855" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentFaceAmount_208AEE25FAE022FFF325D32811073128_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_6EB113604E6F5408914703BF345CD564" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senior notes principal amount </link:label>
<link:label id="lab_us-gaap_DebtInstrumentFaceAmount_208AEE25FAE022FFF325D32811073128_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_6EB113604E6F5408914703BF345CD564" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Face Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_6EB113604E6F5408914703BF345CD564" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFaceAmount_6EB113604E6F5408914703BF345CD564" xlink:to="lab_us-gaap_DebtInstrumentFaceAmount_6EB113604E6F5408914703BF345CD564" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentMaturityDate_781A946A694D4D8BA303D32811077EA2_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_8B3EEF3578E25B12BFB13117E4E7199D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senior notes maturity date </link:label>
<link:label id="lab_us-gaap_DebtInstrumentMaturityDate_781A946A694D4D8BA303D32811077EA2_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_8B3EEF3578E25B12BFB13117E4E7199D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Maturity Date </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="loc_us-gaap_DebtInstrumentMaturityDate_8B3EEF3578E25B12BFB13117E4E7199D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentMaturityDate_8B3EEF3578E25B12BFB13117E4E7199D" xlink:to="lab_us-gaap_DebtInstrumentMaturityDate_8B3EEF3578E25B12BFB13117E4E7199D" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_36286DF56B6307C96AFDD32811078BF8_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_EFEBD38C6D2B50D08FF028CA3208D844" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senior notes interest rate </link:label>
<link:label id="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_36286DF56B6307C96AFDD32811078BF8_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_EFEBD38C6D2B50D08FF028CA3208D844" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Interest Rate, Stated Percentage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_EFEBD38C6D2B50D08FF028CA3208D844" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_EFEBD38C6D2B50D08FF028CA3208D844" xlink:to="lab_us-gaap_DebtInstrumentInterestRateStatedPercentage_EFEBD38C6D2B50D08FF028CA3208D844" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_7105268BAB563FE9B47BD32811071281_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_C05540F021C157F289D88C9CFCF6C177" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Frequency of senior notes payment </link:label>
<link:label id="lab_us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_7105268BAB563FE9B47BD32811071281_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_C05540F021C157F289D88C9CFCF6C177" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Frequency of Periodic Payment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFrequencyOfPeriodicPayment" xlink:label="loc_us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_C05540F021C157F289D88C9CFCF6C177" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_C05540F021C157F289D88C9CFCF6C177" xlink:to="lab_us-gaap_DebtInstrumentFrequencyOfPeriodicPayment_C05540F021C157F289D88C9CFCF6C177" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_8235BC929825B02ADAC3D3281107BA31_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_730A4294A1BF55E1994AF3B93D282B5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senior notes effective interest rate </link:label>
<link:label id="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_8235BC929825B02ADAC3D3281107BA31_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_730A4294A1BF55E1994AF3B93D282B5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Interest Rate, Effective Percentage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_730A4294A1BF55E1994AF3B93D282B5E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentInterestRateEffectivePercentage_730A4294A1BF55E1994AF3B93D282B5E" xlink:to="lab_us-gaap_DebtInstrumentInterestRateEffectivePercentage_730A4294A1BF55E1994AF3B93D282B5E" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_A32CFF3C67B81B80CE7BD32811075492_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1AFFD70402415D538DF1E09F2D1E9AE0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum loan borrowing capacity </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_A32CFF3C67B81B80CE7BD32811075492_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1AFFD70402415D538DF1E09F2D1E9AE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Maximum Borrowing Capacity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1AFFD70402415D538DF1E09F2D1E9AE0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1AFFD70402415D538DF1E09F2D1E9AE0" xlink:to="lab_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_1AFFD70402415D538DF1E09F2D1E9AE0" xlink:type="arc"/>
<link:label id="lab_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_A8D80D4EABE62815C9CDD328110743F6_terseLabel_en-US" xlink:label="lab_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_4DF76B9B8D2052B2BAADB4DFB5DC6D99" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase in commitment available </link:label>
<link:label id="lab_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_A8D80D4EABE62815C9CDD328110743F6_label_en-US" xlink:label="lab_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_4DF76B9B8D2052B2BAADB4DFB5DC6D99" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line Of Credit Maximum Incremental Commitment Amount </link:label>
<link:label id="lab_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_A8D80D4EABE62815C9CDD328110743F6_documentation_en-US" xlink:label="lab_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_4DF76B9B8D2052B2BAADB4DFB5DC6D99" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The Maximum Incremental Commitment amount is the sum of all incremental commitments under the repurchase facility. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_LineOfCreditMaximumIncrementalCommitmentAmount" xlink:label="loc_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_4DF76B9B8D2052B2BAADB4DFB5DC6D99" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_4DF76B9B8D2052B2BAADB4DFB5DC6D99" xlink:to="lab_nvr_LineOfCreditMaximumIncrementalCommitmentAmount_4DF76B9B8D2052B2BAADB4DFB5DC6D99" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_E2C22C4DBBFEB9EAA678D3281107EE98_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_E792F4C1D76B5837ACF7071D2B287837" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Letters of credit outstanding </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_E2C22C4DBBFEB9EAA678D3281107EE98_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_E792F4C1D76B5837ACF7071D2B287837" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Fair Value of Amount Outstanding </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding" xlink:label="loc_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_E792F4C1D76B5837ACF7071D2B287837" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_E792F4C1D76B5837ACF7071D2B287837" xlink:to="lab_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_E792F4C1D76B5837ACF7071D2B287837" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityExpirationDate1_5C8E68A4C994378C0F1AD3281107D6D6_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityExpirationDate1_B4D40CB17EAF525C8DAC411C5F5A35B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expiration date </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityExpirationDate1_5C8E68A4C994378C0F1AD3281107D6D6_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityExpirationDate1_B4D40CB17EAF525C8DAC411C5F5A35B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Expiration Date </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationDate1" xlink:label="loc_us-gaap_LineOfCreditFacilityExpirationDate1_B4D40CB17EAF525C8DAC411C5F5A35B5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityExpirationDate1_B4D40CB17EAF525C8DAC411C5F5A35B5" xlink:to="lab_us-gaap_LineOfCreditFacilityExpirationDate1_B4D40CB17EAF525C8DAC411C5F5A35B5" xlink:type="arc"/>
<link:label id="lab_us-gaap_WarehouseAgreementBorrowings_57F214A4F32049843338D328110760FF_terseLabel_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowings_D3A2677539F8576AAD5CC95A251CB8E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt outstanding </link:label>
<link:label id="lab_us-gaap_WarehouseAgreementBorrowings_57F214A4F32049843338D328110760FF_label_en-US" xlink:label="lab_us-gaap_WarehouseAgreementBorrowings_D3A2677539F8576AAD5CC95A251CB8E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Warehouse Agreement Borrowings </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WarehouseAgreementBorrowings" xlink:label="loc_us-gaap_WarehouseAgreementBorrowings_D3A2677539F8576AAD5CC95A251CB8E7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_WarehouseAgreementBorrowings_D3A2677539F8576AAD5CC95A251CB8E7" xlink:to="lab_us-gaap_WarehouseAgreementBorrowings_D3A2677539F8576AAD5CC95A251CB8E7" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_78D312EAEF3F80EB74BDD32811074EB9_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_A28284B622675400A59610A662E63C53" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowing base limitations </link:label>
<link:label id="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_78D312EAEF3F80EB74BDD32811074EB9_label_en-US" xlink:label="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_A28284B622675400A59610A662E63C53" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Line of Credit Facility, Current Borrowing Capacity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:label="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_A28284B622675400A59610A662E63C53" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_A28284B622675400A59610A662E63C53" xlink:to="lab_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_A28284B622675400A59610A662E63C53" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_C1DC7B4608464A16E18BD328108BA919_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_FF0BAAFD1A9257B6B40ED8350A68B0C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entities </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_C1DC7B4608464A16E18BD328108BA919_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_FF0BAAFD1A9257B6B40ED8350A68B0C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_FF0BAAFD1A9257B6B40ED8350A68B0C0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityDisclosureTextBlock_FF0BAAFD1A9257B6B40ED8350A68B0C0" xlink:to="lab_us-gaap_VariableInterestEntityDisclosureTextBlock_FF0BAAFD1A9257B6B40ED8350A68B0C0" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtDisclosureTextBlock_DB0CC231F2594DDA5224D328111700BD_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_D365DAD39C3853A5B797E6904FD43EE1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt </link:label>
<link:label id="lab_us-gaap_DebtDisclosureTextBlock_DB0CC231F2594DDA5224D328111700BD_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_D365DAD39C3853A5B797E6904FD43EE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_D365DAD39C3853A5B797E6904FD43EE1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtDisclosureTextBlock_D365DAD39C3853A5B797E6904FD43EE1" xlink:to="lab_us-gaap_DebtDisclosureTextBlock_D365DAD39C3853A5B797E6904FD43EE1" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquityAbstract_13672C3FF227065175F6E3A6B1DF519D_label_en-US" xlink:label="lab_us-gaap_EquityAbstract_13672C3FF227065175F6E3A6B1DF519D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityAbstract" xlink:label="loc_us-gaap_EquityAbstract_13672C3FF227065175F6E3A6B1DF519D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfStockByClassTable_936BE4E8E4AC9218070BE3A6B1E05857_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfStockByClassTable_936BE4E8E4AC9218070BE3A6B1E05857" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Stock by Class [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfStockByClassTable_936BE4E8E4AC9218070BE3A6B1E05857_label_en-US" xlink:label="lab_us-gaap_ScheduleOfStockByClassTable_936BE4E8E4AC9218070BE3A6B1E05857" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Stock by Class [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="loc_us-gaap_ScheduleOfStockByClassTable_936BE4E8E4AC9218070BE3A6B1E05857" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfStockByClassTable_936BE4E8E4AC9218070BE3A6B1E05857" xlink:to="lab_us-gaap_ScheduleOfStockByClassTable_936BE4E8E4AC9218070BE3A6B1E05857" xlink:type="arc"/>
<link:label id="lab_us-gaap_StatementEquityComponentsAxis_672FF37E1960A1BD7D8FE3A6B1E0D755_terseLabel_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_672FF37E1960A1BD7D8FE3A6B1E0D755" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity Components </link:label>
<link:label id="lab_us-gaap_StatementEquityComponentsAxis_672FF37E1960A1BD7D8FE3A6B1E0D755_label_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_672FF37E1960A1BD7D8FE3A6B1E0D755" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Components [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_672FF37E1960A1BD7D8FE3A6B1E0D755" xlink:type="locator"/>
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<link:label id="lab_us-gaap_EquityComponentDomain_85CA99CB85AA7AC28B68E3A6B1E0EB10_terseLabel_en-US" xlink:label="lab_us-gaap_EquityComponentDomain_85CA99CB85AA7AC28B68E3A6B1E0EB10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity Component </link:label>
<link:label id="lab_us-gaap_EquityComponentDomain_85CA99CB85AA7AC28B68E3A6B1E0EB10_label_en-US" xlink:label="lab_us-gaap_EquityComponentDomain_85CA99CB85AA7AC28B68E3A6B1E0EB10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Component [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="loc_us-gaap_EquityComponentDomain_85CA99CB85AA7AC28B68E3A6B1E0EB10" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommonStockMember_DD0BCAF67949849F62AAE3A6B1E009FB_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockMember_DD0BCAF67949849F62AAE3A6B1E009FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Stock [Member] </link:label>
<link:label id="lab_us-gaap_CommonStockMember_DD0BCAF67949849F62AAE3A6B1E009FB_label_en-US" xlink:label="lab_us-gaap_CommonStockMember_DD0BCAF67949849F62AAE3A6B1E009FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_DD0BCAF67949849F62AAE3A6B1E009FB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember_DD0BCAF67949849F62AAE3A6B1E009FB" xlink:to="lab_us-gaap_CommonStockMember_DD0BCAF67949849F62AAE3A6B1E009FB" xlink:type="arc"/>
<link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_C9FB356EFC9F1FAB8892E3A6B1E0AD83_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember_C9FB356EFC9F1FAB8892E3A6B1E0AD83" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional Paid-In-Capital [Member] </link:label>
<link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_C9FB356EFC9F1FAB8892E3A6B1E0AD83_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember_C9FB356EFC9F1FAB8892E3A6B1E0AD83" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additional Paid-in Capital [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_C9FB356EFC9F1FAB8892E3A6B1E0AD83" xlink:type="locator"/>
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<link:label id="lab_us-gaap_RetainedEarningsMember_A70037D07DC8BFB3251BE3A6B1E08926_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember_A70037D07DC8BFB3251BE3A6B1E08926" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained Earnings [Member] </link:label>
<link:label id="lab_us-gaap_RetainedEarningsMember_A70037D07DC8BFB3251BE3A6B1E08926_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember_A70037D07DC8BFB3251BE3A6B1E08926" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="loc_us-gaap_RetainedEarningsMember_A70037D07DC8BFB3251BE3A6B1E08926" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TreasuryStockMember_6E7569F44DAB87DCE27FE3A6B1E03B71_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockMember_6E7569F44DAB87DCE27FE3A6B1E03B71" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Treasury Stock [Member] </link:label>
<link:label id="lab_us-gaap_TreasuryStockMember_6E7569F44DAB87DCE27FE3A6B1E03B71_label_en-US" xlink:label="lab_us-gaap_TreasuryStockMember_6E7569F44DAB87DCE27FE3A6B1E03B71" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="loc_us-gaap_TreasuryStockMember_6E7569F44DAB87DCE27FE3A6B1E03B71" xlink:type="locator"/>
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<link:label id="lab_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388_terseLabel_en-US" xlink:label="lab_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred Compensation Trust [Member] </link:label>
<link:label id="lab_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388_label_en-US" xlink:label="lab_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Compensation Trust [Member] </link:label>
<link:label id="lab_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388_documentation_en-US" xlink:label="lab_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Deferred compensation trust. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_DeferredCompensationTrustMember" xlink:label="loc_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388" xlink:to="lab_nvr_DeferredCompensationTrustMember_0D7A68D3CCBA7E3DD01EE3A6B1E06388" xlink:type="arc"/>
