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Homebuilder Hovnanian Enterprises Inc. on Wednesday said its board gave President and CEO Ara K. Hovnanian the additional title of chairman.
Hovnanian Enterprises Inc.'s chief executive said Thursday the homebuilder has begun buying land, raising home prices and reopening previously mothballed developments in response to signs that the worst of the housing market slide has passed.
Hovnanian Enterprises Inc. trimmed its loss in the third quarter as the homebuilder slashed costs and benefited from a swell in signed contracts for new homes, but the results fell short of Wall Street estimates.
Hovnanian Enterprises' CEO says recent trends in sales and home prices indicate the housing market is improving despite the uncertainty over the U.S. economy.
Hovnanian Enterprises Inc. says it trimmed its fiscal second-quarter loss versus a year ago as the homebuilder slashed prices to woo reluctant buyers but had to absorb losses from the declining value of land and other assets.
Hovnanian Enterprises Inc. Chief Executive Ara Hovnanian says recent sales trends show there's still some demand for new homes despite buyers' uncertainty over the economy.
The collapse of the housing market showed no signs of easing in November as sales of new and existing homes plunged and prices took their biggest hit on record.
Hovnanian Enterprises Inc. said Wednesday its fiscal third-quarter loss more than doubled from a year ago as the homebuilder suffered steep declines in new home contracts and hefty markdowns on land values.
Homebuilder Hovnanian Enterprises Inc. on Tuesday evening said second-quarter losses grew tenfold from a year earlier as it reported its seventh consecutive negative quarter.
Homebuilder Hovnanian Enterprises Inc. on Monday reported it lost more than twice as much money in its fiscal first quarter compared to a year ago and blamed the continuing struggles of the housing market.
Fallout from the housing downturn and an accounting charge helped Hovnanian Enterprises Inc.'s fiscal fourth-quarter loss nearly quadruple, but the homebuilder's chief executive says there are some encouraging signs.
Residential Green Building Slow to Gain MomentumAlthough many of the largest US homebuilders have experimented with energy-efficiency and other "green" features in the homes they build, they complain that buyers have not shown enough interest to justify making such measures standard practice.
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