Content about Hovnanian

March 10, 2012

Residential builder Hovnanian narrowed its losses during the first fiscal quarter to $18.3 million, compared to a loss of $64.1 million during the same quarter a year ago.  Revenue for the Red Bank, N.J.-based company grew by 6.7% during the quarter , which ended Jan. 31, to $269.6 million.

"The spring selling season is off to a good start," said company CEO Ara  Hovnanian in a prepared statement. "We are hopeful that these positive trends continue." 

Net contracts increased 27% to 1,079 homes from 850 homes last year. 

August 31, 2011

Home-building businesses may be at risk for consolidation if home sales don’t pick up soon, according to an analysis by the Wall Street Journal.

December 22, 2010

Red Bank, N.J.-based home builder Hovnanian reported a fourth-quarter net loss of $132.1 million, compared to a loss of $250.7 million for the same period last year.

Red Bank, N.J.-based home builder Hovnanian reported a fourth-quarter net loss of $132.1 million, compared with a loss of $250.7 million for the same period last year.

Revenues for the quarter ended Oct. 31 were $353 million, down 19.2% from $437.3 million.

During the quarter, the company delivered 1,204 homes, compared with 1,444 homes delivered during the prior year's fourth quarter. Net contracts for the quarter decreased 13% to 1,078 homes compared with last year. 

March 10, 2008

Sales were $1.09 billion, down 6.4 percent from $1.165 billion in the same period last year....

December 20, 2007

The company reported it delivered 13,564 homes for the year, down 24.4 percent from last...

September 9, 2007

Hovnanian posts third-quarter losses; Beazer receives purported default notices....

September 3, 2007

Fitch Ratings has issued a negative outlook for 14 publicly owned home builders and revised...

August 15, 2007

Hovnanian was an immigrant from Kirkuk, Iraq, in 1948. He founded J.S. Hovnanian & Sons in 1964....