<link:label id="lab_nvr_DeferredCompensationLiabilityMember_6E80540AC9BD2DA43890E3A6B1E0C3F7_terseLabel_en-US" xlink:label="lab_nvr_DeferredCompensationLiabilityMember_6E80540AC9BD2DA43890E3A6B1E0C3F7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deferred Compensation Liability [Member] </link:label>
<link:label id="lab_nvr_DeferredCompensationLiabilityMember_6E80540AC9BD2DA43890E3A6B1E0C3F7_label_en-US" xlink:label="lab_nvr_DeferredCompensationLiabilityMember_6E80540AC9BD2DA43890E3A6B1E0C3F7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Compensation Liability [Member] </link:label>
<link:label id="lab_nvr_DeferredCompensationLiabilityMember_6E80540AC9BD2DA43890E3A6B1E0C3F7_documentation_en-US" xlink:label="lab_nvr_DeferredCompensationLiabilityMember_6E80540AC9BD2DA43890E3A6B1E0C3F7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Deferred compensation liability. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_DeferredCompensationLiabilityMember" xlink:label="loc_nvr_DeferredCompensationLiabilityMember_6E80540AC9BD2DA43890E3A6B1E0C3F7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ClassOfStockLineItems_C286820EB155D18AE70FE3A6B1E0AE96_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockLineItems_C286820EB155D18AE70FE3A6B1E0AE96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity [Line Items] </link:label>
<link:label id="lab_us-gaap_ClassOfStockLineItems_C286820EB155D18AE70FE3A6B1E0AE96_label_en-US" xlink:label="lab_us-gaap_ClassOfStockLineItems_C286820EB155D18AE70FE3A6B1E0AE96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Class of Stock [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="loc_us-gaap_ClassOfStockLineItems_C286820EB155D18AE70FE3A6B1E0AE96" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_FD067E63423F8E4B6B7CE3A6B1E0AEA6_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_FD067E63423F8E4B6B7CE3A6B1E0AEA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Stockholders' Equity [Roll Forward] </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_FD067E63423F8E4B6B7CE3A6B1E0AEA6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StockholdersEquity_8A7ABB8575C48299B7CEE3A6B1E09F7F_periodStartLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity_8A7ABB8575C48299B7CEE3A6B1E09F7F" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Beginning Balance </link:label>
<link:label id="lab_us-gaap_StockholdersEquity_8A7ABB8575C48299B7CEE3A6B1E09F7F_label_en-US" xlink:label="lab_us-gaap_StockholdersEquity_8A7ABB8575C48299B7CEE3A6B1E09F7F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity Attributable to Parent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_8A7ABB8575C48299B7CEE3A6B1E09F7F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_B85515B4726D040FBD8BE3A6B1E04305_terseLabel_en-US" xlink:label="lab_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_B85515B4726D040FBD8BE3A6B1E04305" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cumulative-effect adjustment from adoption of ASU 2016-09, net of tax </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption" xlink:label="loc_us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption_B85515B4726D040FBD8BE3A6B1E04305" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetIncomeLoss_E9EE79D45F708C4291FEE3A6B1E049D0_terseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_E9EE79D45F708C4291FEE3A6B1E049D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net income </link:label>
<link:label id="lab_us-gaap_NetIncomeLoss_E9EE79D45F708C4291FEE3A6B1E049D0_label_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_E9EE79D45F708C4291FEE3A6B1E049D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Income (Loss) Attributable to Parent </link:label>
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<link:label id="lab_us-gaap_ConsolidatedEntitiesAxis_BC53ECE9AAAFDCECD18DD32810D9095D_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidatedEntitiesAxis_BA08A2D9086E5CB9A942187B226682FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidated Entities </link:label>
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<link:label id="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock_75A836595C297235A0C7D32811278792_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock_BA73B55AF79D555CA3C8F34FC5CD5196" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenues </link:label>
<link:label id="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock_75A836595C297235A0C7D32811278792_label_en-US" xlink:label="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock_BA73B55AF79D555CA3C8F34FC5CD5196" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of Revenue from Segments to Consolidated [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_5781C6DA190BD4B7BF4AD3281127FB1D_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_9FFFF2CC5700552A903C695EFC0EEEC3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Profit before Taxes </link:label>
<link:label id="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_5781C6DA190BD4B7BF4AD3281127FB1D_label_en-US" xlink:label="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_9FFFF2CC5700552A903C695EFC0EEEC3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_4D0DE4EB0F5C1E903F53D32811277242_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_215F4FAC771754C39CBA28D399A5C461" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets </link:label>
<link:label id="lab_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_4D0DE4EB0F5C1E903F53D32811277242_label_en-US" xlink:label="lab_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_215F4FAC771754C39CBA28D399A5C461" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of Assets from Segment to Consolidated [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_EDF4120399F110DFA89ED3281127B577_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_29943E432CFA56C7A12BEC29AC52F0D5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate Capital Allocation Charge </link:label>
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<link:label id="lab_us-gaap_ConsolidationItemsAxis_D817C3C9EFD258B2F0A7D32810C9F789_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidationItemsAxis_340C26B5C82C50F2A850914B5CB3BCEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidation Items </link:label>
<link:label id="lab_us-gaap_ConsolidationItemsAxis_D817C3C9EFD258B2F0A7D32810C9F789_label_en-US" xlink:label="lab_us-gaap_ConsolidationItemsAxis_340C26B5C82C50F2A850914B5CB3BCEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consolidation Items [Axis] </link:label>
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<link:label id="lab_us-gaap_ConsolidationItemsDomain_6868DC358FB5E4C820BDD32810C90F8B_terseLabel_en-US" xlink:label="lab_us-gaap_ConsolidationItemsDomain_93D624450A2A569B9AA47B9016345685" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidation Items </link:label>
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<link:label id="lab_nvr_CorporateReconcilingItemsAndEliminationsMember_5BCABBB5B0649A68259ED32810C9EDFD_terseLabel_en-US" xlink:label="lab_nvr_CorporateReconcilingItemsAndEliminationsMember_22169DF59A7454C982659DEC4B6DB4CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate and Reconciling Items [Member] </link:label>
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<link:label id="lab_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F_terseLabel_en-US" xlink:label="lab_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint Ventures [Table] </link:label>
<link:label id="lab_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F_label_en-US" xlink:label="lab_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint Ventures [Table] </link:label>
<link:label id="lab_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F_documentation_en-US" xlink:label="lab_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Joint ventures. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_JointVenturesTable" xlink:label="loc_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F" xlink:to="lab_nvr_JointVenturesTable_DE023715C629BCE992E9E360A40DE70F" xlink:type="arc"/>
<link:label id="lab_us-gaap_BalanceSheetLocationAxis_8EF5B9F4EDAF2FA2E9DCE360A40DF057_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis_8EF5B9F4EDAF2FA2E9DCE360A40DF057" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Balance Sheet Location </link:label>
<link:label id="lab_us-gaap_BalanceSheetLocationAxis_8EF5B9F4EDAF2FA2E9DCE360A40DF057_label_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis_8EF5B9F4EDAF2FA2E9DCE360A40DF057" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Balance Sheet Location [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_8EF5B9F4EDAF2FA2E9DCE360A40DF057" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_8EF5B9F4EDAF2FA2E9DCE360A40DF057" xlink:to="lab_us-gaap_BalanceSheetLocationAxis_8EF5B9F4EDAF2FA2E9DCE360A40DF057" xlink:type="arc"/>
<link:label id="lab_us-gaap_BalanceSheetLocationDomain_DFD0AC7E037C8CDFBE45E360A40D86E6_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain_DFD0AC7E037C8CDFBE45E360A40D86E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Balance Sheet Location </link:label>
<link:label id="lab_us-gaap_BalanceSheetLocationDomain_DFD0AC7E037C8CDFBE45E360A40D86E6_label_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain_DFD0AC7E037C8CDFBE45E360A40D86E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Balance Sheet Location [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_DFD0AC7E037C8CDFBE45E360A40D86E6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BalanceSheetLocationDomain_DFD0AC7E037C8CDFBE45E360A40D86E6" xlink:to="lab_us-gaap_BalanceSheetLocationDomain_DFD0AC7E037C8CDFBE45E360A40D86E6" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherAssetsMember_7DB04D94477B774A9B03E360A40DB877_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssetsMember_7DB04D94477B774A9B03E360A40DB877" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Assets [Member] </link:label>
<link:label id="lab_us-gaap_OtherAssetsMember_7DB04D94477B774A9B03E360A40DB877_label_en-US" xlink:label="lab_us-gaap_OtherAssetsMember_7DB04D94477B774A9B03E360A40DB877" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Assets [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssetsMember" xlink:label="loc_us-gaap_OtherAssetsMember_7DB04D94477B774A9B03E360A40DB877" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssetsMember_7DB04D94477B774A9B03E360A40DB877" xlink:to="lab_us-gaap_OtherAssetsMember_7DB04D94477B774A9B03E360A40DB877" xlink:type="arc"/>
<link:label id="lab_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9_terseLabel_en-US" xlink:label="lab_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint Ventures [Line Items] </link:label>
<link:label id="lab_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9_label_en-US" xlink:label="lab_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint Ventures [Line Items] </link:label>
<link:label id="lab_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9_documentation_en-US" xlink:label="lab_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Joint ventures. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_JointVenturesLineItems" xlink:label="loc_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9" xlink:to="lab_nvr_JointVenturesLineItems_E673BFEC08F9AFB2B365E360A40D4CF9" xlink:type="arc"/>
<link:label id="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_28DC7A6D55312490C47EE360A40D75DF_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_28DC7A6D55312490C47EE360A40D75DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Aggregate investment </link:label>
<link:label id="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_28DC7A6D55312490C47EE360A40D75DF_label_en-US" xlink:label="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_28DC7A6D55312490C47EE360A40D75DF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_28DC7A6D55312490C47EE360A40D75DF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_28DC7A6D55312490C47EE360A40D75DF" xlink:to="lab_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_28DC7A6D55312490C47EE360A40D75DF" xlink:type="arc"/>
<link:label id="lab_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06_terseLabel_en-US" xlink:label="lab_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of joint ventures </link:label>
<link:label id="lab_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06_label_en-US" xlink:label="lab_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Of Joint Ventures </link:label>
<link:label id="lab_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06_documentation_en-US" xlink:label="lab_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of joint ventures. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_NumberOfJointVentures" xlink:label="loc_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06" xlink:to="lab_nvr_NumberOfJointVentures_4E6F975E8763112717CCE360A40DCA06" xlink:type="arc"/>
<link:label id="lab_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414_terseLabel_en-US" xlink:label="lab_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected production of finished lots </link:label>
<link:label id="lab_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414_label_en-US" xlink:label="lab_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Production Of Finished Lots From Joint Ventures </link:label>
<link:label id="lab_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414_documentation_en-US" xlink:label="lab_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected production of finished lots from joint ventures. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_ExpectedProductionOfFinishedLotsFromJointVentures" xlink:label="loc_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414" xlink:to="lab_nvr_ExpectedProductionOfFinishedLotsFromJointVentures_D4FF19B22A62FC7D684CE360A40DA414" xlink:type="arc"/>
<link:label id="lab_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875_terseLabel_en-US" xlink:label="lab_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total lots controlled by company under the joint venture </link:label>
<link:label id="lab_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875_label_en-US" xlink:label="lab_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint Venture Lots Controlled By Company </link:label>
<link:label id="lab_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875_documentation_en-US" xlink:label="lab_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Joint venture lots controlled by company. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_JointVentureLotsControlledByCompany" xlink:label="loc_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875" xlink:to="lab_nvr_JointVentureLotsControlledByCompany_AB31D6472FBD57CF5EACE360A40DC875" xlink:type="arc"/>
<link:label id="lab_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8_terseLabel_en-US" xlink:label="lab_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total lots either under contract with unrelated parties or not under the current contract </link:label>
<link:label id="lab_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8_label_en-US" xlink:label="lab_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint Venture Lots Either Under Contract With Unrelated Parties Or Not Under Contract </link:label>
<link:label id="lab_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8_documentation_en-US" xlink:label="lab_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Joint venture lots either under contract with unrelated parties or not under contract. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract" xlink:label="loc_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8" xlink:to="lab_nvr_JointVentureLotsEitherUnderContractWithUnrelatedPartiesOrNotUnderContract_36EED263E4CF9CE38192E360A40DD2E8" xlink:type="arc"/>
<link:label id="lab_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196_terseLabel_en-US" xlink:label="lab_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional funding commitments in the aggregate </link:label>
<link:label id="lab_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196_label_en-US" xlink:label="lab_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Aggregate Additional Funding Commitments </link:label>
<link:label id="lab_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196_documentation_en-US" xlink:label="lab_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Aggregate additional funding commitments. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_AggregateAdditionalFundingCommitments" xlink:label="loc_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196" xlink:to="lab_nvr_AggregateAdditionalFundingCommitments_05391CF9F5B7C29D0F41E360A40D3196" xlink:type="arc"/>
<link:label id="lab_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945_terseLabel_en-US" xlink:label="lab_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of joint ventures with additional funding commitment </link:label>
<link:label id="lab_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945_label_en-US" xlink:label="lab_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Joint Ventures With Additional Funding Commitment </link:label>
