HOV News and Press, Hovnanian Enterprises Inc. Class A From 07/23/22

As home prices hover near historical highs and mortgage rates keep soaring, housing affordability in the U.S. is about to reach its lowest point since the 2007 Great Financial Crisis, according to a report by S&P Global Ratings released on July 20. “High home purchase pri...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

In the wake of higher home prices, rising mortgage rates and looming recession risks, demand for vacation homes has fallen below pre-pandemic levels for the first time since 2020 (when interest rates were hovering around record lows), according to a report by real estate brokerage Redfin...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

D.R. Horton (NYSE:DHI) -0.5%, KB Home (NYSE:KBH) -1.4%, Hovnanian Enterprises (HOV) -2.2% among a slew of homebuilder stocks are sliding in Tuesday afternoon trading. The intraday selling pressure comes as real estate brokerages Redfin (NASDAQ:RDFN) and Compass (...

This $56 stock should earn about $30 per share this year. That's a 2 P/E! I review the '06 housing meltdown, and how both the industry and Hovnanian are radically different today. Once investors understand the long-term outlook for homebuilders, this stock should double or mo...

Hovnanian Enterprises, Inc. (HOV) Q2 2022 Results Conference Call June 01, 2022 11:00 AM ET Company Participants Jeff O’Keefe - VP, IR Ara Hovnanian - Chairman, President and CEO Larry Sorsby - EVP and CFO Brad O’Connor - SVP, Chief Accounting Officer and Treasurer Conference Ca...

The following slide deck was published by Hovnanian Enterprises, Inc. in conjunction with their 2022 Q2 earnings call. For further details see: Hovnanian Enterprises, Inc. 2022 Q2 - Results - Earnings Call Presentation

Hovnanian press release (NYSE:HOV): Q2 GAAP EPS of $8.39. Revenue of $702.5M (-0.1% Y/Y). Shares up 4% premarket. For Q3, total revenues are expected to be between $780M and $830M, gross margin, before cost of sales interest expense and land charges, is expected to be between 24.0% ...

161% Year-over-Year Increase in Pretax Profit Gross Margin Percentage Increased 520 Basis Points Year-over-Year 5% Increase in Consolidated Dollar Amount of Contracts 16% Increase in Consolidated Backlog Dollars to $2.06 Billion Early Retirement of $100 Million of ...