Content about Red Bank, New Jersey

June 12, 2012

Red Bank, N.J.-based Hovnanian Enterprises posted second-quarter net income of $1.8 million, compared with an after-tax net loss of $72.7 million the second quarter of 2011. Total revenues for the second quarter ended April 30 were $341.7 million, up 34% from $255.1 million in the second quarter of the previous year.

May 12, 2011

Hovnanian, GTIS Partners announce home-building joint venture

Hovnanian Enterprises and GTIS Partners have expanded their December 2010 joint venture with the acquisition of five additional home-building communities. The venture plans to design, sell, and deliver homes in the communities, which contain 745 lots across three communities in Northern Virginia, one community in Maryland and one community in Pennsylvania.

December 22, 2010

Hovnanian narrows loss in Q4, shows gains for year

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

Hovnanian sales fall in the first quarter

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