<link:label id="lab_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945_documentation_en-US" xlink:label="lab_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The number of joint ventures to which NVR has an additional funding commitment. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_NumberJointVenturesWithAdditionalFundingCommitment" xlink:label="loc_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945" xlink:to="lab_nvr_NumberJointVenturesWithAdditionalFundingCommitment_34C80BB9FDC12051D20CE360A40DC945" xlink:type="arc"/>
<link:label id="lab_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE_terseLabel_en-US" xlink:label="lab_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of joint ventures NVR is not primary beneficiary </link:label>
<link:label id="lab_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE_label_en-US" xlink:label="lab_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Of Joint Ventures Company Is Not Primary Beneficiary </link:label>
<link:label id="lab_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE_documentation_en-US" xlink:label="lab_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of joint ventures the Company is deemed not the primary beneficiary. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary" xlink:label="loc_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE" xlink:to="lab_nvr_NumberOfJointVenturesCompanyIsNotPrimaryBeneficiary_B950C30B3BA5477615C0E360A40DAACE" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_07B29032AA1E1BA09164D32810AA5CF8_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7FE0F8C5C0C059CC9026C86B26BAB075" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Segment Reporting Information, by Segment [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_07B29032AA1E1BA09164D32810AA5CF8_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7FE0F8C5C0C059CC9026C86B26BAB075" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Segment Reporting Information, by Segment [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_7FE0F8C5C0C059CC9026C86B26BAB075" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SegmentReportingInformationLineItems_7C617F29E2BA58B1E9F3D32810AA9C4A_label_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_2CB8AEC7E8AE54A5B58B22C1F74EADBC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segment Reporting Information [Line Items] </link:label>
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<link:label id="lab_us-gaap_NumberOfReportableSegments_11A9623A3D6008D9EEBCD32810AACF4F_label_en-US" xlink:label="lab_us-gaap_NumberOfReportableSegments_876BA865C8935C80974FB6A4E359B57C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number of Reportable Segments </link:label>
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<link:label id="lab_us-gaap_DebtInstrumentMaturityDate_9356A47143DB47F41A00D32810AA80E9_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentMaturityDate_5217D307FB7A55E784AD456DA2FDA833" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Senior notes maturity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="loc_us-gaap_DebtInstrumentMaturityDate_5217D307FB7A55E784AD456DA2FDA833" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfStockholdersEquityTableTextBlock_654B75FF396B49A2F49CD3281127408E_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfStockholdersEquityTableTextBlock_175B483C9EDD52B3AFB1DCFE1FD39368" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of Changes in Shareholders' Equity </link:label>
<link:label id="lab_us-gaap_ScheduleOfStockholdersEquityTableTextBlock_654B75FF396B49A2F49CD3281127408E_label_en-US" xlink:label="lab_us-gaap_ScheduleOfStockholdersEquityTableTextBlock_175B483C9EDD52B3AFB1DCFE1FD39368" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Stockholders Equity [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfStockholdersEquityTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfStockholdersEquityTableTextBlock_175B483C9EDD52B3AFB1DCFE1FD39368" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_1096EC86E708C9692353E3A6B1E6304D_verboseLabel_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_1096EC86E708C9692353E3A6B1E6304D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Anti-dilutive securities (in shares) </link:label>
<link:label id="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_1096EC86E708C9692353E3A6B1E6304D_label_en-US" xlink:label="lab_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_1096EC86E708C9692353E3A6B1E6304D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_1096EC86E708C9692353E3A6B1E6304D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_100E2D0726978BCDD605268097EEFB6D_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_100E2D0726978BCDD605268097EEFB6D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Cash Flows [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_100E2D0726978BCDD605268097EEFB6D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_CD3FE8FA2A0729AA033E268097EE1699_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_CD3FE8FA2A0729AA033E268097EE1699" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from operating activities: </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_CD3FE8FA2A0729AA033E268097EE1699_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_CD3FE8FA2A0729AA033E268097EE1699" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract] </link:label>
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<link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_66B75AD0465E90656D0B268097EEE5B8_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_66B75AD0465E90656D0B268097EEE5B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjustments to reconcile net income to net cash provided by operating activities: </link:label>
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<link:label id="lab_us-gaap_DepreciationDepletionAndAmortization_3E4689F80FFF72893266268097EE3BD3_terseLabel_en-US" xlink:label="lab_us-gaap_DepreciationDepletionAndAmortization_3E4689F80FFF72893266268097EE3BD3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Depreciation and amortization </link:label>
<link:label id="lab_us-gaap_DepreciationDepletionAndAmortization_3E4689F80FFF72893266268097EE3BD3_label_en-US" xlink:label="lab_us-gaap_DepreciationDepletionAndAmortization_3E4689F80FFF72893266268097EE3BD3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Depreciation, Depletion and Amortization </link:label>
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<link:label id="lab_us-gaap_ShareBasedCompensation_80CCC4966CBC6731E8CF268097EE6CCE_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_80CCC4966CBC6731E8CF268097EE6CCE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity-based compensation expense </link:label>
<link:label id="lab_us-gaap_ShareBasedCompensation_80CCC4966CBC6731E8CF268097EE6CCE_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_80CCC4966CBC6731E8CF268097EE6CCE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-based Compensation </link:label>
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<link:label id="lab_nvr_ContractLandDepositImpairmentRecoveries_550AA34CDC2D88447CDA268097EE69E4_terseLabel_en-US" xlink:label="lab_nvr_ContractLandDepositImpairmentRecoveries_550AA34CDC2D88447CDA268097EE69E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contract land deposit impairments (recoveries), net </link:label>
<link:label id="lab_nvr_ContractLandDepositImpairmentRecoveries_550AA34CDC2D88447CDA268097EE69E4_label_en-US" xlink:label="lab_nvr_ContractLandDepositImpairmentRecoveries_550AA34CDC2D88447CDA268097EE69E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contract Land Deposit Impairment Recoveries </link:label>
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<link:label id="lab_us-gaap_GainLossOnSaleOfMortgageLoans_0A4C7E82C970B64B9DA0268097EE7A41_negatedLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfMortgageLoans_0A4C7E82C970B64B9DA0268097EE7A41" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Gain on sale of loans, net </link:label>
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<link:label id="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_B49789FE6B3DEB843376268097EEC553_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_B49789FE6B3DEB843376268097EEC553" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Mortgage loans closed </link:label>
<link:label id="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_B49789FE6B3DEB843376268097EEC553_label_en-US" xlink:label="lab_us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale_B49789FE6B3DEB843376268097EEC553" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for Origination of Mortgage Loans Held-for-sale </link:label>
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<link:label id="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_C3506DE3A2CEDE9B7B9E268097EE3D6F_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_C3506DE3A2CEDE9B7B9E268097EE3D6F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mortgage loans sold and principal payments on mortgage loans held for sale </link:label>
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<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_C3506DE3A2CEDE9B7B9E268097EE3D6F" xlink:to="lab_us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale_C3506DE3A2CEDE9B7B9E268097EE3D6F" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_FD345FC6B270F53E5D4A268097EFDFC9_terseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_FD345FC6B270F53E5D4A268097EFDFC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Distribution of earnings from unconsolidated joint ventures </link:label>
<link:label id="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_FD345FC6B270F53E5D4A268097EFDFC9_label_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_FD345FC6B270F53E5D4A268097EFDFC9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Equity Method Investment, Distribution </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:label="loc_us-gaap_EquityMethodInvestmentDividendsOrDistributions_FD345FC6B270F53E5D4A268097EFDFC9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityMethodInvestmentDividendsOrDistributions_FD345FC6B270F53E5D4A268097EFDFC9" xlink:to="lab_us-gaap_EquityMethodInvestmentDividendsOrDistributions_FD345FC6B270F53E5D4A268097EFDFC9" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_728B114A59AFB49B7A28268097EF0975_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_728B114A59AFB49B7A28268097EF0975" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net change in assets and liabilities: </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_728B114A59AFB49B7A28268097EF0975_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_728B114A59AFB49B7A28268097EF0975" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Operating Capital [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_728B114A59AFB49B7A28268097EF0975" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_728B114A59AFB49B7A28268097EF0975" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_728B114A59AFB49B7A28268097EF0975" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncreaseDecreaseInInventories_144F410A1B900A990A5F268097EF4887_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_144F410A1B900A990A5F268097EF4887" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Increase in inventory </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInInventories_144F410A1B900A990A5F268097EF4887_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_144F410A1B900A990A5F268097EF4887" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Inventories </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="loc_us-gaap_IncreaseDecreaseInInventories_144F410A1B900A990A5F268097EF4887" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInInventories_144F410A1B900A990A5F268097EF4887" xlink:to="lab_us-gaap_IncreaseDecreaseInInventories_144F410A1B900A990A5F268097EF4887" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncreaseDecreaseInDepositsOutstanding_0393B399C3A4F784303A268097EFCDEF_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDepositsOutstanding_0393B399C3A4F784303A268097EFCDEF" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in contract land deposits </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInDepositsOutstanding_0393B399C3A4F784303A268097EFCDEF_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDepositsOutstanding_0393B399C3A4F784303A268097EFCDEF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Deposits Outstanding </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInDepositsOutstanding" xlink:label="loc_us-gaap_IncreaseDecreaseInDepositsOutstanding_0393B399C3A4F784303A268097EFCDEF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInDepositsOutstanding_0393B399C3A4F784303A268097EFCDEF" xlink:to="lab_us-gaap_IncreaseDecreaseInDepositsOutstanding_0393B399C3A4F784303A268097EFCDEF" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncreaseDecreaseInReceivables_BF598A6BD44E1E6C3401268097EF865A_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInReceivables_BF598A6BD44E1E6C3401268097EF865A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Decrease (increase) in receivables </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInReceivables_BF598A6BD44E1E6C3401268097EF865A_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInReceivables_BF598A6BD44E1E6C3401268097EF865A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Receivables </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInReceivables" xlink:label="loc_us-gaap_IncreaseDecreaseInReceivables_BF598A6BD44E1E6C3401268097EF865A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInReceivables_BF598A6BD44E1E6C3401268097EF865A" xlink:to="lab_us-gaap_IncreaseDecreaseInReceivables_BF598A6BD44E1E6C3401268097EF865A" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_4C4A6B2F95E5AD50E22B268097EF72E2_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_4C4A6B2F95E5AD50E22B268097EF72E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase in accounts payable and accrued expenses </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_4C4A6B2F95E5AD50E22B268097EF72E2_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_4C4A6B2F95E5AD50E22B268097EF72E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Accounts Payable and Accrued Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_4C4A6B2F95E5AD50E22B268097EF72E2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_4C4A6B2F95E5AD50E22B268097EF72E2" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_4C4A6B2F95E5AD50E22B268097EF72E2" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_167DD3AE089C686C853C268097EFE08D_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_167DD3AE089C686C853C268097EFE08D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase in customer deposits </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_167DD3AE089C686C853C268097EFE08D_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_167DD3AE089C686C853C268097EFE08D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Customer Deposits </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInCustomerDeposits" xlink:label="loc_us-gaap_IncreaseDecreaseInCustomerDeposits_167DD3AE089C686C853C268097EFE08D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInCustomerDeposits_167DD3AE089C686C853C268097EFE08D" xlink:to="lab_us-gaap_IncreaseDecreaseInCustomerDeposits_167DD3AE089C686C853C268097EFE08D" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_CBDBD69E9E254B07578A268097EF734C_terseLabel_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_CBDBD69E9E254B07578A268097EF734C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other, net </link:label>
<link:label id="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_CBDBD69E9E254B07578A268097EF734C_label_en-US" xlink:label="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_CBDBD69E9E254B07578A268097EF734C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Operating Activities, Cash Flow Statement </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherOperatingActivitiesCashFlowStatement" xlink:label="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_CBDBD69E9E254B07578A268097EF734C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherOperatingActivitiesCashFlowStatement_CBDBD69E9E254B07578A268097EF734C" xlink:to="lab_us-gaap_OtherOperatingActivitiesCashFlowStatement_CBDBD69E9E254B07578A268097EF734C" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_2947F4C55C78754E04AD268097EFA6AE_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_2947F4C55C78754E04AD268097EFA6AE" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash provided by operating activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_2947F4C55C78754E04AD268097EFA6AE_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_2947F4C55C78754E04AD268097EFA6AE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Operating Activities, Continuing Operations </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_2947F4C55C78754E04AD268097EFA6AE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_2947F4C55C78754E04AD268097EFA6AE" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations_2947F4C55C78754E04AD268097EFA6AE" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_D36A02B8B3BBFB5F080A268097EFFACA_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_D36A02B8B3BBFB5F080A268097EFFACA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from investing activities: </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_D36A02B8B3BBFB5F080A268097EFFACA_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_D36A02B8B3BBFB5F080A268097EFFACA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Investing Activities, Continuing Operations [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_D36A02B8B3BBFB5F080A268097EFFACA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_D36A02B8B3BBFB5F080A268097EFFACA" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_D36A02B8B3BBFB5F080A268097EFFACA" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsToAcquireInterestInJointVenture_3D4E5467A32A33470A29268097EF7F48_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInterestInJointVenture_3D4E5467A32A33470A29268097EF7F48" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Investments in and advances to unconsolidated joint ventures </link:label>
<link:label id="lab_us-gaap_PaymentsToAcquireInterestInJointVenture_3D4E5467A32A33470A29268097EF7F48_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireInterestInJointVenture_3D4E5467A32A33470A29268097EF7F48" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments to Acquire Interest in Joint Venture </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireInterestInJointVenture" xlink:label="loc_us-gaap_PaymentsToAcquireInterestInJointVenture_3D4E5467A32A33470A29268097EF7F48" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireInterestInJointVenture_3D4E5467A32A33470A29268097EF7F48" xlink:to="lab_us-gaap_PaymentsToAcquireInterestInJointVenture_3D4E5467A32A33470A29268097EF7F48" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_FE72BE8A687AF9AF6DD3268097EF4318_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_FE72BE8A687AF9AF6DD3268097EF4318" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Distribution of capital from unconsolidated joint ventures </link:label>
<link:label id="lab_us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_FE72BE8A687AF9AF6DD3268097EF4318_label_en-US" xlink:label="lab_us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_FE72BE8A687AF9AF6DD3268097EF4318" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Equity Method Investment, Distribution, Return of Capital </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital" xlink:label="loc_us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_FE72BE8A687AF9AF6DD3268097EF4318" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_FE72BE8A687AF9AF6DD3268097EF4318" xlink:to="lab_us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_FE72BE8A687AF9AF6DD3268097EF4318" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_042BFB437F3AC8EB69C8268097EF7DBF_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_042BFB437F3AC8EB69C8268097EF7DBF" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Purchase of property, plant and equipment </link:label>
<link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_042BFB437F3AC8EB69C8268097EF7DBF_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_042BFB437F3AC8EB69C8268097EF7DBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments to Acquire Property, Plant, and Equipment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_042BFB437F3AC8EB69C8268097EF7DBF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_042BFB437F3AC8EB69C8268097EF7DBF" xlink:to="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_042BFB437F3AC8EB69C8268097EF7DBF" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_B853E9E8BC175CBDB4A6268097EFC76A_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_B853E9E8BC175CBDB4A6268097EFC76A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from the sale of property, plant and equipment </link:label>
<link:label id="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_B853E9E8BC175CBDB4A6268097EFC76A_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_B853E9E8BC175CBDB4A6268097EFC76A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Sale of Property, Plant, and Equipment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment" xlink:label="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_B853E9E8BC175CBDB4A6268097EFC76A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_B853E9E8BC175CBDB4A6268097EFC76A" xlink:to="lab_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_B853E9E8BC175CBDB4A6268097EFC76A" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_5220EF22D7199B17E60A268097EFE61B_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_5220EF22D7199B17E60A268097EFE61B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash used in investing activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_5220EF22D7199B17E60A268097EFE61B_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_5220EF22D7199B17E60A268097EFE61B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Investing Activities, Continuing Operations </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_5220EF22D7199B17E60A268097EFE61B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_5220EF22D7199B17E60A268097EFE61B" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations_5220EF22D7199B17E60A268097EFE61B" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_77938E590A0A41408773268097EFCE7C_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_77938E590A0A41408773268097EFCE7C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from financing activities: </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_77938E590A0A41408773268097EFCE7C_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_77938E590A0A41408773268097EFCE7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Financing Activities, Continuing Operations [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_77938E590A0A41408773268097EFCE7C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_77938E590A0A41408773268097EFCE7C" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_77938E590A0A41408773268097EFCE7C" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_9A48150E6554F00EB30C268097EF0770_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_9A48150E6554F00EB30C268097EF0770" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Purchase of treasury stock </link:label>
<link:label id="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_9A48150E6554F00EB30C268097EF0770_label_en-US" xlink:label="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_9A48150E6554F00EB30C268097EF0770" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for Repurchase of Common Stock </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_9A48150E6554F00EB30C268097EF0770" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_9A48150E6554F00EB30C268097EF0770" xlink:to="lab_us-gaap_PaymentsForRepurchaseOfCommonStock_9A48150E6554F00EB30C268097EF0770" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsToMinorityShareholders_99AA47263CD301DB5FB4268097EF9E94_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToMinorityShareholders_99AA47263CD301DB5FB4268097EF9E94" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Distributions to partner in consolidated variable interest entity </link:label>
<link:label id="lab_us-gaap_PaymentsToMinorityShareholders_99AA47263CD301DB5FB4268097EF9E94_label_en-US" xlink:label="lab_us-gaap_PaymentsToMinorityShareholders_99AA47263CD301DB5FB4268097EF9E94" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments to Noncontrolling Interests </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="loc_us-gaap_PaymentsToMinorityShareholders_99AA47263CD301DB5FB4268097EF9E94" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToMinorityShareholders_99AA47263CD301DB5FB4268097EF9E94" xlink:to="lab_us-gaap_PaymentsToMinorityShareholders_99AA47263CD301DB5FB4268097EF9E94" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromStockOptionsExercised_376BF6939B76F707646C268097F0DD7F_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromStockOptionsExercised_376BF6939B76F707646C268097F0DD7F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from the exercise of stock options </link:label>
<link:label id="lab_us-gaap_ProceedsFromStockOptionsExercised_376BF6939B76F707646C268097F0DD7F_label_en-US" xlink:label="lab_us-gaap_ProceedsFromStockOptionsExercised_376BF6939B76F707646C268097F0DD7F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Stock Options Exercised </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="loc_us-gaap_ProceedsFromStockOptionsExercised_376BF6939B76F707646C268097F0DD7F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromStockOptionsExercised_376BF6939B76F707646C268097F0DD7F" xlink:to="lab_us-gaap_ProceedsFromStockOptionsExercised_376BF6939B76F707646C268097F0DD7F" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_361052E1DB385A6021A7268097F01A8F_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_361052E1DB385A6021A7268097F01A8F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash used in financing activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_361052E1DB385A6021A7268097F01A8F_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_361052E1DB385A6021A7268097F01A8F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Financing Activities, Continuing Operations </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_361052E1DB385A6021A7268097F01A8F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_361052E1DB385A6021A7268097F01A8F" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations_361052E1DB385A6021A7268097F01A8F" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_9E3F730CBD84059BB08D268097F071F4_totalLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_9E3F730CBD84059BB08D268097F071F4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net increase (decrease) in cash and cash equivalents </link:label>
<link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_9E3F730CBD84059BB08D268097F071F4_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_9E3F730CBD84059BB08D268097F071F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents, Period Increase (Decrease) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_9E3F730CBD84059BB08D268097F071F4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_9E3F730CBD84059BB08D268097F071F4" xlink:to="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_9E3F730CBD84059BB08D268097F071F4" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_C819190ECDF1AE1E6BA9268097F009A1_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_C819190ECDF1AE1E6BA9268097F009A1" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents, beginning of the period </link:label>
<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_C819190ECDF1AE1E6BA9268097F009A1_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_C819190ECDF1AE1E6BA9268097F009A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents, at Carrying Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_C819190ECDF1AE1E6BA9268097F009A1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_C819190ECDF1AE1E6BA9268097F009A1" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_C819190ECDF1AE1E6BA9268097F009A1" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_8535122E84F2F6368104268097F0085D_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_8535122E84F2F6368104268097F0085D" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents, end of the period </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_8535122E84F2F6368104268097F0085D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_8535122E84F2F6368104268097F0085D" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_8535122E84F2F6368104268097F0085D" xlink:type="arc"/>
<link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_214ACE65B4F84E98B11E268097F04F90_terseLabel_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract_214ACE65B4F84E98B11E268097F04F90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Supplemental disclosures of cash flow information: </link:label>
<link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_214ACE65B4F84E98B11E268097F04F90_label_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract_214ACE65B4F84E98B11E268097F04F90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Supplemental Cash Flow Information [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_214ACE65B4F84E98B11E268097F04F90" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_214ACE65B4F84E98B11E268097F04F90" xlink:to="lab_us-gaap_SupplementalCashFlowInformationAbstract_214ACE65B4F84E98B11E268097F04F90" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestPaidNet_1204DFF1097AEDA9C854268097F03543_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPaidNet_1204DFF1097AEDA9C854268097F03543" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest paid during the period, net of interest capitalized </link:label>
<link:label id="lab_us-gaap_InterestPaidNet_1204DFF1097AEDA9C854268097F03543_label_en-US" xlink:label="lab_us-gaap_InterestPaidNet_1204DFF1097AEDA9C854268097F03543" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Paid, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="loc_us-gaap_InterestPaidNet_1204DFF1097AEDA9C854268097F03543" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeTaxesPaidNet_135A9AE9464AC94224FA268097F02262_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_135A9AE9464AC94224FA268097F02262" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income taxes paid during the period, net of refunds </link:label>
<link:label id="lab_us-gaap_IncomeTaxesPaidNet_135A9AE9464AC94224FA268097F02262_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_135A9AE9464AC94224FA268097F02262" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Taxes Paid, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_135A9AE9464AC94224FA268097F02262" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestCostsIncurredCapitalizedAbstract_D8F0AE8B34BC752F253AD328108BEAED_label_en-US" xlink:label="lab_us-gaap_InterestCostsIncurredCapitalizedAbstract_C8CDB131B8135BE08531D6A19AC6197D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capitalized Interest Costs, Including Allowance for Funds Used During Construction [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestCostsIncurredCapitalizedAbstract" xlink:label="loc_us-gaap_InterestCostsIncurredCapitalizedAbstract_C8CDB131B8135BE08531D6A19AC6197D" xlink:type="locator"/>
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<link:label id="lab_nvr_CapitalizedInterestDisclosureTextBlock_5F974F1B5C4714010C9ED328108B578A_terseLabel_en-US" xlink:label="lab_nvr_CapitalizedInterestDisclosureTextBlock_685EB6D86ED95A53BD083FA4FD8A2401" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Capitalized Interest </link:label>
<link:label id="lab_nvr_CapitalizedInterestDisclosureTextBlock_5F974F1B5C4714010C9ED328108B578A_label_en-US" xlink:label="lab_nvr_CapitalizedInterestDisclosureTextBlock_685EB6D86ED95A53BD083FA4FD8A2401" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capitalized Interest Disclosure [Text Block] </link:label>
<link:label id="lab_nvr_CapitalizedInterestDisclosureTextBlock_5F974F1B5C4714010C9ED328108B578A_documentation_en-US" xlink:label="lab_nvr_CapitalizedInterestDisclosureTextBlock_685EB6D86ED95A53BD083FA4FD8A2401" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The entire disclosure for capitalized interest costs. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_CapitalizedInterestDisclosureTextBlock" xlink:label="loc_nvr_CapitalizedInterestDisclosureTextBlock_685EB6D86ED95A53BD083FA4FD8A2401" xlink:type="locator"/>
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<link:label id="lab_nvr_ContractLandDeposits_0D92FCE6C46E11C1BD733A4181680A1C_verboseLabel_en-US" xlink:label="lab_nvr_ContractLandDeposits_0D92FCE6C46E11C1BD733A4181680A1C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Contract land deposits </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_ContractLandDeposits" xlink:label="loc_nvr_ContractLandDeposits_0D92FCE6C46E11C1BD733A4181680A1C" xlink:type="locator"/>
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<link:label id="lab_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5_negatedTerseLabel_en-US" xlink:label="lab_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Loss reserve on contract land deposits </link:label>
<link:label id="lab_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5_label_en-US" xlink:label="lab_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loss Reserve On Contract Land Deposits </link:label>
<link:label id="lab_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5_documentation_en-US" xlink:label="lab_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The reserve account established to account for expected but unspecified losses related to contract land deposits. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_LossReserveOnContractLandDeposits" xlink:label="loc_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5" xlink:to="lab_nvr_LossReserveOnContractLandDeposits_36F656C55DF43A9851993A418168B5C5" xlink:type="arc"/>
<link:label id="lab_us-gaap_DepositsAssets_C02827455036EE6D73153A4181680C8F_totalLabel_en-US" xlink:label="lab_us-gaap_DepositsAssets_C02827455036EE6D73153A4181680C8F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Contract land deposits, net </link:label>
<link:label id="lab_us-gaap_DepositsAssets_C02827455036EE6D73153A4181680C8F_label_en-US" xlink:label="lab_us-gaap_DepositsAssets_C02827455036EE6D73153A4181680C8F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deposits Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepositsAssets" xlink:label="loc_us-gaap_DepositsAssets_C02827455036EE6D73153A4181680C8F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DepositsAssets_C02827455036EE6D73153A4181680C8F" xlink:to="lab_us-gaap_DepositsAssets_C02827455036EE6D73153A4181680C8F" xlink:type="arc"/>
<link:label id="lab_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4_terseLabel_en-US" xlink:label="lab_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contingent obligations in the form of letters of credit </link:label>
<link:label id="lab_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4_label_en-US" xlink:label="lab_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Letters Of Credit Related To Lots </link:label>
<link:label id="lab_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4_documentation_en-US" xlink:label="lab_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Letters of credit related to contract land deposits. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_LettersOfCreditRelatedToLots" xlink:label="loc_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4" xlink:to="lab_nvr_LettersOfCreditRelatedToLots_A0E7E9C888EB87F431CC3A418168F7B4" xlink:type="arc"/>
<link:label id="lab_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28_terseLabel_en-US" xlink:label="lab_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Specific performance obligations </link:label>
<link:label id="lab_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28_label_en-US" xlink:label="lab_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Specific Performance Obligations </link:label>
<link:label id="lab_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28_documentation_en-US" xlink:label="lab_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Specific performance obligations. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_SpecificPerformanceObligations" xlink:label="loc_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28" xlink:to="lab_nvr_SpecificPerformanceObligations_658B94559CBB779791FF3A4181686E28" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsMaximumExposure_21CE051FE1D51104B80B3A4181683854_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsMaximumExposure_21CE051FE1D51104B80B3A4181683854" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total risk of loss </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsMaximumExposure_21CE051FE1D51104B80B3A4181683854_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsMaximumExposure_21CE051FE1D51104B80B3A4181683854" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Maximum Exposure, Undiscounted </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="loc_us-gaap_GuaranteeObligationsMaximumExposure_21CE051FE1D51104B80B3A4181683854" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsMaximumExposure_21CE051FE1D51104B80B3A4181683854" xlink:to="lab_us-gaap_GuaranteeObligationsMaximumExposure_21CE051FE1D51104B80B3A4181683854" xlink:type="arc"/>
<link:label id="lab_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF_terseLabel_en-US" xlink:label="lab_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Finished lots committed to purchase under specific performance obligations </link:label>
<link:label id="lab_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF_label_en-US" xlink:label="lab_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Finished Lots Committed To Purchase </link:label>
<link:label id="lab_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF_documentation_en-US" xlink:label="lab_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Finished lots committed to purchase under specific performance obligations. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_FinishedLotsCommittedToPurchase" xlink:label="loc_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF" xlink:to="lab_nvr_FinishedLotsCommittedToPurchase_2AFE2D80A10660A4EB513A4181686ECF" xlink:type="arc"/>
<link:label id="lab_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A_terseLabel_en-US" xlink:label="lab_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Tax [Table] </link:label>
<link:label id="lab_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A_label_en-US" xlink:label="lab_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax [Table] </link:label>
<link:label id="lab_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A_documentation_en-US" xlink:label="lab_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Income tax. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_IncomeTaxTable" xlink:label="loc_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A" xlink:to="lab_nvr_IncomeTaxTable_E8DE1B7F76C9BDD2E900499273A1350A" xlink:type="arc"/>
<link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_37A18A762AF2AA5A8F3A499273A12334_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_37A18A762AF2AA5A8F3A499273A12334" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjustments for New Accounting Pronouncements </link:label>
<link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_37A18A762AF2AA5A8F3A499273A12334_label_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_37A18A762AF2AA5A8F3A499273A12334" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for New Accounting Pronouncements [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_37A18A762AF2AA5A8F3A499273A12334" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_37A18A762AF2AA5A8F3A499273A12334" xlink:to="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_37A18A762AF2AA5A8F3A499273A12334" xlink:type="arc"/>
<link:label id="lab_us-gaap_TypeOfAdoptionMember_0858864D01F523BC2FC1499273A15938_terseLabel_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember_0858864D01F523BC2FC1499273A15938" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Type of Adoption </link:label>
<link:label id="lab_us-gaap_TypeOfAdoptionMember_0858864D01F523BC2FC1499273A15938_label_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember_0858864D01F523BC2FC1499273A15938" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Type of Adoption [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TypeOfAdoptionMember" xlink:label="loc_us-gaap_TypeOfAdoptionMember_0858864D01F523BC2FC1499273A15938" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TypeOfAdoptionMember_0858864D01F523BC2FC1499273A15938" xlink:to="lab_us-gaap_TypeOfAdoptionMember_0858864D01F523BC2FC1499273A15938" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccountingStandardsUpdate201609Member_B049658A18DCEB8CDA3A499273A2AC5A_terseLabel_en-US" xlink:label="lab_us-gaap_AccountingStandardsUpdate201609Member_B049658A18DCEB8CDA3A499273A2AC5A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accounting Standards Update (“ASU”) 2016-09 [Member] </link:label>
<link:label id="lab_us-gaap_AccountingStandardsUpdate201609Member_B049658A18DCEB8CDA3A499273A2AC5A_label_en-US" xlink:label="lab_us-gaap_AccountingStandardsUpdate201609Member_B049658A18DCEB8CDA3A499273A2AC5A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounting Standards Update 2016-09 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountingStandardsUpdate201609Member" xlink:label="loc_us-gaap_AccountingStandardsUpdate201609Member_B049658A18DCEB8CDA3A499273A2AC5A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountingStandardsUpdate201609Member_B049658A18DCEB8CDA3A499273A2AC5A" xlink:to="lab_us-gaap_AccountingStandardsUpdate201609Member_B049658A18DCEB8CDA3A499273A2AC5A" xlink:type="arc"/>
<link:label id="lab_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104_terseLabel_en-US" xlink:label="lab_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Tax [Line Items] </link:label>
<link:label id="lab_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104_label_en-US" xlink:label="lab_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax [Line Items] </link:label>
<link:label id="lab_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104_documentation_en-US" xlink:label="lab_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Income tax. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_IncomeTaxLineItems" xlink:label="loc_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104" xlink:to="lab_nvr_IncomeTaxLineItems_84FA6BDD31A1D497BB60499273A28104" xlink:type="arc"/>
<link:label id="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_772CEBBD9E9411552E93499273A2D532_terseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_772CEBBD9E9411552E93499273A2D532" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Effective tax rate </link:label>
<link:label id="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_772CEBBD9E9411552E93499273A2D532_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_772CEBBD9E9411552E93499273A2D532" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Effective Income Tax Rate Reconciliation, Percent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_772CEBBD9E9411552E93499273A2D532" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateContinuingOperations_772CEBBD9E9411552E93499273A2D532" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateContinuingOperations_772CEBBD9E9411552E93499273A2D532" xlink:type="arc"/>
<link:label id="lab_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090_terseLabel_en-US" xlink:label="lab_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Excess tax benefit from option exercises recognized as a reduction to income tax expense </link:label>
<link:label id="lab_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090_label_en-US" xlink:label="lab_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustment To Income Tax Expense Income Tax Effect From Share Based Compensation Net </link:label>
<link:label id="lab_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090_documentation_en-US" xlink:label="lab_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of increase (decrease) in income tax expense resulting from a tax benefit (deficiency) associated with a share-based compensation plan other than an employee stock ownership plan (ESOP). </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet" xlink:label="loc_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090" xlink:to="lab_nvr_AdjustmentToIncomeTaxExpenseIncomeTaxEffectFromShareBasedCompensationNet_B3D5C583FBB97DC55CB2499273A27090" xlink:type="arc"/>
<link:label id="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_A283BC70888B81305ADD499273A2B742_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_A283BC70888B81305ADD499273A2B742" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Excess tax benefit recognized </link:label>
<link:label id="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_A283BC70888B81305ADD499273A2B742_label_en-US" xlink:label="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_A283BC70888B81305ADD499273A2B742" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet" xlink:label="loc_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_A283BC70888B81305ADD499273A2B742" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_A283BC70888B81305ADD499273A2B742" xlink:to="lab_us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet_A283BC70888B81305ADD499273A2B742" xlink:type="arc"/>
<link:label id="lab_us-gaap_TreasuryStockSharesAcquired_1EC4A91BF817EC7A9DD8E3A6B1DB16E0_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockSharesAcquired_1EC4A91BF817EC7A9DD8E3A6B1DB16E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common stock repurchased (in shares) </link:label>
<link:label id="lab_us-gaap_TreasuryStockSharesAcquired_1EC4A91BF817EC7A9DD8E3A6B1DB16E0_label_en-US" xlink:label="lab_us-gaap_TreasuryStockSharesAcquired_1EC4A91BF817EC7A9DD8E3A6B1DB16E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Stock, Shares, Acquired </link:label>
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<link:label id="lab_nvr_StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther_B79620CA780F68DB79DDE3A6B1DB99B4_terseLabel_en-US" xlink:label="lab_nvr_StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther_B79620CA780F68DB79DDE3A6B1DB99B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reissued shares during the period, shares (in shares) </link:label>
<link:label id="lab_nvr_StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther_B79620CA780F68DB79DDE3A6B1DB99B4_label_en-US" xlink:label="lab_nvr_StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther_B79620CA780F68DB79DDE3A6B1DB99B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stock Issued During Period Shares Treasury Stock Reissued Upon Exercise Of Stock Option And Other </link:label>
<link:label id="lab_nvr_StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther_B79620CA780F68DB79DDE3A6B1DB99B4_documentation_en-US" xlink:label="lab_nvr_StockIssuedDuringPeriodSharesTreasuryStockReissuedUponExerciseOfStockOptionAndOther_B79620CA780F68DB79DDE3A6B1DB99B4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of treasury shares reissued during the period to satisfy equity-based compensation obligations exercised by the holders of such rights. </link:label>
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<link:label id="lab_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable_98544259C2B2F8CFB1B74A2D807E7C60_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable_98544259C2B2F8CFB1B74A2D807E7C60" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of Assets from Segment to Consolidated [Table] </link:label>
<link:label id="lab_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable_98544259C2B2F8CFB1B74A2D807E7C60_label_en-US" xlink:label="lab_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTable_98544259C2B2F8CFB1B74A2D807E7C60" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reconciliation of Assets from Segment to Consolidated [Table] </link:label>
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<link:label id="lab_us-gaap_OperatingSegmentsMember_1A83D1A1C13298BC2A884A2D807FA383_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingSegmentsMember_1A83D1A1C13298BC2A884A2D807FA383" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Operating Segments [Member] </link:label>
<link:label id="lab_us-gaap_OperatingSegmentsMember_1A83D1A1C13298BC2A884A2D807FA383_label_en-US" xlink:label="lab_us-gaap_OperatingSegmentsMember_1A83D1A1C13298BC2A884A2D807FA383" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Operating Segments [Member] </link:label>
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<link:label id="lab_us-gaap_SegmentReportingAssetReconcilingItemLineItems_80EFD2E91C1A1C091F9B4A2D807F753B_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingAssetReconcilingItemLineItems_80EFD2E91C1A1C091F9B4A2D807F753B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment Reporting, Asset Reconciling Item [Line Items] </link:label>
<link:label id="lab_us-gaap_SegmentReportingAssetReconcilingItemLineItems_80EFD2E91C1A1C091F9B4A2D807F753B_label_en-US" xlink:label="lab_us-gaap_SegmentReportingAssetReconcilingItemLineItems_80EFD2E91C1A1C091F9B4A2D807F753B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segment Reporting, Asset Reconciling Item [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingAssetReconcilingItemLineItems" xlink:label="loc_us-gaap_SegmentReportingAssetReconcilingItemLineItems_80EFD2E91C1A1C091F9B4A2D807F753B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_Assets_60F4D2C15876615808854A2D807F3DBC_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_60F4D2C15876615808854A2D807F3DBC" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total assets </link:label>
<link:label id="lab_us-gaap_Assets_60F4D2C15876615808854A2D807F3DBC_label_en-US" xlink:label="lab_us-gaap_Assets_60F4D2C15876615808854A2D807F3DBC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets </link:label>
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<link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_1F48887B9EE83FE47DB24A2D8080249C_verboseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_1F48887B9EE83FE47DB24A2D8080249C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Consolidated variable interest entity </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_1F48887B9EE83FE47DB24A2D8080249C_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_1F48887B9EE83FE47DB24A2D8080249C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Consolidated, Carrying Amount, Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_1F48887B9EE83FE47DB24A2D8080249C" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_1C17282D5CEE48A77E164A2D80807BF1_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_1C17282D5CEE48A77E164A2D80807BF1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_1C17282D5CEE48A77E164A2D80807BF1" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DeferredTaxAssetsNet_D9BB28035B76C23507D44A2D8080F144_verboseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNet_D9BB28035B76C23507D44A2D8080F144" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Deferred taxes </link:label>
<link:label id="lab_us-gaap_DeferredTaxAssetsNet_D9BB28035B76C23507D44A2D8080F144_label_en-US" xlink:label="lab_us-gaap_DeferredTaxAssetsNet_D9BB28035B76C23507D44A2D8080F144" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deferred Tax Assets, Net of Valuation Allowance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="loc_us-gaap_DeferredTaxAssetsNet_D9BB28035B76C23507D44A2D8080F144" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_54BD2E6B5B8A9D11F0544A2D8080A80C_verboseLabel_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_54BD2E6B5B8A9D11F0544A2D8080A80C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets and goodwill </link:label>
<link:label id="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_54BD2E6B5B8A9D11F0544A2D8080A80C_label_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_54BD2E6B5B8A9D11F0544A2D8080A80C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intangible Assets, Net (Including Goodwill) </link:label>
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<link:label id="lab_nvr_LossReserveOnContractLandDeposits_7527600AADE2085F69884A2D8080DF02_negatedLabel_en-US" xlink:label="lab_nvr_LossReserveOnContractLandDeposits_7527600AADE2085F69884A2D8080DF02" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Contract land deposit reserve </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_LossReserveOnContractLandDeposits" xlink:label="loc_nvr_LossReserveOnContractLandDeposits_7527600AADE2085F69884A2D8080DF02" xlink:type="locator"/>
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<link:label id="lab_nvr_ConsolidationEntriesAndOtherForAssets_458CE647252FD7B399B24A2D80807CA2_terseLabel_en-US" xlink:label="lab_nvr_ConsolidationEntriesAndOtherForAssets_458CE647252FD7B399B24A2D80807CA2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidation adjustments and other </link:label>
<link:label id="lab_nvr_ConsolidationEntriesAndOtherForAssets_458CE647252FD7B399B24A2D80807CA2_label_en-US" xlink:label="lab_nvr_ConsolidationEntriesAndOtherForAssets_458CE647252FD7B399B24A2D80807CA2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consolidation Entries And Other For Assets </link:label>
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<link:loc xlink:href="nvr-20170930.xsd#nvr_ConsolidationEntriesAndOtherForAssets" xlink:label="loc_nvr_ConsolidationEntriesAndOtherForAssets_458CE647252FD7B399B24A2D80807CA2" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTable_7FA5A01854E66130FF3F4ADC6F609DB3_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTable_7FA5A01854E66130FF3F4ADC6F609DB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table] </link:label>
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<link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_B0062A11D96146CAD4604ADC6F6FFFAE_totalLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_B0062A11D96146CAD4604ADC6F6FFFAE" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Income before taxes </link:label>
<link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_B0062A11D96146CAD4604ADC6F6FFFAE_label_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_B0062A11D96146CAD4604ADC6F6FFFAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income (Loss) from Continuing Operations before Income Taxes, Domestic </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_B0062A11D96146CAD4604ADC6F6FFFAE" xlink:type="locator"/>
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<link:label id="lab_nvr_ContractLandDepositReserveAdjustment_829FB661106A8B7660EA4ADC6F6F6425_terseLabel_en-US" xlink:label="lab_nvr_ContractLandDepositReserveAdjustment_829FB661106A8B7660EA4ADC6F6F6425" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contract land deposit reserve adjustment </link:label>
<link:label id="lab_nvr_ContractLandDepositReserveAdjustment_829FB661106A8B7660EA4ADC6F6F6425_label_en-US" xlink:label="lab_nvr_ContractLandDepositReserveAdjustment_829FB661106A8B7660EA4ADC6F6F6425" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contract Land Deposit Reserve Adjustment </link:label>
<link:label id="lab_nvr_ContractLandDepositReserveAdjustment_829FB661106A8B7660EA4ADC6F6F6425_documentation_en-US" xlink:label="lab_nvr_ContractLandDepositReserveAdjustment_829FB661106A8B7660EA4ADC6F6F6425" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Contract land deposit reserve adjustment. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_ContractLandDepositReserveAdjustment" xlink:label="loc_nvr_ContractLandDepositReserveAdjustment_829FB661106A8B7660EA4ADC6F6F6425" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ShareBasedCompensation_BE1CB51C3132975E3E934ADC6F6FA245_negatedLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_BE1CB51C3132975E3E934ADC6F6FA245" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Equity-based compensation expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_BE1CB51C3132975E3E934ADC6F6FA245" xlink:type="locator"/>
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<link:label id="lab_nvr_CorporateCapitalAllocationCharge_65B2D43ED866E0B749704ADC6F6FF63B_terseLabel_en-US" xlink:label="lab_nvr_CorporateCapitalAllocationCharge_65B2D43ED866E0B749704ADC6F6FF63B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate capital allocation </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_CorporateCapitalAllocationCharge" xlink:label="loc_nvr_CorporateCapitalAllocationCharge_65B2D43ED866E0B749704ADC6F6FF63B" xlink:type="locator"/>
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<link:label id="lab_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D_terseLabel_en-US" xlink:label="lab_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unallocated corporate overhead </link:label>
<link:label id="lab_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D_label_en-US" xlink:label="lab_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unallocated Corporate Overhead </link:label>
<link:label id="lab_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D_documentation_en-US" xlink:label="lab_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Unallocated corporate overhead. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_UnallocatedCorporateOverhead" xlink:label="loc_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D" xlink:to="lab_nvr_UnallocatedCorporateOverhead_4867000E9A30C07E2A324ADC6F6F437D" xlink:type="arc"/>
<link:label id="lab_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264_terseLabel_en-US" xlink:label="lab_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidation adjustments and other </link:label>
<link:label id="lab_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264_label_en-US" xlink:label="lab_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consolidation Adjustments And Other </link:label>
<link:label id="lab_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264_documentation_en-US" xlink:label="lab_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Consolidation adjustments and other. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_ConsolidationAdjustmentsAndOther" xlink:label="loc_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264" xlink:to="lab_nvr_ConsolidationAdjustmentsAndOther_931720547429CE5D907C4ADC6F6F8264" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestExpense_B6B58D5AA2F3E425D61D4ADC6F6F5CFB_negatedLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_B6B58D5AA2F3E425D61D4ADC6F6F5CFB" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Corporate interest expense </link:label>
<link:label id="lab_us-gaap_InterestExpense_B6B58D5AA2F3E425D61D4ADC6F6F5CFB_label_en-US" xlink:label="lab_us-gaap_InterestExpense_B6B58D5AA2F3E425D61D4ADC6F6F5CFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_B6B58D5AA2F3E425D61D4ADC6F6F5CFB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestExpense_B6B58D5AA2F3E425D61D4ADC6F6F5CFB" xlink:to="lab_us-gaap_InterestExpense_B6B58D5AA2F3E425D61D4ADC6F6F5CFB" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_451DABAA3C9E2D096736D32810E820ED_terseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_7147773DD0E1584DB8B98FD797930F0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint Ventures </link:label>
<link:label id="lab_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_451DABAA3C9E2D096736D32810E820ED_label_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_7147773DD0E1584DB8B98FD797930F0E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Method Investments and Joint Ventures Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="loc_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_7147773DD0E1584DB8B98FD797930F0E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementTable_1DD7649003AEEA60202C268098324299_terseLabel_en-US" xlink:label="lab_us-gaap_StatementTable_1DD7649003AEEA60202C268098324299" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement [Table] </link:label>
<link:label id="lab_us-gaap_StatementTable_1DD7649003AEEA60202C268098324299_label_en-US" xlink:label="lab_us-gaap_StatementTable_1DD7649003AEEA60202C268098324299" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_1DD7649003AEEA60202C268098324299" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementTable_1DD7649003AEEA60202C268098324299" xlink:to="lab_us-gaap_StatementTable_1DD7649003AEEA60202C268098324299" xlink:type="arc"/>
<link:label id="lab_us-gaap_StatementLineItems_77AAE2E42F88141CD3352680983285AF_terseLabel_en-US" xlink:label="lab_us-gaap_StatementLineItems_77AAE2E42F88141CD3352680983285AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement [Line Items] </link:label>
<link:label id="lab_us-gaap_StatementLineItems_77AAE2E42F88141CD3352680983285AF_label_en-US" xlink:label="lab_us-gaap_StatementLineItems_77AAE2E42F88141CD3352680983285AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="loc_us-gaap_StatementLineItems_77AAE2E42F88141CD3352680983285AF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementLineItems_77AAE2E42F88141CD3352680983285AF" xlink:to="lab_us-gaap_StatementLineItems_77AAE2E42F88141CD3352680983285AF" xlink:type="arc"/>
<link:label id="lab_us-gaap_AssetsAbstract_D03F6C7471435B9541C526809832F341_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_D03F6C7471435B9541C526809832F341" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> ASSETS </link:label>
<link:label id="lab_us-gaap_AssetsAbstract_D03F6C7471435B9541C526809832F341_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_D03F6C7471435B9541C526809832F341" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_D03F6C7471435B9541C526809832F341" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsAbstract_D03F6C7471435B9541C526809832F341" xlink:to="lab_us-gaap_AssetsAbstract_D03F6C7471435B9541C526809832F341" xlink:type="arc"/>
<link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_13090EF52D893ADDEA422680983298E4_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_13090EF52D893ADDEA422680983298E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Restricted cash </link:label>
<link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_13090EF52D893ADDEA422680983298E4_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_13090EF52D893ADDEA422680983298E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Restricted Cash and Cash Equivalents </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_13090EF52D893ADDEA422680983298E4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalents_13090EF52D893ADDEA422680983298E4" xlink:to="lab_us-gaap_RestrictedCashAndCashEquivalents_13090EF52D893ADDEA422680983298E4" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_12AEA9A7EF3F12A880C4268098321A57_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_12AEA9A7EF3F12A880C4268098321A57" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mortgage loans held for sale, net </link:label>
<link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_12AEA9A7EF3F12A880C4268098321A57_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_12AEA9A7EF3F12A880C4268098321A57" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_12AEA9A7EF3F12A880C4268098321A57" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccountsReceivableNet_3AA4655E4A6039AD0F5D268098321598_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableNet_3AA4655E4A6039AD0F5D268098321598" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Receivables </link:label>
<link:label id="lab_us-gaap_AccountsReceivableNet_3AA4655E4A6039AD0F5D268098321598_label_en-US" xlink:label="lab_us-gaap_AccountsReceivableNet_3AA4655E4A6039AD0F5D268098321598" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounts Receivable, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="loc_us-gaap_AccountsReceivableNet_3AA4655E4A6039AD0F5D268098321598" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsReceivableNet_3AA4655E4A6039AD0F5D268098321598" xlink:to="lab_us-gaap_AccountsReceivableNet_3AA4655E4A6039AD0F5D268098321598" xlink:type="arc"/>
<link:label id="lab_us-gaap_InventoryNetAbstract_33124818CF1909927CFE26809832BFFF_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryNetAbstract_33124818CF1909927CFE26809832BFFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inventory: </link:label>
<link:label id="lab_us-gaap_InventoryNetAbstract_33124818CF1909927CFE26809832BFFF_label_en-US" xlink:label="lab_us-gaap_InventoryNetAbstract_33124818CF1909927CFE26809832BFFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory, Net [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryNetAbstract" xlink:label="loc_us-gaap_InventoryNetAbstract_33124818CF1909927CFE26809832BFFF" xlink:type="locator"/>
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<link:label id="lab_nvr_LotsAndHousingUnitsCoveredUnderSalesAgreementsWithCustomers_21305827B7526198A7892680983262BF_terseLabel_en-US" xlink:label="lab_nvr_LotsAndHousingUnitsCoveredUnderSalesAgreementsWithCustomers_21305827B7526198A7892680983262BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lots and housing units, covered under sales agreements with customers </link:label>
<link:label id="lab_nvr_LotsAndHousingUnitsCoveredUnderSalesAgreementsWithCustomers_21305827B7526198A7892680983262BF_label_en-US" xlink:label="lab_nvr_LotsAndHousingUnitsCoveredUnderSalesAgreementsWithCustomers_21305827B7526198A7892680983262BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Lots And Housing Units Covered Under Sales Agreements With Customers </link:label>
<link:label id="lab_nvr_LotsAndHousingUnitsCoveredUnderSalesAgreementsWithCustomers_21305827B7526198A7892680983262BF_documentation_en-US" xlink:label="lab_nvr_LotsAndHousingUnitsCoveredUnderSalesAgreementsWithCustomers_21305827B7526198A7892680983262BF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying amount as of balance sheet date of lots and capitalized construction costs of homes covered under sales agreements with customers. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_LotsAndHousingUnitsCoveredUnderSalesAgreementsWithCustomers" xlink:label="loc_nvr_LotsAndHousingUnitsCoveredUnderSalesAgreementsWithCustomers_21305827B7526198A7892680983262BF" xlink:type="locator"/>
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<link:label id="lab_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454_terseLabel_en-US" xlink:label="lab_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unsold lots and housing units </link:label>
<link:label id="lab_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454_label_en-US" xlink:label="lab_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unsold Lots And Housing Units </link:label>
<link:label id="lab_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454_documentation_en-US" xlink:label="lab_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying amount as of the balance sheet date of lots and capitalized construction costs of homes not covered under sales agreements with customers. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_UnsoldLotsAndHousingUnits" xlink:label="loc_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454" xlink:to="lab_nvr_UnsoldLotsAndHousingUnits_D914DF0F59E39A08B69A268098327454" xlink:type="arc"/>
<link:label id="lab_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_B5DC3DF901666D51CA0226809832FBBD_verboseLabel_en-US" xlink:label="lab_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_B5DC3DF901666D51CA0226809832FBBD" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Land under development </link:label>
<link:label id="lab_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_B5DC3DF901666D51CA0226809832FBBD_label_en-US" xlink:label="lab_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_B5DC3DF901666D51CA0226809832FBBD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory, Real Estate, Land and Land Development Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts" xlink:label="loc_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_B5DC3DF901666D51CA0226809832FBBD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_B5DC3DF901666D51CA0226809832FBBD" xlink:to="lab_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_B5DC3DF901666D51CA0226809832FBBD" xlink:type="arc"/>
<link:label id="lab_us-gaap_RealEstateInventoryConstructionMaterials_06673E151F7ADB18D4FE268098330090_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateInventoryConstructionMaterials_06673E151F7ADB18D4FE268098330090" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Building materials and other </link:label>
<link:label id="lab_us-gaap_RealEstateInventoryConstructionMaterials_06673E151F7ADB18D4FE268098330090_label_en-US" xlink:label="lab_us-gaap_RealEstateInventoryConstructionMaterials_06673E151F7ADB18D4FE268098330090" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Real Estate Inventory, Construction Materials </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInventoryConstructionMaterials" xlink:label="loc_us-gaap_RealEstateInventoryConstructionMaterials_06673E151F7ADB18D4FE268098330090" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateInventoryConstructionMaterials_06673E151F7ADB18D4FE268098330090" xlink:to="lab_us-gaap_RealEstateInventoryConstructionMaterials_06673E151F7ADB18D4FE268098330090" xlink:type="arc"/>
<link:label id="lab_us-gaap_InventoryOperativeBuilders_E272138536A65C4EAE2C268098331B0B_totalLabel_en-US" xlink:label="lab_us-gaap_InventoryOperativeBuilders_E272138536A65C4EAE2C268098331B0B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total Inventory </link:label>
<link:label id="lab_us-gaap_InventoryOperativeBuilders_E272138536A65C4EAE2C268098331B0B_label_en-US" xlink:label="lab_us-gaap_InventoryOperativeBuilders_E272138536A65C4EAE2C268098331B0B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Inventory, Operative Builders </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryOperativeBuilders" xlink:label="loc_us-gaap_InventoryOperativeBuilders_E272138536A65C4EAE2C268098331B0B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryOperativeBuilders_E272138536A65C4EAE2C268098331B0B" xlink:to="lab_us-gaap_InventoryOperativeBuilders_E272138536A65C4EAE2C268098331B0B" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_38F41A8EF81677BBB732268098336800_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_38F41A8EF81677BBB732268098336800" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets related to consolidated variable interest entity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_38F41A8EF81677BBB732268098336800" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_38F41A8EF81677BBB732268098336800" xlink:to="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_38F41A8EF81677BBB732268098336800" xlink:type="arc"/>
<link:label id="lab_us-gaap_DepositsAssets_FFD781D84984A25EC35E268098332AD5_terseLabel_en-US" xlink:label="lab_us-gaap_DepositsAssets_FFD781D84984A25EC35E268098332AD5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contract land deposits, net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepositsAssets" xlink:label="loc_us-gaap_DepositsAssets_FFD781D84984A25EC35E268098332AD5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DepositsAssets_FFD781D84984A25EC35E268098332AD5" xlink:to="lab_us-gaap_DepositsAssets_FFD781D84984A25EC35E268098332AD5" xlink:type="arc"/>
<link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_D60429F49A02456F387E268098339999_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_D60429F49A02456F387E268098339999" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Property, plant and equipment, net </link:label>
<link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_D60429F49A02456F387E268098339999_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_D60429F49A02456F387E268098339999" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, Plant and Equipment, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_D60429F49A02456F387E268098339999" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_D60429F49A02456F387E268098339999" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentNet_D60429F49A02456F387E268098339999" xlink:type="arc"/>
<link:label id="lab_us-gaap_PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets_F59F6E0595B94F8ABAA926809833DDDF_terseLabel_en-US" xlink:label="lab_us-gaap_PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets_F59F6E0595B94F8ABAA926809833DDDF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reorganization value in excess of amounts allocable to identifiable assets, net </link:label>
<link:label id="lab_us-gaap_PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets_F59F6E0595B94F8ABAA926809833DDDF_label_en-US" xlink:label="lab_us-gaap_PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets_F59F6E0595B94F8ABAA926809833DDDF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Postconfirmation, Reorganization Value in Excess of Amounts Allocable to Identifiable Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets" xlink:label="loc_us-gaap_PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets_F59F6E0595B94F8ABAA926809833DDDF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets_F59F6E0595B94F8ABAA926809833DDDF" xlink:to="lab_us-gaap_PostconfirmationReorganizationValueInExcessOfAmountsAllocableToIdentifiableAssets_F59F6E0595B94F8ABAA926809833DDDF" xlink:type="arc"/>
<link:label id="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_8770D7BF22374238F20126809833876A_terseLabel_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_8770D7BF22374238F20126809833876A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Goodwill and finite-lived intangible assets, net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IntangibleAssetsNetIncludingGoodwill" xlink:label="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_8770D7BF22374238F20126809833876A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntangibleAssetsNetIncludingGoodwill_8770D7BF22374238F20126809833876A" xlink:to="lab_us-gaap_IntangibleAssetsNetIncludingGoodwill_8770D7BF22374238F20126809833876A" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherAssets_AF9CEC3669F057F0789526809833DBE5_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_AF9CEC3669F057F0789526809833DBE5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other assets </link:label>
<link:label id="lab_us-gaap_OtherAssets_AF9CEC3669F057F0789526809833DBE5_label_en-US" xlink:label="lab_us-gaap_OtherAssets_AF9CEC3669F057F0789526809833DBE5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_AF9CEC3669F057F0789526809833DBE5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_AF9CEC3669F057F0789526809833DBE5" xlink:to="lab_us-gaap_OtherAssets_AF9CEC3669F057F0789526809833DBE5" xlink:type="arc"/>
<link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_A9BB0A721508A971D2B92680983359B3_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_A9BB0A721508A971D2B92680983359B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> LIABILITIES AND SHAREHOLDERS' EQUITY </link:label>
<link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_A9BB0A721508A971D2B92680983359B3_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_A9BB0A721508A971D2B92680983359B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities and Equity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_A9BB0A721508A971D2B92680983359B3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_A9BB0A721508A971D2B92680983359B3" xlink:to="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_A9BB0A721508A971D2B92680983359B3" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_E9DE1D522439ADE2172A268098334EA8_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_E9DE1D522439ADE2172A268098334EA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accounts payable </link:label>
<link:label id="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_E9DE1D522439ADE2172A268098334EA8_label_en-US" xlink:label="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_E9DE1D522439ADE2172A268098334EA8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounts Payable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableCurrentAndNoncurrent_E9DE1D522439ADE2172A268098334EA8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsPayableCurrentAndNoncurrent_E9DE1D522439ADE2172A268098334EA8" xlink:to="lab_us-gaap_AccountsPayableCurrentAndNoncurrent_E9DE1D522439ADE2172A268098334EA8" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_C8A492940003F84D09E12680983344A3_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_C8A492940003F84D09E12680983344A3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accrued expenses and other liabilities </link:label>
<link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_C8A492940003F84D09E12680983344A3_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_C8A492940003F84D09E12680983344A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accrued Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_C8A492940003F84D09E12680983344A3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_C8A492940003F84D09E12680983344A3" xlink:to="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_C8A492940003F84D09E12680983344A3" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_C023A4F4D62E42FE69D1268098334DB5_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_C023A4F4D62E42FE69D1268098334DB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities related to consolidated variable interest entity </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_C023A4F4D62E42FE69D1268098334DB5_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_C023A4F4D62E42FE69D1268098334DB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Consolidated, Carrying Amount, Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_C023A4F4D62E42FE69D1268098334DB5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_C023A4F4D62E42FE69D1268098334DB5" xlink:to="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_C023A4F4D62E42FE69D1268098334DB5" xlink:type="arc"/>
<link:label id="lab_us-gaap_CustomerAdvancesAndDeposits_6DA573A436DA3058B41F268098338C24_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerAdvancesAndDeposits_6DA573A436DA3058B41F268098338C24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer deposits </link:label>
<link:label id="lab_us-gaap_CustomerAdvancesAndDeposits_6DA573A436DA3058B41F268098338C24_label_en-US" xlink:label="lab_us-gaap_CustomerAdvancesAndDeposits_6DA573A436DA3058B41F268098338C24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Customer Advances and Deposits </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CustomerAdvancesAndDeposits" xlink:label="loc_us-gaap_CustomerAdvancesAndDeposits_6DA573A436DA3058B41F268098338C24" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SeniorNotes_2E791CB9CB95BFCF844126809833EC85_terseLabel_en-US" xlink:label="lab_us-gaap_SeniorNotes_2E791CB9CB95BFCF844126809833EC85" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senior notes </link:label>
<link:label id="lab_us-gaap_SeniorNotes_2E791CB9CB95BFCF844126809833EC85_label_en-US" xlink:label="lab_us-gaap_SeniorNotes_2E791CB9CB95BFCF844126809833EC85" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Senior Notes </link:label>
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<link:label id="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_85041BAD838FCFF34A14E349737F5DC2_terseLabel_en-US" xlink:label="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_85041BAD838FCFF34A14E349737F5DC2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase to net cash used in financing activities </link:label>
<link:label id="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_85041BAD838FCFF34A14E349737F5DC2_label_en-US" xlink:label="lab_us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities_85041BAD838FCFF34A14E349737F5DC2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Excess Tax Benefit from Share-based Compensation, Financing Activities </link:label>
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<link:label id="lab_us-gaap_IncomeStatementAbstract_19D41970DA35B32D98B64ADC4A8FD64B_label_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract_19D41970DA35B32D98B64ADC4A8FD64B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Statement [Abstract] </link:label>
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<link:label id="lab_us-gaap_FeesAndCommissionsMortgageBanking_910337E6C01C3DA823124ADC4A9F4750_terseLabel_en-US" xlink:label="lab_us-gaap_FeesAndCommissionsMortgageBanking_910337E6C01C3DA823124ADC4A9F4750" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Mortgage banking fees </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FeesAndCommissionsMortgageBanking" xlink:label="loc_us-gaap_FeesAndCommissionsMortgageBanking_910337E6C01C3DA823124ADC4A9F4750" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_B39EAF37A28932846C594ADC4A9F9462_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_B39EAF37A28932846C594ADC4A9F9462" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest income </link:label>
<link:label id="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_B39EAF37A28932846C594ADC4A9F9462_label_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_B39EAF37A28932846C594ADC4A9F9462" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest and Fee Income, Loans Held-for-sale, Mortgages </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansHeldForSaleMortgages_B39EAF37A28932846C594ADC4A9F9462" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherIncome_167E16B608D306B04B594ADC4A9F42E3_terseLabel_en-US" xlink:label="lab_us-gaap_OtherIncome_167E16B608D306B04B594ADC4A9F42E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other income </link:label>
<link:label id="lab_us-gaap_OtherIncome_167E16B608D306B04B594ADC4A9F42E3_label_en-US" xlink:label="lab_us-gaap_OtherIncome_167E16B608D306B04B594ADC4A9F42E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Income </link:label>
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<link:label id="lab_us-gaap_HomeBuildingCosts_021F1C951CBA1200A2934ADC4A9F2FB6_negatedLabel_en-US" xlink:label="lab_us-gaap_HomeBuildingCosts_021F1C951CBA1200A2934ADC4A9F2FB6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Cost of sales </link:label>
<link:label id="lab_us-gaap_HomeBuildingCosts_021F1C951CBA1200A2934ADC4A9F2FB6_label_en-US" xlink:label="lab_us-gaap_HomeBuildingCosts_021F1C951CBA1200A2934ADC4A9F2FB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Home Building Costs </link:label>
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<link:label id="lab_us-gaap_SellingGeneralAndAdministrativeExpense_49465D832D93C5B2FB6D4ADC4A9FF22F_negatedLabel_en-US" xlink:label="lab_us-gaap_SellingGeneralAndAdministrativeExpense_49465D832D93C5B2FB6D4ADC4A9FF22F" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Selling, general and administrative </link:label>
<link:label id="lab_us-gaap_SellingGeneralAndAdministrativeExpense_49465D832D93C5B2FB6D4ADC4A9FF22F_label_en-US" xlink:label="lab_us-gaap_SellingGeneralAndAdministrativeExpense_49465D832D93C5B2FB6D4ADC4A9FF22F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Selling, General and Administrative Expense </link:label>
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<link:label id="lab_us-gaap_OperatingIncomeLoss_1FF275B3CDAD796E90064ADC4A9F5179_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingIncomeLoss_1FF275B3CDAD796E90064ADC4A9F5179" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Operating income </link:label>
<link:label id="lab_us-gaap_OperatingIncomeLoss_1FF275B3CDAD796E90064ADC4A9F5179_label_en-US" xlink:label="lab_us-gaap_OperatingIncomeLoss_1FF275B3CDAD796E90064ADC4A9F5179" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Operating Income (Loss) </link:label>
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<link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_45908D0C17ECCB527AF14ADC4A9F99EC_negatedLabel_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_45908D0C17ECCB527AF14ADC4A9F99EC" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> General and administrative </link:label>
<link:label id="lab_us-gaap_GeneralAndAdministrativeExpense_45908D0C17ECCB527AF14ADC4A9F99EC_label_en-US" xlink:label="lab_us-gaap_GeneralAndAdministrativeExpense_45908D0C17ECCB527AF14ADC4A9F99EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> General and Administrative Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_45908D0C17ECCB527AF14ADC4A9F99EC" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestExpense_C2375DE68E6E998A2AA84ADC4A9FAA2B_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_C2375DE68E6E998A2AA84ADC4A9FAA2B" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_C2375DE68E6E998A2AA84ADC4A9FAA2B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_F39AC04ACA86D0300BA04ADC4A9F05BE_negatedLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_F39AC04ACA86D0300BA04ADC4A9F05BE" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Income tax expense </link:label>
<link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_F39AC04ACA86D0300BA04ADC4A9F05BE_label_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_F39AC04ACA86D0300BA04ADC4A9F05BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Expense (Benefit) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_F39AC04ACA86D0300BA04ADC4A9F05BE" xlink:type="locator"/>
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<link:label id="lab_us-gaap_EarningsPerShareBasic_B3543D3B352C97180C104ADC4A9F8D97_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareBasic_B3543D3B352C97180C104ADC4A9F8D97" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Basic earnings per share (USD per share) </link:label>
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<link:label id="lab_us-gaap_EarningsPerShareDiluted_FEAB2AFD6213CB0C02ED4ADC4A9FDEDA_terseLabel_en-US" xlink:label="lab_us-gaap_EarningsPerShareDiluted_FEAB2AFD6213CB0C02ED4ADC4A9FDEDA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Diluted earnings per share (USD per share) </link:label>
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<link:label id="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_85E4F074C77FECBF06B34ADC4A9F434C_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_85E4F074C77FECBF06B34ADC4A9F434C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Basic weighted average shares outstanding (in shares) </link:label>
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<link:label id="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_6E1DFEB1D0F6E84F78674ADC4A9FA386_terseLabel_en-US" xlink:label="lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_6E1DFEB1D0F6E84F78674ADC4A9FA386" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Diluted weighted average shares outstanding (in shares) </link:label>
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<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_557F5547E133DC161ACE4A2D80B9F9CF_verboseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_557F5547E133DC161ACE4A2D80B9F9CF" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Cash </link:label>
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<link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_8E63B7B7F675FB2B86174A2D80BA2AF2_verboseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_8E63B7B7F675FB2B86174A2D80BA2AF2" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities and equity: </link:label>
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<link:label id="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_22BA7B4FA226841105B94A2D80BA57E9_verboseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_22BA7B4FA226841105B94A2D80BA57E9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Accrued expenses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccruedLiabilitiesCurrentAndNoncurrent_22BA7B4FA226841105B94A2D80BA57E9" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StockholdersEquity_1F07A35032780A20847B4A2D80BACFAB_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity_1F07A35032780A20847B4A2D80BACFAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity </link:label>
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<link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquity_7F551F6E5191E2B560F94A2D80BAA8C2_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquity_7F551F6E5191E2B560F94A2D80BAA8C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total liabilities and shareholders' equity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_7F551F6E5191E2B560F94A2D80BAA8C2" xlink:type="locator"/>
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<link:loc xlink:href="nvr-20170930.xsd#nvr_CapitalizedInterestCostsIncludingAllowanceforFundsUsedDuringConstructionRollForward" xlink:label="loc_nvr_CapitalizedInterestCostsIncludingAllowanceforFundsUsedDuringConstructionRollForward_02626ED6D7F5520908924A3035BD48F1" xlink:type="locator"/>
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<link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_B31D53E9E320750178324A2D80AE5F30_periodStartLabel_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_B31D53E9E320750178324A2D80AE5F30" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Interest capitalized, beginning of period </link:label>
<link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_B31D53E9E320750178324A2D80AE5F30_label_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_B31D53E9E320750178324A2D80AE5F30" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Real Estate Inventory, Capitalized Interest Costs </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInventoryCapitalizedInterestCosts" xlink:label="loc_us-gaap_RealEstateInventoryCapitalizedInterestCosts_B31D53E9E320750178324A2D80AE5F30" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestCostsIncurred_A0B73ED277D3335256754A2D80AE2A45_terseLabel_en-US" xlink:label="lab_us-gaap_InterestCostsIncurred_A0B73ED277D3335256754A2D80AE2A45" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest incurred </link:label>
<link:label id="lab_us-gaap_InterestCostsIncurred_A0B73ED277D3335256754A2D80AE2A45_label_en-US" xlink:label="lab_us-gaap_InterestCostsIncurred_A0B73ED277D3335256754A2D80AE2A45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Costs Incurred </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestCostsIncurred" xlink:label="loc_us-gaap_InterestCostsIncurred_A0B73ED277D3335256754A2D80AE2A45" xlink:type="locator"/>
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<link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_781B400098CC9C8530034A2D80AEF2E1_negatedLabel_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_781B400098CC9C8530034A2D80AEF2E1" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Interest charged to cost of sales </link:label>
<link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_781B400098CC9C8530034A2D80AEF2E1_label_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCostsCostOfSales1_781B400098CC9C8530034A2D80AEF2E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Real Estate Inventory, Capitalized Interest Costs, Cost of Sales </link:label>
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<link:label id="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_BF8E7B53C7AB10BEA38A4A2D80AEE073_periodEndLabel_en-US" xlink:label="lab_us-gaap_RealEstateInventoryCapitalizedInterestCosts_BF8E7B53C7AB10BEA38A4A2D80AEE073" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Interest capitalized, end of period </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInventoryCapitalizedInterestCosts" xlink:label="loc_us-gaap_RealEstateInventoryCapitalizedInterestCosts_BF8E7B53C7AB10BEA38A4A2D80AEE073" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_C6459B1BEC6467A0F4D2D328108BAB73_terseLabel_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_B6DB4D10FDF45BF9950F3E3F57C70B12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Basis of Presentation </link:label>
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<link:label id="lab_nvr_SummaryOfInterestCostsIncurredCapitalizedExpensedAndChargedToCostOfSalesTableTextBlock_F72BDE5DE58F10B549840CF087190F52_terseLabel_en-US" xlink:label="lab_nvr_SummaryOfInterestCostsIncurredCapitalizedExpensedAndChargedToCostOfSalesTableTextBlock_F72BDE5DE58F10B549840CF087190F52" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Summary of Interest Costs Incurred, Capitalized, Expensed and Charged to Cost of Sales </link:label>
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<link:label id="lab_nvr_InventoryRealEstateLandAcquisitionCosts_C8D9D217962152E386AE4A2D80B40B91_terseLabel_en-US" xlink:label="lab_nvr_InventoryRealEstateLandAcquisitionCosts_C8D9D217962152E386AE4A2D80B40B91" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Acquisition costs of raw land parcel </link:label>
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<link:label id="lab_nvr_NumberOfRawParcelsOfLandOwned_781717E7904C7FDCEB814A2D80B4FA19_terseLabel_en-US" xlink:label="lab_nvr_NumberOfRawParcelsOfLandOwned_781717E7904C7FDCEB814A2D80B4FA19" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of raw parcels of land owned </link:label>
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<link:loc xlink:href="nvr-20170930.xsd#nvr_NumberOfRawParcelsOfLandOwned" xlink:label="loc_nvr_NumberOfRawParcelsOfLandOwned_781717E7904C7FDCEB814A2D80B4FA19" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_1319554FD502094C0A8D4A2D80B4E2E1_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_1319554FD502094C0A8D4A2D80B4E2E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying value of raw parcels of land </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts" xlink:label="loc_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_1319554FD502094C0A8D4A2D80B4E2E1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_1319554FD502094C0A8D4A2D80B4E2E1" xlink:to="lab_us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts_1319554FD502094C0A8D4A2D80B4E2E1" xlink:type="arc"/>
<link:label id="lab_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210_terseLabel_en-US" xlink:label="lab_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Number of finished lots expected to be developed from raw parcels of land </link:label>
<link:label id="lab_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210_label_en-US" xlink:label="lab_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Number Of Finished Lots Expected To Be Developed From Raw Parcels Of Land </link:label>
<link:label id="lab_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210_documentation_en-US" xlink:label="lab_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Number of finished lots expected to be developed from raw parcels of land. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand" xlink:label="loc_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210" xlink:to="lab_nvr_NumberOfFinishedLotsExpectedToBeDevelopedFromRawParcelsOfLand_0A2FC392FB63C08CAB024A2D80B48210" xlink:type="arc"/>
<link:label id="lab_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7_terseLabel_en-US" xlink:label="lab_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Aggregate additional funding commitments related to raw land property under joint development </link:label>
<link:label id="lab_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7_label_en-US" xlink:label="lab_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Aggregate Additional Funding Commitments Related To Raw Land Property Development </link:label>
<link:label id="lab_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7_documentation_en-US" xlink:label="lab_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Aggregate additional funding commitments related to raw land property development. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment" xlink:label="loc_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7" xlink:to="lab_nvr_AggregateAdditionalFundingCommitmentsRelatedToRawLandPropertyDevelopment_92C39C3F9662D995045A4A2D80B5CEF7" xlink:type="arc"/>
<link:label id="lab_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249_terseLabel_en-US" xlink:label="lab_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Expected development credits that will offset the aggregate additional funding commitments related to raw land property development </link:label>
<link:label id="lab_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249_label_en-US" xlink:label="lab_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Expected Development Credit Offset Amount </link:label>
<link:label id="lab_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249_documentation_en-US" xlink:label="lab_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Expected development credit offset amount. </link:label>
<link:loc xlink:href="nvr-20170930.xsd#nvr_ExpectedDevelopmentCreditOffsetAmount" xlink:label="loc_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249" xlink:to="lab_nvr_ExpectedDevelopmentCreditOffsetAmount_3994A4D0E6FC9C6C57794A2D80B58249" xlink:type="arc"/>
<link:label id="lab_us-gaap_HedgingDesignationAxis_23B5F346DC7ACD54362754E99802325F_terseLabel_en-US" xlink:label="lab_us-gaap_HedgingDesignationAxis_23B5F346DC7ACD54362754E99802325F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedging Designation </link:label>
<link:label id="lab_us-gaap_HedgingDesignationAxis_23B5F346DC7ACD54362754E99802325F_label_en-US" xlink:label="lab_us-gaap_HedgingDesignationAxis_23B5F346DC7ACD54362754E99802325F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedging Designation [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationAxis" xlink:label="loc_us-gaap_HedgingDesignationAxis_23B5F346DC7ACD54362754E99802325F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingDesignationAxis_23B5F346DC7ACD54362754E99802325F" xlink:to="lab_us-gaap_HedgingDesignationAxis_23B5F346DC7ACD54362754E99802325F" xlink:type="arc"/>
<link:label id="lab_us-gaap_HedgingDesignationDomain_657A26CD1B153EA9062854E998029D47_terseLabel_en-US" xlink:label="lab_us-gaap_HedgingDesignationDomain_657A26CD1B153EA9062854E998029D47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedging Designation </link:label>
<link:label id="lab_us-gaap_HedgingDesignationDomain_657A26CD1B153EA9062854E998029D47_label_en-US" xlink:label="lab_us-gaap_HedgingDesignationDomain_657A26CD1B153EA9062854E998029D47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedging Designation [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_HedgingDesignationDomain" xlink:label="loc_us-gaap_HedgingDesignationDomain_657A26CD1B153EA9062854E998029D47" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgingDesignationDomain_657A26CD1B153EA9062854E998029D47" xlink:to="lab_us-gaap_HedgingDesignationDomain_657A26CD1B153EA9062854E998029D47" xlink:type="arc"/>
<link:label id="lab_us-gaap_NondesignatedMember_59569EBD5FE0E87E15B954E99802E05B_terseLabel_en-US" xlink:label="lab_us-gaap_NondesignatedMember_59569EBD5FE0E87E15B954E99802E05B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Not Designated as Hedging Instrument [Member] </link:label>
<link:label id="lab_us-gaap_NondesignatedMember_59569EBD5FE0E87E15B954E99802E05B_label_en-US" xlink:label="lab_us-gaap_NondesignatedMember_59569EBD5FE0E87E15B954E99802E05B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Not Designated as Hedging Instrument [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NondesignatedMember" xlink:label="loc_us-gaap_NondesignatedMember_59569EBD5FE0E87E15B954E99802E05B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NondesignatedMember_59569EBD5FE0E87E15B954E99802E05B" xlink:to="lab_us-gaap_NondesignatedMember_59569EBD5FE0E87E15B954E99802E05B" xlink:type="arc"/>
<link:label id="lab_us-gaap_LongTermDebtFairValue_9F93757FCFBFBA89B2FB54E99802862E_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_9F93757FCFBFBA89B2FB54E99802862E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Senior Notes fair value </link:label>
<link:label id="lab_us-gaap_LongTermDebtFairValue_9F93757FCFBFBA89B2FB54E99802862E_label_en-US" xlink:label="lab_us-gaap_LongTermDebtFairValue_9F93757FCFBFBA89B2FB54E99802862E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt, Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="loc_us-gaap_LongTermDebtFairValue_9F93757FCFBFBA89B2FB54E99802862E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtFairValue_9F93757FCFBFBA89B2FB54E99802862E" xlink:to="lab_us-gaap_LongTermDebtFairValue_9F93757FCFBFBA89B2FB54E99802862E" xlink:type="arc"/>
<link:label id="lab_us-gaap_SeniorNotes_78B7C0FDB5F05D5BD7C454E998026014_verboseLabel_en-US" xlink:label="lab_us-gaap_SeniorNotes_78B7C0FDB5F05D5BD7C454E998026014" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Senior Notes carrying value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SeniorNotes" xlink:label="loc_us-gaap_SeniorNotes_78B7C0FDB5F05D5BD7C454E998026014" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SeniorNotes_78B7C0FDB5F05D5BD7C454E998026014" xlink:to="lab_us-gaap_SeniorNotes_78B7C0FDB5F05D5BD7C454E998026014" xlink:type="arc"/>
<link:label id="lab_invest_DerivativeNotionalAmount_F5FA276FF236178C072054E998022171_terseLabel_en-US" xlink:label="lab_invest_DerivativeNotionalAmount_F5FA276FF236178C072054E998022171" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Notional amount of contractual commitments </link:label>
<link:loc xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="loc_invest_DerivativeNotionalAmount_F5FA276FF236178C072054E998022171" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_invest_DerivativeNotionalAmount_F5FA276FF236178C072054E998022171" xlink:to="lab_invest_DerivativeNotionalAmount_F5FA276FF236178C072054E998022171" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_2D4756397D603E9423E054E998025C35_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_2D4756397D603E9423E054E998025C35" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Fair value of mortgage loans held for sale </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage_2D4756397D603E9423E054E998025C35" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_443D8B5410F1BA581F0254E998033BA6_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_443D8B5410F1BA581F0254E998033BA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total Fair Value Measurement Gain/(Loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_443D8B5410F1BA581F0254E998033BA6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_5A2F93BD669FAD332A4354E998031F0F_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_5A2F93BD669FAD332A4354E998031F0F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair value adjustment income (expense) </link:label>
<link:label id="lab_us-gaap_DerivativeGainLossOnDerivativeNet_5A2F93BD669FAD332A4354E998031F0F_label_en-US" xlink:label="lab_us-gaap_DerivativeGainLossOnDerivativeNet_5A2F93BD669FAD332A4354E998031F0F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Gain (Loss) on Derivative, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_5A2F93BD669FAD332A4354E998031F0F" xlink:type="locator"/>
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